Peter Lim makes improved £360m Liverpool offer, ‘entirely in cash’, including £40m for players

Peter Lim, would-be buyer of Liverpool, has just had the statement below released on his behalf. This does not mean Lim can automatically gazump the NESV bid to buy Liverpool. It does give Liverpool options if the court case(s) go against RBS / Liverpool.

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STATEMENT STARTS

Singapore businessman, Peter Lim, today lodged an increased offer for Liverpool Football Club with the Chairman of the Board of Kop Football (Holdings) Ltd, Martin Broughton.

The proposal represents a total investment of £360m. The offer values the Club at £320m. A further £40m will be made available to purchase new players.

Like the previous offer tabled by Mr Lim, the new offer is entirely in cash and will remove the entire acquisition debt of £200m taken on by the existing owners that has cast uncertainty over the Club’s future.

The new offer also includes a cash investment of £120m. Of this:

    * £40m cash is to be allotted specifically to fund player purchases during the upcoming transfer window as the immediate priority is to ensure that the squad is strengthened for the remainder of the season.
    * The balance of £80m will pay off all the Club’s bank debt, the fees and interest accruing on the bank debt, and provide additional working capital for the Club.

Mr Lim is not obtaining any financing for the offer and the funding comes from his own cash resources.

Commenting on his increased offer, Peter Lim 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”.

About Peter Lim – - – [NB this is still within the statement]

Mr. Lim, 57, is a Singaporean businessman with extensive interests in a range of industries including agribusiness, fashion, logistics, food and beverage and healthcare.

Mr. Lim is a keen supporter of sports, having recently donated S$10 million to the Singapore Olympics Foundation for sports scholarships that will provide promising young athletes a chance to pursue excellence, especially for students and athletes from poor families.

Son of a fishmonger, Mr. Lim is a self-made man who worked his way through school -  as a cabbie, waiter and cook – and these humble beginnings have motivated him to help others in need. His philanthropic endeavours focus on sports, the elderly and education. He has committed to fund, for several years, scholarships for bright and needy students as well as financial assistance to schools, which help youth-at-risk.

Mr. Lim is a passionate football fan. He is married with two teenage children.

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STATEMENT ENDS

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The statement coincides with RBS’s High Court challenge to Tom Hicks and George Gillett, which is in progress today.

Peter Lim Liverpool

The desperate search for the identity of the bidder from Asia, after which purchase the New England Sports Ventures (Nesve) to seal a deal in the race to Liverpool, ended yesterday with the report by Robert Peston on the BBC over this morning.

Peston reveals the mystery of man as Peter Lim, a businessman from Singapore, with a fortune that Forbes Asia to £ 1000000000 estimates. It is believed he was the trailblazer for Liverpool just before the club reached an agreement with Nesve 300 000 000 GBP announced.

The agreement is based on the results Nesve High Court action against RBS or Liverpool's current owners of the club, Tom Hicks and George Gillett conditional.

Here's an interesting tidbit for you. Peter Lim's interest in English football would be on the fact that it has several bars on the Manchester United theme in all of Asia, 14 of them are based, to be exact, according to a spokesperson, although they are not official United bar.

Peter Lim was also "surprised and disappointed" that he was not offered the opportunity to offer Nesve. He acknowledged, however, that if it is not possible, then it is not possible, "and understands that Nesve a legal agreement to buy with those of the Association if the dispute is positive for RBS.

Nesve slightly queer field of information - or information to allow their name - they could withdraw if Liverpool went into administration. This created a public perception that they are not as committed as they were originally published. The float has room for Lim to enter the fray, if only in terms of public relations.

understanding of the sport has also found that:

    * Peter Lim has opened negotiations with Liverpool than in the September 22
    * Even as Peter Lim Eng Hock is known, was the basis of its assets agro-industry, property and, more recently, retail, with a successful investment in early Willmar put them on the road to riches.
    * Lim was "King of the importer" for his reputation as a stock broker designated in accordance with profit.
    * Now 57, he retired from his work extremely profitable stock trading in the mid 90's, when he get a divorce in which he sought custody of his children, then four and two. Her daughter is now 18 and son is 16.
    * The procedure for divorce, his ex-wife Venus Teo Geok Fong, product pages for details talkative Singapore newspapers for days in the 1990s.
    * The divorce was obviously a big influence on his current life and prospects. In an interview recently, in 2007, said Lim... "Money is a funny thing, if you like it do not But if you have it, you have many problems I think if I had no money, I would not have had my divorce. Things would not be good, but it would not end in divorce. "
    * Lim also said: "This part of the money from me - I want out just because I was a part of my life I think a lot of evil."
    * Extends over philanthropy Lim SOF. This year he won the biggest prize in the history of defamation in Singapore, and doubled the cost Sing $ 220,000 he received to charity donations, and education.

    * Lim in Singapore, the eighth richest man with an estimated fortune of 1.6 billion euros. It is a major shareholder in Singapore listed Wilmar, the largest company in the world palm oil and Singapore fashion retailer FJ Benjamin Company.

According to a spokesman Lim is ready to make an improved offer and wrote a letter to the Board of Liverpool.