Park joins Pittsburgh after rescue from waivers

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Park joins Pittsburgh after rescue from waivers

NEW YORK - The Pittsburgh Pirates plucked pitchers Park Chan-ho and Chris Resop off waivers in an effort to bolster the team’s bullpen, club officials said on Wednesday.

Park had appeared in 29 games for the New York Yankees this season, surrendering 22 earned runs on 40 hits with 29 strike outs. The Yankees designated the 37-year-old Korean right-hander for assignment on Saturday. Pittsburgh becomes the seventh team Park has played for since entering the major leagues in 1994. Resop has spent most of the season in the minors and has made only one Major League appearance since 2008.Reuters

Reports: China funding bid to buy Liverpool FC

LONDON - China is funding a bid to buy the Liverpool Football Club as Beijing seeks to extend its rapidly growing global influence into the world of British sport, reports said Thursday.

China’s overseas investment arm, China Investment Corp. (CIC), is providing funds for the bid, fronted by businessman Kenny Huang, to acquire the top sporting brand, reported Britain’s The Times and Guardian newspapers.

The news is a dramatic twist in the saga of troubled Liverpool, whose unpopular American owners put the Premier League club up for sale in April, weighed down by more than 200 million pounds ($318 million) of debt.

CIC’s emergence as a bidder for Liverpool sets up a takeover battle, with the Chinese pitted against a private equity group and a wealthy Kuwaiti family for control of the club, according to The Times. The Chinese sovereign wealth fund’s bid values the club at between 300 million and 350 million pounds, said The Times, citing insiders. If the takeover attempt succeeds, CIC would end up owning the majority of the club. AFP
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