LFC in talks over huge money deal

Dec 3 2004 By Chris Bascombe & John Thompson, Liverpool Echo

LIVERPOOL Football Club today insisted it would not be hurried over a major new investment approach worth millions of pounds.

The approach from a mystery source was revealed last night at the club's highly-charged AGM.

Reds multi- millionaire shareholder Steve Morgan today urged Liverpool to seal the deal with the mystery new bidder - if it's in the best interests of the club.

After almost a year of turmoil and speculation over Liverpool's ownership and finances he said: "For the proud name of Liverpool Football Club this has to come to an end."

Chief executive Rick Parry today stressed Liverpool won't be rushed into a decision on the current proposals.

There has been speculation that the mystery backing comes from the Middle East or China but Mr Parry said: "We are working on it but we won't put a timescale on anything.

" We have several proposals to evaluate, and while we'd obviously like things to be resolved as soon as possible, it was never a question of trying to reach an agreement before the AGM. We will continue pursuing the different options."

Reds chairman David Moores agreed again to consider his own position last night and said he would have to make a decision soon.

Liverpool have stressed the new interest declared last night does not come from the L4 Group.

Steve Morgan, whose offer remains on the table, said today: "If this other offer is in the best interests of Liverpool FC and does bring wealth and more money then they should do that.

"I want Liverpool to be in the right hands.

"I happen to think I am the right hands for it but if there is someone else who can bring more to the party they should do it. But one thing they cannot do is drag it on.

"For the proud name of this club, and for its dignity, we should end this very quickly."

* For more on the club's AGM click here...