If Liverpool’s American owners think they have more than doubled the value of the club in their troubled tenure they need to get back in to the real world.
With deadline day beginning to loom for repayment of their extravagant loans, as well as reporting day due for the club’s company accounts, placing a price tag of £500 M on a club that was bought for £200 M a couple of years back seems a little bit silly.
Speaking to financial media outlet Bloomberg, Abdulla Al-Sager – a spokesman for the potential Kuwaiti buyers said negotiations were “going really badly”.
He says the £500million value put on the club by American businessmen Tom Hicks and George Gillett is too high.
Al-Sager, one of the possible investors in the consortium headed by Kuwait’s Al-Kharafi family, told Bloomberg:
“Things are going really badly, because they are asking for too much.
“I don’t think anything will happen unless we get a better price.”
Hicks and Gillett have until July to refinance their £350 million Liverpool debt.