Kenny Huang leading serious bid for LFC
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Tony Barrett: 'Takeover talks are currently taking place at a very high level. #LFC have not been at this stage before'
Tony Barrett has been assured in the last hour that Mr Huang issued no such denial, although to expect statement later today #lfc
To clarify we have been told Huang may issue a statement on #lfc later today, although we have no idea what information it might contain
From Ben Smith The Times
Wow, Twitter is an excellent source for info regarding the take over and transfers.
Tony Barrett has been assured in the last hour that Mr Huang issued no such denial, although to expect statement later today #lfc
To clarify we have been told Huang may issue a statement on #lfc later today, although we have no idea what information it might contain
From Ben Smith The Times
Wow, Twitter is an excellent source for info regarding the take over and transfers.
[quote author=LadyRed link=topic=41235.msg1148851#msg1148851 date=1281027311]
Ha, I like Del's answer better than yours, Jack.
Really though, didn't he deny putting in any bid for us? Is this link dead now or what?
[/quote]
It's definitely not dead.
Ha, I like Del's answer better than yours, Jack.
Really though, didn't he deny putting in any bid for us? Is this link dead now or what?
[/quote]
It's definitely not dead.
I dont see why it should be a problem.
*waits for more savvy mod to pop in*
*waits for more savvy mod to pop in*
Tony Barrett:
Afternoon, we may as well get straight into it because everyone will be desperate for information abut what is happening at Liverpool at the moment. I know I am!
Thursday August 5, 2010 14:29
Comment From Mike
Tom Cannon(SSN) suggests The Times may well have got it wrong with their big story. Got anything to say back?
Thursday August 5, 2010 14:35
Tony Barrett:
Mr Cannon is perfectly entitled to his opinion and he can point to his own record of calling the big issues rightly or wrongly.
Comment From Barrie
Is this a lot of fuss about nothing? DIC were financed from the government coffers and everybody was lauding them at the time.
Thursday August 5, 2010 14:37
Tony Barrett:
Good question Barrie. There is a lot of fuss but I'm not sure it's about nothing. There is a battle on to own one of the world's most renowed sporting institutions and that is always going to create massive interest. Add into the equation that Liverpool could be bought by the investment arm of the Chinese government and you've got a massive talking point on so many levels. I take your point about DIC though, there is nothing yet apart from indications to indicate that Liverpool will be put on sound financial footing if they are eventually bought by Kenny Huang.
Comment From Phil
Tony, is there any danger in your eyes that Broughton could opt for a deal that favours the Americans over the club's long term health given that he was brought in by them to sort out the deal?
Thursday August 5, 2010 14:40
Tony Barrett:
You would certainly hope not Phil. When you look at it Martin Broughton appears to have two options. 1. Do the right deal for the Americans, watch Liverpool's problems multiply and see his own reputation go up in flames or 2. Find the right owners, secure the club's future and take his place in history as the man who helped save Liverpool FC. Surely that would be an easy enough decision to make for a man of Mr Broughton's renowned business acumen.
Thursday August 5, 2010 14:42
Comment From Guest
Tony, If the Chinese do take over is there any indication that they will speak to the SOS union to get our view on how the club could be better run for the fans ?
Thursday August 5, 2010 14:43
Tony Barrett:
Afternoon Burnsie, I would expect any new owners, whoever they may be, to speak to supporters groups. Obviously, the new owners would have the right to speak to no-one if they so desire but in the best interest of the club you would hope that they would embrace fans in a way that Hicks and Gillett totally failed to do. The more open they can be with supporters the more they will be trusted and that would obviously be better for everyone than the situation we have had for the past two or three years.
Comment From Ashley Escobar
Tony, how comes the club can't do anything to stop people like this Kirdi joke publicly stating he is negotiating a buyout when we know he is infact not? Surely there is an element of criminality in stating false facts to inflate the price of a company?
Thursday August 5, 2010 14:46
Tony Barrett:
To be fair to Mr Kirdi, there is no evidence that he is artificially trying to lift the price, although there are obviously people who feel this is the case. The problem with the sale of a club like Liverpool is it is such a high profile institution that it is always going to attract massive media interest and one of the by-products of this is you will always get people trying to take advantage of it and make a name for themselves. It is up to Barcap and Martin Broughton to sort out the genuine investors from the impostors and until an unless Kirdi is categorically ruled out of the process the media has to treat him with a degree of seriousness even if we feel his actions will not ultimately match his words.
Thursday August 5, 2010 14:50
Comment From Mike
Your mate Tony Evans made a fool out of himself this summer, with im saying Gerrard and Torres where deffo leaving and it was all doom and gloom,
Thursday August 5, 2010 14:51
Tony Barrett:
Alright Mike, the nature of journalism is you will sometimes call stories right and sometimes you will get them badly wrong. I've made plenty of mistakes in my time and I know for an absolute fact that I'll make many more in the time to come. Without wishing to defend my boss (I'm quite happy for him to get it in the neck from time to time), the situation with Liverpool has been so fluid and changeable this summer that it has been hard to call anything right one way or another. At the end of May I was convinced that Liverpool would lose Gerrard or Torres or both. By the end of June I didn't think that would be the case but there were still plenty of people, including some at the club, who feared Liverpoool would lose at least one of their star players. That hasn't happened but anyone who thinks it was never a possibility is misguided.
Thursday August 5, 2010 14:55
Comment From Dave
How confident are you that CIC are behind the bid, another boradsheet is reporting that Kenny Huang PR agency has released a statemnt that CIC are not behind the bid.
Thursday August 5, 2010 14:55
Tony Barrett:
Hello Dave, to be fair the line about CIC wasn't mine so I can't be 100% sure of anything. The story was written by Helen Power, our business reporter who has unbelievable contacts in the financial world, and Tony Evans, who broke the original story about the interest from Mr Huang. I wouldn't hesitate in backing their judgement on this because they are about as close to the issue as it is possible to be. But there may be some smoke and mirrors to come simply because this is such a complex situation and maybe we won't have conclusive confirmation about who is and isn't involved in the bid until it is or isn't accepted.
Thursday August 5, 2010 14:58
Comment From Tony
Do you think James Milner is a possibilty?
Thursday August 5, 2010 15:03
Tony Barrett:
You would certainly hope not at the price Aston Villa are quoting. If Liverpool went down the Manchester City route of buying mediocre players at vastly inflated prices it would be almost as depressing as having no transfer funds at all.
Comment From Peter
Hi Tony, when do you think we will see a completed take over announced?
Thursday August 5, 2010 15:04
Tony Barrett:
Hello Peter, I keep hearing different things. Someone said to me earlier on today that Huang's bid is now "unstoppable" and could be complete within a week. Someone else said I should stand by my phone - whatever that means - because it could happen any day. The only thing that is clear is that Huang's bid has momentum.
Thursday August 5, 2010 15:05
Comment From HAtem
Hi Tony, Forgive me for being negative but we seem to get a whole waft of takeover rumours just before the deadline for refinancing with RBS - What makes you think this is genuine?
Thursday August 5, 2010 15:06
Tony Barrett:
I appreciate your cynicism, it's fully justified given everything that's happened over the last few years. This situation is different, though. Huang's interest is bona fide, as confirmed by the banks involved and Huang himself, and talks are currently taking place at a very high level. We have never been at this stage before.
Comment From James
Is this transfer budget of £150m anything like reality? If so where is that information coming from and who are realistic targets?
Thursday August 5, 2010 15:09
Tony Barrett:
Hello James, again that wasn't my line. That piece of information came from Tony Evans who is as close to this situation as anyone. All the indications are that Huang will invest heavily in the playing squad if and when a takeover is complete. But as ever the proof will be in the pudding. Just as long as he doesn't promise to sign Snoogy Doogy I think he'll be on the right lines.
Thursday August 5, 2010 15:11
Comment From Steve
From the information you have from you're sources, what does you'e gut feeling say when it comes to the next name over the door at Anfield?
Thursday August 5, 2010 15:11
Tony Barrett:
I'd say Huang is clear favourite.
Thursday August 5, 2010 15:11
Comment From Pete F
Tony, Its been denied this afternoon that Kenny Huang is being backed by the Chinese state, via a statement.
Thursday August 5, 2010 15:12
Tony Barrett:
Hello Pete, that's not the situation as I understand it having communicated with Huang's representatives in the last hour. I stand to be corrected if there is other information available though.
Thursday August 5, 2010 15:13
Comment From Sat
Tony, How is the decision going to be made on the new owners. Its rumoured to be the board would that include the Hicks, Gillete, Purslow, Ayres and Broughton or is it just Broughtons decsion?
Thursday August 5, 2010 15:15
Tony Barrett:
The board will make the decision and Broughton could have the casting vote.
Comment From Phil M
Are there any indications how the Chinese would run the club day to day if they were successful? Do you think it likely that Purslow and Ayre will remain?
Thursday August 5, 2010 15:16
Tony Barrett:
Hello Phil, all the indications up to now are that there is no desire for a cull of Liverpool's executive.
Thursday August 5, 2010 15:17
Comment From Dave
Hi Tony, why do you think that Kenny Huang has issued a statement denying backing by CIC.
Thursday August 5, 2010 15:18
Tony Barrett:
I've just been assured that Mr Huang and his representatives have issued no such statement, although one could follow later today. I have no idea what information it might contain though.
Thursday August 5, 2010 15:18
Comment From Sam
Hi Tony, do you think that Hodgson is the man to take Liverpool FC forward to where it deserves to be, assuming the takeover goes through?
Thursday August 5, 2010 15:20
Tony Barrett:
Good question Sam. The one thing you could guarantee would be that Hodgson would come under even greater pressure if a takeover went through. If results dipped the situation could quickly become intolerable. I hope that isn't the case because Hodgson deserves the time and the opportunity to prove that he is the man to turn Liverpool around.
Thursday August 5, 2010 15:21
Comment From Mike
If the Chinese do take over - what's the likelihood of us retaining our unique character and ethos?
Thursday August 5, 2010 15:22
Tony Barrett:
That will be the biggest challenge of all Mike. For me, Liverpool has already lost a lot of its unique character in recent years and a deluge of cash could change it beyond all recognition. It would be up to the new owners to ensure they take the necessary steps to ensure this doesn't happen.
Thursday August 5, 2010 15:23
Tony Barrett:
Hello James, I've been impressed with Hodgson. He is very straight and forthright and I get the impression most people enjoy dealing with him.
Thursday August 5, 2010 15:25
Comment From Dave
why are we linked with journey men like Young, Konchesky and Poulsen
Thursday August 5, 2010 15:26
Tony Barrett:
I'm afraid that's a natural result of the manager being deprived of genuine transfer funds Dave. Unfortunately for Hodgson, he inherited a situation in which money is incredibly hard to come by and unless there is a takeover the likes of Konchesky and Young will represent the summit of their ambition.
Thursday August 5, 2010 15:28
Tony Barrett:
On that note, I'll have to take my leave and go to check out whatever the latest breaking news is on Sky. If there is a statement from either Huang or CIC then you can rest assured it will appear in tomorrow's newspaper but I need to find out what's going on first before I can call it either way. Thanks for all your questions and hopefully the next time I do one of these the Liverpool situation will have been resolved altogether.
Thursday August 5, 2010 15:33
Afternoon, we may as well get straight into it because everyone will be desperate for information abut what is happening at Liverpool at the moment. I know I am!
Thursday August 5, 2010 14:29
Comment From Mike
Tom Cannon(SSN) suggests The Times may well have got it wrong with their big story. Got anything to say back?
Thursday August 5, 2010 14:35
Tony Barrett:
Mr Cannon is perfectly entitled to his opinion and he can point to his own record of calling the big issues rightly or wrongly.
Comment From Barrie
Is this a lot of fuss about nothing? DIC were financed from the government coffers and everybody was lauding them at the time.
Thursday August 5, 2010 14:37
Tony Barrett:
Good question Barrie. There is a lot of fuss but I'm not sure it's about nothing. There is a battle on to own one of the world's most renowed sporting institutions and that is always going to create massive interest. Add into the equation that Liverpool could be bought by the investment arm of the Chinese government and you've got a massive talking point on so many levels. I take your point about DIC though, there is nothing yet apart from indications to indicate that Liverpool will be put on sound financial footing if they are eventually bought by Kenny Huang.
Comment From Phil
Tony, is there any danger in your eyes that Broughton could opt for a deal that favours the Americans over the club's long term health given that he was brought in by them to sort out the deal?
Thursday August 5, 2010 14:40
Tony Barrett:
You would certainly hope not Phil. When you look at it Martin Broughton appears to have two options. 1. Do the right deal for the Americans, watch Liverpool's problems multiply and see his own reputation go up in flames or 2. Find the right owners, secure the club's future and take his place in history as the man who helped save Liverpool FC. Surely that would be an easy enough decision to make for a man of Mr Broughton's renowned business acumen.
Thursday August 5, 2010 14:42
Comment From Guest
Tony, If the Chinese do take over is there any indication that they will speak to the SOS union to get our view on how the club could be better run for the fans ?
Thursday August 5, 2010 14:43
Tony Barrett:
Afternoon Burnsie, I would expect any new owners, whoever they may be, to speak to supporters groups. Obviously, the new owners would have the right to speak to no-one if they so desire but in the best interest of the club you would hope that they would embrace fans in a way that Hicks and Gillett totally failed to do. The more open they can be with supporters the more they will be trusted and that would obviously be better for everyone than the situation we have had for the past two or three years.
Comment From Ashley Escobar
Tony, how comes the club can't do anything to stop people like this Kirdi joke publicly stating he is negotiating a buyout when we know he is infact not? Surely there is an element of criminality in stating false facts to inflate the price of a company?
Thursday August 5, 2010 14:46
Tony Barrett:
To be fair to Mr Kirdi, there is no evidence that he is artificially trying to lift the price, although there are obviously people who feel this is the case. The problem with the sale of a club like Liverpool is it is such a high profile institution that it is always going to attract massive media interest and one of the by-products of this is you will always get people trying to take advantage of it and make a name for themselves. It is up to Barcap and Martin Broughton to sort out the genuine investors from the impostors and until an unless Kirdi is categorically ruled out of the process the media has to treat him with a degree of seriousness even if we feel his actions will not ultimately match his words.
Thursday August 5, 2010 14:50
Comment From Mike
Your mate Tony Evans made a fool out of himself this summer, with im saying Gerrard and Torres where deffo leaving and it was all doom and gloom,
Thursday August 5, 2010 14:51
Tony Barrett:
Alright Mike, the nature of journalism is you will sometimes call stories right and sometimes you will get them badly wrong. I've made plenty of mistakes in my time and I know for an absolute fact that I'll make many more in the time to come. Without wishing to defend my boss (I'm quite happy for him to get it in the neck from time to time), the situation with Liverpool has been so fluid and changeable this summer that it has been hard to call anything right one way or another. At the end of May I was convinced that Liverpool would lose Gerrard or Torres or both. By the end of June I didn't think that would be the case but there were still plenty of people, including some at the club, who feared Liverpoool would lose at least one of their star players. That hasn't happened but anyone who thinks it was never a possibility is misguided.
Thursday August 5, 2010 14:55
Comment From Dave
How confident are you that CIC are behind the bid, another boradsheet is reporting that Kenny Huang PR agency has released a statemnt that CIC are not behind the bid.
Thursday August 5, 2010 14:55
Tony Barrett:
Hello Dave, to be fair the line about CIC wasn't mine so I can't be 100% sure of anything. The story was written by Helen Power, our business reporter who has unbelievable contacts in the financial world, and Tony Evans, who broke the original story about the interest from Mr Huang. I wouldn't hesitate in backing their judgement on this because they are about as close to the issue as it is possible to be. But there may be some smoke and mirrors to come simply because this is such a complex situation and maybe we won't have conclusive confirmation about who is and isn't involved in the bid until it is or isn't accepted.
Thursday August 5, 2010 14:58
Comment From Tony
Do you think James Milner is a possibilty?
Thursday August 5, 2010 15:03
Tony Barrett:
You would certainly hope not at the price Aston Villa are quoting. If Liverpool went down the Manchester City route of buying mediocre players at vastly inflated prices it would be almost as depressing as having no transfer funds at all.
Comment From Peter
Hi Tony, when do you think we will see a completed take over announced?
Thursday August 5, 2010 15:04
Tony Barrett:
Hello Peter, I keep hearing different things. Someone said to me earlier on today that Huang's bid is now "unstoppable" and could be complete within a week. Someone else said I should stand by my phone - whatever that means - because it could happen any day. The only thing that is clear is that Huang's bid has momentum.
Thursday August 5, 2010 15:05
Comment From HAtem
Hi Tony, Forgive me for being negative but we seem to get a whole waft of takeover rumours just before the deadline for refinancing with RBS - What makes you think this is genuine?
Thursday August 5, 2010 15:06
Tony Barrett:
I appreciate your cynicism, it's fully justified given everything that's happened over the last few years. This situation is different, though. Huang's interest is bona fide, as confirmed by the banks involved and Huang himself, and talks are currently taking place at a very high level. We have never been at this stage before.
Comment From James
Is this transfer budget of £150m anything like reality? If so where is that information coming from and who are realistic targets?
Thursday August 5, 2010 15:09
Tony Barrett:
Hello James, again that wasn't my line. That piece of information came from Tony Evans who is as close to this situation as anyone. All the indications are that Huang will invest heavily in the playing squad if and when a takeover is complete. But as ever the proof will be in the pudding. Just as long as he doesn't promise to sign Snoogy Doogy I think he'll be on the right lines.
Thursday August 5, 2010 15:11
Comment From Steve
From the information you have from you're sources, what does you'e gut feeling say when it comes to the next name over the door at Anfield?
Thursday August 5, 2010 15:11
Tony Barrett:
I'd say Huang is clear favourite.
Thursday August 5, 2010 15:11
Comment From Pete F
Tony, Its been denied this afternoon that Kenny Huang is being backed by the Chinese state, via a statement.
Thursday August 5, 2010 15:12
Tony Barrett:
Hello Pete, that's not the situation as I understand it having communicated with Huang's representatives in the last hour. I stand to be corrected if there is other information available though.
Thursday August 5, 2010 15:13
Comment From Sat
Tony, How is the decision going to be made on the new owners. Its rumoured to be the board would that include the Hicks, Gillete, Purslow, Ayres and Broughton or is it just Broughtons decsion?
Thursday August 5, 2010 15:15
Tony Barrett:
The board will make the decision and Broughton could have the casting vote.
Comment From Phil M
Are there any indications how the Chinese would run the club day to day if they were successful? Do you think it likely that Purslow and Ayre will remain?
Thursday August 5, 2010 15:16
Tony Barrett:
Hello Phil, all the indications up to now are that there is no desire for a cull of Liverpool's executive.
Thursday August 5, 2010 15:17
Comment From Dave
Hi Tony, why do you think that Kenny Huang has issued a statement denying backing by CIC.
Thursday August 5, 2010 15:18
Tony Barrett:
I've just been assured that Mr Huang and his representatives have issued no such statement, although one could follow later today. I have no idea what information it might contain though.
Thursday August 5, 2010 15:18
Comment From Sam
Hi Tony, do you think that Hodgson is the man to take Liverpool FC forward to where it deserves to be, assuming the takeover goes through?
Thursday August 5, 2010 15:20
Tony Barrett:
Good question Sam. The one thing you could guarantee would be that Hodgson would come under even greater pressure if a takeover went through. If results dipped the situation could quickly become intolerable. I hope that isn't the case because Hodgson deserves the time and the opportunity to prove that he is the man to turn Liverpool around.
Thursday August 5, 2010 15:21
Comment From Mike
If the Chinese do take over - what's the likelihood of us retaining our unique character and ethos?
Thursday August 5, 2010 15:22
Tony Barrett:
That will be the biggest challenge of all Mike. For me, Liverpool has already lost a lot of its unique character in recent years and a deluge of cash could change it beyond all recognition. It would be up to the new owners to ensure they take the necessary steps to ensure this doesn't happen.
Thursday August 5, 2010 15:23
Tony Barrett:
Hello James, I've been impressed with Hodgson. He is very straight and forthright and I get the impression most people enjoy dealing with him.
Thursday August 5, 2010 15:25
Comment From Dave
why are we linked with journey men like Young, Konchesky and Poulsen
Thursday August 5, 2010 15:26
Tony Barrett:
I'm afraid that's a natural result of the manager being deprived of genuine transfer funds Dave. Unfortunately for Hodgson, he inherited a situation in which money is incredibly hard to come by and unless there is a takeover the likes of Konchesky and Young will represent the summit of their ambition.
Thursday August 5, 2010 15:28
Tony Barrett:
On that note, I'll have to take my leave and go to check out whatever the latest breaking news is on Sky. If there is a statement from either Huang or CIC then you can rest assured it will appear in tomorrow's newspaper but I need to find out what's going on first before I can call it either way. Thanks for all your questions and hopefully the next time I do one of these the Liverpool situation will have been resolved altogether.
Thursday August 5, 2010 15:33
[quote author=Hansern link=topic=41235.msg1148505#msg1148505 date=1280990733]
[quote author=Rosco link=topic=41235.msg1148502#msg1148502 date=1280990115]
[quote author=Hansern link=topic=41235.msg1148494#msg1148494 date=1280989431]
I said this in the start of thread, and was shot down by Ross I think. The Times confirms what I've read on an another forum to be true.
[/quote]
What did I shoot down ?
Is it the company law element of things which the newspapers are clueless about ?
[/quote]
I talked about the financial muscle behind Huangs bid, and you said here we go again. Doesn't matter anyway, the story got more legs when the TImes and Barrett reporeted it.
[/quote]
I don't doubt the "financial muscle" , I doubt we'll see any of it.
And if you want to believe what's in the paper instead of common sense then by all means go ahead. We're clearly being fed a nice PR line, just like we were by the Yanks.
Have a read of Flat Earth News by Nick Davies btw.
[quote author=Rosco link=topic=41235.msg1148502#msg1148502 date=1280990115]
[quote author=Hansern link=topic=41235.msg1148494#msg1148494 date=1280989431]
I said this in the start of thread, and was shot down by Ross I think. The Times confirms what I've read on an another forum to be true.
[/quote]
What did I shoot down ?
Is it the company law element of things which the newspapers are clueless about ?
[/quote]
I talked about the financial muscle behind Huangs bid, and you said here we go again. Doesn't matter anyway, the story got more legs when the TImes and Barrett reporeted it.
[/quote]
I don't doubt the "financial muscle" , I doubt we'll see any of it.
And if you want to believe what's in the paper instead of common sense then by all means go ahead. We're clearly being fed a nice PR line, just like we were by the Yanks.
Have a read of Flat Earth News by Nick Davies btw.
This thread and the whole takeover saga just seems like a game of Chinese whispers.
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
Yang Guang is Chinese for "group sex".
I don't think everyone reckons he's a mentalist, but most people have him pegged as a dick.
What's sunshine Chinese for then?
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Which is exactly what I said earlier in reply to a post on CIC.
I'm still feeling good about this, it makes a lot of sense to me looking at it from a Chinese perspective. Chinese investment groups having been buying up all and sundry over the last two to three years.
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Which is exactly what I said earlier in reply to a post on CIC.
I'm still feeling good about this, it makes a lot of sense to me looking at it from a Chinese perspective. Chinese investment groups having been buying up all and sundry over the last two to three years.
[quote author=Frogfish link=topic=41235.msg1149254#msg1149254 date=1281067126]
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Which is exactly what I said earlier in reply to a post on CIC.
I'm still feeling good about this, it makes a lot of sense to me looking at it from a Chinese perspective. Chinese investment groups having been buying up all and sundry over the last two to three years.
[/quote]
Yup, they have been buying dull stuff like mines, airlines, oil reserves and properties. Now is the time for fun fun fun! Yeah.
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Which is exactly what I said earlier in reply to a post on CIC.
I'm still feeling good about this, it makes a lot of sense to me looking at it from a Chinese perspective. Chinese investment groups having been buying up all and sundry over the last two to three years.
[/quote]
Yup, they have been buying dull stuff like mines, airlines, oil reserves and properties. Now is the time for fun fun fun! Yeah.
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Just to clarify something now that I've been able to read more in the newspaper about it...
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Just to clarify something now that I've been able to read more in the newspaper about it...
Liverpool tell their bidders to show them the money
Tony Evans I Helen Power
Updated 1 minute ago
Deadline set with Chinese in pole position
Liverpool have told potential bidders for the club that they have until the middle of next week to prove they have the cash. The Times has also learnt more details about the leading bid, backed by the Chinese Government.
Martin Broughton, the Liverpool chairman, set the deadline yesterday. The club could change ownership as quickly as next Friday with the consortium fronted by Kenny Huang, the Hong Kong-based entrepreneur, remaining in pole position.
China Investment Capital (CIC), the investment arm of the Chinese Government, holds a significant stake in the bid, as revealed by The Times yesterday. It has now emerged that the man responsible for raising cash for the Chinese consortium is Dr Yang Guang, the executive vice-president of Franklin Templeton Investments, one of the largest global investment fund groups.
The New York-based Guang has acquired finance from a number of sources, including significant investment from banking institutions, but CIC would hold the majority stake in any takeover. However, CIC will not invest directly in the Merseyside club, but into a new company created specifically to push the deal through.
Guang joined QSL Sports Limited, Huang’s company, in May and has been a conduit for Chinese investment in the West since the early 1990s. The Harvard-educated financier has strong links with the Chinese Government.
Despite reports to the contrary yesterday, CIC has not denied its involvement in the Liverpool bid. Officials at China’s investment fund have assessed the business plans for the club and believe that CIC will make a considerable profit by pumping money into Anfield.
The decision to attempt to invest in Liverpool was taken purely on money-making potential and sources close to the deal were keen to distinguish CIC’s intentions from the takeovers at Chelsea and Manchester City, which came down to the decisions of rich individuals — Roman Abramovich and Sheihk Mansour respectively — to buy the clubs.
Unlike the owners of Chelsea and City, CIC would have little input in the day-to-day running of the club. Decision-making at Anfield would be left to executives with extensive experience in the Premier League, with new positions created to exploit Far Eastern markets.
Huang has already told Barclays Capital (BarCap), the investment bank brokering the sale, the Premier League and Broughton that he has the backing of CIC. BarCap needs proof that bidders are good for the £300 million plus required to buy the club before they can pass through to a final round of the auction.
Supporter reaction to the idea of Chinese-led ownership was generally favourable yesterday, with the majority of fans keen to see the back of Tom Hicks and George Gillett Jr, the present co-owners.
The two other bids that remained on the table yesterday are thought to be from the private equity group, Rhône Capital, and the billionaire al-Kharafi family of Kuwait.
Further pressure was heaped on Hicks and Gillett to finalise a swift sale when an American court ruled yesterday that Hicks’s creditors can attempt to seize his assets.
The judge handling the bankruptcy of Hicks’s baseball team, the Texas Rangers, said lenders — who are still owed $525 million after the Texan defaulted on loans — can pursue his other companies for the money. One of the Rangers’ creditors is Alex RodrÃguez, the former player and the youngest baseball player to hit 600 home runs.
Broughton declined to comment last night on whether creditors could try to enforce their claims against Hicks’s share of Liverpool.
Tony Evans I Helen Power
Updated 1 minute ago
Deadline set with Chinese in pole position
Liverpool have told potential bidders for the club that they have until the middle of next week to prove they have the cash. The Times has also learnt more details about the leading bid, backed by the Chinese Government.
Martin Broughton, the Liverpool chairman, set the deadline yesterday. The club could change ownership as quickly as next Friday with the consortium fronted by Kenny Huang, the Hong Kong-based entrepreneur, remaining in pole position.
China Investment Capital (CIC), the investment arm of the Chinese Government, holds a significant stake in the bid, as revealed by The Times yesterday. It has now emerged that the man responsible for raising cash for the Chinese consortium is Dr Yang Guang, the executive vice-president of Franklin Templeton Investments, one of the largest global investment fund groups.
The New York-based Guang has acquired finance from a number of sources, including significant investment from banking institutions, but CIC would hold the majority stake in any takeover. However, CIC will not invest directly in the Merseyside club, but into a new company created specifically to push the deal through.
Guang joined QSL Sports Limited, Huang’s company, in May and has been a conduit for Chinese investment in the West since the early 1990s. The Harvard-educated financier has strong links with the Chinese Government.
Despite reports to the contrary yesterday, CIC has not denied its involvement in the Liverpool bid. Officials at China’s investment fund have assessed the business plans for the club and believe that CIC will make a considerable profit by pumping money into Anfield.
The decision to attempt to invest in Liverpool was taken purely on money-making potential and sources close to the deal were keen to distinguish CIC’s intentions from the takeovers at Chelsea and Manchester City, which came down to the decisions of rich individuals — Roman Abramovich and Sheihk Mansour respectively — to buy the clubs.
Unlike the owners of Chelsea and City, CIC would have little input in the day-to-day running of the club. Decision-making at Anfield would be left to executives with extensive experience in the Premier League, with new positions created to exploit Far Eastern markets.
Huang has already told Barclays Capital (BarCap), the investment bank brokering the sale, the Premier League and Broughton that he has the backing of CIC. BarCap needs proof that bidders are good for the £300 million plus required to buy the club before they can pass through to a final round of the auction.
Supporter reaction to the idea of Chinese-led ownership was generally favourable yesterday, with the majority of fans keen to see the back of Tom Hicks and George Gillett Jr, the present co-owners.
The two other bids that remained on the table yesterday are thought to be from the private equity group, Rhône Capital, and the billionaire al-Kharafi family of Kuwait.
Further pressure was heaped on Hicks and Gillett to finalise a swift sale when an American court ruled yesterday that Hicks’s creditors can attempt to seize his assets.
The judge handling the bankruptcy of Hicks’s baseball team, the Texas Rangers, said lenders — who are still owed $525 million after the Texan defaulted on loans — can pursue his other companies for the money. One of the Rangers’ creditors is Alex RodrÃguez, the former player and the youngest baseball player to hit 600 home runs.
Broughton declined to comment last night on whether creditors could try to enforce their claims against Hicks’s share of Liverpool.
I have had enough of this. I will throw in a bid this afternoon with a 24 hrs deadline just to force the others to show their hand. I think Ill bid 400 Mill pounds. That should kick start the auction.
I dont have the cash but that didnt stop Hicks did it??
On the Hicks note, his club Texas Rangers were sold on a federal court auction yesterday, with all money going to his creditors. It is uncertain weather the same creditors can demand a part of his stake in LFC as well!
I dont have the cash but that didnt stop Hicks did it??
On the Hicks note, his club Texas Rangers were sold on a federal court auction yesterday, with all money going to his creditors. It is uncertain weather the same creditors can demand a part of his stake in LFC as well!
From Rawk...
In Sohu today : http://sports.sohu.com/20100806/n274020065.shtml
Key points:
- Huang has made a formal bid at £450m.
- The bid made up of two parts: 300m for 100% of the shares; injection of 150m with 100m for the stadium and 50m for transfer.
Sohu said it comes from its own special correspondent in England and internal sources of the Club! Please be careful on anything news piece from China although Sohu is the better one.
***
?
In Sohu today : http://sports.sohu.com/20100806/n274020065.shtml
Key points:
- Huang has made a formal bid at £450m.
- The bid made up of two parts: 300m for 100% of the shares; injection of 150m with 100m for the stadium and 50m for transfer.
Sohu said it comes from its own special correspondent in England and internal sources of the Club! Please be careful on anything news piece from China although Sohu is the better one.
***
?
[quote author=gene hughes link=topic=41235.msg1149246#msg1149246 date=1281061227]
I don't think everyone reckons he's a mentalist, but most people have him pegged as a dick.
[/quote]
Haha. This is exactly where I stand on Bamba.
I don't think everyone reckons he's a mentalist, but most people have him pegged as a dick.
[/quote]
Haha. This is exactly where I stand on Bamba.
I assume he will not pay 300 mill and bring the debt with him?
Arent we also 140 mill in depth to Kop Holdings at Cayman Island?
Arent we also 140 mill in depth to Kop Holdings at Cayman Island?
Ganis defends Liverpool bid
Consortium won't fund American owners
By Carla Hilton Last updated: 6th August 2010
...
Liverpool bid continues
SKY SPORTS ON SKY
There's more live football on Sky Sports than ever before, including the Barclays Premier League, UEFA Champions League, Clydesdale Bank Premier League, England away Euro 2012 qualifiers and La Liga. With four live Sky Sports channels, as well as Sky Sports News, you'll never miss a moment on Sky. Click here for more.
.
Related links
News
Huang quiet on China link
Huang - No Reds offer
Reds interest is 'serious'
Twist in Liverpool takeover
Reds hoping for quick deal
Huang makes Reds offer
.Teams
Liverpool
..A key member of the Chinese consortium bidding to buy Liverpool has defended their approach which he says is in the best interest of the club.
Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said that any takeover would not enrich American co-owners Tom Hicks and George Gillett.
Instead, he has implied that a significant amount of cash would be given to construct the long-delayed new stadium which will replace Anfield.
He has also suggested that a large sum would be available to invest in new signings which would make a debt-free Liverpool major challengers in the upcoming campaign.
In the club's interest
Ganis said: "We haven't submitted a formal proposal but we submitted the broad parameters of what a proposal would look like to see if it would be welcomed, and it was.
"What is not one of our goals is the enrichment of the existing owners.
"If we submit a proposal and it is accepted, it would be focused on the future and not the past."
Barclays has told potential bidders they will have to prove their financial status before any proposal is accepted.
Current co-owner Hicks has said he wants a minimum $950million (£600m) for Liverpool whose known debt last stood at $375million (£237m).
Ganis, though, said his consortium would not bid close to that sum, leaving the door open for other investors to pip them to the post.
Competition
Syrian businessman Yahya Kirdi looks a leading player with his consortium of investors from the Middle East and Canada who have claimed they are close to completing a takeover.
"If anybody wants to (bid that sum), good luck," said Ganis, who is yet to reveal how much his group are willing to invest.
"We know what we would be prepared to do. If somebody else wants to look at it in a different way, it's their money. That would be their business, not ours."
Ganis has also moved to reassure current members of the management team.
He said: "From what we have seen from afar, many of the people currently running Liverpool are doing a good job.
"There shouldn't be an expectation there would be a mass upheaval if we submit and we are approved."
Consortium won't fund American owners
By Carla Hilton Last updated: 6th August 2010
...
Liverpool bid continues
SKY SPORTS ON SKY
There's more live football on Sky Sports than ever before, including the Barclays Premier League, UEFA Champions League, Clydesdale Bank Premier League, England away Euro 2012 qualifiers and La Liga. With four live Sky Sports channels, as well as Sky Sports News, you'll never miss a moment on Sky. Click here for more.
.
Related links
News
Huang quiet on China link
Huang - No Reds offer
Reds interest is 'serious'
Twist in Liverpool takeover
Reds hoping for quick deal
Huang makes Reds offer
.Teams
Liverpool
..A key member of the Chinese consortium bidding to buy Liverpool has defended their approach which he says is in the best interest of the club.
Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said that any takeover would not enrich American co-owners Tom Hicks and George Gillett.
Instead, he has implied that a significant amount of cash would be given to construct the long-delayed new stadium which will replace Anfield.
He has also suggested that a large sum would be available to invest in new signings which would make a debt-free Liverpool major challengers in the upcoming campaign.
In the club's interest
Ganis said: "We haven't submitted a formal proposal but we submitted the broad parameters of what a proposal would look like to see if it would be welcomed, and it was.
"What is not one of our goals is the enrichment of the existing owners.
"If we submit a proposal and it is accepted, it would be focused on the future and not the past."
Barclays has told potential bidders they will have to prove their financial status before any proposal is accepted.
Current co-owner Hicks has said he wants a minimum $950million (£600m) for Liverpool whose known debt last stood at $375million (£237m).
Ganis, though, said his consortium would not bid close to that sum, leaving the door open for other investors to pip them to the post.
Competition
Syrian businessman Yahya Kirdi looks a leading player with his consortium of investors from the Middle East and Canada who have claimed they are close to completing a takeover.
"If anybody wants to (bid that sum), good luck," said Ganis, who is yet to reveal how much his group are willing to invest.
"We know what we would be prepared to do. If somebody else wants to look at it in a different way, it's their money. That would be their business, not ours."
Ganis has also moved to reassure current members of the management team.
He said: "From what we have seen from afar, many of the people currently running Liverpool are doing a good job.
"There shouldn't be an expectation there would be a mass upheaval if we submit and we are approved."
The Guardian's take:
This is very interesting and the fact that, according to Ganis, the proposal was received positively, it was 'welcomed', then it is clear that Broughton and co are not particularly interested in generating a profit for G&H. In terms of plans for developing the club, something that Broughton said from day 1 was his main task, this Chinese bid will take some beating.
This is very interesting and the fact that, according to Ganis, the proposal was received positively, it was 'welcomed', then it is clear that Broughton and co are not particularly interested in generating a profit for G&H. In terms of plans for developing the club, something that Broughton said from day 1 was his main task, this Chinese bid will take some beating.
[quote author=Farkmaster link=topic=41235.msg1149275#msg1149275 date=1281077375]
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Just to clarify something now that I've been able to read more in the newspaper about it...
[/quote]
Bamba's post on RAWK came before anyone else. The first repeat of this came via Times journalists on Twitter and is now being repeated in all the major Broadsheets.
[quote author=Hansern link=topic=41235.msg1148915#msg1148915 date=1281033492]
This is the latest from that Bamba lad;
Just to clarify the CIC are-they-aren't-they issue. Technically, Huang's backing doesn't come directly from CIC so, if contacted about their interest in LFC, it wouldn't unusual for CIC spokespersons to deny involvement or be ignorant of it. Huang's funding is a new investment vehicle organised via Mr. Yang Guang of Franklin Templeton, and CIC is a major investor in that fund. Hope that helps. Off to match. Radio silence resumes.
[/quote]
Just to clarify something now that I've been able to read more in the newspaper about it...
[/quote]
Bamba's post on RAWK came before anyone else. The first repeat of this came via Times journalists on Twitter and is now being repeated in all the major Broadsheets.
Bamba is clearly a WUM. And a cock.
- Status
