Liverpool FC in talks with Investors for Takeover Bid
Liverpool Football Club announced they are in talks concerning a possible takeover of the club.
The Liverpool board have said they are in "continuing discussions with a number of parties regarding a potential investment of new funds" that "may include an offer for the entire share capital of the club".
Present chairman David Moores may sell part of his 51.5 per cent majority stake investment in the club for the right price.
The Liverpool board are looking for new investment in the club and are rumoured to be in negotiation with several possible investors and expect a share valuation in the region of £200 million.
Leading the way in the takeover bid is Spanish tycoon Juan Villalonga, who has been constantly linked to the club in the past few days. The Spaniard’s interest could certainly have been spiked by Liverpool’s success last year in the UEFA Champions League and also from the Spanish influence at the football club, which includes manager Rafa Benitez and star midfielders Xabi Alonso and Luis Garcia.
With a background in telecoms, Mr Villalonga is reported to have accepted a £14 million payoff when he left Spanish company Telefonica last year.
Liverpool FC have been searching for extra investment into the club for the past three years. Several well-documented takeover attempts have been rejected by the Liverpool board, including bids by Liverpool builder Steve Morgan and also a rumoured shares buyout by Thai Prime Minister Thaksin Shinawatra.
Central to any takeover bid would be a good new stadium plan, as Liverpool FC have been looking to move from Anfield for several years.
Date: 29.03.06
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