There is more uncertainty about the future of Liverpool Football Club after a board meeting in London today. There were hopes that a preferred bidder would have emerged by now, but a deal before the end of the transfer window looks unlikely. Under new Premier League rules, clubs have to give ten days’ notice of a proposed takeover and no such notice has been given by Liverpool. Kenny Huang is reported to have said that his bid has a 50 per cent chance of succeeding, but that remains speculation.
The statement issue by the board verges on the bland:
There is more uncertainty about the future of Liverpool Football Club after a board meeting in London today. There were hopes that a preferred bidder would have emerged by now, but a deal before the end of the transfer window looks unlikely. Under new Premier League rules, clubs have to give ten days’ notice of a proposed takeover and no such notice has been given by Liverpool. Kenny Huang is reported to have said that his bid has a 50 per cent chance of succeeding, but that remains speculation.
The statement issue by the board verges on the bland:
‘The Liverpool FC Board has reviewed a number of proposed bids for the club at a meeting held today.
The Board will continue to act in the best interests of Liverpool Football Club and its supporters, doing all that it can to ensure that the Club is ultimately sold to a buyer who has the resources and real commitment to give it a long-term, stable and secure funding position for its plans.
The sale process is continuing. However, its timing and outcome remain uncertain. In the meantime, we will not comment on rumour and speculation.’
Such rumour and speculation is unavoidable until the future of the club is resolved. Of course the board needs to be prudent in its choice of a buyer but a protracted delay would be damaging.