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Asbo

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Reds hoping for quick deal
Broughton looking to conclude sale to allow transfer spending

Last updated: 3rd August 2010
Reds hoping for quick deal

Broughton: Looking to conclude a quick sale



The sale of Liverpool could be concluded this month, but chairman Martin Broughton insists the board remain in control of any deal.

Chinese businessman Kenny Huang has expressed his interest in assuming control of the Reds, with suggestions he would seek to acquire the club's £237million debt from the Royal Bank of Scotland.

However, Broughton, who was brought into the club in April to facilitate a sale, revealed there had been "several" bids for the Reds and insisted the decision over the sale will be made by the Liverpool board.

"Any bids that go straight to RBS - and there have been several - come to me and are directed to Barcap (Barclays Capital)," he told the Guardian.

"RBS are not involved. The control remains with the board."

Broughton, who was brought in to oversee the sale process, added: "It still remains the objective to conclude a deal before the end of the transfer window.

"That remains the objective but there are no deadlines, and we will continue working to complete the process.

"Both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings (Liverpool's UK parent company) is the party that is responsible for the sale."

Huang is the head of Hong Kong-based investment company QSL Sports Ltd and is believed to be keen to secure an agreement as soon as possible in order to give manager Roy Hodgson plenty of time to bring in reinforcements before the end of the transfer window.

Huang is believed to have already spoken to senior figures at Anfield to express his seriousness about a buy-out and in the hope that his message will filter down to help persuade top stars like Fernando Torres that the club does have a better future.

Torres has yet to publicly commit himself to the club and speculation still links the Spain striker with the likes of Chelsea and Manchester City.


How are G&H involved in the sale when he said last week they wouldn't be able to block any takeover?
 
He said they couldn't veto it. They can't. They're two members of a five-strong Board of Directors, so they can be outvoted.

That's my understanding, at least.
 
[quote author=Asim link=topic=41260.msg1147576#msg1147576 date=1280850143]
Who are the other three?
[/quote]

Broughton, Purslow and Ayre?
 
[quote author=TheBunnyman link=topic=41260.msg1147574#msg1147574 date=1280850056]
He said they couldn't veto it. They can't. They're two members of a five-strong Board of Directors, so they can be outvoted.

That's my understanding, at least.
[/quote]

Well if there 2 voting board members of course they can veto it?

Say it was 2 for and 2 against, and either G or H had the casting vote?

Theres a veto no?
 
[quote author=Asbo link=topic=41260.msg1147578#msg1147578 date=1280850286]
[quote author=TheBunnyman link=topic=41260.msg1147574#msg1147574 date=1280850056]
He said they couldn't veto it. They can't. They're two members of a five-strong Board of Directors, so they can be outvoted.

That's my understanding, at least.
[/quote]

Well if there 2 voting board members of course they can veto it?

Say it was 2 for and 2 against, and either G or H had the casting vote?

Theres a veto no?
[/quote]

No, that's not what veto means, Asbo. Look it up.
 
G&H cannot block any deal because quite obviously 2 out of 5 is not a majority verdict.
 
...and because the other three can be relied on to vote together. H and G would have been able to block a sale (provided the bank didn't intervene to force it through) if they could split those others, but that's never going to happen.
 
Purslow and ayre would vote the americans out..
the americans will vote to stay
and broughton is a chelsea fan so he might vote for the americans to fuck us over
hmmm
 
...thereby ruining his reputation and career, and opening himself up to possible legal action for failing in his legal duty, a duty he's publicly referred to in previous statements? I don't think so.
 
[quote author=zlatan18 link=topic=41260.msg1147604#msg1147604 date=1280851818]
Purslow and ayre would vote the americans out..
the americans will vote to stay
and broughton is a chelsea fan so he might vote for the americans to fuck us over
hmmm
[/quote]

For fucks sake.
 
[quote author=Squiggles link=topic=41260.msg1147607#msg1147607 date=1280852086]
You're such a gentleman, Jules
[/quote]

Innit?

Anyone else would have called him a deranged fucking Zlatan.
 
[quote author=zlatan18 link=topic=41260.msg1147604#msg1147604 date=1280851818]
Purslow and ayre would vote the americans out..
the americans will vote to stay
and broughton is a chelsea fan so he might vote for the americans to fuck us over
hmmm
[/quote]

Let's not get ahead of ourselves. We don't even know if Pursssslow would vote them out. Or Ayres for that matter. Depends on the offer and what's been promised to them once a take-over happens.
 
[quote author=Judge Jules link=topic=41260.msg1147605#msg1147605 date=1280852030]
...thereby ruining his reputation and career, and opening himself up to possible legal action for failing in his legal duty, a duty he's publicly referred to in previous statements? I don't think so.
[/quote]

Could use the excuse of: the offers werent up to the standards which the club was looking for. There is ways around it
 
[quote author=zlatan18 link=topic=41260.msg1147615#msg1147615 date=1280852400]
[quote author=Judge Jules link=topic=41260.msg1147605#msg1147605 date=1280852030]
...thereby ruining his reputation and career, and opening himself up to possible legal action for failing in his legal duty, a duty he's publicly referred to in previous statements? I don't think so.
[/quote]

Could use the excuse of: the offers werent up to the standards which the club was looking for. There is ways around it
[/quote]

Well, they won't just accept any old offer
 
I fear the Ace up the sleeve is the parent company controlled by Hicks and Gillett

They wont give up lightly, they would prefer bankruptcy and Armageddon than let a rival do them over so to speak.
 
[quote author=Brendan link=topic=41260.msg1147619#msg1147619 date=1280852502]
[quote author=zlatan18 link=topic=41260.msg1147615#msg1147615 date=1280852400]
[quote author=Judge Jules link=topic=41260.msg1147605#msg1147605 date=1280852030]
...thereby ruining his reputation and career, and opening himself up to possible legal action for failing in his legal duty, a duty he's publicly referred to in previous statements? I don't think so.
[/quote]

Could use the excuse of: the offers werent up to the standards which the club was looking for. There is ways around it
[/quote]

Well, they won't just accept any old offer
[/quote]

Prrecisely, so if Purslow and Ayre did vote in favour of it, Broughton would have one heck of a job on his hands to explain a vote against.
 
Turkey's don't vote for Christmas. Ayre and Purslow are getting very comfortable in their positions prattling on about sports marketing and brand management to want some Chinese guy to oust them
 
[quote author=rebel23 link=topic=41260.msg1147621#msg1147621 date=1280852546]
I fear the Ace up the sleeve is the parent company controlled by Hicks and Gillett

They wont give up lightly, they would prefer bankruptcy and Armageddon than let a rival do them over so to speak.


[/quote]

I doubt it. When push comes to shove I suspect they'd prefer something, 80 cents on the dollar or whatever it may be, to a fat slice of bugger all.

Purslow and Ayre are commonly agreed to have done a decent job. Roy might well have more to worry about than either of them.
 
They're all self-serving arseholes, just like Parry with his pay off or Moores with his extra 8 million quid.

They're in it for themselves and will fight to the last to hang on to their positions and power, unless they're bribed and given assurances
 
Ayre's seems to be doing a very good job from what I can gather.

It would be mad to get rid of him, especially if it was at the cost of one crucial board vote.

Same goes for the spinning snake.
 
Bribed with what, anyway? And who in blazes is going to accept "assurances" from those two cowboys? Purslow and Ayre will know their own best interests, as well as those of the club, would not be served by letting H and G survive to continue running LFC into the ground.
 
[quote author=Avmenon link=topic=41260.msg1147631#msg1147631 date=1280852988]
I think Broughton has the casting vote though.
[/quote]

Broughton doesn't make it clear precisely which board will make the decision, the board of Liverpool Football Club and Athletic grounds or Kop Holdings.
 
[quote author=Squiggles link=topic=41260.msg1147635#msg1147635 date=1280853141]
Ayre's seems to be doing a very good job from what I can gather.

It would be mad to get rid of him, especially if it was at the cost of one crucial board vote.

Same goes for the spinning snake.
[/quote]

But then we get into the murky world of guaranteed jobs/ bungs whatever

"Vote for this, and you'll get a contract for 5 years and a 100% salary increase"

See?

Either way, I'm not sure we're in any position to second-guess how likely this is, or who will vote for what.
 
[quote author=Judge Jules link=topic=41260.msg1147637#msg1147637 date=1280853265]
Bribed with what, anyway? And who in blazes is going to accept "assurances" from those two cowboys? Purslow and Ayre will know their own best interests, as well as those of the club, would not be served by letting H and G survive to continue running LFC into the ground.
[/quote]

New owners might not be good for self-serving executives as they could find themselves out on their arse, so they will want to know what's in it for them before they cast their vote.
 
[quote author=SaintGeorge67 link=topic=41260.msg1147643#msg1147643 date=1280853446]
And the new owner will say "vote me in so I can sack you"?
[/quote]

Or "Vote me in and I'll give you a nice fat contract and a pay increase, even though you know this isn't the best deal for the club"

I think that's his point.
 
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