As the case concerning Liverpool FC began in the High Court later this morning, Singapore billionaire Peter Lim trumped the New England Sport Ventures (NESV) offer for the club with a bid of £320m. However, Mill Financial, the hedge fund who now own George Gillett’s shares have made a bid that would pay off all debt and commit to spend £100m on the new stadium.
As the case concerning Liverpool FC began in the High Court later this morning, Singapore billionaire Peter Lim trumped the New England Sport Ventures (NESV) offer for the club with a bid of £320m. However, Mill Financial, the hedge fund who now own George Gillett’s shares have made a bid that would pay off all debt and commit to spend £100m on the new stadium.
An opening gambit by counsel for Hicks and Gillett was that the case should be heard next week. Philip Snowdon, representing Royal Bank of Scotland said this was ‘frankly, absurd.’ The case will resume after lunch, but it is unclear at this stage whether it will finish today or go to trial later in the week.