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Monday, October 11, 2010

Singapore Billionaire Bid For Liverpool

A Singapore billionaire is set to out-bid NESV who have had a bid accepted by Liverpool and the Premier League to buy the club.

The business man in question, Peter Lim has said that all of they money spent on Liverpool; buying the club, paying their debt, and giving Roy Hodgson money to invest in the team, will come from his own money, and so will not force the club into any more debt - which has played a big part in the fall from grace thanks to the current American owners.

He is offering to give Roy Hodgson tens of millions of pounds to spend on the team in the upcoming January transfer window. Not only that, but even if Liverpool do go into administration, Lim is still prepared to buy the club - unlike NESV.

Robert Peston of the BBC reports that Lim was told just just hours before NESV's bid was accepted, that he had not won control of Liverpool. He was apparently shocked because he was sure that his bid would be accepted, and will now make an improved bid in an effort to win the club.

Mr Lim has an estimated net worth of $1.6bn (£1bn), according to Forbes Magazineand he made his fortune in fashion, logistics and agri-business.
His interest in English football stems from his ownership of several Manchester United themed bars in Asia - which have persuaded him that there is huge global potential for making money from top-flight English football.

He seems like the perfect owner for Liverpool - a big change from their dreadul owners Tom Hick and George Gillet.

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