Liverpool snub £73m offer

Last updated : 14 May 2004 By Kevin Smith
A board meeting was held yesterday to discuss the offer from Morgan and it was decided that they would reject the offer, while still considering a rival bid from Thai Prime Minister Thaksin Shinawatra.

A statement from the club read: "Liverpool Football Club confirms that it has received two indicative proposals for investment in the club, the Thai Investment Proposal and the Bridgemere Proposal backed by Mr Steve Morgan.

"The board of Liverpool Football Club have met with their financial advisors, Hawkpoint Partners, to consider these proposals.

"The board note that the Bridgemere Proposal, at £1.750 per share, implies a current value of £61million for the entire club, which is a substantial discount to the value placed on the club by the board.

"The board have therefore concluded that the Bridgemere Proposal as currently constituted is not attractive.

"They intend to discuss their response to both these proposals with the respective parties."

What do you think about the bids?