English Premiership
Liverpool snub £110m bid
2010-04-07 10:24
Liverpool - Liverpool are understood to have rejected a £110 million bid by the Rhone Group which would have seen the New York-based investment fund take a 40 percent controlling stake in the English Premiership club.
The UK press reported on Tuesday that the Monday deadline given by the fund passed with no positive response from the Anfield club. The proposal is thought to have been scuppered by the amount of control the group wanted to exercise for their stake in the club.
According to the SportBusiness website, Rhone are now thought to have withdrawn their offer, although may be prepared to reopen talks later should Liverpool approach them.
Liverpool creditors Royal Bank of Scotland have demanded that the club finds £100 million from new investors to be able to refinance its £237 million debts. The club now has three months to find the requisite investment.
At least two more potential investors are reported to be monitoring Liverpool’s situation but are likely to wait until the end of the season before making their move.
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