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'Pool set for due diligence

English Premier League soccer club Liverpool appears to have edged closer to a deal which secures a 30 percent stake in the club for Thai Prime Minister Thaksin Shinawatra.

According to reports, the club has agreed in principle to all aspects of the deal – with the due diligence process likely to get underway soon.

Should all be well, the deal should go ahead within two months – with the club agreeing to the Thai investors having two seats on the board.
Said Pongsak Raktapongpaisarn, another member of the Thai government: “The chance to buy is more than 90 percent.
"The Liverpool board will give us equal power of administration and decision-making in accordance with our ratio of the shares."