Premier League side Liverpool had priced themselves out of the market with 'outrageous' demands to appear in Hong Kong, a Football Association source said last night. The glamour team had asked for a US$1.5 million appearance fee, exclusive television rights and half the advertising revenue from a match, which would have been held at Hong Kong Stadium during the Reds' Asian tour in July. The HKFA was also expected to cover accommodation and airfares. 'This is outrageous,' said a source close to the HKFA. 'We all know Hong Kong, as well as other parts of the region, has been severely hit by the global financial meltdown, but Liverpool still want the world for their pre-season tour. 'They claim there are only two leading teams in the world who are able to attract fans in the region - Liverpool and Manchester United - and their match tickets are worth an average HK$800 per spectator in Hong Kong and so it would still be profitable for the organisers.' The demands are in sharp contrast to fellow Premier League side Tottenham Hotspur, who have agreed to come to Hong Kong to play South China on August 2. South China convenor Steven Lo Kit-sing believes he can stage that game for about HK$6 million. According to the source, the government was willing to reduce the charge for Hong Kong Stadium in order to make the Liverpool match a reality. 'The government wants to do something to stimulate the football market in Hong Kong and had agreed to fix the venue charge at HK$1 million,' he said. The normal charge is 20 per cent of the gate receipts, which would be much higher than the HK$1 million fee, if there was a full house. Former Liverpool midfielder Steve McMahon, acting as an agent, had approached the HKFA about staging the match against the Hong Kong international team, but McMahon was warned losses would be inevitable unless the demands were more realistic. 'I don't think fans in Hong Kong would be willing to pay an average of HK$800 to watch the match, not even HK$500 in these difficult times,' said the source. 'Although the HKFA is eager to hold the match, as it would be a good opportunity for the Hong Kong team to prepare for the East Asian championships in August, it's virtually impossible to satisfy Liverpool's demands.' The HKFA, the source said, would only charge the agent HK$1.6 million as the organising fee, which includes preparing the Hong Kong team, as well as printing tickets, security and miscellaneous expenses. South China's Lo said his side's match against Spurs would have a maximum ticket price of just HK$250. The source said the HKFA had given McMahon until the end of the week to reach a deal. Liverpool will play matches in Thailand and Singapore on July 22 and July 26 respectively.