Rhone Group in £110m bid for Liverpool FC
Mon 15th Mar 2010 | Clubs Ownership
It is understood that Liverpool have received their first serious offer to buy into the club after it was revealed that they are ready to open talks with the Rhône Group, a New York based investment firm.
The group, headed by billionaires Steven Langman and Robert Agostinelli, are said to have been in talks with Liverpool FC over a proposed £110m investment. This would see them taking a 40% share in the club there by reducing Hicks and Gillett’s share holding to 30% each.
However, it’s understood that Hicks and Gillett would be reluctant to accept the offer after valuing the club at around £500m, but with the Royal Bank of Scotland, to which they owe £237 million, is demanding that this debt is cut by £100 million by July.
By contrast, there is talk of a £1.5bn offer for Manchester United from the Red Knights group of investors.
Liverpool, who were knocked out of the Champions League and are struggling in the Premier League are desperate for fresh investment. Rhône's proposal would also improve the club's credit-worthiness which could, in turn, lead to finance being secured to finally begin work on the long-awaited new stadium in Stanley Park.
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