Here we go again

Once again, Liverpool is rumoured to be the subject of a takeover a bid and this time, Chinese businessman, Kenny Huang, is leading a consortium of sovereign funds to rescue the Reds from the doldrums under Tom Hicks and George Gillette.

Unlike previous rumours, Liverpool's chairman, Martin Broughton, has announced that aside from Huang there are several other parties interested in buying over Britain's most successful football club and that a new owner may be in charge by Aug 31. Huang, on the other hand, has apparently given Hicks and Gillette 10 days to accept his offer.

Huang, like any rational thinking businessman, isn't interested in getting into a protracted buy over of the club that could well last six months or more. By then, who knows what Liverpool would be worth as manager Roy Hogdson would be deprived of some much needed transfer funds to build a squad worthy of challenging for honours. In fact, Huang has plainly said that he wouldn't be interested in buying over the Reds if he isn't able to provide Hogdson with the necessary funds to strengthen the squad.

While this would make perfect sense to the average football fan with a functional brain, the same can't be said about Hicks and Gillette. In fact, it's almost a mystery how these two amassed all their wealth. Despite pricing Liverpool at a ridiculous tag of GBP800 million, neither one of them seem serious about it. The Reds have had an array of suitor over the past 12 months and yet the two of them have rejected all bids.

During that course, Liverpool's fortunes have floundered with the Reds eventually finishing seventh in the league and missing out on the money-making Champions League. Likewise, the club's valuation has plummeted in line with it's endeavors on the pitch. This in turn has made it even harder for American duo to justify their hefty price tag of GBP800 million. Had they sold the club in January, there may have been a possibility of obtaining a bid for GBP500 million. Now, they'd be lucky to even get GBP400 million. And Liverpool's valuations are set to continue declining if Hodgson doesn't get to strengthen his squad.