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Liverpool FC set for investment talks with Rhône Group

by Richard Buxton. Published Mon 15 Mar 2010 07:22, last updated: 15/03/10
Liverpool FC owners George Gillett and Tom Hicks
Liverpool FC owners George Gillett and Tom Hicks

Liverpool are expected to hold talks with a New York-based consortium in the next few days as part of a bid to secure fresh investment and reduce debts owed to the Royal Bank of Scotland.

Private equity firm the Rhône Group tabled an offer of £118 million to Reds' owners George Gillett and Tom Hicks on Saturday for a reported 40% stake in the club, but sources close to the Texan claim that the bid is less than substantial for a share of that proportion.

If accepted, the offer would reduce the £237 million debt the Anfield club currently owe RBS and tie in with the Easter deadline set by chief executive Christian Purslow to secure fresh investment in a bid to reduce the deficit placed upon the club by Kop Football Limited.

Rhône's investment would also reduce Liverpool's interest payments, believed to stand at £30 million per annum, and improve their chances of securing lenders to restart building work on a proposed new stadium in Stanley Park.

The group, founded in 1995, are Steven Langman and Robert Agostinelli and known in private equity circles for their involvement in leveraged buyouts, however Rhône have been keen to stress to fans that they are not short-term opportunists.

News of potential investment comes after Fernando Torres issued an ultimatum in the Spanish press last weekend, insisting that he would reconsider his future at the club if they did not sign up to five quality players in the summer transfer window following a dismal campaign.

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"Do we really want more Yanks involved in club, Hicks and Gillet need to do the decent thing and sell all shares" dean, cardiff around 5 years, 4 months ago

"This will also lead to some bigger investment parties to show their interest in liverpoolfc, common hicks and gillet sell the club, monsters" Ashok, India around 5 years, 4 months ago

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