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.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.The proposal values the club at £320m.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. 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.The offer also assumes that Mr Lim would take on £40m of liabilities, making the total offer worth £360m.