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Sep 22, 2010

Purslow seeking right party for Liverpool

Liverpool managing director Christian Purslow says several parties are still looking at buying the club.

Purslow plays down financial fears

Liverpool co-owners Tom Hicks and George Gillett owe £237 million plus penalty fees to the Royal Bank of Scotland, and the duo have as yet been unable to find a suitable buyer for the club.

Hicks is attempting to secure funding to take control of the club but, with that plan facing massive opposition, Purslow says he will do everything in his power to ensure it ends up in the right hands.

"There are a small number of potentially-interested parties working seriously and privately, doing due diligence, looking at the business in detail from a financial and legal standpoint," Purslow said.

"My hope is that one of those steps forward with a proposal to buy the club which is attractive to the board and which would be good for the club.

"Do I know whether any of those parties are going to get over the finishing line? No. Can I make someone write a cheque? No. The single, most important, aspect of the possible sale of the club is to make sure that if we're going to sell the club we get the sale right. The only thing worse than no sale is the wrong sale.

"I will not make the mistake of sanctioning any transaction that puts the club in a worse position. I know the questions to ask."

Purslow has also reassured Roy Hodgson that he will be allowed to spend any money raised from player sales.

Liverpool sold a number of players this summer, and Hodgson revealed this month that he did not know whether he would be able to reinvest the full proceeds of Javier Mascherano's move to Barcelona.

However, despite the club's debt, Purslow insists that money has been ring-fenced for new recruits.

"Every single penny we generate from selling footballers goes back into buying footballers," he told LFC TV. "I wouldn't have it any other way and I wouldn't have taken the job to oversee selling footballers to pay banks or owners money.

"We never have in my time here and we never will as long as I am here. If Roy continues to see a new striker as a priority then that's what he'll work on doing in January with the total support of the club and with every penny we have available."

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