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News / Sports / National Sports

AP source: Goldman Sachs dropped bid for Liverpool

The Columbian
Published: April 14, 2010, 12:00am

LONDON (AP) — A person involved in the negotiations tells The Associated Press that Liverpool’s owners have missed out on a major investment from a consortium including Goldman Sachs and owners of two U.S. sports teams.

The person says Goldman Sachs, which was putting together the bid to buy all or part of the Premier League club, conducted due diligence with the bankers for co-owners Tom Hicks and George Gillett Jr. but then decided not to make the offer.

The person spoke Tuesday on condition of anonymity because the involvement of the parties was never announced.

The group would have included Goldman Sachs as an investor, as well as British and American institutional investors and an Asian real estate developer.

Hicks and Gillett are now hiring Barclays Capital to find a buyer.

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AP Sports Writer Ronald Blum in New York contributed to this report.

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