Tuesday 31st August 2004 

NEW CASH INJECTION FOR REDS?

Thailand media tycoon Paiboon Damrongchaitham claims he has made an offer to invest in Liverpool.

Damrongchaitham, who is chairman of Thailand's largest music firm GMM Grammy, first made his interest in Liverpool known in June when he backed Thai Prime Minister Thaksin Shinawatra's bid to buy a stake in the Anfield club.

Shinawatra's interest in an investment deal fell through over his involvement in the club leaving the road clear for Damrongchaitham to pursue his interest in buying a 30 percent stake in Liverpool.

Damrongchaitham has set up a holding company to try and buy a stake in Liverpool and he is hoping to find out soon if his offer will be accepted.

"We have sent our proposal about rights and benefits to Liverpool. We expect to get some answer from them next month on whether there will be another discussion or not," said Paiboon.

"The price will be the same the Thai government proposed but the number of shares may be less or more. After the purchase, I will list shares of Liverpool Thai Holding on the Thai stock market."

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