Singapore businessman Peter Lim has announced a fresh €370 million offer for Liverpool with a further €45m made available for transfers in January.
The billionaire initially lost out to New England Sports Ventures (NESV) in the bidding war to gain control of the club. While the John W. Henry-led consortium are in the High Court planning to force through the sale against current owners George Gillett & Tom Hicks' wishes, Lim has re-entered the race.
In a statement released to the media this afternoon, he 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.
"This is why I have stepped forward with this offer. 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.
"My offer pays off the existing owners’ bank acquisition debt and also frees the club of its own bank debt. If the Board accepts this offer, the monies are available immediately thereby removing the threat of administration.
"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!
"My offer provides a firm financial platform from which the club can rebuild. Given the manner in which the sale process has been handled, I feel Martin and the board owe it to me, to the club, and to the supporters, to consider my offer."
Lim's deal places an extra €23m on NESV's valuation and would similarly clear all its debt. The hope of an injection of cash into manager Roy Hodgson's kitty could add fresh uncertainty as the board could be forced to consider it.
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