The Liverpool FC ownership saga has taken a twist after Singapore billionaire and Man United fan Peter Lim offered £320 million for the club.
Lim’s offer trumps the £300 million bid accepted by New England Sports Ventures last week with the Singapore businessman reportedly prepared to invest a further £40 million for player transfers.
However, representatives for New England Sports Ventures confirmed to ESPN they have already purchased the famous football club – subject to any High Court action.
Owners George Gillett and Tom Hicks are currently at the High Court where they are opposing the proposed sale of the club to New England Sports Ventures.
If RBS loses the court case with Hicks and Gillett then the door could open to Singapore businessman Lim.
In a statement the 57-year-old said: “I respect and admire Liverpool Football Club which is steeped in tradition and history. I am committed to rebuild the club so that it can soon regain its position at the pinnacle of English and European football, where it truly belongs.
According to Forbes, Lim had a net worth of $1.5 million in 2009 having made his money as a stockbroker before becoming a full-time investor. He is the seventh richest person in Singapore.
His offer would pay off the existing owners’ bank acquisition debt and also free the club of its own bank debt, removing the threat of administration.
Mr Lim continues: “I believe that if its massive debt burden can be removed, the club would be able to focus on improving its performance on the pitch.
“The club needs to strengthen its existing squad. As part of this offer, I will be injecting £40m in cash into the club for Roy Hodgson to bring in new players during the upcoming transfer window. Liverpool needs to start winning again!”
However, the prospect of a Manchester United fan taking over Liverpool is likely to cause uproar among many hardcore Reds supporters.