New US bid for Reds set to fail

Liverpool bid unlikely to be accepted

Last updated: 14th March 2010   Subscribe to RSS Feed

New US bid for Reds set to fail

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Sky Sports News understands that a proposed £100million investment in Liverpool, is unlikely to go ahead.

Reports suggest that private US equity firm - Rhone Group - were set to seal a deal to invest in Anfield.

It is claimed that Rhone Group wanted to take a 40 per cent stake in the club - reducing the holdings of current joint owners George Gillett and Tom Hicks.

But Sky Sports News has been told that the offer is unlikely to go ahead and should not be taken too seriously by Liverpool fans.

The deal has been described as a 'non-significant' offer, although it was confirmed that talks had taken place.

It is understood that Reds chief executive Christian Purslow has been working to find outside investors and previously stated he wanted to secure a deal by Easter.

However, the offer from the Rhone Group - which is the first real positive result of Purslow's wide-ranging search - and potentially could have slashed the club's debt by half, looks set to be rejected.

The Rhone Group was founded in 1995, has its headquarters in New York with other offices in London and Paris and describes itself as "one of the world's leading mid-market private equity firms".