Thailand’s Stake in Liverpool Scrapped
By philip
The Prime Minister of Thailand has backed down on controversial plans to buy a 30% stake in Liverpool FC using state lottery funds. Thaksin Shinawatra planned to use $115 million deal for part of the cash strapped club as a way of encouraging Thai football, but was forced to back down following a volley of criticism that the money should be spent on the Thai people.

Following weeks of bargaining, Thailand’s offer had reportedly been approved by the Liverpool board, and was set to go ahead. Despite being a top Premier League Club, Liverpool have not won the league since 1990 and separately need money to buy new players and a bigger stadium.

Today’s developments represent a huge u-turn by Shinawatra who told journalists: “Taking money from the poor is not our aim,” Prime Minister Mr told reporters. “We have to scrap the lottery project.”

 
 
 
 
 
Online Casino News.com provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.