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Kenny Huang leading serious bid for LFC

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[quote author=jexykrodic link=topic=41235.msg1148534#msg1148534 date=1280995926]
[quote author=Rafa4PM link=topic=41235.msg1148523#msg1148523 date=1280995166]
"According to the frontpage lead of The Times, 'The Chinese Government is the mystery backer behind a bid for Liverpool Football Club... The debt-laden club is expected to change hands this month and last night the Chinese appeared to be in pole position to win a three-way takeover battle. The other bidders are a wealthy Kuwaiti family and an American private equity group.'

Meanwhile, the backpage of the newspaper is dominated by the claim that 'Roy Hodgson will keep his job as Liverpool manager and be handed £150 million to spend on new players if the Chinese Government's bid to buy the club proves successful.'

[/quote]

Personally I find it a tad difficult to believe that the Chinese Government (mystery backer ha ha ha) would be so open about it's intentions before a formal bid has been made. Even less likely is a Times reporter has a source in the Chinese Government, although I'd be impressed if they did.
[/quote]

The fact that this is being reported in China means it is probably kosher. To be fair, it also fits with the information linked by the 'insider' types before this story broke.
 
[quote author=doctor_mac link=topic=41235.msg1148515#msg1148515 date=1280993246]
Honestly, this could be immense. Ross's comment about mugs the other day. Selling tens of millions of $4 mugs/ wallets/ torches/ duvet covers etc. etc. makes merchandising sounds pretty fucking profitable. And because the government own them I'd expect a serious clampdown on counterfeit goods, perhaps with the threat of torture- or it might even be considered treason so the death penalty is probably an option.

[/quote]

Cough cough - my comments I think. Ross was pretty negative.

The death penalty would only be enforced on United supporters.
 
[quote author=Rafa4PM link=topic=41235.msg1148527#msg1148527 date=1280995487]
[quote author=DHSC link=topic=41235.msg1148524#msg1148524 date=1280995312]
150m!!!!!!!

'll be fucking gutted if nothing happens.
[/quote]

We could get at least 35 GK's and 25 decent CB's with that!
[/quote]

While Snejder will find him self covering Inters left back (whoever will play that position any given sunday).
 
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
 
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

We love you Riverpool we do, we love you Riverpool..........etc
 
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

You are aware that they will shoot you if you try to come up with something clever?
 
[quote author=Pesam link=topic=41235.msg1148550#msg1148550 date=1280997379]
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

We rove you Riverpool we do, we rove you Riverpool..........etc
[/quote]

You need to turn all the L's into R's 😉
 
So where do SoS stand on this? Side by side with their comrades in a distant land? Or is it insidious capitalism draped in a red flag?
 
[quote author=The Slugmonster link=topic=41235.msg1148558#msg1148558 date=1280997605]
[quote author=Pesam link=topic=41235.msg1148550#msg1148550 date=1280997379]
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

We rove you Riverpool we do, we rove you Riverpool..........etc
[/quote]

You need to turn all the L's into R's 😉
[/quote]

That is true ONLY if the Japanese buys Riverpoor
 
[quote author=TheBunnyman link=topic=41235.msg1148560#msg1148560 date=1280997663]
So where do SoS stand on this? Side by side with their comrades in a distant land? Or is it insidious capitalism draped in a red flag?

[/quote]

They are to busy changing the faces of the previous LFC managers on their red flag to the historical foremen of China to ,ake a comment.
 
[quote author=Y1 link=topic=41235.msg1148562#msg1148562 date=1280997718]
[quote author=The Slugmonster link=topic=41235.msg1148558#msg1148558 date=1280997605]
[quote author=Pesam link=topic=41235.msg1148550#msg1148550 date=1280997379]
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

We rove you Riverpool we do, we rove you Riverpool..........etc
[/quote]

You need to turn all the L's into R's 😉
[/quote]

That is true ONLY if the Japanese buys Riverpoor
[/quote]

Potato, potato, spud!
 
There are 5 stars on the Chinese flag, so I'm sure we can expect some European banners exploiting this.
 
[quote author=spider-neil link=topic=41235.msg1148581#msg1148581 date=1280998809]
so everytime the CIC need to raise money they have to liquidated stock?
[/quote]

No. "The Times" today says they have more than £330 billion to spend on overseas acquisitions.
 
[quote author=The Slugmonster link=topic=41235.msg1148569#msg1148569 date=1280998004]
[quote author=Y1 link=topic=41235.msg1148562#msg1148562 date=1280997718]
[quote author=The Slugmonster link=topic=41235.msg1148558#msg1148558 date=1280997605]
[quote author=Pesam link=topic=41235.msg1148550#msg1148550 date=1280997379]
[quote author=TheBunnyman link=topic=41235.msg1148547#msg1148547 date=1280997121]
This is fucking unbelievable! The Chinese government!!! We'd better come up with a really clever fucking song if this actually happens...
[/quote]

We rove you Riverpool we do, we rove you Riverpool..........etc
[/quote]

You need to turn all the L's into R's 😉
[/quote]

That is true ONLY if the Japanese buys Riverpoor
[/quote]

Potato, potato, spud!
[/quote]

Wascist.
 
Just a quick round up of what's being said in todays papers:

Takeover of Liverpool: The exclusive in The Guardian is by Matt Scott who reports “The Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger that the China Investment Corporation, the sovereign wealth fund to the world’s most populous nation, is the organisation being fronted by Huang, who yesterday admitted interest in bidding for Liverpool. In a series of trades since 19 July, CIC has sold $558m of shares in Morgan Stanley, equating to £351.4m. That sum is equivalent to Liverpool’s debt to the nearest decimal place, and is exactly the number insiders say has been quoted to interested parties as the sale price.â€

Ian Herbert also back the Chinese in The Independent. “Liverpool’s American owners Tom Hicks and George Gillett appeared to be losing their fight to walk away from the club with a profit last night as Gillett’s preferred Syrian buy-out bid was widely dismissed as lacking credibility and the rival Chinese move for the club was revealed to be backed by the state-owned Chinese Investment Corporation (CIC) which has $332bn (£209bn) of assets under management. In a day of dramatic scrambling for the ownership of Liverpool, which coincided with manager Roy Hodgson confirming he is ready to make an £8m bid to bring Juventus’ defensive midfielder Christian Poulsen to Anfield as a likely replacement for Javier Mascherano, representatives of Yahya Kirdi, a former Syria international now fronting one bid, insisted that a price has been agreed and a formal purchase agreement ‘is in the final stage of negotiation’.â€

Phil Thomas bills it as “China v India for Kop control.†“Indian billionaires Mukesh Ambani and Subrata Roy face the Chinese government in the battle to buy Liverpool. The tycoons tabled their bid for the Reds nine months after failing to buy a 51 per cent share in the Anfield outfit. They join at least four other interested buyers including Chinese businessman Kenny Huang, who has already held talks about buying Liverpool’s £237million debt off the Royal Bank of Scotland. Huang, backed by the £209bn Chinese Investment Corporation, was favourite to replace unpopular Yank owners Tom Hicks and George Gillett. He is said to be backing boss Roy Hodgson with a £150m transfer kitty. But he Anfield auction is now wide open.â€
 
[quote author=Rafa4PM link=topic=41235.msg1148591#msg1148591 date=1280999134]


Takeover of Liverpool: The exclusive in The Guardian is by Matt Scott who reports “The Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger that the China Investment Corporation,
[/quote]

who knew john barnes had so much influence in the business world.
 
[quote author=FPI Project link=topic=41235.msg1148582#msg1148582 date=1280998842]
Had to laugh at a headline in the paper the other day

'You'll never Wok alone'
[/quote]

Now that is more like it.
 
[quote author=Judge Jules link=topic=41235.msg1148587#msg1148587 date=1280999036]
[quote author=spider-neil link=topic=41235.msg1148581#msg1148581 date=1280998809]
so everytime the CIC need to raise money they have to liquidated stock?
[/quote]

No. "The Times" today says they have more than £330 billion to spend on overseas acquisitions.
[/quote]

they have far more than that really. China also has 2 trillion of foreign reserves they can call on

The question is, instead of buying up the worlds resources, why would they want to buy a football club? doesn't make much sense
 
[quote author=spider-neil link=topic=41235.msg1148581#msg1148581 date=1280998809]
so everytime the CIC need to raise money they have to liquidated stock?
[/quote]

I am quite sure the Chinese Treasury will be able to pour more liquidity into CIC if the need arise. They have so much foreign reserves in US$ it is unimaginable. Raising funds by selling stocks is only one way.
 
[quote author=rebel23 link=topic=41235.msg1148599#msg1148599 date=1280999530]
[quote author=Judge Jules link=topic=41235.msg1148587#msg1148587 date=1280999036]
[quote author=spider-neil link=topic=41235.msg1148581#msg1148581 date=1280998809]
so everytime the CIC need to raise money they have to liquidated stock?
[/quote]

No. "The Times" today says they have more than £330 billion to spend on overseas acquisitions.
[/quote]

they have far more than that really. China also has 2 trillion of foreign reserves they can call on

The question is, instead of buying up the worlds resources, why would they want to buy a football club? doesn't make much sense


[/quote]

Prestige.
 
[quote author=doctor_mac link=topic=41235.msg1148602#msg1148602 date=1280999599]
[quote author=rebel23 link=topic=41235.msg1148599#msg1148599 date=1280999530]
[quote author=Judge Jules link=topic=41235.msg1148587#msg1148587 date=1280999036]
[quote author=spider-neil link=topic=41235.msg1148581#msg1148581 date=1280998809]
so everytime the CIC need to raise money they have to liquidated stock?
[/quote]

No. "The Times" today says they have more than £330 billion to spend on overseas acquisitions.
[/quote]

they have far more than that really. China also has 2 trillion of foreign reserves they can call on

The question is, instead of buying up the worlds resources, why would they want to buy a football club? doesn't make much sense


[/quote]

Prestige.
[/quote]

Maybe after making so much money they just wanna have fun?

Maybe it is the new religion to be the opiate of their masses?
 
No, they want still more money. Rich people/organisations usually do, and besides it gives them even more political leverage.
 
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