Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Rhone Group in 110m bid for Liverpool FC

Mon 15th Mar 2010 | Clubs Ownership

It is understood that Liverpool have received their first serious offer to buy into the club after it was revealed that they are ready to open talks with the Rhône Group, a New York based investment firm.

The group, headed by billionaires Steven Langman and Robert Agostinelli, are said to have been in talks with Liverpool FC over a proposed £110m investment. This would see them taking a 40% share in the club there by reducing Hicks and Gillett’s share holding to 30% each.

However, it’s understood that Hicks and Gillett would be reluctant to accept the offer after valuing the club at around £500m, but with the Royal Bank of Scotland, to which they owe £237 million, is demanding that this debt is cut by £100 million by July.

By contrast, there is talk of a £1.5bn offer for Manchester United from the Red Knights group of investors.

Liverpool, who were knocked out of the Champions League and are struggling in the Premier League are desperate for fresh investment. Rhône's proposal would also improve the club's credit-worthiness which could, in turn, lead to finance being secured to finally begin work on the long-awaited new stadium in Stanley Park.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Ossett Albion Takeover Brings Readymade Academy

Wed 13th Sep 2017 | Clubs Ownership

The founders and directors of Unita, a local based facilities management company, have taken the reigns at Ossett Albion in a move which sees the EVO-Stik North club inherit a ready-made football...

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...