More details of Lim's offer for Liverpool

12 October 2010 11:58
More detail have emerged of Singapore billionaire Peter Lim's offer for the club. The Sporting Intelligence website has reported the following details of Lim's revised bid for Liverpool Football Club: The proposal represents a total investment of £360m. The offer values the Club at £320m. A further £40m will be made available to purchase new players. Like the previous offer tabled by Mr Lim, the new offer is entirely in cash and will remove the entire acquisition debt of £200m taken on by the existing owners that has cast uncertainty over the Club's future. The new offer also includes a cash investment of £120m. Of this: £40m cash is to be allotted specifically to fund player purchases during the upcoming transfer window as the immediate priority is to ensure that the squad is strengthened for the remainder of the season. The balance of £80m will pay off all the Club's bank debt, the fees and interest accruing on the bank debt, and provide additional working capital for the Club.

Source: FOOTYMAD