LFC Talk

Potential investors still put off by price by lfctalk
March 10, 2009, 16:46
Filed under: News

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A group of investors including a member of Kuwait’s al-Kharafi family could be set to renew interest in a bid for Liverpool FC if the asking price is lowered by the club’s current owners – Tom Hicks and George Gillett.

Earlier this year the pair were in talks to sell the club for £500m, including debt to the group of Kuwaiti and non-Kuwaiti investors.

Refad al-Kharafi has told Reuters that his investor group could be interested if the owners were willing to negotiate their valuation, but “it remained a group decision”.

“This is a good opportunity if the price is right…if they changed the price, probably investors will be interested,” Kharafi said yesterday.

The original negotiations broke down as the price was “not realistic today” given the global economic downturn and credit crunch, he said.

“Last time we talked with them was at the end of January. Their price did not change til today. It’s not reasonable,” he said.

No other names were mentioned.


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