The founder of KPS yesterday offered to help save the stricken video chain and said it needed at least $54 million to 'turn the business around'. Garrie Roman, the company's founder who resigned late last year, said he had considered buying out KPS, but he did not have enough money. 'I did look at it very seriously - you have fantastically loyal staff who really want to get back to work, and there's support from the major studios in the US,' he said. 'Nothing that's happened is not reparable . . . it would take about US$7 million (HK$54 million) to US$10 million to turn the business around.' He said he would like to act as a consultant to any buyer. 'I would make myself available,' he said, adding that whoever took it over must redeem prepaid coupons bought by customers. He said the new owner would also need to set up a distribution company to ensure access to up-to-date titles. Mr Roman said consumers were now left with 'no alternative choice' except pirate movies. 'KPS filled a need in the marketplace, and the root cause of the problem is piracy. No one can get titles in faster than the pirates,' he said. 'Since KPS closed, the pirates are having a field day. The more that's confiscated, the more that's brought in. 'At this rate, no one's going to invest in an alternative legal operation - it's not financially viable because of piracy.' Meanwhile, KPS receivers Ernst & Young, appointed by Standard Chartered Bank which is owed more than $30 million by KPS, is expected to close tenders on Monday. The American-based mega-chain Blockbuster Video is a front-runner in the bidding process, with a Taiwan-based executive in the SAR for negotiations. Hongkong Telecom is rumoured to be interested.