Billionaire Peter Lim makes another bid for Liverpool

According to the BBC, billionaire Peter Lim, who was the runner-up in the original bidding, is to approach the Anfield board to make a higher offer for the club.

Sources close to Mr Lim have indicated he was Liverpool’s preferred choice in the closing stages of the auctions.

Allegedly, Mr Lim was so confident with his proposals, he had talks with Martin Broughton on the best way to announce his takeover. The Singaporian businessman's offer was similar to the bid by John Henry’s New England Sport Ventures (NESV), and would pay off all of Liverpool’s outstanding debt and offer £40million of working capital.

Unlike Liverpool’s current owners, Mr Lim was also planning to finance his takeover with his own money, and not rely on loans from banks.

Besides the glittering prospect of a debt-free club, Lim was planning to provide Liverpool manager Roy Hodgson with substantial funds to spend on improving the team.

Liverpool are in the bottom three in the Premier League and have been overshadowed by takeover talks for the whole of the current campaign, and much of last season.

According to Mr Lim’s sources, the Anfield board were concerned by NESV’s intentions to borrow some of the money to finance their deal, fearing the club would not actually be free of the financial restrictions they’re experiencing under George Gillett and Tom Hick’s current steerage.

NESV have promised they will not saddle any debt on to the club. Even so, Mr Lim is keeping an eye on the ownership court case on Tuesday.