11 Aug 2010Liverpool set proof of funds deadline

Football Clubs News | Football Finance News

English Premier League football club Liverpool, currently reported to be the subject of interest from several suitors, have instructed potential bidders to supply proof of funds by August 12th 2010.

According to Bloomberg, aspiring owners must provide evidence of how they intend to pay back the £237 million currently owed to the Royal Bank of Scotland and fund improvements to manager Roy Hodgson's playing squad.

US private equity venture Rhone Group is still lining up an offer, as are Syrian tycoon Yahya Kirdi, Kenny Huang's QSL Sports and Kuwaiti businessman Rafed al-Kharafi, with the Merseyside outfit valued at around £350 million.

The news comes after a Financial Times article claimed Sahara India Group withdrew from negotiations amid concerns over the club's high exposure to debt, leaving Hong Kong-based Huang as the apparent favourite to assume the reins at Anfield.

Sources close to chairman Martin Broughton are expecting to receive at least two viable takeover bids by the end of this week.

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Written by Mark Thompson

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