Source: Liverpool_Echo
Peter Lim submits increased £360m offer to buy Liverpool FC
SINGAPORE billionaire Peter Lim has submitted an increased offer for Liverpool Football Club for £360m.[LNB]Mr Lim's offer has been sent to chairman Martin Broughton today as a court is deciding whether he has the legal powers to force through a sale to New England Sports Venture. Liverpool FC has already stated it will honour the deal struck with New England Sports Ventures.[LNB]The proposal values the club at £320m.[LNB]In a statement today, Mr Lim - who narrowly lost out to NESV - said 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.[LNB] The new offer includes a cash investment of £120m - £40m for new players in the January transfer window and £80m to 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.[LNB]The offer also assumes that Mr Lim would take on £40m of liabilities, making the total offer worth £360m.
