Last updated : 31 August 2004 By editor
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.

The Thai government had earlier in the year offered around £67million for a 30 percent stake in Liverpool before Prime Minister Thaksin Shinawatra was forced to back out after fierce criticism of his plan to use public money.
Paiboon, the chairman of Thailand's biggest music company GMM Grammy, took over the negotiations, saying he was leading a group of private investors.