N billionaire Peter Lim relaunched his bid to buy Liverpool yesterday by making a second, improved offer of £320m for the Premier League club.
The bid is bigger than that of New England Sports Ventures, who have signed a deal with Liverpool’s board, pending legal challenges.
Lim’s proposal also comes with an extra £40m transfer fund for manager Roy Hodgson to spend on players – a move sure to please fans. But his bid will only have a chance of succeeding if Liverpool lose their battle in the High Court this morning to have the £300m sale to NESV ratified.
“If the board accepts this offer, the monies are available immediately thereby removing the threat of administration,” Lim said in a statement released as the court hearing began. “I am committed to rebuild the club so that it can soon regain its position at the pinnacle of English and European football.”