Macfarlanes advises latest bidder for Liverpool FC

Macfarlanes has been handed the mandate to act for the latest bidder to throw his hat into the ring in the battle for control of Liverpool Football Club.

The firm is acting for Singapore tycoon Peter Lim on what is reported to be an improved offer for the troubled Premier League club. Lim is also being advised by Singapore firm WongPartnership.

Last week, the Liverpool board accepted a £300m bid from New England Sport Ventures (NESV), the group that owns US baseball franchise the Boston Red Sox.

Shearman & Sterling European managing partner Creighton Condon is advising the US bidders and Weil Gotshal & Manges London head Mike Francies is acting for current owners Tom Hicks and George Gillett, while the club turned to Slaughter and May corporate partner Nigel Boardman (6 October 2010).

The new bid could affect today’s High Court hearing in which Hicks and Gillett are challenging the NESV bid, claiming that it undervalues the club (11 October 2010).

Slaughters has instructed One Essex Court silk Lord Grabiner QC on behalf of the club. Liverpool chairman Martin Broughton is using separate counsel in the shape of Monckton Chambers’ Paul Harris, instructed by Couchman Harrington partner Satish Khandke, while Serle Court’s Philip Marshall QC will respond to company law issues.

On behalf of Hicks and Gillett, Peters & Peters partners Jonathan Tickner and Keith Oliver have instructed Maitland Chambers silk Paul Girolami QC.