The following statement has been issued on behalf of Kenny Huang and QSL Sports:
After due consideration, Kenny Huang and QSL Sports is withdrawing from the ongoing sales process with respect to Liverpool FC. Mr. Huang has formally notified the Chairman of the Liverpool FC Board.
“Over the past few months we learned firsthand that Liverpool has a very special place in the hearts of millions of fans around the world,” Mr. Huang said. “We concluded that a plan that properly capitalizes the business and provides funds for a new stadium and player related costs would allow Liverpool FC to provide its great fans with the success they deserve. Our strategy and unique ability to expand the fan base in Asia would also have been of benefit to all. We regret that we will not have the opportunity to implement this strategy.”
“We thank the many Liverpool fans who expressed support for our efforts and wish the club great success in the years to come. I am now considering my future options and will be making no further comment at this time,” Mr. Huang said.