Ganis defends Liverpool bid

Image: Liverpool bid continues

A key member of the Chinese group hoping to buy Liverpool has said any takeover would be in the club's interest.

Consortium won't fund American owners

A key member of the Chinese consortium bidding to buy Liverpool has defended their approach which he says is in the best interest of the club. Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said that any takeover would not enrich American co-owners Tom Hicks and George Gillett. Instead, he has implied that a significant amount of cash would be given to construct the long-delayed new stadium which will replace Anfield. He has also suggested that a large sum would be available to invest in new signings which would make a debt-free Liverpool major challengers in the upcoming campaign.

In the club's interest

Ganis said: "We haven't submitted a formal proposal but we submitted the broad parameters of what a proposal would look like to see if it would be welcomed, and it was. "What is not one of our goals is the enrichment of the existing owners. "If we submit a proposal and it is accepted, it would be focused on the future and not the past." Barclays has told potential bidders they will have to prove their financial status before any proposal is accepted. Current co-owner Hicks has said he wants a minimum $950million (£600m) for Liverpool whose known debt last stood at $375million (£237m). Ganis, though, said his consortium would not bid close to that sum, leaving the door open for other investors to pip them to the post.
Syrian businessman Yahya Kirdi looks a leading player with his consortium of investors from the Middle East and Canada who have claimed they are close to completing a takeover. "If anybody wants to (bid that sum), good luck," said Ganis, who is yet to reveal how much his group are willing to invest. "We know what we would be prepared to do. If somebody else wants to look at it in a different way, it's their money. That would be their business, not ours." Ganis has also moved to reassure current members of the management team. He said: "From what we have seen from afar, many of the people currently running Liverpool are doing a good job. "There shouldn't be an expectation there would be a mass upheaval if we submit and we are approved."

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