LFC SOLD to NESV.
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Re: LFC Sold to NESV (New England Sports Ventures)
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
But we *are* desperate, aren't we? Are there any alternatives?
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
But we *are* desperate, aren't we? Are there any alternatives?
Re: LFC Sold to NESV (New England Sports Ventures)
I understadnd the caution and I think we should not trust them until they prove their worth but at least we went from the second worst owner in baseball to the best.
http://sportsillustrated.cnn.com/2009/baseball/mlb/05/08/mlb.owners/index.html
I understadnd the caution and I think we should not trust them until they prove their worth but at least we went from the second worst owner in baseball to the best.
http://sportsillustrated.cnn.com/2009/baseball/mlb/05/08/mlb.owners/index.html
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=TheBunnyman link=topic=41783.msg1189910#msg1189910 date=1286360450]
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
But we *are* desperate, aren't we? Are there any alternatives?
[/quote]
We are unfortunately a bit desperate. And for all we know this was the chance to get rid of Hicks before he found some source of refiance. However, we are entitled to be sceptical and these yanks should be told that all their steps will be followed extremelly closey.
[quote author=TheBunnyman link=topic=41783.msg1189910#msg1189910 date=1286360450]
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
But we *are* desperate, aren't we? Are there any alternatives?
[/quote]
We are unfortunately a bit desperate. And for all we know this was the chance to get rid of Hicks before he found some source of refiance. However, we are entitled to be sceptical and these yanks should be told that all their steps will be followed extremelly closey.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1189909#msg1189909 date=1286360302]
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
[/quote]
Just a couple of quick questions from an interested but uninvolved observer; I understand how you all feel about the existing shareholders but what is in this deal for them? What is their incentive to agree to sell their shares to the Red Sox guy?
In what way could the new owners be legally bound to build a new stadium? Who would they be legally obliged to?
[quote author=Brendan link=topic=41783.msg1189909#msg1189909 date=1286360302]
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
[/quote]
Just a couple of quick questions from an interested but uninvolved observer; I understand how you all feel about the existing shareholders but what is in this deal for them? What is their incentive to agree to sell their shares to the Red Sox guy?
In what way could the new owners be legally bound to build a new stadium? Who would they be legally obliged to?
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1189902#msg1189902 date=1286359825]
Relying on success in order to stave off financial collapse? Hurray!
[/quote]
Yeah it's a dangerous game. Look at what happened to Leeds.
[quote author=Brendan link=topic=41783.msg1189902#msg1189902 date=1286359825]
Relying on success in order to stave off financial collapse? Hurray!
[/quote]
Yeah it's a dangerous game. Look at what happened to Leeds.
Re: LFC Sold to NESV (New England Sports Ventures)
I'd be interested to know how many real prospective buyers have already been sent packing due to Hicks & Co digging their heels in with the price. In theory we could have already lost the real big money kind of buyers we all wanted. Broughton and Co might have just decided this time enough was enough and we couldn't afford to lose these buyers more due to timescales rather than the quality of the bid/buyers.
I'd be interested to know how many real prospective buyers have already been sent packing due to Hicks & Co digging their heels in with the price. In theory we could have already lost the real big money kind of buyers we all wanted. Broughton and Co might have just decided this time enough was enough and we couldn't afford to lose these buyers more due to timescales rather than the quality of the bid/buyers.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=claretandblue link=topic=41783.msg1189915#msg1189915 date=1286360939]
[quote author=Brendan link=topic=41783.msg1189909#msg1189909 date=1286360302]
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
[/quote]
Just a couple of quick questions from an interested but uninvolved observer; I understand how you all feel about the existing shareholders but what is in this deal for them? What is their incentive to agree to sell their shares to the Red Sox guy?
In what way could the new owners be legally bound to build a new stadium? Who would they be legally obliged to?
[/quote]
it's would be a condition of the sale, i.e. if they didn't agree to it the club wouldn't be sold to them, but as the chairman says, buying liverpool and not building the stadium would make financial sense.
[quote author=claretandblue link=topic=41783.msg1189915#msg1189915 date=1286360939]
[quote author=Brendan link=topic=41783.msg1189909#msg1189909 date=1286360302]
[quote author=spider-neil link=topic=41783.msg1189907#msg1189907 date=1286360169]
can we stop with talk that they wont be able to build the stadium, that is a prerequisite of the sale and will probably be in a legally binding contract.
[/quote]
"Probably"
[/quote]
Just a couple of quick questions from an interested but uninvolved observer; I understand how you all feel about the existing shareholders but what is in this deal for them? What is their incentive to agree to sell their shares to the Red Sox guy?
In what way could the new owners be legally bound to build a new stadium? Who would they be legally obliged to?
[/quote]
it's would be a condition of the sale, i.e. if they didn't agree to it the club wouldn't be sold to them, but as the chairman says, buying liverpool and not building the stadium would make financial sense.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=peterhague link=topic=41783.msg1189901#msg1189901 date=1286359806]
[quote author=Judge Jules link=topic=41783.msg1189883#msg1189883 date=1286358691]
Redshrek - with the exception of mega-rich oil sheikhs, anybody buying us would probably borrow at least part of the purchase price. It would be very unusual for even very rich people to put their own money straight into a deal this big.
Asim - I don't remember that, but you could be right. However, the turnaround won't have been as big as it was at the Red Sox. Imagine somebody like maybe Notts County becoming league champions today. That's what happened in Boston.
[/quote]
since when have notts county been a great name in the history of english football?!
there's probably no real equivalent to the red sox story in england, maybe the closest you could get would be someone like aston villa or sunderland or newcastle winning the league.
[/quote]
Before Henry's people took over, the Red Sox had gone almost 90 years without becoming champions. Villa were champions in the early 80s, goodness knows how, and I think Sunderland managed it in the 1930s sometime. Newcastle might have been a better comparison in some ways, but there are far fewer teams in Major League Baseball than there are in top level footy here and I was trying to think of a comparison which would reflect that.
[quote author=peterhague link=topic=41783.msg1189901#msg1189901 date=1286359806]
[quote author=Judge Jules link=topic=41783.msg1189883#msg1189883 date=1286358691]
Redshrek - with the exception of mega-rich oil sheikhs, anybody buying us would probably borrow at least part of the purchase price. It would be very unusual for even very rich people to put their own money straight into a deal this big.
Asim - I don't remember that, but you could be right. However, the turnaround won't have been as big as it was at the Red Sox. Imagine somebody like maybe Notts County becoming league champions today. That's what happened in Boston.
[/quote]
since when have notts county been a great name in the history of english football?!
there's probably no real equivalent to the red sox story in england, maybe the closest you could get would be someone like aston villa or sunderland or newcastle winning the league.
[/quote]
Before Henry's people took over, the Red Sox had gone almost 90 years without becoming champions. Villa were champions in the early 80s, goodness knows how, and I think Sunderland managed it in the 1930s sometime. Newcastle might have been a better comparison in some ways, but there are far fewer teams in Major League Baseball than there are in top level footy here and I was trying to think of a comparison which would reflect that.
Re: Club Refinance Thread
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
This is my biggest concern now.
[/quote]
This is what i said last night, this could take years to resolve with high court and appeals, because this is where it's likely to end up. And whilst the club is in legal limbo we won't be able to do nothing.
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
[/quote]
This is my biggest concern now.
[/quote]
This is what i said last night, this could take years to resolve with high court and appeals, because this is where it's likely to end up. And whilst the club is in legal limbo we won't be able to do nothing.
Re: LFC Sold to NESV (New England Sports Ventures)
Can anyone sum this up for me? I haven't read this thread for weeks so I'm like 30 pages behind anyway, then I wake up and we're sold? Then the thread rockets to nearly 100 pages.
Anybody able to give me a quick run down of the situation? I take it it's not some mega rich, stupid idiot who throws his money away, a la Man City? Are people sceptical about this?
Can anyone sum this up for me? I haven't read this thread for weeks so I'm like 30 pages behind anyway, then I wake up and we're sold? Then the thread rockets to nearly 100 pages.
Anybody able to give me a quick run down of the situation? I take it it's not some mega rich, stupid idiot who throws his money away, a la Man City? Are people sceptical about this?
Re: Club Refinance Thread
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
This is my biggest concern now.
[/quote]
It is a worry, but it's a chance we had to take. H and G were never going to go quietly if the deal in question gave them no profit, but by the same token that was always likely to happen given the mess H and G had got themselves into. Were the board to refrain from completion of a kosher sale for fear of legal action, that would effectively have given H and G ultimate control of the sale process, which the majority on the board (at RBS' urging, no doubt) couldn't allow.
You'll be better placed than me to comment, but I'd be hopeful that H and G's chances of success are fairly remote. Their record in charge should make it pretty plain to careful examination that leaving them in place would have continued to erode the club's value and therefore the chances (probably always remote anyway) of obtaining the kind of price they were demanding. Even if the court itself isn't fully convinced about that, it can hardly overturn the board's decision for unreasonableness.
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
[/quote]
This is my biggest concern now.
[/quote]
It is a worry, but it's a chance we had to take. H and G were never going to go quietly if the deal in question gave them no profit, but by the same token that was always likely to happen given the mess H and G had got themselves into. Were the board to refrain from completion of a kosher sale for fear of legal action, that would effectively have given H and G ultimate control of the sale process, which the majority on the board (at RBS' urging, no doubt) couldn't allow.
You'll be better placed than me to comment, but I'd be hopeful that H and G's chances of success are fairly remote. Their record in charge should make it pretty plain to careful examination that leaving them in place would have continued to erode the club's value and therefore the chances (probably always remote anyway) of obtaining the kind of price they were demanding. Even if the court itself isn't fully convinced about that, it can hardly overturn the board's decision for unreasonableness.
Re: LFC Sold to NESV (New England Sports Ventures)
BBC Sport - Football - Liverpool glad to get anybody in - Alan Kennedy
Alan Kennedy has his say on the sale
BBC Sport - Football - Liverpool glad to get anybody in - Alan Kennedy
Alan Kennedy has his say on the sale
Re: Club Refinance Thread
[quote author=Judge Jules link=topic=41783.msg1189924#msg1189924 date=1286361834]
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
This is my biggest concern now.
[/quote]
It is a worry, but it's a chance we had to take. H and G were never going to go quietly if the deal in question gave them no profit, but by the same token that was always likely to happen given the mess H and G had got themselves into. Were the board to refrain from completion of a kosher sale for fear of legal action, that would effectively have given H and G ultimate control of the sale process, which the majority on the board (at RBS' urging, no doubt) couldn't allow.
You'll be better placed than me to comment, but I'd be hopeful that H and G's chances of success are fairly remote. Their record in charge should make it pretty plain to careful examination that leaving them in place would have continued to erode the club's value and therefore the chances (probably always remote anyway) of obtaining the kind of price they were demanding. Even if the court itself isn't fully convinced about that, it can hardly overturn the board's decision for unreasonableness.
[/quote]
I'm certain they'd lose, Jules.
The only use of a legal action would be as a negotiating ploy, I'd guess.
I suspect this final threat is merely being used as an incentive to sweeten the deal so they make some money.
There was a post about how the director's duty was to the shareholders and since Hicks and Gillette own the company they could effectively run the club into the ground.
I don't think any court would allow that because of teh ecomonic meltdown such event would cause.
Liverpool FC no doubt affects the economic lves of thousands of people from players to managers to suppliers. The court would definitely not turn a blnd eye to this.
[quote author=Judge Jules link=topic=41783.msg1189924#msg1189924 date=1286361834]
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
[/quote]
This is my biggest concern now.
[/quote]
It is a worry, but it's a chance we had to take. H and G were never going to go quietly if the deal in question gave them no profit, but by the same token that was always likely to happen given the mess H and G had got themselves into. Were the board to refrain from completion of a kosher sale for fear of legal action, that would effectively have given H and G ultimate control of the sale process, which the majority on the board (at RBS' urging, no doubt) couldn't allow.
You'll be better placed than me to comment, but I'd be hopeful that H and G's chances of success are fairly remote. Their record in charge should make it pretty plain to careful examination that leaving them in place would have continued to erode the club's value and therefore the chances (probably always remote anyway) of obtaining the kind of price they were demanding. Even if the court itself isn't fully convinced about that, it can hardly overturn the board's decision for unreasonableness.
[/quote]
I'm certain they'd lose, Jules.
The only use of a legal action would be as a negotiating ploy, I'd guess.
I suspect this final threat is merely being used as an incentive to sweeten the deal so they make some money.
There was a post about how the director's duty was to the shareholders and since Hicks and Gillette own the company they could effectively run the club into the ground.
I don't think any court would allow that because of teh ecomonic meltdown such event would cause.
Liverpool FC no doubt affects the economic lves of thousands of people from players to managers to suppliers. The court would definitely not turn a blnd eye to this.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
For fucks sake, you're embrassing yourself now mate.
Putting aside the issue of the new owners for one moment, you have consistently regurgiated spurious bollocks that you gleaned, I assume, from TLW - slating Broughton and particularly Purslow for their actions, or inaction, devious ways, and closeness to the Yanks, ad nauseam.
You have been proven categorically incorrect.
As a snippet, I understand that in the Dalglish circle (the golfers) they have been particularly scathing of the section of Liverpool fans who, without any information to support them WHATSOEVER, have hammered the non-owner members of the board - you are one of those people. When you see the quotes in the paper stating that club "insiders" regard Ayres and Purslows actions as "admirable and courageous" it emanates from these guys.
Regarding NESV who in their right minds isnt nervous? Who wasnt hoping for one of the big Sheikhs to come out of the woodwork and announce a long standing love of LFC and his desire to pump 500 trillion into the club? It hasnt happened.
As such we were always going to be bought by an individual or group who would want to run us as a business - in this scenario is it not better to be bought by a group that have proven they can do this, in circumstances similar to our own? The benefits also being allied to the overriding win that G&H have been blocked from refinancing us up to the fucking eyeballs and very seriously jeopardising the very existence of our club.
[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]
It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]
For fucks sake, you're embrassing yourself now mate.
Putting aside the issue of the new owners for one moment, you have consistently regurgiated spurious bollocks that you gleaned, I assume, from TLW - slating Broughton and particularly Purslow for their actions, or inaction, devious ways, and closeness to the Yanks, ad nauseam.
You have been proven categorically incorrect.
As a snippet, I understand that in the Dalglish circle (the golfers) they have been particularly scathing of the section of Liverpool fans who, without any information to support them WHATSOEVER, have hammered the non-owner members of the board - you are one of those people. When you see the quotes in the paper stating that club "insiders" regard Ayres and Purslows actions as "admirable and courageous" it emanates from these guys.
Regarding NESV who in their right minds isnt nervous? Who wasnt hoping for one of the big Sheikhs to come out of the woodwork and announce a long standing love of LFC and his desire to pump 500 trillion into the club? It hasnt happened.
As such we were always going to be bought by an individual or group who would want to run us as a business - in this scenario is it not better to be bought by a group that have proven they can do this, in circumstances similar to our own? The benefits also being allied to the overriding win that G&H have been blocked from refinancing us up to the fucking eyeballs and very seriously jeopardising the very existence of our club.
Re: Club Refinance Thread
[quote author=Redshrek link=topic=41783.msg1189921#msg1189921 date=1286361149]
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
This is my biggest concern now.
[/quote]
This is what i said last night, this could take years to resolve with high court and appeals, because this is where it's likely to end up. And whilst the club is in legal limbo we won't be able to do nothing.
[/quote]
I feel confident this is just the last scream from Hicks. If he had the power he would have used it long time ago.
[quote author=Redshrek link=topic=41783.msg1189921#msg1189921 date=1286361149]
[quote author=Avmenon link=topic=41783.msg1189906#msg1189906 date=1286360059]
[quote author=Y1 link=topic=41783.msg1189769#msg1189769 date=1286352313]
[/quote]
This is my biggest concern now.
[/quote]
This is what i said last night, this could take years to resolve with high court and appeals, because this is where it's likely to end up. And whilst the club is in legal limbo we won't be able to do nothing.
[/quote]
I feel confident this is just the last scream from Hicks. If he had the power he would have used it long time ago.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Halmeister link=topic=41783.msg1189923#msg1189923 date=1286361672]
Can anyone sum this up for me? I haven't read this thread for weeks so I'm like 30 pages behind anyway, then I wake up and we're sold? Then the thread rockets to nearly 100 pages.
Anybody able to give me a quick run down of the situation? I take it it's not some mega rich, stupid idiot who throws his money away, a la Man City? Are people sceptical about this?
[/quote]
Ill summarize it: STOP SLEEPING!! YOUR MISSING ALL THE FUN!!! 8)
[quote author=Halmeister link=topic=41783.msg1189923#msg1189923 date=1286361672]
Can anyone sum this up for me? I haven't read this thread for weeks so I'm like 30 pages behind anyway, then I wake up and we're sold? Then the thread rockets to nearly 100 pages.
Anybody able to give me a quick run down of the situation? I take it it's not some mega rich, stupid idiot who throws his money away, a la Man City? Are people sceptical about this?
[/quote]
Ill summarize it: STOP SLEEPING!! YOUR MISSING ALL THE FUN!!! 8)
Re: LFC Sold to NESV (New England Sports Ventures)
No I haven't
No I haven't
Re: LFC Sold to NESV (New England Sports Ventures)
What is Gilletts take on this? Anyone heard anything from the greedy little cunt?
What is Gilletts take on this? Anyone heard anything from the greedy little cunt?
Re: LFC Sold to NESV (New England Sports Ventures)
Halmeister, I think it goes something like this. Club sold to US sports group, headed by very rich (tho' not to oil sheikh level) businessman, who have turned around the Boston Red Sox baseball team and are well thought of over there as good owners. Deal gives H and G their initial investment back but no profit, so they may try and fight it in the courts, though their chances of success are slim at best. People are rightly wary but, with a few exceptions, cautiously optimistic.
Halmeister, I think it goes something like this. Club sold to US sports group, headed by very rich (tho' not to oil sheikh level) businessman, who have turned around the Boston Red Sox baseball team and are well thought of over there as good owners. Deal gives H and G their initial investment back but no profit, so they may try and fight it in the courts, though their chances of success are slim at best. People are rightly wary but, with a few exceptions, cautiously optimistic.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Insignificance link=topic=41783.msg1189935#msg1189935 date=1286362761]
What is Gilletts take on this? Anyone heard anything from the greedy little cunt?
[/quote]
There were reports earlier that Gillett would have been willing to go some time back. As Hicks wasn't, Gillett has sat back and let him make the running.
[quote author=Insignificance link=topic=41783.msg1189935#msg1189935 date=1286362761]
What is Gilletts take on this? Anyone heard anything from the greedy little cunt?
[/quote]
There were reports earlier that Gillett would have been willing to go some time back. As Hicks wasn't, Gillett has sat back and let him make the running.
Re: LFC Sold to NESV (New England Sports Ventures)
Liverpool chairman Martin Broughton has spoken exclusively to Sky Sports News about the proposed sale of the club.
Broughton has confirmed that the agreed deal with New England Sports Ventures (NESV), the parent company of the Boston Red Sox baseball club, is worth around £300million.
He also says the prospective new owners are considering re-developing Anfield, rather than moving to a new stadium.
Oh wow. What a fucking surprise.
Hahahahahaha
*cries*
Liverpool chairman Martin Broughton has spoken exclusively to Sky Sports News about the proposed sale of the club.
Broughton has confirmed that the agreed deal with New England Sports Ventures (NESV), the parent company of the Boston Red Sox baseball club, is worth around £300million.
He also says the prospective new owners are considering re-developing Anfield, rather than moving to a new stadium.
Oh wow. What a fucking surprise.
Hahahahahaha
*cries*
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1189939#msg1189939 date=1286363194]
Liverpool chairman Martin Broughton has spoken exclusively to Sky Sports News about the proposed sale of the club.
Broughton has confirmed that the agreed deal with New England Sports Ventures (NESV), the parent company of the Boston Red Sox baseball club, is worth around £300million.
He also says the prospective new owners are considering re-developing Anfield, rather than moving to a new stadium.
Oh wow. What a fucking surprise.
Hahahahahaha
*cries*
[/quote]
Easy mathematics. If they rise the entrance fee to the double we have gained a lot on other teams??
[quote author=Brendan link=topic=41783.msg1189939#msg1189939 date=1286363194]
Liverpool chairman Martin Broughton has spoken exclusively to Sky Sports News about the proposed sale of the club.
Broughton has confirmed that the agreed deal with New England Sports Ventures (NESV), the parent company of the Boston Red Sox baseball club, is worth around £300million.
He also says the prospective new owners are considering re-developing Anfield, rather than moving to a new stadium.
Oh wow. What a fucking surprise.
Hahahahahaha
*cries*
[/quote]
Easy mathematics. If they rise the entrance fee to the double we have gained a lot on other teams??
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Judge Jules link=topic=41783.msg1189936#msg1189936 date=1286362825]
Halmeister, I think it goes something like this. Club sold to US sports group, headed by very rich (tho' not to oil sheikh level) businessman, who have turned around the Boston Red Sox baseball team and are well thought of over there as good owners. Deal gives H and G their initial investment back but no profit, so they may try and fight it in the courts, though their chances of success are slim at best. People are rightly wary but, with a few exceptions, cautiously optimistic.
[/quote]
This piece in The Independent suggests G&H take a hit of about £100m.
Q. Why are Hicks and Gillett so against the offer?
A. They believe the price of £300million grossly under-values the club - and because they would each take a massive financial hit.
Q. But £300million seems like a lot of money - isn't that far more than they paid for the club in 2007?
A. Yes, they paid £219million, funded entirely by bank loans, but since then the debt has swelled due to interest and other fees to £280million, and they have invested £144.4million into Kop Holdings via a company registered in the Cayman Islands, which was then lent to Liverpool.
Q. What would Hicks and Gillett be left with if the £300million buy-out goes ahead?
A. Around £200million would go towards paying off the Royal Bank of Scotland and Wachovia debts. RBS would be likely to leave around £30million of the debt as a credit facility for the new owners. Only after all the other creditors are paid would any left-over cash go to Hicks and Gillett towards the £144.4million loan they put in.
Q. What about the penalty fees that Hicks and Gillett have built up with RBS?
A. They total around £45million but they would no doubt be subject to legal challenges too.
Q. So what size of loss are Hicks and Gillett contemplating?
A. A sizeable one, even as much as £100million...
The Independent - Clicky
[quote author=Judge Jules link=topic=41783.msg1189936#msg1189936 date=1286362825]
Halmeister, I think it goes something like this. Club sold to US sports group, headed by very rich (tho' not to oil sheikh level) businessman, who have turned around the Boston Red Sox baseball team and are well thought of over there as good owners. Deal gives H and G their initial investment back but no profit, so they may try and fight it in the courts, though their chances of success are slim at best. People are rightly wary but, with a few exceptions, cautiously optimistic.
[/quote]
This piece in The Independent suggests G&H take a hit of about £100m.
Q. Why are Hicks and Gillett so against the offer?
A. They believe the price of £300million grossly under-values the club - and because they would each take a massive financial hit.
Q. But £300million seems like a lot of money - isn't that far more than they paid for the club in 2007?
A. Yes, they paid £219million, funded entirely by bank loans, but since then the debt has swelled due to interest and other fees to £280million, and they have invested £144.4million into Kop Holdings via a company registered in the Cayman Islands, which was then lent to Liverpool.
Q. What would Hicks and Gillett be left with if the £300million buy-out goes ahead?
A. Around £200million would go towards paying off the Royal Bank of Scotland and Wachovia debts. RBS would be likely to leave around £30million of the debt as a credit facility for the new owners. Only after all the other creditors are paid would any left-over cash go to Hicks and Gillett towards the £144.4million loan they put in.
Q. What about the penalty fees that Hicks and Gillett have built up with RBS?
A. They total around £45million but they would no doubt be subject to legal challenges too.
Q. So what size of loss are Hicks and Gillett contemplating?
A. A sizeable one, even as much as £100million...
The Independent - Clicky
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