Bit of news

[Squiggles]

George Gillett's sale of his hockey team has been ratified by the NHL and he is now set to receive something in the region of £570M (possibly dollars - heard it on the radio half asleep)

 

[Ryan]

Who gives a puck?

 

[Farkmaster]

350M pounds, 575M dollars

 

[DHSC]

Fingers crossed the deal doesn't get iced.

 

[KopKing]

[quote author=DHSC link=topic=37607.msg1004097#msg1004097 date=1259739063]
Fingers crossed the deal doesn't get iced.
[/quote]

Or the buyer doesn't get cold feet.

*gets coat*

 

[Delinquent]

[quote author=Ryan link=topic=37607.msg1004069#msg1004069 date=1259724082]
Who gives a puck?

[/quote]

He's on fire.

 

[Farkmaster]

I just crosschecked some other sources, and there's still been no word from our board about the deke selling up.

That's zamboni fied cash.

Alright, I'm not even trying anymore.

 

[DHSC]

[quote author=Farkmaster link=topic=37607.msg1004127#msg1004127 date=1259745108]
I just crosschecked some other sources, and there's still been no word from our board about the deke selling up.

That's zamboni fied cash.

Alright, I'm not even trying anymore.
[/quote]

*palm*

 

[themn]

The joint's gone mad !

 

[TheBunnyman]

[quote author=Farkmaster link=topic=37607.msg1004084#msg1004084 date=1259730859]
350M pounds, 575M dollars
[/quote]

Hey, he could buy Liverpool with that kind of money!

Oh, wait...

 

[Holle]

[quote author=TheBunnyman link=topic=37607.msg1004397#msg1004397 date=1259765028]
[quote author=Farkmaster link=topic=37607.msg1004084#msg1004084 date=1259730859]
350M pounds, 575M dollars
[/quote]

Hey, he could buy Liverpool with that kind of money!

Oh, wait...

[/quote]

Hey, he could build a stadium with that kind of money!

Oh, wait...

 

[Whaddapie]

Here in Dallas, it also appears that the sale of the Rangers is quietly becoming more likely to occur in the not-too-distant future according to normally reliable sources...

 

[the count]

So, does this mean they are going or staying?
The fact that they seem to be looking for a minority stakeholder to come in suggests that they are planning to stay, but with all these wads of cash they now have, why are they looking to bring in a new investor.

??? ???

 

[Molbystwin]

They have wads of cash to pay back the loans that they took out to buy those clubs in the first place perhaps...

didn't he already say that LFC would be getting sweet fuck all out of this deal a few months back?

 

[themn]

But wasn't there also reference to our debt being reduced to £100M "soon" ?

 

[Squiggles]

We can only benefit from the deal.

Even if we don't see any of the cash directly, it will be reassuring to RBS that we should always have a means of payment.

 

[Molbystwin]

[quote author=Squiggles link=topic=37607.msg1004436#msg1004436 date=1259768274]
We can only benefit from the deal.

Even if we don't see any of the cash directly, it will be reassuring to RBS that we should always have a means of payment.
[/quote]

This is true, assuming of course that he actually gets to pocket that money as opposed to pay back an enormous loan.

You are right though cynicism against the evil low life aside it can only be good for us.

 

[LeTallecWiz]

update from Texas Rangers blog I follow:

That's what Jon Heyman of Sports Illustrated wrote Wednesday. He said Dennis Gilbert, the former agent, has the leading bid at this point.

The article says that several people familar with the talks say that no deal has been finalized, but that the winning bid will be "north of $500 million."

Owner Tom Hicks 10 days ago that he was taking bids and submitting one himself. He said the process would play out from there, but the plan was to have a new owner in place by the end of the year. Hicks was trying to put together his own group of local investors to keep the team.

 

[TheBunnyman]

From the Guardian...

Liverpool's co-owner George Gillett, meanwhile, has banked a $300m [£180m] profit from the sale of his Montreal Canadiens ice hockey franchise, which has now been approved by the National Hockey League. Gillett's windfall, however, is not expected to see him gain majority control of Liverpool or improve Benítez's budget for the January transfer window.

The businessman decided to sell his ice hockey franchise last year to ease pressure on his diverse range of interests and, despite enduring a fractured relationship with his Anfield co-owner Tom Hicks, the pair are under instruction from the Royal Bank of Scotland to attract third-party investors to Liverpool and reduce the club's debt.

Hicks and Gillett are continuing to search for new investors willing to meet their asking price of £100m for a 25% stake in Liverpool, with the former also seeking investors in his Dallas Stars NHL franchise.

 

[themn]

Ballacks.