Lim released a statement which reads: "I have tried to engage constructively with the Board and RBS based on an Offer, funded from my existing resources, providing greater value for Liverpool Football Club, more cash for players, full repayment of all bank debts and a long term personal commitment to build a better future for the Club and its supporters.
"The Board and RBS have chosen not to respond or to discuss my Offer with me. My representatives even offered to meet the Board last night. This was ignored, although NESV was invited to attend that meeting.
"It has become clear to me that the Board is intent on selling the club to New England Sports Ventures (NESV) to the exclusion of all other parties, regardless of the merits of their bids. In these circumstances, I am not able to proceed with my intention to acquire the club.
"If current events cause the circumstances to change, my interest in acquiring the Club remains. I would however extend my very best wishes to Liverpool Football Club, the staff and players, and the fans, who really deserve better than this. I hope the Club now moves towards realising its potential and achieves success on the pitch."
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