Rhone Group bid for Liverpool FC could lead to more offers

15 March 2010 07:55
Anfield 300[LNB]A FIRM bid to buy a major stake in Liverpool FC could lead to other offers from around the world arriving within weeks.[LNB]American co-owners Tom Hicks and George Gillett are now deciding whether to dilute their controversial ownership of the Reds after the club received a formal offer of more than £100m in fresh investment.[LNB]The offer - a strategic long-term plan put forward by the Rhone Group - is being seen as a £110m plus vote of confidence in Liverpool Football Club and its future.[LNB]If Hicks and Gillett do accept it would mean Liverpool's annual interest payments on the loan the pair placed on the club would reduce from more than £30m to around £15m per year.[LNB]The Rhone Group is a global private equity firm with bases in London, Paris and New York.[LNB]Fund executives have been in talks with the Reds for a number of weeks and have now put together an offer that would see them take a 40% stake in the club.[LNB]That offer was formally delivered in the very early hours of Saturday morning.

Source: Liverpool_Echo