08.04
This is from the times:
Written by Tony Evans, who unfortunately regularly appears on talksport so thus loses just a little but of credibility, but i was also annoyed at the drip feeding of news and the bullshit times pay wall to so here it is.
The Chinese Government is the mystery backer behind a bid for Liverpool Football Club, The Times can reveal.
China’s overseas investment arm China Investment Corporation (CIC), which already owns a stake in Canary Wharf, is funding the bid fronted by the sports tycoon Kenny Huang for one of Britain’s biggest sporting names.
The debt-laden club is expected to change hands this month and last night the Chinese appeared to be in pole position to win a three-way takeover battle. The other bidders are a wealthy Kuwaiti family and an American private equity group.
Liverpool’s lender, the Royal Bank of Scotland, forced the club’s unpopular American owners, Tom Hicks and George Gillett, to put it up for sale in April. A number of potential foreign buyers have been circling, but until now the role of the Communist Government was unknown.
The acquisition would be just a tiny piece of China’s vast global investment plan. CIC was created in 2007 to invest billions of dollars for the benefit of the State. The country has been able to stockpile nearly $2 trillion of foreign currency reserves because it exports many more billions of pounds of goods and services than it imports. CIC has $332 billion to spend abroad.
The fund already has stakes in natural resources and energy companies in Asia, the US and Africa as part of China’s long-term strategy of securing its energy supplies. Liverpool would be its first football club and a high-profile entry into British cultural life.
Neither CIC nor Mr Huang was available for comment last night, but insiders said that CIC would end up owning the majority of the club if the consortium’s planned bid — which values Liverpool at between £300 million and £350 million — is successful.
China is not the first foreign country to covet English Premier League teams. Arsenal, Aston Villa, Birmingham, Chelsea, Liverpool, Manchester United, Manchester City and Sunderland are all in foreign hands.
Manchester City, which is owned by Sheikh Mansour bin Zayed al-Nahyan, a senior member of the Royal Family in Abu Dhabi, and Chelsea, owned by the Russian oligarch Roman Abramovich, were bought as trophy assets. The owners have poured in money without seeking a profit.
It is believed that the Chinese would expect to make money by building a bigger stadium in Merseyside and developing the club’s Asian fan base.
Blippity blippity blop here’s a bit of 
Coming out on Deep Distraction way back in 1994, around the time that everyone seem to be remixing and throwing in samples of guitar tunes in house tunes, stuff like Tinman – 18 Strings, and that other one that sampled Lenny Kravitz,
My tune of 2010 so far.
