Lim withdraws Reds offer

Road clear for NESV to secure Liverpool takeover

Last updated: 14th October 2010   Subscribe to RSS Feed

Lim withdraws Reds offer

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Singapore billionaire Peter Lim has withdrawn his interest in gaining control of Liverpool.

Lim made his bid for the Liverpool public this week just as the club were entering a High Court Case against current owners Tom Hicks and George Gillett.

Liverpool agreed a sale with prospective buyers New England Sports Ventures, but Lim trumped their £300million offer by tabling £320million with an extra £40million on top for Roy Hodgson to spend on players in the January transfer window.

The ownership of Liverpool is up in the air with the proposed £300million deal with NESV delayed on Wednesday after Hicks and Gillett gained an injunction in a Texas court to stop the sale of the Anfield outfit.

Hicks and Gillett won the restraining order after the High Court in London ruled the American duo could not prevent a change of ownership.

No response

Lim has now left the path clear for NESV to secure control of Liverpool if they overturn the injunction after revealing Liverpool's board and RBS bank have "chosen not to respond or to discuss" his offer for the club.

"It has become clear to me that the Board is intent on selling the club to New England Sports Ventures (NESV) to the exclusion of all other parties, regardless of the merits of their bids," Lim said in a statement.

"In these circumstances, I am not able to proceed with my intention to acquire the club.

"I have tried to engage constructively with the board and Royal Bank of Scotland based on an offer, funded from my existing resources, providing greater value for Liverpool Football Club, more cash for players, full repayment of all bank debts and a long term personal commitment to build a better future for the Club and its supporters.

"The board and RBS have chosen not to respond or to discuss my offer with me. My representatives even offered to meet the board last night. This was ignored, although NESV was invited to attend that meeting."

Lim said his interest in buying Liverpool could be revived if "current events cause the circumstances to change".

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