Singaporean billionaire (and ‘Man Utd fan’) Peter Lim makes £320m bid for Liverpool

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Bid beats NESV’s by £20m

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A Singapore based billionaire reported to own a chain of Manchester United-themed bars in the Far East has put in a £320m cash bid for Liverpool, beating John Henry’s NESV offer by £20m.

57-year-old Peter Lim, owner of exclusive rights to a string of ‘Red Cafes’ in Asia, is also offering the ailing club a £40m transfer kitty up-front.

However, his transfer bid is almost certainly too late in the day to be successful as Liverpool chairman Martin Broughton has already signed a binding deal with Americans NESV.

Lim’s offer is only likely to be have a chance if the club enter administration, at which time the increased bid would have be considered, or NESV pull out of the deal.

In a statement earlier this afternoon, Lim said:

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.

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.