Wednesday, March 29, 2006

Reds reveal takeover talks

Liverpool have confirmed they are in talks with investors about a possible takeover bid for the club.
The European champions have been seeking potential investment for some time as they look to fund plans to move away from Anfield.
Spanish tycoon Juan Villalonga is the latest name to be linked with gaining a financial interest in the club.
The likes of local businessman Steve Morgan, the Thailand government and American investors the Kraft group have all been credited with an interest in investing in Liverpool, but no deal came to fruition.
However, the club have now confirmed that they have held talks with a number of investors which could lead to an offer for the club.
"The board of Liverpool FC has noted the recent press speculation concerning possible third-party investment into the club and can confirm that it is continuing discussions with a number of parties regarding a potential investment of new funds into the club," read a club statement.
"Although the structure of any such investment is uncertain, it may include an offer for the entire share capital of the club.
"Shareholders will be kept updated as appropriate." Current Liverpool chairman David Moores has a 51 percent stake in the club and it is believed he is ready to sell his stake so that new funds can be made available.