Wednesday, October 13, 2010

Lim Bid Set To Be Rejected

Experts are convinced Liverpool
will sell to NESV.
Financial expert David Buik of
BGC partners believes there is no
way Liverpool will not be sold to
Yesterday's improved bid from
Peter Lim had raised some
uncertainly over whether the
takeover process was as cut and
dried as it seemed.
But Buik believes Friday's
upcoming deadline for the
repayment of the RBS loan means
time is of the essence and there
is no time to carry out due
diligence on another offer.
Buik told Sky Sports News: "It is
done and dusted. Martin
Broughton has played a blinder,
he was an inspired appointment
by Barclays Capital to look after
their interest and RBS' interests.
"There has been plenty of time
for another predator to put their
money on the table. The club was
going cheap and he (Lim) has
put his money down slightly
better but it is far too late.
"They have to deal with this
matter. Liverpool cannot afford
to go into administration. This
deal has to be done, it has been
clean and the sooner it is done
the better.
"If there is anyone that could
realistically show an improved
amount of money, time is not on
their side. To do due diligence
and for everyone to be satisfied
with October 15 on the horizon
there is no chance (of any else
completing a takeover).
"There was only one winner of
this thing and that was RBS. They
are 83% government-owned,
they are not in a position to
allow a loan of that magnitude to
default. They can foreclose on
Liverpool but there is no chance
of that as they understand the
culture of the Liverpool people
and what they need is stability."

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