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Small Post at 2004-8-31 04:06 AM
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Thai tycoon Paiboon Damrongchaitham says he has given Liverpool a detailed offer for a major stake in the English Premier League club and expects an answer by the end of September.
If the offer is accepted, the deal should be concluded by the end of this year, he said.
'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,' Paiboon told reporters on Monday.
He declined to give specifics, but said he had set up a holding company, Liverpool Thai Holding Co which he owned himself, to buy the stake.
'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.'
The Thai government offered around