Confusion reigns over £100 Million Liverpool offer

Confusion reigns supreme over the alleged £100 Million investment offer from New York based Rhone Group.

The story doing the rounds at the moment is that they are offering £100 Million in direct investment which will see them gain a controlling stake in Liverpool.

Sky News however have reported that Hicks and Gillett have turned the offer down as undervaluing the club.

So the situation does need clarifying, have they made a bid and has it been turned down?

What is interesting is that most of the media that have reported on this alleged offer have also pointed out that other investors have also been putting forward offers and the general consensus is that the American owners are on their way out.

The stumbling block looks to be Hicks who according to reports does not want to sell and is blocking Gillett from selling by refusing to allow anyone a controlling interest thus making the 50% that Gillett wants to sell almost worthless if outright control does not come with it.

But Hicks hand may be forced if they cannot raise the £100 Million that they need to pay The Royal Bank of Scotland this summer.

It is very difficult to see how Hicks and Gillett can retain control with so many of us against them, failure on the field and the debt mountain increasing by the day.

FULL STORY HERE Just Liverpool News