Source: Liverpool_Echo
Liverpool FC sale continues despite emergence of second bidder Peter Lim
High Court[LNB]LIVERPOOL FC'S board will proceed with a sale to New England Sports Ventures despite the prospect of a rival bid from a Singapore billionaire.[LNB]Peter Lim emerged as a possible bidder for the club today as lawyers prepared for an historic fight over Liverpool's future at London's High Court.[LNB]Self-made billionaire Lim is understood to be preparing a second bid for LFC after he lost out by the narrowest of margins to a £300m offer from New England Sports Ventures last week.[LNB]But the ECHO can reveal LFC believe they are too far down the road with Boston Red Sox owner John Henry and his NESV team to consider reopening the sale process at this time.[LNB] Lim's renewed interest could however become significant if the High Court rules in favour of current owners Tom Hicks and George Gillett in their bid to block the sale in the unprecedented case starting at 10.30am today.[LNB]The Reds' main creditor, Royal Bank of Scotland (RBS), is seeking to oust the club's American owners from Anfield in an application hearing in the Chancery Division at the Royal Courts of Justices.[LNB]As revealed exclusively on the ECHO website yesterday, this is NOT the declaratory judgement - which the Reds previously stated they were seeking - that the board acted validly by approving the £300m sale of the club to NESV.[LNB]Instead lawyers for RBS are arguing that Hicks and Gillett acted in breach of written undertakings agreed at the last refinancing round, in April.
