This is a discussion on Lim ups Liverpool offer within the Local & Foreign Issues forum, part of the Community Lounge category; Peter Lim stunned the sports world yesterday with a dramatic 320 million pound (S$660 million) cash offer to buy the ...
Peter Lim stunned the sports world yesterday with a dramatic 320 million pound (S$660 million) cash offer to buy the Liverpool Football club.
Besides clearing the beleaguered English Premier League club's debts, he is also offering an immediate cash injection of 40 million pounds to buy new players.
His dramatic move topped his own earlier bid of £300 million and trumps a similar £300 million offer by the Boston group New England Sports Ventures (NESV).
It comes amid a bitter court battle over the sale of Liverpool, the outcome of which will be decided by a British high court judge today.
There is also a third bidder - Mill Financial, a US hedge fund that will clear the £200 million debt and offer 100 million pounds to support plans for a new stadium.
But Mr Lim, 57, believes his offer may be a circuit breaker as he will not need financing - an attractive lure for a club mired in ink as red as its famous shirts. '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.
Lim ups Liverpool offer