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The construction magnate Steve Morgan today stated that he has rejected his £50 million (approximately 258 million litas) offer to buy shares of the club. However, this statement could signal a long war over Liverpool club shares.
The initial offer to club owner D.Moore and his board may have been rejected due to differences of opinion on price, as well as Morgan's willingness to share the stadium with the club.
The former owner of Redrow Homes, S.Morgan's wealth amounts to £312 million. Additionally, he holds another £200 million in shares. S.Morgan is currently the third largest shareholder in Liverpool club, holding 5% of the shares. However, he wants to buy more for £50 million. If successful, he plans to build a new stadium for approximately £80 million near Stanley Park.
"Liverpool rejected my offer," states S.Morgan in his statement. "With this statement, we confirm our desire to acquire a portion of the club's shares. Now, we will await a response regarding the review of the strategic and financial proposal."
The current owner of Liverpool, D.Moore, has held the position since 1991. If fans perceive a barrier between new investors, his position as team manager could be greatly compromised in the eyes of the fans.
