CIC denies plans to bid for Liverpool FC

China Investment Corporation (CIC), the country’s main sovereign wealth fund, said it has never heard of a plan to buy the debt-laden Liverpool Football Club or of Kenneth Huang, the man whom UK media has reported is fronting such a bid, the Financial Times reported. Huang, owner of sports marketing company QSL Sports Limited, which has an office in Beijing, issued a statement on Wednesday night saying that although he has registered interest in investing in the English Premier League club, he has not made a formal bid yet. A person close to CIC said there was "no way" the fund would get involved in such a high-profile and potentially risky deal. "Next they’ll say CIC is going to buy Playboy," the person added.