John W. Henry buys over Liverpool but he faces a £1billion damages claim from the previous owners. Why?

Liverpool takeover completed amid chaos

Peter Lim got another front page news in ST paper again. So Close, and in his times, he won many, after this time, he lost. Many questions remain ?. he approached this deal purely on the basic as a businessman

13-Oct-2010 09:11 - Throw $$$ into the sea  of Red..! wiseful thinking on their part.
Buying a debt riddle team at a premier price. Where got make alot of money ?, unless in this venture, on top, players will have to perform in top flight. (One leg stepping into two boats)

12-Oct-2010 16:58 - Why buy liverpool ?. Can buy up into his Rowsley and venture into Sport.

Local fans question why S'pore billionaire 'Why's a Man U fan trying to buy Liverpool?'

The story has since fizzled out after Lim withdrew his audacious bid late on Thursday. Explaining his decision, he said that the Liverpool board and its creditors Royal Bank of Scotland ”have chosen not to respond or to discuss my offer with me.”

Reaction in Singapore was mixed, no thanks to doubts about where Lim’s loyalties. A Manchester United fan with business interests in a chain of Red Devils-themed restaurants and bars in Asia, questions came thick and fast for Lim. 

S$750 million cash-only bid to seize control of England’s most storied football team, Liverpool.

teeth53 - As businessman, may not gain much in from soccer, but related business - YES.

If successful, he has to consider giving up Man.U. business here, cannot one leg step on two boats

LONDON, Oct 14 - Singapore businessman Peter Lim withdrew his 320 million pounds offer to buy Liverpool Football Club on Thursday.

"It has become clear to me that the Board is intent on selling the club to New England Sports Ventures to the exclusion of all other parties, regardless of the merits of their bids," Lim said in a statement.

teeth53 - Well...Punters may give his counter a miss for a while for abandoning his babe.

Not for long, only temporary. See what i mean...well..all is not lost, he got his 24 hrs of fame

If he, himself and his partners can save d lossess, unless wanted for personnal reasons..! 

http://soccernet.espn.go.com/news/story?id=831953&sec=england&cc=4716

By ESPNsoccernet staff

October 13, 2010

The High Court has ruled in favour of Royal Bank of Scotland and against co-owners Tom Hicks and George Gillett in the case that will be decisive in determining Liverpool's future.

The decision will be welcomed by Liverpool supporters as it paves the way for the takeover agreed by the Liverpool board with New England Sports Ventures (NESV) to go through as planned.

Richard Snowden QC, acting for RBS, on Tuesday accused the two American owners of "breathtaking arrogance" as the bank claimed the pair contradicted the rules of a sales agreement when trying to remove commercial director Ian Ayre and managing director Christian Purslow from the board last week. Ayre and Purslow had joined chairman Martin Broughton in voting to approve the sale of the club to NESV.

Hicks and Gillett admitted the sales agreement was breached but argued they were forced to take that course of action because a "sub-committee" of the board excluded them from the sales agreement and did not consider alternative offers for the club.

Mr Justice Floyd has now ruled in favour of RBS, meaning Ayre and Purslow will remain on the board and that the NESV takeover can be formally approved. Hicks and Gillett now stand to lose £144 million.

It is unclear at present whether Hicks and Gillett will appeal against the decision.