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Future ownership of the Club

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Re: Future ownership of the Club
« Reply #240 on: Mon 02 Aug 10 23:38 GMT »

From later in the article BS quoted:
Quote
There had been suggestions that Huang would seek to acquire the debt from Liverpool's principal lender, Royal Bank of Scotland, in an effort to gain financial control over the club. However, Broughton insisted that is not the case.

"Any bids that go straight to RBS – and there have been several – come to me and are directed to Barcap," Broughton said. "RBS are not involved. The control remains with the board."
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Re: Future ownership of the Club
« Reply #241 on: Mon 02 Aug 10 23:47 GMT »

It's all gonna come to nothing  Nodding

 sad
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Re: Future ownership of the Club
« Reply #242 on: Tue 03 Aug 10 00:44 GMT »

It's all gonna come to nothing  Nodding

 sad

I just hope that we our transfers don't hit any snags due to this. Pretty pissed off that Masch is leaving and us not getting a striker yet.
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Re: Future ownership of the Club
« Reply #243 on: Tue 03 Aug 10 08:21 GMT »

It's all gonna come to nothing  Nodding

 sad

I just hope that we our transfers don't hit any snags due to this. Pretty pissed off that Masch is leaving and us not getting a striker yet.

I think all the signs point to any major transfers being unlikely regardless tbh. Fingers crossed something happens before the end of the transfer window.
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Re: Future ownership of the Club
« Reply #244 on: Tue 03 Aug 10 08:22 GMT »

Dont let me down now Commies  angry sulk
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Re: Future ownership of the Club
« Reply #245 on: Tue 03 Aug 10 09:13 GMT »

Aquaman, I liked that pic  lol Thumbs Up

I'll make a mustache out of my shaved bollock hair if we have six bids on the table. Pure delaying nonsense.
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Re: Future ownership of the Club
« Reply #246 on: Tue 03 Aug 10 16:34 GMT »

Cool. That is what I wanted to find out. Heard that there were 6 bids for the club...


sulk I spent at least an hour in work today thinking of relevant examples of debt being bought rather than the company and you go and accept it now
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Re: Future ownership of the Club
« Reply #247 on: Tue 03 Aug 10 16:35 GMT »

Tell us anyway Surprised
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Re: Future ownership of the Club
« Reply #248 on: Tue 03 Aug 10 16:46 GMT »

 sad too late now.
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Re: Future ownership of the Club
« Reply #249 on: Tue 03 Aug 10 16:56 GMT »

LL, I see your moving to the land of my birth smug

Good call, not that I remember fuck all of it. Moved to the UK when I was 3 or something.

Whereabouts you going?
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Re: Future ownership of the Club
« Reply #250 on: Tue 03 Aug 10 17:03 GMT »

Not even an actual English  SUPER PALM
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Re: Future ownership of the Club
« Reply #251 on: Tue 03 Aug 10 17:06 GMT »

Not even an actual English  SUPER PALM


Fuck yeah dirk

Bloody English and their stupid clothes, gammy weather and anti-social behaviour orders.
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Re: Future ownership of the Club
« Reply #252 on: Tue 03 Aug 10 17:15 GMT »

LL, I see your moving to the land of my birth smug

Good call, not that I remember fuck all of it. Moved to the UK when I was 3 or something.

Whereabouts you going?
No idea, leap/step of faith and all that, think a job will find me when I get that far  Surprised if not I'll become a mickey mouse professional footballer over there  sulk if it was any other country bar Aus or SA I could get back into rugby.
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Re: Future ownership of the Club
« Reply #253 on: Wed 04 Aug 10 07:52 GMT »

http://www.mirrorfootball.co.uk/news/Liverpool-takeover-news -Revealed-The-other-two-bidders-vying-with-Kenny-Huang-for-c ontrol-of-the-Reds-article544295.html?utm_source=twitterfeed &utm_medium=twitter

Quote
Liverpool will consider at least three proposals to buy a controlling stake in the club, as they look to make a decision over a preferred bidder within the next 10 days.

As we revealed yesterday, chairman Martin Broughton will meet personally with Chinese businessman Kenny Huang within the next few days to discuss a £320million proposal to buy out the current American owners.

But Broughton has also been in talks with the Rhone Group, who had a bid to by 25 per cent share in the club scuppered only three months ago.

And the chairman, along with Barclays Capital, has also had contact with the super-rich Al Kharafi family from Kuwait in recent weeks, as they explore the possibility of resurrecting their own interest in buying the club.

Huang is considered a credible and serious bidder for the club, and even though his current valuation is considerably below the asking price of owners Tom Hicks and George Gillett, the Anfield board are treating it seriously.

Talks will move swiftly to identify any prospect an agreement that will satisfy the chief demands of finding an agreeable price and key terms for the future of Liverpool, which include the removal of debt on the club and financing of a new stadium.

Broughton will decide which bid ticks the right boxes to take the club forward, and has confirmed he is in a position to accept the best possible option for Liverpool, even if it doesn't satisfy the Americans.

The US-based Rhone group are trying to revive their earlier offer for 25 per cent of the club for a figure of around £100million, which would value the club above the offer of Huang.

Kuwait's billionaire Al Kharafi family were close to an agreement to buy Liverpool earlier this year, but then withdrew from the process without explanation.

While they have yet to make any formal offer, it is thought contact has been resumed in recent weeks, and Broughton will now decide on which of the competing parties is the preferred bid by next weekend.

The club will then hope to complete negotiations before the end of August, allowing a new regime to assume control for the new season.

Huang has offered support to new manager Rot Hodgson, and has also pledged funds to the Liverpool boss, while confirming he would remove the debt from the club and finance the build of a new stadium.

The Chinese investment expert would front a small consortium of super-wealthy businessman from his country, who are thought to be backed the state-sponsored sovereign investment fund.


A 25% stake would suck more ass.
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Re: Future ownership of the Club
« Reply #254 on: Wed 04 Aug 10 08:51 GMT »

I agree, two owners has been a nightmare, so lets get 3!
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Re: Future ownership of the Club
« Reply #255 on: Wed 04 Aug 10 09:19 GMT »

why consider a 25% bid when there are full buyouts on the table?
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Re: Future ownership of the Club
« Reply #256 on: Wed 04 Aug 10 09:22 GMT »

I've just read the entire thread on rawk and it's looking very messy. Sky Sports are talking absolute shite for more punters, Gillets batty boy is being touted as having done a deal with G&H despite them having zero input in the entire process now and no-one has heard much from Huang.

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Re: Future ownership of the Club
« Reply #257 on: Wed 04 Aug 10 16:17 GMT »

The thread on RAWK is huge, I just check the profile and then posts of the two who appear to matter.

AFAIUI

> Kirdi is a no-go. His 'bid' is with a man who has no control over the process (GG) as all parties must deal with BarCap

> The Chinese bid is the only one seriously on the table, and has been passed to the FA to pre-check

Of course this IS the internet, and so the posters could all be 11 year old girls pretending to be grown men, but these two appear to have the backing of the mods at RAWK, so I'm slightly optimistic.
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Re: Future ownership of the Club
« Reply #258 on: Wed 04 Aug 10 16:18 GMT »

Quote
Of course this IS the internet, and so the posters could all be 11 year old girls pretending to be grown men

 
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Re: Future ownership of the Club
« Reply #259 on: Wed 04 Aug 10 17:22 GMT »


Of course this IS the internet, and so the posters could all be 11 year old girls pretending to be grown men,

Fabian is a big girl.

True Story.
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Re: Future ownership of the Club
« Reply #260 on: Wed 04 Aug 10 18:10 GMT »

It's all been overblown as usual.

Nowt will happen for some time I wager.
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Re: Future ownership of the Club
« Reply #261 on: Thu 05 Aug 10 06:51 GMT »

The times says the Huang bid is backed by the Chinese government lolz. Insane wealth and market and insane all round....scary.
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Re: Future ownership of the Club
« Reply #262 on: Thu 05 Aug 10 21:04 GMT »

So is Huang the real deal ? Cos that Syrian retard certainly isn't.
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Re: Future ownership of the Club
« Reply #263 on: Thu 05 Aug 10 21:10 GMT »

ft called bullshit on him today.
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Re: Future ownership of the Club
« Reply #264 on: Thu 05 Aug 10 21:14 GMT »

Yeah I heard, however they gave as many sources as he has so who knows...
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Re: Future ownership of the Club
« Reply #265 on: Thu 05 Aug 10 21:43 GMT »

Yeah I heard, however they gave as many sources as he has so who knows...

There's too much bullshit around the Syrian guy for me - being a close friend of Gillett Jr., living in Canada, looking like an extra from Goodfellas. Having said that, I know very little about this sort of thing so meh.
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Re: Future ownership of the Club
« Reply #266 on: Fri 06 Aug 10 06:57 GMT »

I don't think he has any cash so he's likely to be out. Not sure about the others though.
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Re: Future ownership of the Club
« Reply #267 on: Mon 09 Aug 10 09:23 GMT »

So I figured a simple breakdown of whats happening would be good....

In short.....lolz

We're in the "make your intentions known"  phase until Wednesday.

Broughton is effectively responsible for the whole process.

2 people have made their intentions public - A Syrian who we can bin off right now as being full of shit, and Huang a Chinese/US business man who has connections to the Yao Ming deal and Houston Rockets basketball, promoting BBall in China among other things. Rumours are it's a serious bid as per a known guy on rawk who seems to be trusted. Huang may be backed by a consortium including the Chinese sovereign wealth fund. No official denyial or confirmation has been made by anyone regarding this bid or the involvement of anyone mentioned - so it's hard to know.

What we do believe is there are 4 other suitors who have declared an interest. By Wednesday this stage should end and we move onto the "show us your money" phase.

How long and how reliable what we know right now is is impossible to say. Sky are being cockends and following the Syrian around like puppy dogs and there's a lot of talk of conspiracy - but who fucking knows.

We need stable owners with a few bob and an interest in getting the ground built and not some dodgy leveraged buy out.
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Re: Future ownership of the Club
« Reply #268 on: Mon 09 Aug 10 20:15 GMT »

So I figured a simple breakdown of whats happening would be good....

In short.....lolz

We're in the "make your intentions known"  phase until Wednesday.

Broughton is effectively responsible for the whole process.

2 people have made their intentions public - A Syrian who we can bin off right now as being full of shit, and Huang a Chinese/US business man who has connections to the Yao Ming deal and Houston Rockets basketball, promoting BBall in China among other things. Rumours are it's a serious bid as per a known guy on rawk who seems to be trusted. Huang may be backed by a consortium including the Chinese sovereign wealth fund. No official denyial or confirmation has been made by anyone regarding this bid or the involvement of anyone mentioned - so it's hard to know.

What we do believe is there are 4 other suitors who have declared an interest. By Wednesday this stage should end and we move onto the "show us your money" phase.

How long and how reliable what we know right now is is impossible to say. Sky are being cockends and following the Syrian around like puppy dogs and there's a lot of talk of conspiracy - but who fucking knows.

We need stable owners with a few bob and an interest in getting the ground built and not some dodgy leveraged buy out.
This is obviously right, but based on last time I'm not going to trust the nice fluffy words 'explaining' how any buyer claims they financing the deal, until well after they sign on the dotted line. 
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Re: Future ownership of the Club
« Reply #269 on: Mon 09 Aug 10 22:48 GMT »

Indeed.

Some details would be nice, plus water tight contracts ensuring certain things can't happen.
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Re: Future ownership of the Club
« Reply #270 on: Mon 09 Aug 10 23:34 GMT »

Is it true that if we don't find the money by Ocotober we will go into administration?  uhoh
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Re: Future ownership of the Club
« Reply #271 on: Tue 10 Aug 10 08:29 GMT »

No. Basically RBS have initiated the loan termination clause on the 237million loan. This means a broker has to come in and try and sell the club on their behalf (effectively) to ensure they get their money back. There is a lot of debate over contract terms and suchlike at the moment which could change that scenario but the core truth is not really known. We'll see some major progress late this week.
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Re: Future ownership of the Club
« Reply #272 on: Tue 10 Aug 10 14:30 GMT »

No. Basically RBS have initiated the loan termination clause on the 237million loan. This means a broker has to come in and try and sell the club on their behalf (effectively) to ensure they get their money back. There is a lot of debate over contract terms and suchlike at the moment which could change that scenario but the core truth is not really known. We'll see some major progress late this week.

What does this mean for the club; basically if they dont pay off the debt by October RBS repossess and sell off to recoup the money owed? That being the case, were stuck with G&H until only October at the latest, where theyre gone one way or the other?
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Re: Future ownership of the Club
« Reply #273 on: Tue 10 Aug 10 14:31 GMT »

Well in theory they could have done that already. However the likelyhood is they will just take ownership of the club from the 2 ronnies.
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Re: Future ownership of the Club
« Reply #274 on: Tue 10 Aug 10 19:24 GMT »

Also I heard that Huang can do fuck all if he buys the debt as the Yanks can just find someother bank to fund them. So the decision rests with the board and not with RBS as people on here told me.
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Re: Future ownership of the Club
« Reply #275 on: Tue 10 Aug 10 19:51 GMT »

Hes not going to buy the debt. I'm not sure what that was about - perhaps an interpretation of quotes and so on.

No-one is going to come in and fund the yanks now, it's past the point of no return. For them it's purely about getting some equity out of the deal (if you think about a mortgage and a house).
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Re: Future ownership of the Club
« Reply #276 on: Tue 10 Aug 10 20:02 GMT »


No-one is going to come in and fund the yanks now, it's past the point of no return. For them it's purely about getting some equity out of the deal (if you think about a mortgage and a house).


Yeah, you are right James, it is not in the hands of the Yanks. They are just waiting for the right deal that will be beneficial to them.

Did you read the FT article about Kenny Huang? They paint a very dull picture of Kenny Huang and his finances.

http://www.ft.com/cms/s/0/202c5bb2-a18c-11df-9656-00144feabdc0.html   
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Re: Future ownership of the Club
« Reply #277 on: Tue 10 Aug 10 21:40 GMT »

Latest from Kirdi

Quote
“Rafael [Benitez] didn’t do anything good for Liverpool,” Kirdi said. “Hodgson is very good for Liverpool because he’s not some kind of dictator.”

Not enough  SUPER PALM in the world.
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Re: Future ownership of the Club
« Reply #278 on: Tue 10 Aug 10 21:43 GMT »

Latest from Kirdi

Quote
“Rafael [Benitez] didn’t do anything good for Liverpool,” Kirdi said. “Hodgson is very good for Liverpool because he’s not some kind of dictator.”

Not enough  SUPER PALM in the world.

Well, tbf, he'll know all about dictators... JewYes
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Re: Future ownership of the Club
« Reply #279 on: Tue 10 Aug 10 21:47 GMT »


No-one is going to come in and fund the yanks now, it's past the point of no return. For them it's purely about getting some equity out of the deal (if you think about a mortgage and a house).


Yeah, you are right James, it is not in the hands of the Yanks. They are just waiting for the right deal that will be beneficial to them.

Did you read the FT article about Kenny Huang? They paint a very dull picture of Kenny Huang and his finances.

http://www.ft.com/cms/s/0/202c5bb2-a18c-11df-9656-00144feabdc0.html   



I thought it was common knowledge he has no money of his own? He's just fronting the consortium isn't he?
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