Soccer club Liverpool has dismissed property investor Steve Morgan's proposal to invest £73m in the club as 'unattractive'. Liverpool said Morgan's valuation of the Anfield outfit did not reflect that of the board's.
The Thai Prime Minister Thaksin Shinawara is also bidding for the club.
In a statement today Liverpool acknowledged that the club had received two bids and it had met its financial advisors to consider the proposals. It said that Morgan's bid, at £1.75 per share, implied a current value of £61m for the entire club, 'which is a substantial discount to the value placed on the club by the board'.
