Kirdi's group loses interest in Reds

05 October 2010 18:48
Syrian investor Yahya Kirdi says the group he represents have lost interest in Liverpool, adding there is no "logic" in the high asking price.[LNB] Canada-based Kirdi said the group he is representing has shelved plans to buy the Anfield club.[LNB]Owners Tom Hicks and George Gillett need to find a buyer before October 15 to repay their £282million loans to the Royal Bank of Scotland and Wachovia.[LNB]If they are unsuccessful then RBS are poised to take control of Liverpool, the asset against which the loans are secured, and sell the club themselves to recoup their cash.[LNB]Hicks and Gillett initially sought an asking price of around £800million for Liverpool, a figure that they subsequently dropped to £600million, but that has been too much for Kirdi.[LNB]Kirdi told Bloomberg: "Right now is not the time for me and my group to enter into any negotiations.[LNB]"Once everyone is united and there's logic in the price and the overall deal, me and my group will be prepared to return to the table."[LNB]There had been some doubts over whether Kirdi was a serious contender to buy Liverpool because he refused to name his backers and is a friend of Gillett's son Foster.[LNB]But he added: "I'm a serious man. I'm not playing but my group said they didn't want to go public because we haven't done the deal."[LNB]Liverpool are in desperate need of stability off the pitch after a terrible start to the season on it - they are currently in the bottom three of the Premier League after their worst league start for more than half a century.

Source: Team_Talk