Chinese gaming tycoon holds takeover talks with Liverpool

[Vlads Quiff]

[quote author=Vlads Quiff link=topic=40186.msg1103053#msg1103053 date=1273575405]
[quote author=Rosco link=topic=40186.msg1102964#msg1102964 date=1273570840]
Why would they remove the debt ?
[/quote]

I don't get it though.

The debt is (in the main) the "mortgage" on the club. So when someone coughs up £500m. RBS take their share that they are owed , and give the remainder to H&G which is their profit.

As to if the new owners themselves take out a loan and the new lenders take the club as security, or pay cash is another matter. They may finance the new stadium a bit cleverly

regards
[/quote]

^^^^

Any clever financiers or Ross

regards

 

[King Binny]

One of Zhu's meetings with BarCap took place in Hong Kong at the end of April and a second was in Shanghai in the past week, according to a business source in China, The Independent reported.

The news caused a flurry on the Internet yesterday among Chinese football fans.

Many of them questioned Zhu's financial capabilities to carry off the deal as his assets have been shrinking since The9 last year lost China's dealership of World of Warcraft (WOW), one of the most popular online games.

WOW contributed to 93 percent of company income.

Zhu has been steeped in controversy over his management methods at Shanghai Shenhua since he bought the club three years ago.

He has sold many top-line players - including Li Weifeng, Du Wei, Gao Lin and Mao Jianqing - and has been criticized by fans for being too interventionist in club matters.

"I'm not optimistic about the deal and I would not support Zhu as the boss of Liverpool," said Ni Yimin, a Chinese fan of the club.