13 Oct 2010Liverpool receive fresh takeover bid

Football Clubs News | Football Finance News

A new takeover offer has been made for troubled English Premier League football club Liverpool, with a Singaporean businessman pledging to invest in new facilities and the team itself.

Billionaire Peter Lim - a football fan of arch-rivals Manchester United and the owner of several sports-themed bars - submitted a £320 million bid yesterday (October 12th 2010) and pledged to remove the club's debt if successful.

"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," he said in a statement. "If the board accepts this offer, the monies are available immediately."

Lim also promised to provide an additional £40 million for manager Roy Hodgson to spend on new players when the January transfer window opens and added that he is "committed" to rebuilding the Merseyside outfit.

Liverpool returned to the High Court this morning (October 13th) to hear whether current owners George Gillett and Tom Hicks had been successful in their attempt to block New England Sports Ventures' proposed takeover.

Written by Terry Mitchell

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