Singapore billionaire Peter Lim has increased his bid for Liverpool Football Club to £320 million .
"Like the previous offer tabled, the new offer is entirely in cash and will remove the entire acquisition debt of £200 million taken on by the existing owners that has cast uncertainty over the club''s future," Lim said in a statement issued via his spokeswoman.
He would also make a further £40 million ($63.5 million) available for the purchase of new players.
Lim, who made his fortune through stockbroking, is Singapore's eighth richest man with a fortune estimated at $1.6 billion, according to Forbes
His investments include large stakes in Wilmar, the world's largest palm oil firm, Singapore fashion retailer FJ Benjamin, and Healthway Medical, Singapore's largest network of private medical centres and clinics.
