[quote author=Sheik Yerbouti link=topic=39787.msg1088834#msg1088834 date=1271421169]
[quote author=Vlads Quiff link=topic=39787.msg1088827#msg1088827 date=1271420531]
[quote author=Rafa4PM link=topic=39787.msg1088823#msg1088823 date=1271419775]
Broughton: Reds to be sold in a “few monthsâ€
Posted on Friday, 16th April 2010 by David Tully
New Liverpool chairmen Martin Broughton has stated that he expects the club to be sold to a new owner in a “few monthsâ€. A Chelsea season ticket holder, Broughton has been charged by co-owners George Gillett and Tom Hicks to oversee the sale of the club, along with Barclays Capital, who have been tasked with the responsibility of finding new investment. BA chairman Broughton said to Bloomberg TV:
“What I’m asking from Liverpool fans is a little patience. We are talking a maximum of a few months. It’s in everyone’s interests we get the right owners, therefore I’m looking for the time to complete this process.â€
As expected, both the appointment of Broughton and the hiring of Barclays Capital has allowed the current owners to get a 6 month extension to their loan from RBS and Wachovia. Broughton said it gives the club time to find prospective owners:
“What RBS has done is given us an extension which gives us time to complete the process. We didn’t want to have a situation where a bidder had negotiating leverage because we were coming against a deadline.â€
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"We are talking a maximum of a few months"
If someone bid today I would expect it to take a matter of
a few months
All making me think my suspicions about Barclays were not just selected to look for someone, and acting for someone might be right. Barclays....big connections with Arabs and Amanda Staveley but why Broughton? Perhaps someone has already had dealings with H&G, or knows people that have, and just do not like the way they do business?
regards
regards
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Broughton has connections to some Sheik through his horse racing thingymajig Vladders.
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Hmm yes, it's all falling into place. You know what? If Dubai did not get such a fucking in the recession I would think Sheik Mo might be back in, although the Dubai economy took a beating how did Sheik Mo's family money stand up during the last few years?
I don't think Sheik Mo took kindly to the way H&G dealt with things last time, and I think the Arabs don't like not getting their own way. It's a theory anyways........................
There is also this .....Al Nahayan's death could bode well for Skeik Mo's son in law Sheik Mansour, and could see him moved up the pecking order.
The body of Sheik Ahmed bin Zayed al-Nahayan, managing director of one of the world's largest sovereign wealth funds, was retrieved on Tuesday, fished out from a picturesque lake some 20 miles southeast of the Moroccan capital, Rabat, that his glider had crashed into five days before. The 41-year-old was the half-brother of Sheik Khalifa bin Zayed al-Nahayan, President of the United Arab Emirates and ruler of Abu Dhabi, the most influential — and with some 8% of the world's proven oil reserves — the wealthiest of the seven states that comprise the U.A.E.
The sudden passing of Sheik Ahmed, who was ranked No. 27 on Forbes' list of Most Powerful People last year, is likely to precipitate a power struggle among several of his 17 surviving brothers as they maneuver to replace him. (The late Sheik Zayed bin Sultan al-Nahayan, former U.A.E. president and the country's founding father, had 19 sons from several different wives. Another of his sons, Sheik Nasser, was killed in a helicopter crash in June 2008.)
Sheik Ahmed was a senior member of the ruling al-Nahayan clan, and since 1997 was charged with overseeing the day-to-day runnings of the Abu Dhabi Investment Authority (ADIA). The fund has stakes in companies including Citigroup, the Hyatt Hotels and Britain's Gatwick airport. Engorged with Abu Dhabi's substantial oil surpluses, ADIA's assets are estimated at between $300 billion and $800 billion. It was Abu Dhabi's wealth that helped bail out sister city-state Dubai when it ran short of funds to complete the world's tallest building — which was then renamed the Burj Khalifa after the President of the U.A.E. (See pictures of the Burj Khalifa, the world's tallest building.)
Power and influence among the male heirs of the al-Nahayan clan is divided among several groups within the family; the President, Sheik Khalifa, who does not have any full brothers, and Crown Prince Sheik Mohammed, who along with his five full brothers from a common mother, Sheika Fatima bint Mubarak, form the most powerful bloc within the clan. The sons of Sheika Fatima (the late Sheik Zayed's third wife) control the defense, intelligence, national security and foreign affairs portfolios, as well as the chairmanship of Abu Dhabi's second largest sovereign wealth fund (the International Petroleum Investments Co., or IPIC) and Mubadala, the state investment company, among other things. (Will Dubai's financial problems spread?)
As ADIA's managing director, Sheik Ahmed, who was the son of Sheika Mouza, another wife of Sheikh Zayed, held one of the few pillars of the oil-soaked emirate's economy not dominated by the powerful crown prince and his full brothers. Christopher M. Davidson, senior lecturer at Durham University and author of Abu Dhabi: Oil and Beyond, says that with Sheik Ahmed out of the picture, the crown prince and his brothers are likely to move on ADIA. "Then they will control virtually all of Abu Dhabi's economy," he says.
But there are elements within the family that may oppose them, including the President, who may want to place one of his two sons in the role. Sheik Ahmed had four full brothers, and they are also likely to try and keep the position among themselves. His eldest full brother, Sheik Saif, wields significant influence as the powerful Interior Minister.
Despite the tensions, the dynastic tussle is likely to be veiled. Issues of succession in conservative gulf kingdoms are customarily dealt with behind firmly closed doors, and Abu Dhabi — more traditional than its showy neighbor and U.A.E. constituent, Dubai — is hypersensitive about its image and extremely unlikely to let any split within its royal family become public. ADIA's holdings are unlikely to be affected, primarily because Abu Dhabi's wealth is still Abu Dhabi's wealth regardless of who manages its sovereign fund, and because its investments rarely exceed 5% stakes in any given company.
But whoever assumes the helm of ADIA will be of keen interest to Dubai, according to Davidson. Apart from the troubles with the Burj Khalifa, debt-laden Dubai received a $10 billion bailout late last year from Abu Dhabi to pay off the debts of some of its most troubled state-run companies. "Dubai will be hoping that whoever replaces [Sheik Ahmed] will be someone who is more open to assisting Dubai, rather than this drip-feed of financial assistance Abu Dhabi has been giving Dubai, little by little, humiliating them every step of the way," Davidson says. Sheik Ahmed was widely considered to be among "the most conservative members of the ruling family, extremely cautious in nature," Davidson adds.
Dubai's ruler, Sheik Mohammed bin Rashid al-Maktoum, might be pinning his hopes on his son-in-law Sheik Mansour, who is one of the Abu Dhabi crown prince's full brothers. Davidson says "there's no doubt" that he's the one member of the al-Nahayan clan that Dubai would like to see take charge. But Sheik Mansour already controls IPIC. Will he be given the reins of both of the emirate's massive kitties? It's improbable but not impossible, especially in a country where too much is never enough.
Read more:
http://www.time.com/time/world/article/0,8599,1976412,00.html#ixzz0lGcxtk1Q
regards
