Liverpool's Broughton Says Club May Be Sold by Aug. 31, Guardian Reports

Liverpool may be sold by Aug. 31 and the soccer club’s future remains under the control of its board, the Guardian reported, citing Chairman Martin Broughton, who was hired to oversee the sale.

“It still remains the objective to conclude a deal before the end of the transfer window,” Broughton was cited as saying last night by the Guardian.

Chinese businessman Kenny Huang’s bid is one of “several,” the Guardian said. Huang approached Royal Bank of Scotland Group Plc with an offer to acquire the club’s debt of 237 million pounds ($376 million) in an effort to gain financial control, the newspaper added.

“Any bids that go straight to RBS, and there have been several, come to me and are directed to” Barclays Capital, the Guardian cited Broughton as saying. “RBS are not involved. The control remains with the board.” Barclays Capital was appointed April 16 to advise on the sale.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.