Monday, March 15, 2010

Rhone Group Lodge Takeover Bid Of Liverpool

Liverpool have been subject to a takeover bid from the Rhone Group to dilute Tom Hicks and George Gillett's ownership at Anfield, according to the News of the World.

The New York-based private equity firm has reportedly set the ball rolling by lodging a £100 million bid in exchange for a 40 per cent stake in the club steeped in history.

This would see the controlling share pass on to billionaire financiers Robert Agostinelli and Steven Langman, as current owners Hicks and Gillett would be left with 30 per cent each.

It is believed that should the proposed deal reach fruition, the debt with the Royal Bank of Scotland would be repaid, and work would begin on the Reds' new stadium which is estimated to be worth about £350 million at Stanley Park.

Also, it is claimed that there will also be a substantial investment made in the transfer market during the summer, following the club's indifferent fortunes this term.

However, manager Rafael Benitez may not be the man to dabble in the funds, as he is reportedly pondering over quitting his job with one eye cast on Real Madrid after the Spanish capital club was ousted in the Champions League.

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