12/10/2010

New £320m Offer For Liverpool

A Singapore billionaire is offering £320m cash for Liverpool Football Club.

Peter Lim's offer supersedes the offer by New England Sports Ventures, which currently stands at £300m.

Last week, the offer was accepted by Liverpool's chairman, Martin Broughton.

Mr Lim is said to also be offering £40m in cash to buy players.

The latest offer is now raising uncertainty about the club's future.

The offer comes amid the continuing case in London's High Court to resolve the power struggle on Liverpool's board of directors.

Royal Bank of Scotland, responsible for the majority of Liverpool's debts, are currently seeking a court order preventing the club's co-owners, Tom Hicks and George Gillett Jr, from removing two board members, including Mr Broughton.

According to Forbes magazine, Mr Lim has an estimated net worth of $1.6bn (£1bn),

(BMcN)

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