Thursday, October 14, 2010

Lim Withdraws Liverpool Bid After Snub

Singapore billionaire Peter Lim
has officially withdrawn his
interest in buying Liverpool.
Lim made a £320million with an
extra £40million for players,
against the backdrop of the High
Court case against current
owners Tom Hicks and George
Liverpool agreed a £300 million
sale with prospective buyers
New England Sports Ventures,
but Hicks and Gillett gained an
injunction in a Texas court to
stop the sale of the Anfield outfit.
Lim said in a statement that
Liverpool's board and RBS bank
have "chosen not to respond or
to discuss" his offer for the club.
"It has become clear to me that
the Board is intent on selling the
club to New England Sports
Ventures (NESV) to the exclusion
of all other parties, regardless of
the merits of their bids," Lim said
in a statement.
"In these circumstances, I am not
able to proceed with my
intention to acquire the club."
Liverpool's owners have been
accused of "outrageous"
behaviour by lawyers for RBS.
Richard Snowden QC, for the
bank, said the US court had also
allowed an injunction to stop RBS
exercising its right to recall its
"This is the most outrageous
abuse of process."

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