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EPL News: Peter Lim backs out from Liverpool FC bid

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EPL News: Peter Lim backs out from Liverpool FC bid
The man who started a whole round of new controversies to further complicate the fiasco at Liverpool, Peter Lim has finally decided that he has had his fair share of mayhem to handle and will not go ahead and buy Liverpool.
The Singaporean businessman has officially backtracked from claims that he wanted the club and has withdrawn from any bids that he had earlier made. It was earlier reported that Peter Lim had launched a 320 million pound bid for the club and to involve the
basic level of management into the process, Lim had declared that he would throw in an extra 40 million pounds so that new players can be signed into the club.
However, Peter Lim was unsuccessful in winning the hearts of fans and most obviously the new Liverpool manager Roy Hodgson, who has his eyes set on the New England Sports Ventures who have a lot more bargaining power.
The situation has become more complicating at Anfield as the original American owners have taken their plea against the sale of the club to a court in Texas to link up the case after failing in the injunction in English courts.
Apparently, even the bidding process of the club has concluded as it seems eminent that NESV will buy the club. However it seems that the American owners have finally given up as they have lifted the injunction from the Royal Bank of Scotland which prevented
them from selling the club.
With the sale of the club destined to happen but under the canopy of controversial men, Lim has decided that he wants no part of this feud. In an intelligent description, he has stated that the chairman of the club, Martin Broughton refused the offer that
he was presenting, leaving no space for further negotiations.
Part of that statement is true as Broughton has admitted that the sale of Liverpool was one of the best things that have happened to the club in a long time. Martin has also declared that there is a very low chance of him considering another offer when there’s
another attractive offer on the table by the New England Sports Ventures.
In a press release Peter Lim has stated, “'I have tried to engage constructively with the board and RBS based on an Offer, funded from my existing resources, providing greater value for Liverpool Football Club, more cash for players, full repayment of all
bank debts and a long term personal commitment to build a better future for the club and its supporters.”
Peter Lim is not the only person that has come forth to buy the club. After the special appointment of Broughton to organize the sale of the club, there have been a couple of interested owners.
One of those parties includes the wealthy Sheikhs but the negotiations ended with a warning. Though Broughton had announced after the flunk that it would take around 18 months for the sale to occur, a Chinese company QSL, headed by Kenny Huang approached
Anfield late in the summers. However, both parties had a disagreement about the price and the bid was called off. There were bank issues as well that broke the deal apart.
It seems that there was something similar going on around here too as Lim informed, “The board and RBS have chosen not to respond or to discuss my Offer with me. My representatives even offered to meet the Board last night. This was ignored, although NESV
was invited to attend that meeting.”
He continued, “It has become clear to me that the Board is intent on selling the Club to NESV to the exclusion of all other parties, regardless of the merits of their bids.”
Lim expressed that he was certainly not happy with the way things had preceded at the Merseyside. Lim admitted that he felt for the club and knew about their troubles but in the end was in no position to help them, “In these circumstances, I am not able
to proceed with my intention to acquire the club. If current events cause the circumstances to change, my interest in acquiring the club remains.”
He added, “I would however extend my very best wishes to Liverpool Football Club, the staff and players, and the fans that really deserve better than this. I hope the club now moves towards realising its potential and achieves success on the pitch.”

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