CIC to fund Liverpool FC bid?
Despite China Investment Corporation’s (CIC) proclamation that it won’t be involved in the purchase of top-tier English Premier League’s Liverpool Football Club – and that it has never even heard of Kenny Huang, the Hong Kong sports businessman CIC is said to be backing – speculation remains that the sovereign wealth fund is eying the team, burdened with a $558 million debt overhang.
Six bidders are reportedly in a race to take over the club, one of the UK's most prominent, coming as dissatisfaction mounts with current American owners, Tom Hicks and George Gillet. Among the alleged...
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