Lim uncertain about United investment

Singapore billionaire Peter Lim who tried to buy Liverpool FC last year has been approached to act as a cornerstone investor in a $1bn public offering by Manchester United, but has expressed doubts aboyt the valuation.   He has commercial links with United through an interest in a chain of themed restuarants and bars in Asia that are based on the club.

Singapore billionaire Peter Lim who tried to buy Liverpool FC last year has been approached to act as a cornerstone investor in a $1bn public offering by Manchester United, but has expressed doubts aboyt the valuation.   He has commercial links with United through an interest in a chain of themed restuarants and bars in Asia that are based on the club.


Mr Lim held talks in Singapore last month with United chief executive David Gill, although the club claim this meeting was exclusively about licensing issues.   However, he has let it be known that everything will depend on the valuation.  He thinks that the price looks ‘rich’ compared to independent valuatons.


Forbes said earlier this year that United was worth $1.86bn while the Red Knights value it at $1.6bn.  Mr Lim is thought to have talked to the Red Knights last year about latching on to their takeover attempt, but this came to nothing.


Manchester United is understood to have submitted its listing application to the Singapore Exchange in preliminary form, but further papers have to be delivered.