Today Morgan came back with a £73m offer. This would be spilt into two elements. The first would be a £61m new share issue, the second would be another £12m of shares issued for supporters to buy.
Morgan's new offer would allow David Moores to buy some of the shares, something that wasn't on offer in his original bid. This would allow David Moores to stay in charge at Anfield but would allow Steve Morgan to gain a place on the board.