Thai govt backs out of L'pool bid
ANN, Bangkok
The government of Thailand yesterday confirmed it had pulled out of the bid to buy a major stake in Liverpool, after Thailand's biggest entertainment company, GMM Grammy PCL, vowed to lead a private consortium to pursue the trouble-plagued deal with the popular English football club."The prime minister is giving up the idea to buy the Liverpool stake under the name of Thailand after the private sector has offered to do it in the name of a consortium," said the government's chief negotiator, Deputy Commerce Minister Pong-sak Ruktapongpisal. It was the most unequivocal statement from the Thaksin administration that it has ended its controversial efforts to own a 30 per cent stake in Liverpool, following public uproars and serious legal and constitutional dilemma over how to fund the deal. Grammy chairman Paiboon Damrongchaitham said yesterday the consortium could include "like-minded" partners as Samart Corporation and Siam Sport.
|
|
