Singapore trader takes Liverpool bid to £320mn
SINGAPORE: Who will buy the Liverpool and will its present owners let it to be sold? The discussions and buzz in the media continued on Tuesday about the matter and has taken into its grasp a huge number of club’s fans.
New bids are being put forth by the wealthy Mr. Peter Lim, an individual who converted himself into a successful businessmen and billionaire.
The Singaporean based Peter Lim Eng Hock, 57, has renewed his bid and now put forth an offer of 320 million pounds to buy Liverpool Football Club, the offer tops the rival bidders New England Sports Ventures (NESV) offer.
Lim, Forbes Magazine declared Singapore’s 8th richest man with a fortune estimated at $1.6 billion, has also announced to provide the club’s manager Roy Hodgson another 40 million pounds for the purchase of new players.
Lim apprising the media about his offer said that his cash offer which is solely funded by his own wealth would also cover the club’s debts that are currently estimated at 237 million pounds.
The rest would meet bank interest and 40 million pounds for working capital and other liabilities.
The 57-year old while commenting about the matter said that his offer truly provides a firm financial platform which can genuinely help the club to rebuild itself adding that given the manner in which the sale process is being handled he feels that Liverpool chairman Martin Broughton and the board owes him, to the club, and to the supporters, to consider his offer.
The offer had been revised after an earlier bid of 300 million pounds, was lodged with Broughton. It comes amidst a battle in London’s High Court which is being fought to decide that whether the club’s much-hated American owners Tom Hicks and George Gillett can block the club’s sale to NESV.
The club’s independent directors led by their chairman Broughton had earlier agreed to sell the club to NESV for 300 million pounds.
The 320 million pound bidder Lim, 57, is a sports fanatic who is better known for his links to the famous Manchester United football club.
The man made his fortune through stock broking and owns interests in a range of industries including palm oil, fashion, logistics, food, beverage and healthcare.
Lim has major investment holdings in Wilmar International, world’s largest palm oil firm, and Singapore fashion retailer FJ Benjamin.
Lim, when asked about why is he in to buy the receding club, said that being a sports lover he is truly committed to rebuild his favorite football club so that it can soon regain its due position at the pinnacle of English and European football, where it truly belongs adding that this is the main reason why he has stepped into the brawl of buying the club.
Singapore, the city of 5.1 million people is soccer-mad, English Premier League is a huge event and programme on the cable TV and there are scores in fact numbers of Liverpool fans across the island.
Bitter rival of the Liverpool club, Manchester United is also extremely popular, and Lim has exclusive rights to own and operate a chain of Manchester United-themed restaurants and bars in Asia.
FJ Benjamin, Singapore’s fashion icon in which Lim is the second-largest major shareholder had previously operated the Manchester United Theatre of Dreams stores in the city-state. Lim’s brief profile know-how definitely shows how much he is in for the sport of Football.
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