Home Hunts Sandman Hotel Newcastle

Business Directory

Browse the Directory

Sign Up to the Directory

Sports CRM Summit 2012 FC Business Twitter FC business Linked in FC Business facebook FC Business Youtube

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.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Aldershot Town re-organise Boardroom Structure

Tue 31st Jan 2012 | Clubs Ownership

Aldershot Town chief executive, Peter Duffy has announced changes to the boardroom structure following the recent resignation of non-executive director Per Breimyr. Breimyr resigned due to his own...

TSI invest in Reading Football Club

Mon 23rd Jan 2012 | Clubs Ownership

Reading Football Club have announced they have agreed terms with Thames Sports Investment Ltd (TSI) to take a significant stake in the club. The agreement was announced on Friday (20 th ) by chairman...

Darlington in takeover talks with local consortium

Tue 3rd Jan 2012 | Clubs Ownership

Darlington Football Club are on the verge of a possible takeover by a consortium of local businessmen hoping to buy the town's football club before its current owner places it into administration....

Peter Ridsdale appointed Chairman of Preston North End

Tue 6th Dec 2011 | Clubs Ownership

Preston North End Football Club have announced that Peter Ridsdale has agreed to become full-time Chairman of Football. The former Chairman of Leeds United and Cardiff City has, over the last 12...