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Singapore billionaire offers £320 mn to buy Liverpool

Peter Lim said his offer would pay off the acquisition debt of the current owners and also free Liverpool of its bank liabilities.

Written by Agencies | Singapore | October 13, 2010 12:53:46 pm

A Singapore billionaire has made a whopping 320 million pounds offer to buy English Premier League football club Liverpool,a media report said.

Peter Lim said his offer would pay off the acquisition debt that current owners Tom Hicks and George Gillet incurred to buy the club and also free Liverpool of its bank liabilities.

He improved his original bid,believed to be of 300 million pounds.

“I am committed to rebuild the club so that it can regain its position at the pinnacle of English and European football,where it truly belongs. This is why I have stepped forward with this offer,” Lim was quoted as saying by ‘The Straits Times’.

Fifty seven-year-old Lim,engaged in agro-business and fashion,said the money was immediately available if the Liverpool board accepts his offer. He has also promised manager Roy Hodgson an initial transfer chest of 40 million pounds to buy new players.

Lim’s is not the only group trying to buy Liverpool.Boston group New England Sports Ventures and US hedge fund,Mills Financial,are also bidding to secure the club,England¿s top football club with a global following.

A British High Court will today rule in an ownership dispute over whether the board has the right to sell Liverpool,one of the world’s most famous sporting institutions.

Lim,the son of a fishmonger,made his fortune from investments in strategic companies in 1980s and 1990s. ‘Forbes’ magazine estimated his wealth has reached USD 1.6 billion.

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