Peter Lim's bid gives a new twist to Liverpool ownership saga
The Billionaire from Singapore Peter Lim has wedged a new offer for the Liverpool football club. The current owners of the club have approached the court to challenge the earlier bid.
According to Lims the proposal presented by him represents a total of three hundred and sixty million pounds, which includes forty million pounds to acquire new players for the team. Lims also expressed that his offer is entirely in cash.
It is to be remembered that the current American owners of the Liverpool football club, Tom Hicks and George Gillett have approached the court to oppose the team’s purchase by the New England Sports Ventures (NESV). NESV also owns the Red Sox baseball team.
According to the lawyers of Hicks and Gillett, the duo is not opposing the sale of the football club but they are against the procedure by which the deal was being done. Their lawyer added that according to Hicks and Gillett the earlier deal was disrupting the reputation of the club and there were some superior offers as well. According to the present owners the bid put by NESV is not enough.
The Liverpool board which is managed and administrated by Martin Broughton agreed to accept the bid placed by the NESV. It is also to be remembered that the bid by New England Sports Ventures group to acquire the club was of three hundred million pounds. The club was bought by Hicks and Gillett for two hundred and nineteen million pounds in the year 2007. The offer made by the NESV would certainly give them a loss of almost one hundred and thirty million dollars.
Currently the club is in serious debt of three hundred and seventy seven million US dollars. Now the Americans are in serious stress because if they win the current case at court, they will have to pay the loan to the Bank by Friday and which seems not at possible for them.
A statement was released by the NESV last week, which announced that NESV will clear all the debts of the club and will try its level best to bring stability. It also stated that the NESV will fulfil all the required financial needs of the Liverpool football club.
Currently the American owners of the club have dismissed two members of the governing board, which are the managing director and marketing director, Christian Purslow and Ian Ayre, appointing his son Mack and his business partner Lori McCutcheon on their designations.
Now it is over the result of the Tuesday’s court hearing that the sale of the club will take place or not. It is also to be noticed that the Premier League has already confirmed that the tender suits its ownership regulations.
The current situation of the Liverpool club regarding the issues of its sale is frustrating for the fans of the club as well. On Tuesday some fans protested against the American duo, in front of the high court. John Foley, a fan of Liverpool expressed his thoughts very bluntly and told the media that he is totally against Hicks and Gillett and wants them to hand over their ownership as soon as possible.
Now if the deal does not progress the Americans will have to pay all the loans by Friday, as they cannot extend the deadline now.
Peter Lim said on Tuesday that his offer will remove all the debts and fulfil all the financial requirements of the club in no time. He said that the Liverpool’s football club’s history is very glorious and he respects the club. He added that he is very keen to rebuild the club and make it strong and glorious like never before. Lim said that the Liverpool Football club has lost its passion, and he will try his level best to recapture its long lost prime.
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