Redrider wrote:At least we will not have to suffer from the club being represented by Morgan's wife, he probably would have given her a seat on the board.
Paul C wrote:Tycoon Steve Morgan has abandoned his £70m bid to take control of Liverpool.
His lawyer told the Liverpool Echo: "Steve has lost patience with the board using his offer as a stopgap while they look for a better one."
Morgan has been trying to invest in the club for several years and made his first official bid in May.
In August, a new deal was agreed in principle but it fell through after Morgan carried out business checks on Liverpool's finances.
Those investigations revealed the cost of their proposed new stadium had risen from £80m to £115m.
At the beginning of December, he told the club the offer was still on the table, and that a significant sum of money would be available for manager Rafael Benitez to buy players.
But on Tuesday, his lawyer said: "Mr Morgan is no longer prepared to be used as as stalking horse.
"Although his earlier offers were to invest all £70m directly into the club this was not acceptable to the chairman.
"Steve has had enough. He has got other things to do with his life."
Leonmc0708 wrote:Paul C wrote:Tycoon Steve Morgan has abandoned his £70m bid to take control of Liverpool.
His lawyer told the Liverpool Echo: "Steve has lost patience with the board using his offer as a stopgap while they look for a better one."
Morgan has been trying to invest in the club for several years and made his first official bid in May.
In August, a new deal was agreed in principle but it fell through after Morgan carried out business checks on Liverpool's finances.
Those investigations revealed the cost of their proposed new stadium had risen from £80m to £115m.
At the beginning of December, he told the club the offer was still on the table, and that a significant sum of money would be available for manager Rafael Benitez to buy players.
But on Tuesday, his lawyer said: "Mr Morgan is no longer prepared to be used as as stalking horse.
"Although his earlier offers were to invest all £70m directly into the club this was not acceptable to the chairman.
"Steve has had enough. He has got other things to do with his life."
GOOD RIDDANCE ! !
Leonmc0708 wrote:Paul C wrote:Tycoon Steve Morgan has abandoned his £70m bid to take control of Liverpool.
His lawyer told the Liverpool Echo: "Steve has lost patience with the board using his offer as a stopgap while they look for a better one."
Morgan has been trying to invest in the club for several years and made his first official bid in May.
In August, a new deal was agreed in principle but it fell through after Morgan carried out business checks on Liverpool's finances.
Those investigations revealed the cost of their proposed new stadium had risen from £80m to £115m.
At the beginning of December, he told the club the offer was still on the table, and that a significant sum of money would be available for manager Rafael Benitez to buy players.
But on Tuesday, his lawyer said: "Mr Morgan is no longer prepared to be used as as stalking horse.
"Although his earlier offers were to invest all £70m directly into the club this was not acceptable to the chairman.
"Steve has had enough. He has got other things to do with his life."
GOOD RIDDANCE ! !
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