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Last Updated: Friday, 3 December, 2004, 09:01 GMT
Morgan pleads for Liverpool power
Building tycoon Steve Morgan
Tycoon Steve Morgan has pleaded with Liverpool's board to accept his 70m bid to take control at Anfield.

Chairman David Moores is considering his future after a stormy annual general meeting and admits he is weighing up Morgan's offer.

Morgan, a critic of Moores, said: "I am here with an offer and they can have money in the bank by Christmas.

"Rafael Benitez can have funds and there will be finance to build a new stadium. Please accept my offer."

Morgan, who is Liverpool's third largest shareholder, has been attempting to plough money into the club for several years and made an official offer last May.

He revealed he was close to succeeding a few months ago until he investigated Liverpool's finances.

It is believed the cost for Liverpool's proposed new stadium at Stanley Park has now risen from 80m to 115m.

Morgan told shareholders: "My first offer was to invest 70m in the club, which was turned down.

"At one stage we had pretty much agreed a deal but what I found out after due diligence was very different to what I was told before."

And he told the club's directors: "Please tell the truth about the figures for the stadium. You must come clean about what the costs really are.

"If this room knew half the things from the investigation I undertook they would be appalled, and understand why I revised my offer."

Morgan's wife Didy joined the attack on Liverpool's hierarachy, saying: "My husband has spent nearly 300,000 on legal fees trying to put money into Liverpool Football Club.

"The response hasn't been slow, it has been intolerable. It seems a deal would be done with the devil himself rather than with Mr Morgan."

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