Monday, October 11, 2010

Billionaire Lim Was Preferred Bidder Of RBS

Mr Lim is also prepared to buy Liverpool,
should it ultimately collapse into
administration under UK insolvency
According to sources close to him, he feels
that he may have been shut out because New
England made an offer to Royal Bank of
Scotland to pay some of the £40m penalty fees
the banks have demanded.
If that is the case, he believes Royal Bank may
have done a poor deal, because he would be
prepared to pay RBS and Wachovia more than
the £10m or so which New England Sports
Ventures is said to have put on the table.
"He never had a chance to negotiate directly
with Royal Bank [of Scotland]," said a source.
"He was expecting to do so, after agreeing the
takeover with the board."
Mr Lim has an estimated net worth of $1.6bn
(£1bn), according to Forbes Magazine.
He made his fortune in fashion, logistics and
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.
Meanwhile, Royal Bank of Scotland announced
on Monday afternoon that it had obtained an
injuction to prevent Liverpool owners Tom
Hicks and George Gillett from sacking Martin
Broughton or any other of the club's board
members ahead of Tuesday's court case.

No comments:

Post a Comment