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Kenny Huang leading serious bid for LFC

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[quote author=kingjulian link=topic=41235.msg1150458#msg1150458 date=1281274032]
Ros, That is a damn good summary of the situation.

Some on this board see the idea that Huang does not want to make a bid that lets the Americans have a profitable exit as a virtue. It is not. It panders to the fans ideal, because of the hatred for Statler and Waldorf. Huang panders to it because it is self serving.

But Huang has to value the club as per the current market valuation. If he is the messiah, then he has to pay for the club. If he is unable to or unwilling to, then he really isn't the messiah is he?

The Huang deal gives me the heebie jeebies. It feels more and more like H&G take over part two.
[/quote]

But what is the current market valuation?

G&H's valuation seems to be based on possible future revenue streams, some of which can only be realised by huge capital investment.

What we do know is that G&H have until October or run the risk of having their "asset" stripped from them We also no that no-one seems to have put a formal bid forward, so there's nothing to reject so far. Formal bids are expected, but we don't know how many.

Not only that, but prospective bi9dders must be approved by the Premier League, so whatever bid is successful will have to be solid.
 
THE delay in selling Liverpool FC is costing the club's American owners a staggering £2.5million a week.

Tom Hicks and George Gillett will see their huge debts increase to £282.4m by August 31 unless they sell the club.


That's a shocking rise of £45.4m since their last refinancing deal in April.

And that's why the duo are set to walk away with nothing when Chinese businessman Kenny Huang ends their reign.


Under the terms of an agreement with the Royal Bank of Scotland and Wells Fargo named 'Project Langworth', the owners' are accumulating escalating multi-million pound PIK fees - payments in kind - charged at a daily rate of 9 per cent per year from April 6, 2010.


The rates for borrowing money this way are far higher and riskier. Interest isn't paid annually. In this case, repayments are being triggered every fortnight and their weekly interest bill is a staggering £2.5m.


PIK fees are at the heart of what made the Glazers' Manchester United takeover so controversial, and explain why Hicks and Gillett are being forced out by the bank. It wasn't publicly known until now that Hicks and Gillett had such an agreement.


The refinancing of £110m of the Americans' debts was agreed following the refusal by Hicks and Gillett to sell a 40 per cent stake to New York-based Rhone Group. If the club doesn't change hands by next Sunday, Hicks and Gillett (below) will pay another £7.5m. Their debt will rise by another £7.5m on August 31.


On April 5, Kop Holdings owed £237m. On July 31, they owed £266.6m. On August 31, the figure will be £282.4m.

Weep
A Liverpool spokesman said: "This simply highlights why a sale is in everyone's interest."


Liverpool fans can only weep at the thought of how that £45.4m since April could have revamped their squad.


The financial implications of Hicks and Gillett refusing to accept their board's decision on who takes over are potentially catastrophic.


Despite this, they are privately resisting the £450m buy-out by Huang's QSL group because they won't make a penny on the deal - getting only enough money to clear their debts.


"There are people at Liverpool ready for the mother of all battles to get rid of them," a source told Sport of the World.


"But this is no false dawn. It's the endgame for Hicks and Gillett now."


A spokesman for Huang said: "All Kenny wants to do is close the deal and that's all he will be focused on for the next few days."


Huang will immediately pay off the debt. He must then commit £135.9m equity to start work on the Stanley Park stadium, and has promised a minimum £50m initial transfer kitty.

KOP LOSS SHOCKER | News Of The World
Click to expand...


fuck. me. :'(
 
It's perhaps not very Christian of me however I would like to see these two shitheads on their fucking arses and financially destitute for what they've done to Liverpool.

A life time ban from Anfield for Moron Moores would be just the ticket also. The monumentally stupid tub of lard.
 
[quote author=Herr Onceared link=topic=41235.msg1150550#msg1150550 date=1281291984]
Hansern is the Daily Mail of SCM.
[/quote]

What have I said to earn the nickname of Daily Fail?
 
[quote author=Hansern link=topic=41235.msg1150568#msg1150568 date=1281293093]
[quote author=Herr Onceared link=topic=41235.msg1150550#msg1150550 date=1281291984]
Hansern is the Daily Mail of SCM.
[/quote]

What have I said to earn the nickname of Daily Fail?
[/quote]Things like this mate...

There could be a dark horse here, that hasn't been in the media at all, doing their bit while Huang and Kirdi getting all the media attention.

Hopefully that bid could be the Al-Kharafis or Ambani
Click to expand...
.

Just random things that have no business being in a newspaper as they arent news but vague ideas.

Im enjoying it, its funny.
 
Ha. Well, thats probably true mate. I'm posting a lot more these days as I'm at home for 10 weeks due to parental leave. So when my daughter sleeps I'm on here constantly. As long as the Daily Mail bit isn't negative I'll take it. 😉
 
[quote author=Hansern link=topic=41235.msg1150573#msg1150573 date=1281293675]
Ha. Well, thats probably true mate. I'm posting a lot more these days as I'm at home for 10 weeks due to parental leave. So when my daughter sleeps I'm on here constantly. As long as the Daily Mail bit isn't negative I'll take it. 😉
[/quote]Post away mate.
 
Bamba breaks his radio silence you have to love the bit in bold.

Evening all. Just checking in to try and bring a bit of balance to what was always going to be a bit of a rollercoaster. It’s exactly a week since news of Red Ken’s proposed takeover was revealed, and in that week he’s gone from being hailed as our saviour to derided as a publicity-crazy psycho. But after the drama of the bid revelation, there was always going to be a period of comparative silence, the more so because a) it’s the weekend and b) Martin Broughton has, correctly, insisted on a bit of decorum from any party wanting their bid to be taken seriously. Still, it’s worth reminding everyone that Ken Huang has not made a public statement and neither has CIC denied their involvement in the LFC takeover bid. The initial splurge of info was necessary, on balance, because it ensured a level of transparency leading into this bid process. But that doesn’t make Huang’s party a gang fame-hungry narcissists. Their bid is real. Their backing is real. Their intent - to be LFC’s new owners as soon as viably possible - is real.

I’ve said previously and I’ll say again - there’s a lot more that could be revealed about this bid, the consortium and the ailing health of Hicks and Gillette’s financial empires. But as has also been politely pointed out, the wisdom of radio silence is not in the limiting of information to your troops, rather making sure the enemy don’t know where you’ll hit them next. We all know these boards are scanned far and wide, so let’s not give anything away this late in the day.

Broughton has requested that all interested parties show the mettle of their bid and their worth by Wednesday. Things will begin to heat up again over the next day or two and I’m confident that Red Ken’s will end up being the only serious bid on the table.
 
Never mind how much of an ego-cunt he is, i hope he's right. If its the red army or the Syrians (who Gillett favours) i know who i want to win the day.


Aaaaahhhhh ssooooooo!
 
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
 
[quote author=FoxForceFive link=topic=41235.msg1150607#msg1150607 date=1281296297]
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
[/quote]

No need to rub it in, Jon ;D

We're still waiting for more news, me thinks..The Times had a great piece as well, but tere's been so much double talk and bul-shit denials that it's impossible to knmow whats going on.

Which isnt really a change from what we've dealt with for the past 3 years, I guess.
 
hahaha *wish I meant, obv. Sorry Avvy.

It's lovely & erm, flat, in norwich, at least.

PS-glad you loved your trip up, sorry I missed you mate.
 
[quote author=FoxForceFive link=topic=41235.msg1150607#msg1150607 date=1281296297]
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
[/quote]

If they are involved it's in the form of a 20% investment in the fund (Franklin Templeton) that is supposedlybacking Huang, but they have denied they know anything about Huang or a deal for Liverpool.

Huang has also denied their involvement.

Sportcorp limited appear to be involved in some capacity as well, they're an American Sports Consulting company who seem to be involved in lots of syadium building.

It doesn't appear to be a Chinese bid at all, it's a hedge fund bid possibly involving a small bit of Chinese money.

KIngjulian was probably right when he said it reeks of G&H all over again.
 
[quote author=FoxForceFive link=topic=41235.msg1150607#msg1150607 date=1281296297]
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
[/quote]Put it this way, if this was a made for TV porno staring Shannon Tweed, id be gently massaging my cock now keeping it rubbery but not stiff. Not letting the slack completely take over but keeping it like one of those water filled tubes that you cant hold as they slip through your fingers (you get them in Hawkins Bazaar) ready at a moments notice to frantically go helm to hilt x 10000000 as Shannon begins to rub off the girl in the secretary outfit awaiting some mild and (un)hardcore tribbing action.
If it was Basic instinct id be on the hardon scale that you would expect around about the scene in the nightclub where Michael is wearing the lovely pullover his nan has knitted him and just before he sticks his boner into Sharons leg.
Im erect. Im lobbing. Im not gonna go all out till i see red tanks rolling down the Walton Breck road.
 
[quote author=Herr Onceared link=topic=41235.msg1150626#msg1150626 date=1281297278]
[quote author=FoxForceFive link=topic=41235.msg1150607#msg1150607 date=1281296297]
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
[/quote]Put it this way, if this was a made for TV porno staring Shannon Tweed, id be gently massaging my cock now keeping it rubbery but not stiff. Not letting the slack completely take over but keeping it like one of those water filled tubes that you cant hold as they slip through your fingers (you get them in Hawkins Bazaar) ready at a moments notice to frantically go helm to hilt x 10000000 as Shannon begins to rub off the girl in the secretary outfit awaiting some mild and (un)hardcore tribbing action.
If it was Basic instinct id be on the hardon scale that you would expect around about the scene in the nightclub where Michael is wearing the lovely pullover his nan has knitted him and just before he sticks his boner into Sharons leg.
Im erect. Im lobbing. Im not gonna go all out till i see red tanks rolling down the Walton Breck road.
[/quote]

hahahahaha.

*saves post*
 
[quote author=Herr Onceared link=topic=41235.msg1150626#msg1150626 date=1281297278]
[quote author=FoxForceFive link=topic=41235.msg1150607#msg1150607 date=1281296297]
Ok, I've been away for a week, & being in a field in Wales had no real contact with the real workd, nor wich to have. Now on Sat I bought the Guardian which had an ACE piece about us being bought by the Chinese Government??

Is this Haung deal really underwritten by the second largest economy in the WORLD?!

Please Allan say yes.
[/quote]Put it this way, if this was a made for TV porno staring Shannon Tweed, id be gently massaging my cock now keeping it rubbery but not stiff. Not letting the slack completely take over but keeping it like one of those water filled tubes that you cant hold as they slip through your fingers (you get them in Hawkins Bazaar) ready at a moments notice to frantically go helm to hilt x 10000000 as Shannon begins to rub off the girl in the secretary outfit awaiting some mild and (un)hardcore tribbing action.
If it was Basic instinct id be on the hardon scale that you would expect around about the scene in the nightclub where Michael is wearing the lovely pullover his nan has knitted him and just before he sticks his boner into Sharons leg.
Im erect. Im lobbing. Im not gonna go all out till i see red tanks rolling down the Walton Breck road.
[/quote] 😱
 
[quote author=spider-neil link=topic=41235.msg1150635#msg1150635 date=1281298342]
I don't care how much of an ego maniac bamba sounds I really hope he is right
[/quote]

I don't understand this attitude.
 
[quote author=Rosco link=topic=41235.msg1150641#msg1150641 date=1281299133]
[quote author=spider-neil link=topic=41235.msg1150635#msg1150635 date=1281298342]
I don't care how much of an ego maniac bamba sounds I really hope he is right
[/quote]

I don't understand this attitude.
[/quote]

what do you mean?
 
[quote author=spider-neil link=topic=41235.msg1150643#msg1150643 date=1281299531]
[quote author=Rosco link=topic=41235.msg1150641#msg1150641 date=1281299133]
[quote author=spider-neil link=topic=41235.msg1150635#msg1150635 date=1281298342]
I don't care how much of an ego maniac bamba sounds I really hope he is right
[/quote]

I don't understand this attitude.
[/quote]

what do you mean?
[/quote]

Wanting something to be so, when you don't know what it even is.
 
RAWK is home to the most self important douche baggery I've ever seen. It's only fitting that Bamba is the current king.
 
[quote author=Farkmaster link=topic=41235.msg1150645#msg1150645 date=1281299629]
[quote author=spider-neil link=topic=41235.msg1150643#msg1150643 date=1281299531]
[quote author=Rosco link=topic=41235.msg1150641#msg1150641 date=1281299133]
[quote author=spider-neil link=topic=41235.msg1150635#msg1150635 date=1281298342]
I don't care how much of an ego maniac bamba sounds I really hope he is right
[/quote]

I don't understand this attitude.
[/quote]

what do you mean?
[/quote]

Wanting something to be so, when you don't know what it even is.
[/quote]

fair comment.
okay, I hope bamba is right about huang being backed by the CIC, not be because I want someone to lavish money on us but because they would have the funds and assests to start the stadium and make sure the debt isn't placed back on us, everything else we can do ourselves.
 
Bamba - my favourite childhood snack - is implying that this bid is the one we've all been waiting for, so it's wishing for everything to all be alright.

Either way, I don't see the point in getting all technical about it. Does it really matter if spider-neil on sixcrazyminutes.com doesn't alert himself to the flashing warning signs with the Huang bid? It's not like we the fans are going to be making any decisions.
 
[quote author=Farkmaster link=topic=41235.msg1150647#msg1150647 date=1281299754]douche baggery [/quote]

I know that's not a word but it should be
 
[quote author=keniget link=topic=41235.msg1150649#msg1150649 date=1281299834]
Bamba - my favourite childhood snack - is implying that this bid is the one we've all been waiting for, so it's wishing for everything to all be alright.

Either way, I don't see the point in getting all technical about it. Does it really matter if spider-neil on sixcrazyminutes.com doesn't alert himself to the flashing warning signs with the Huang bid? It's not like we the fans are going to be making any decisions.
[/quote]

I can see the warning signs but like I said I'm hoping for the best, I'm not the one who is being paid to make sure huang is legit.
 
[quote author=spider-neil link=topic=41235.msg1150648#msg1150648 date=1281299820]
[quote author=Farkmaster link=topic=41235.msg1150645#msg1150645 date=1281299629]
[quote author=spider-neil link=topic=41235.msg1150643#msg1150643 date=1281299531]
[quote author=Rosco link=topic=41235.msg1150641#msg1150641 date=1281299133]
[quote author=spider-neil link=topic=41235.msg1150635#msg1150635 date=1281298342]
I don't care how much of an ego maniac bamba sounds I really hope he is right
[/quote]

I don't understand this attitude.
[/quote]

what do you mean?
[/quote]

Wanting something to be so, when you don't know what it even is.
[/quote]

fair comment.
okay, I hope bamba is right about huang being backed by the CIC, not be because I want someone to lavish money on us but because they would have the funds and assests to start the stadium and make sure the debt isn't placed back on us, everything else we can do ourselves.
[/quote]

HUang has already outlined the details.

Debt will be required for the stadium
 
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