Liverpool in investment talks

by Tony Cuddihy , 14 March 2010

Liverpool are in talks with private equity firm The Rhone Group over a proposed Stg118.5 deal that would give the organisation a controlling interest in the club.


The package would secure the New York based group a 40pc stake in the club, with Tom Hicks and George Gillett reducing their own share of the club to 30pc each.

The Royal Bank of Scotland have told the club's two current owners that they must reduce the club's Stg237m debt by Stg100m this summer.

The club's chief executive Christian Purslow has been working to find new investors and said previously that he hoped to have a deal in place by Easter.

The Rhone Group's investment would reduce the debt of the club by half and make it a far more enticing prospect for other potential investors.

Details of the proposed deal were received by Liverpool on Saturday but have not yet been discussed at board level.

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