Singaporean joins bid for Liverpool
Source: Agencies |
October 13, 2010, Wednesday
|
Print Edition
Print Edition
LIVERPOOL'S proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club yesterday and lawyers representing the current owners said a third group is also making a bid.
Singapore billionaire Peter Lim raised his offer for Liverpool to 320 million pounds (US$507 million) yesterday, with an additional 40 million pounds to buy new players.
Lim said that as part of the offer he would pay off 200 million pounds of the club's debt. Lim had previously offered 300 million pounds for the club.
"I am committed to rebuild the club," Lim said in a statement. "I believe that if its massive debt burden can be removed, the club would be able to focus on improving its performance on the pitch."
Lim, 57, said he would not need any financing to fund his offer and that all the money would come from his cash reserves. Liverpool, which won the last of its 18 English league titles in 1990, is off to its worst start to a season since 1953 and is mired in the relegation zone.
"I will be injecting 40 million pounds in cash into the club for (manager) Roy Hodgson to bring in new players during the upcoming transfer window," Lim said. "Liverpool needs to start winning again."
Royal Bank of Scotland, which holds the bulk of Liverpool's debt, is trying to force through the sale of the Premier League club to New England Sports Ventures, the owners of the Boston Red Sox, over the objection of the current American owners, Tom Hicks and George Gillett Jr.
The case was being heard in London's High Court yesterday.
Singapore billionaire Peter Lim raised his offer for Liverpool to 320 million pounds (US$507 million) yesterday, with an additional 40 million pounds to buy new players.
Lim said that as part of the offer he would pay off 200 million pounds of the club's debt. Lim had previously offered 300 million pounds for the club.
"I am committed to rebuild the club," Lim said in a statement. "I believe that if its massive debt burden can be removed, the club would be able to focus on improving its performance on the pitch."
Lim, 57, said he would not need any financing to fund his offer and that all the money would come from his cash reserves. Liverpool, which won the last of its 18 English league titles in 1990, is off to its worst start to a season since 1953 and is mired in the relegation zone.
"I will be injecting 40 million pounds in cash into the club for (manager) Roy Hodgson to bring in new players during the upcoming transfer window," Lim said. "Liverpool needs to start winning again."
Royal Bank of Scotland, which holds the bulk of Liverpool's debt, is trying to force through the sale of the Premier League club to New England Sports Ventures, the owners of the Boston Red Sox, over the objection of the current American owners, Tom Hicks and George Gillett Jr.
The case was being heard in London's High Court yesterday.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
