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Kenny Huang leading serious bid for LFC

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[quote author=doctor_mac link=topic=41235.msg1148179#msg1148179 date=1280935349]
Here is Bamba (the oracle) and his latest insights:

Right, the inbox is groaning with PMs so, with respect and in the interests of sanity and practicality I’ve deleted the lot. I understand and share the clamour for info, and that’s what I’ve been trying to get all day. In a takeover process like this there will be lulls, there’ll be periods of frantic activity and today has been, in terms of solid-gold info, slow. Let’s recap…

Sunday night, Huang decides the right way to proceed is to go public with his interest. (Let’s use the name ‘Huang’ as shorthand, here. Everyone now understands that he is the front man for a takeover group of, believe me, enormous wealth. If this comes down to Martin Broughton having the casting vote, he‘ll have to apologise to Abramovich and tell him they‘re worth a hundred of him). Paul McCarthy asked on SSN why Huang refused to sign a confidentiality clause, implying that this somehow made his bid less credible. Wrong. The opposite is true. Huang has driven this right out into the open so that the world can see how much is at stake and how it’s playing out. Nobody is suggesting that, behind closed doors, the Liverpool board might feel tempted to act in an underhand way. But with Huang taking his bid out into the open air, if the LFC board DOES subsequently decide to decline his offer they’re now obliged to tell us how they reached that decision.

I get my info from six different people at differing times. Four of them I’d call friends. They’re all, in their field, very well placed, very influential. They’re people who, if anyone could know, would know what’s going on with these bids. I trust them. And after yesterday‘s board meeting, they were convinced that the Huang bid was the one being taken seriously by the board, by RBS and by Barcap. To put it another way, there is only one bid that has been referred to the Premier League by Liverpool F.C, and that’s the Huang bid.

What happened between 11 last night and 6 this morning, when Alan Myers broke his Kirdi exclusive? The nature of the exclusive was that at 2 a.m he received an email from Kirdi announcing that he was in “advanced negotiations†with Gillet and Hicks. Nowhere in that statement were the names Barcap or Broughton mentioned, and nothing has appeared since to legitimise Kirdi‘s claims that a takeover is imminent. Only Myers knows why he just happened to be checking emails at 2 a.m - a scoundrel might suggest that the board meeting didn’t go quite as Gillett and Hicks were hoping, and long-established Hicks patsy Myers was contacted as a matter of urgency. Who knows. My own immediate reaction on seeing SSN’s latest sensational(ist) twist was a wry smile and a muttered:

“Here we go then. Bit later than we thought, but here comes George’s fight back…â€

As an aside, two of my sources work at the highest level in the City. They both believe that Gillett is about to go bust. According to them, he really, really needs to walk away from this sale with some profit. The “rocket†I alluded to comes from these sources, and is in relation to Gillett’s financial wellbeing. So I’ll say again - Gillett is some poker player. I almost admire his nerve. But in his shoes I’d quit while the going is as good as it is.

The only other thing I can say for sure is that Martin Broughton remains in talks with Kenneth Huang. And that Huang is still very much the front runner. But from a start point where I was sharing monumental information with a mature and generally reasonable forum this has got to a point where I now feel pressurised to provide updates and exclusives where, in reality, days can go by where not much happens. I’m just a fan, desperate to give you all good news but unless and until I can ascertain something conclusive, something that moves this thread significantly closer to the bit where we go out and celebrate, I won’t be posting for a while. And no more PM s please.
[/quote]

Don't post ever again, you know-nothing mental, fantasising bell-end.

Would be my advice
 
Hahah, looks like Huang is simply a great publicity seeker.

*pooof* there goes the dream stadium!
 
According to Rory Smith, we should take his latest press release with a large pinch of salt. Smith clearly thinks the Huang bid is seriously serious.
 
[quote author=Brendan link=topic=41235.msg1148182#msg1148182 date=1280935556]
[quote author=doctor_mac link=topic=41235.msg1148179#msg1148179 date=1280935349]
Here is Bamba (the oracle) and his latest insights:

Right, the inbox is groaning with PMs so, with respect and in the interests of sanity and practicality I’ve deleted the lot. I understand and share the clamour for info, and that’s what I’ve been trying to get all day. In a takeover process like this there will be lulls, there’ll be periods of frantic activity and today has been, in terms of solid-gold info, slow. Let’s recap…

Sunday night, Huang decides the right way to proceed is to go public with his interest. (Let’s use the name ‘Huang’ as shorthand, here. Everyone now understands that he is the front man for a takeover group of, believe me, enormous wealth. If this comes down to Martin Broughton having the casting vote, he‘ll have to apologise to Abramovich and tell him they‘re worth a hundred of him). Paul McCarthy asked on SSN why Huang refused to sign a confidentiality clause, implying that this somehow made his bid less credible. Wrong. The opposite is true. Huang has driven this right out into the open so that the world can see how much is at stake and how it’s playing out. Nobody is suggesting that, behind closed doors, the Liverpool board might feel tempted to act in an underhand way. But with Huang taking his bid out into the open air, if the LFC board DOES subsequently decide to decline his offer they’re now obliged to tell us how they reached that decision.

I get my info from six different people at differing times. Four of them I’d call friends. They’re all, in their field, very well placed, very influential. They’re people who, if anyone could know, would know what’s going on with these bids. I trust them. And after yesterday‘s board meeting, they were convinced that the Huang bid was the one being taken seriously by the board, by RBS and by Barcap. To put it another way, there is only one bid that has been referred to the Premier League by Liverpool F.C, and that’s the Huang bid.

What happened between 11 last night and 6 this morning, when Alan Myers broke his Kirdi exclusive? The nature of the exclusive was that at 2 a.m he received an email from Kirdi announcing that he was in “advanced negotiations†with Gillet and Hicks. Nowhere in that statement were the names Barcap or Broughton mentioned, and nothing has appeared since to legitimise Kirdi‘s claims that a takeover is imminent. Only Myers knows why he just happened to be checking emails at 2 a.m - a scoundrel might suggest that the board meeting didn’t go quite as Gillett and Hicks were hoping, and long-established Hicks patsy Myers was contacted as a matter of urgency. Who knows. My own immediate reaction on seeing SSN’s latest sensational(ist) twist was a wry smile and a muttered:

“Here we go then. Bit later than we thought, but here comes George’s fight back…â€

As an aside, two of my sources work at the highest level in the City. They both believe that Gillett is about to go bust. According to them, he really, really needs to walk away from this sale with some profit. The “rocket†I alluded to comes from these sources, and is in relation to Gillett’s financial wellbeing. So I’ll say again - Gillett is some poker player. I almost admire his nerve. But in his shoes I’d quit while the going is as good as it is.

The only other thing I can say for sure is that Martin Broughton remains in talks with Kenneth Huang. And that Huang is still very much the front runner. But from a start point where I was sharing monumental information with a mature and generally reasonable forum this has got to a point where I now feel pressurised to provide updates and exclusives where, in reality, days can go by where not much happens. I’m just a fan, desperate to give you all good news but unless and until I can ascertain something conclusive, something that moves this thread significantly closer to the bit where we go out and celebrate, I won’t be posting for a while. And no more PM s please.
[/quote]

Don't post ever again, you know-nothing mental, fantasising bell-end.

Would be my advice
[/quote]

He's being feted like some sort of messiah over on RAWK.

And to be fair, they should know, they've followed a few.

They say, "Give him space" "Lets have a sticky thread in which only Bamba can post". They're threatening to ban people who PM him.
 
I might sign up and take his posts but with some slight change, eg, I can confirm it was a video conference call with everyone present except Ayre, who had to wait in for British Gas to come and fix his boiler.
 
I bet only about 2 people actually PMed him. And one of those was someone letting him know about an upcoming SOS protest march.
 
'At one point Broughton appeared to make a belming 'you're a spaz' face at Pursssslow, but I can confirm he had a piece of a Garibaldi biscuit stuck between his teeth. I do not know if he tried to dislodge it with a slurp of tea at a later juncture. Or had to use his finger. Or a pen."
 
Rory Smith has been pretty spot on with everything he has said lately.

I highely doubt that this is it for the Huang bid, the statement says has registered an interest, so there is no denial of the reported interest. Strangely the only bidder that has been submitted to the Premier Leauge is Huangs, if one is to believe the stories.

Huangs group has reportedly worked 5 months on this bid, that a lot of time for a PR stunt...
 
[quote author=RolandG link=topic=41235.msg1147956#msg1147956 date=1280906994]
[quote author=Farkmaster link=topic=41235.msg1147942#msg1147942 date=1280904954]
[quote author=RolandG link=topic=41235.msg1147940#msg1147940 date=1280904723]
Whatever happens, the Kenny Huang and Kirdi will have to reveal their backers as a part of the fit and proper rules governance process. Either way, the Premier League has been informed of talks and possible change of ownership so it's definately going to happen.
[/quote]

It seems likely to happen, and a sale of some kind has to happen, but the premier league has to be informed, regardless, so it doesn't demonstrate certainty.
[/quote]

I could be wrong Farkmaster but G&H seem skint. Their particular reluctantance to plough any of their own money into the club is a good indicator of this. Hicks is all but bankrupt having lost almost his entire sporting empire and Gillett it seems is the one hanging on for dear life.

The RBS extension was a result of additional collateral requirements. If the loan is recalled I doubt that they have the means to settle the debt and this is a significant risk to the bank. I think the full financial situation is even more dire than we think. Now my understanding is that RBS is 85% owned by the government so with political pressure on the bank, G&H don't have any aces up their sleeve. G&H have a weak hand to play.

I'm pretty certain that a deal will be done in the interest of the club first, which also considers the position and interest of the bank. In this credit climate, Barcap may well buck the trend and provide G&H with credit facilities to settle RBS, but its highly unlikely give G&H financial position/creditworthiness. Hicks' bankruptcies in the States would definately have a bearing on this. The club is thriving commercially but remains at risk economically because of the debt burden.

Liverpool have witnessed a twist in their takeover saga after the emergance of reports that a consortium of Arab and Canadian businessmen are in advanced discussions with the Premier League club.

Kenny Huang was thought to be in pole position to buyout American duo George Gillett and Tom Hicks at Anfield, and Sky Sports News reported on Tuesday that the Chinese tycoon had made a formal offer.

But now a group containing investors from the Middle East and Canada, fronted by former Syria international Yahya Kirdi, are said to be finalising a purchase price, repayment of debt and financing for Liverpool's planned new stadium in Stanley Park.

Co-owner Gillett is understood to have introduced Kirdi, a Unicef representative, to senior Anfield staff and the Royal Bank of Scotland, to which the club owes a reported £250million.

Sky Sports News have quoted Kirdi as saying: "Liverpool is a massive football club with passionate and proud fans in Merseyside and in every part of the world.

"With additional money to improve the squad and financing in place to build the new stadium, Liverpool will be on a solid foundation to compete in the Premiership and in Europe for years to come."



[/quote]

There's a lot wrong in that.

1. What political pressure has ever been put on RBS by the government ? No evidence whatsoever and there is unlikely to be.

2. Hicks and Gillett have put £130m into the club in the form of debt.

3. Hicks still owns the Texas Rangers. They are up for auction very soon.

4. Gillett sold the Candiens a while back and doesn't appear to be skint.

5. The club is unprofitable even when you take out the interest payments.
 
I had one SOS bellend, one of the Irish organisers, a couple of months ago tell me that they were aware of someone lining up a bid for the club.

It's got to be Huang given where the support for him is coming from, and why the other bid is said to be not genuine.

It's still far too early to take sides in this.
 
[quote author=doctor_mac link=topic=41235.msg1148202#msg1148202 date=1280939902]
According to Rory Smith, we should take his latest press release with a large pinch of salt. Smith clearly thinks the Huang bid is seriously serious.
[/quote]

I don't get it, doc. Whose press release?
 
In response to widespread media reports that Kenny Huang had made a formal bid for Liverpool Football Club, Mr Huang would like to emphasise that he has registered interest in investing in Liverpool FC but has made no formal bid.

"There has been much speculation and commentary from a wide array of people, many of whom have little knowledge of the facts.

"Unless there is a statement that specifically comes from Mr Huang or his authorised representatives, which presently is solely Hill & Knowlton Hong Kong office, we would suggest such comments should be given little credence.

"At this point in time there is nothing further for Mr Huang to announce. If there comes a time where this changes, we will make the appropriate announcements."
 
[quote author=Judge Jules link=topic=41235.msg1148231#msg1148231 date=1280945104]
[quote author=doctor_mac link=topic=41235.msg1148202#msg1148202 date=1280939902]
According to Rory Smith, we should take his latest press release with a large pinch of salt. Smith clearly thinks the Huang bid is seriously serious.
[/quote]

I don't get it, doc. Whose press release?
[/quote]

Huang - No Reds offer
Businessman interested in investing in club


Chinese businessman Kenny Huang has confirmed his interest in investing in Liverpool, but says he has not made a formal offer for the club.

Huang, who is the founder and chairman of Hong Kong-based investment company QSL Sports Ltd, has been linked with a bid to buy out Liverpool's debt.

Current Liverpool owners George Gillett and Tom Hicks are looking to sell and several parties are reportedly interested in a takeover.

However, in a statement released to The Sport Briefing by Huang's representatives, the QSL chief has stated that reports of an official bid are premature.

Registered interest
The statement read: "In response to widespread media reports that Kenny Huang had made a formal bid for Liverpool Football Club, Mr Huang would like to emphasise that he has registered interest in investing in Liverpool FC but has made no formal bid.

"There has been much speculation and commentary from a wide array of people, many of whom have little knowledge of the facts.

"Unless there is a statement that specifically comes from Mr Huang or his authorised representatives, which presently is solely Hill & Knowlton Hong Kong office, we would suggest such comments should be given little credence.

"At this point in time there is nothing further for Mr Huang to announce. If there comes a time where this changes, we will make the appropriate announcements."

Huang is backed by one of the wealthiest investment funds in the Far East and is well known in China for his interests in baseball and basketball, having last year bought a 15% stake in NBA franchise Cleveland Cavaliers.

He also has long-term deals to develop China's domestic baseball and basketball leagues in a nation where the two sports are rapidly growing in popularity.
 
Tony Barrett has just said huang hasn't made a bid BUT he has made a proposal. Takes some media attention away from him
 
[quote author=Hansern link=topic=41235.msg1148240#msg1148240 date=1280945685]
Tony Barrett has just said huang hasn't made a bid BUT he has made a proposal. Takes some media attention away from him
[/quote]

I thought both Hicks and Gillet were married already ?
 
[quote author=Rosco link=topic=41235.msg1148241#msg1148241 date=1280945813]
[quote author=Hansern link=topic=41235.msg1148240#msg1148240 date=1280945685]
Tony Barrett has just said huang hasn't made a bid BUT he has made a proposal. Takes some media attention away from him
[/quote]

I thought both Hicks and Gillet were married already ?
[/quote]

Boomtisssh
 
[quote author=Rosco link=topic=41235.msg1148253#msg1148253 date=1280947140]
What's the difference between a bid and a proposal ?
[/quote]

You'll have to ask Tony Barrett about that. He also said Huangs interest is for real.

Tony Barrett usually knows his stuff.
 
Tony Barrett justs writes what he's told.

It's pretty clear that if Huang has been in talks his interest is real.
 
[quote author=Rosco link=topic=41235.msg1148253#msg1148253 date=1280947140]
What's the difference between a bid and a proposal ?
[/quote]

I'm guessing a proposal would be some form of inital plan which, subject to acceptance, becomes an official bid that has legal implications. But I really am guessing. I know fuck all. Thank fuck I'll be offline for a week because all this is doing my noggin in.
 
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