According to a report in the Irish Independent, ShareLiverpoolFC, supported by SoS are progressing with their hopes of buying the majority of the club.
ShareLiverpoolFC is planning to raise £10m by selling shares at £500 on a one-person-one-share basis, and an additional £140m through the sale of additional loan stock to the fans. Once the £150m has been raised, the support groups plan to use these funds to bid for a majority stake in the club in order to gain control, and seek a further £100m from a commercial partner.
The ambitious fans plan to exchange the remaining debt £100m by making it a convertible loan stock in the club, which the banks would buy over a 20-year period.
Ramez El Hajj