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Kenny Huang leading serious bid for LFC

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[quote author=Frogfish link=topic=41235.msg1146627#msg1146627 date=1280721205]
[quote author=DHSC link=topic=41235.msg1146625#msg1146625 date=1280719043]
[quote author=Frogfish link=topic=41235.msg1146618#msg1146618 date=1280717461]
[quote author=keniget link=topic=41235.msg1146578#msg1146578 date=1280703378]
Weren't some of our Malaysian posters a little wary of this guys interest when his name popped up a a few months ago?

[/quote]

TBH Malaysians & especially Singaporeans, are wary of anything to do with mainland China ! It's more to do with the integration of mainland Chinese and their culture & political views into their societies than of anything necessarily wrong with the bid.

However you have to understand that ALL money coming out of China will be in some way illegitimate since virtually all big money earned here has been earned utilising illegal connections and including, in most cases, local governmental assistance. One thing that most Westerners greatly underestimate though is the vast amounts of private capital here. Take a look at the Forbes Rich List from 10 yeas ago and look at it again today, and the list of the World's Billionaires (where China is now 2nd only to the USA and catching them hand over foot) - China is awash with liquid private capital but with little means of external investment.

Also understand that as Kenneth Huang comes from Guangzhou he is just as likely to be well connected to HK as he is to mainland China (since their dialect - Cantonese - is very different from Mandarin but virtually the same as that of HK, and Guangdong province has very strong economic ties with HK). It would be very interesting to know who his backers are - although we are unlikely to find out the individual identities behind any frontmen.
[/quote]

Well to be fair to China, they don't really integrate their culture and political views into Singapore society. In fact, since most of our ancestors were from there, some of the culture has been passed down generation after generation, just that some of the practices and beliefs have changed in terms of application; but the basic premise of 'why we do it' is still there.

I think the 'mistrust' mainly comes from business dealings with mainland China. There have been stories of many Singaporeans being burnt in their business dealings with mainland China. Also, Singapore's liberal immigration policy has seen many foreigners enter our shores. The number of mainland Chinese coming here has increase astronomically over the past ten years. They work for less money, hence the number of dissatisfied Singaporeans has increased since their livelihoods are slowly being taken away. Many of the lower wage jobs, and even the the middle level positions are being taken away by mainland Chinese, thus pushing locals towards unemployment. The service sector has also been hiring mainland Chinese and they can't really speak English so communication becomes a problem, leading to even more unhappiness.
[/quote]

I completely understand what you're saying but it isn't the fault of the immigrants (this happens all over the world .... just ask the British) ... that's just a weak immigration policy and enforcement issue.
[/quote]

It's actually also a political issue.

Lee Kuan Yew has always spoken about Singapore being a red dot in a sea of green ie a very small Chinese enclave in a sea of Islamic nations; so its no surprise that efforts have been taken to bring in large numbers of Chinese from abroad to boost population figures.

I think whats being learnt though is that nationality often means as much as race..ie a Singaporean Chinese really has little in common with a Mainland Chinese even if they are ethnically the same.

As for the local resentment against immigrants, well that's normal all over the world.

I doubt I was any lss guilty f te same when I was in Malaysia; but I do know now from personal experience that it's not easy to deal with..it can sometimes hurt when you know people are talking about you in that light..
 
I'm really excited about this.

Lots of money: check
H&G getting screwed: check

What's not to love? Please make it happen RBS.
 
That's interesting Avy - I hadn't considered that angle. I'm not going to extend this conversation though as I guess other forumites may be frustrated with our thread-hijacking already !
 
[quote author=RolandG link=topic=41235.msg1146767#msg1146767 date=1280737978]
I don't think anyone really cares where the backers are from, we are unanimous that G&H must get the boot preferably with absolutely no profit!
[/quote]

Clever
 
[quote author=Paddy link=topic=41235.msg1146828#msg1146828 date=1280745644]
Just about to mention the hijack. It makes it look like something has happened.
[/quote]

....... wel according to the press it has 😉
 
[quote author=Paddy link=topic=41235.msg1146833#msg1146833 date=1280745799]
Maybe this is what turned Joe Cole's head? The future?
[/quote]

We offered him more money than others. That's why he is here
 
Yeah, but maybe all the top players were told that serious buyers are around the corner and that's why they look like they are staying? It's not unlikely.
 
[quote author=DHSC link=topic=41235.msg1146723#msg1146723 date=1280735896]
I'm a bit disconcerted with the use of the phrase 'Huang's Gang'.
[/quote]

The Red Haung Gang...
 
[quote author=Rosco link=topic=41235.msg1146835#msg1146835 date=1280745845]
[quote author=Paddy link=topic=41235.msg1146833#msg1146833 date=1280745799]
Maybe this is what turned Joe Cole's head? The future?
[/quote]

We offered him more money than others. That's why he is here
[/quote]

I doubt very much that is the whole story (none of us know what signing on fees were offered) and there was little between us and Arsenal in the end. We've covered this ground already of course but regular 1st team football is more likely the deciding factor.
 
[quote author=Paddy link=topic=41235.msg1146836#msg1146836 date=1280745932]
Yeah, but maybe all the top players were told that serious buyers are around the corner and that's why they look like they are staying? It's not unlikely.
[/quote]

Maybe not.

But have a look around - where is the money right now in football ? Nobody in Europe is spending apart from Man City. There is no market for players like Gerrard and Torres because nobody wants to spend that kind of money.
 
[quote author=Rosco link=topic=41235.msg1146835#msg1146835 date=1280745845]
[quote author=Paddy link=topic=41235.msg1146833#msg1146833 date=1280745799]
Maybe this is what turned Joe Cole's head? The future?
[/quote]

We offered him more money than others. That's why he is here
[/quote]

Untrue.
 
[quote author=Frogfish link=topic=41235.msg1146838#msg1146838 date=1280746002]
[quote author=Rosco link=topic=41235.msg1146835#msg1146835 date=1280745845]
[quote author=Paddy link=topic=41235.msg1146833#msg1146833 date=1280745799]
Maybe this is what turned Joe Cole's head? The future?
[/quote]

We offered him more money than others. That's why he is here
[/quote]

I doubt very much that is the whole story (none of us know what signing on fees were offered) and there was little between us and Arsenal in the end. We've covered this ground already of course but regular 1st team football is more likely the deciding factor.
[/quote]

According to a friend who has "real" information from Spurs, Levy was prepared to break their wage structure (given Cole was on a free) and offer him 80-90k a week - a similar wage to our offer.

He chose Anfield out of a desire to play for the club, a fresh start and the virtual guarantee that he'd be an important cog in the wheel here.
 
I think if clubs were prepared to break their wage structure for a player, it's pretty obvious they would be a first team regular.
 
According to five live this fella is pushing for a buyout in the next 2 weeks, this will allow Roy a couple of weeks to splash the cash before the window closes.
If he doesnt get his way he will walk away
 
[quote author=Asim link=topic=41235.msg1146859#msg1146859 date=1280748131]
According to five live this fella is pushing for a buyout in the next 2 weeks, this will allow Roy a couple of weeks to splash the cash before the window closes.
If he doesnt get his way he will walk away
[/quote]

How much cash will we be splashing ?
 
[quote author=Rosco link=topic=41235.msg1146861#msg1146861 date=1280748601]
[quote author=Asim link=topic=41235.msg1146859#msg1146859 date=1280748131]
According to five live this fella is pushing for a buyout in the next 2 weeks, this will allow Roy a couple of weeks to splash the cash before the window closes.
If he doesnt get his way he will walk away
[/quote]

How much cash will we be splashing ?
[/quote]

They didn't say mate.

Here is article from Beeb
Liverpool could be bought by a Chinese business tycoon within days, according to a source close to the deal.

Kenny Huang, head of Hong Kong-based investment company QSL Sports Ltd, wants to take full control of the Reds, who have been up for sale since April.

"A deal has to be done before the transfer window closes [on 31 August]," a source close to Huang told BBC Sport.

"Huang has made a firm proposal. The club's board has to sanction the sale and it could be sewn up in days."

Huang has been talking for several weeks to representatives of the Royal Bank of Scotland, with the aim of taking full control of the Premier League club.

RBS are Liverpool's main creditors, owed about £237m by American co-owners Tom Hicks and George Gillett.

"Kenny is the only serious bidder interested in the club and he's optimistic," added the source.

Huang is offering to clear Liverpool's debt to RBS, and give new manager Roy Hodgson funds to do business in the transfer window.

However, he wants the deal to be completed within two weeks to allow Hodgson time to strengthen the squad before the transfer deadline at the end of August. Any later and the deal is off.


Huang is a well-known figure in the Chinese sporting industry and particularly influential in basketball and baseball.

His QSL Sports Ltd company is a partner of America's Cleveland Cavaliers basketball team and he is also involved with the New York Yankees baseball outfit.

In 1988, he became the first Chinese college graduate from mainland China to work at the New York Stock Exchange.

Huang was reported to have turned down the chance to buy Liverpool in 2008 because he felt a valuation of £650m was too high. BBC Sport understands he now values the club at about £350m.

Hicks and Gillett bought the Reds in February 2007 in a deal that valued the club at £218.9m - £44.8m of which were club debts.

But the American duo have endured a difficult time at Anfield, with supporters regularly voicing their dissatisfaction at the level of debt taken on by the club after their buyout.

Last October, several hundred Liverpool fans staged a protest march against the owners ahead of their Premier League match against Manchester United.

The board's popularity with the fans disintegrated further when Hicks' son, Tom Hicks Jr, became embroiled in a row with a supporter who alleged the American had sent him abusive emails.

As a result, Hicks Jr resigned as a director of the club and parent company Kop Holdings, leading to a restructure of the board.


In 2008, Hicks blocked Gillett's moves to sell his 50% share to Dubai International Capital group as the pair feuded over future plans for the club.

An outright £500m takeover bid by the DIC group was also rebuffed, with Hicks hinting he would attempt an outright takeover bid himself.

They subsequently patched up their differences but took the decision less than four months ago to put the club up for sale, insisting there had been numerous expressions of interest in a buyout.

British Airways boss Martin Broughton was brought in as Liverpool chairman in April to facilitate the sale of the club and along with Hicks and Gillett is part of a five-man board at Liverpool that also includes chief executive Christian Purslow and commercial director Ian Ayre.
 
[quote author=Squiggles link=topic=41235.msg1146858#msg1146858 date=1280748091]
I think if clubs were prepared to break their wage structure for a player, it's pretty obvious they would be a first team regular.
[/quote]

Not necessarily. Levy was prepared to do so given that Cole was on a free and worth considerably more if under contract. It's all about the bottom line for the Spurs hierachy.

'Arry wanted Cole and could offer him 1st team football, but only on the left.

My point was originally about the wages - it's not true to say we offered him much more than anyone else.
 
I find it a bit suspicious that this guy's 'aide' is telling the press about issuing ultimatums and being 'the only serious bidder'. It feels wrong. A serious bidder wouldn't do that, surely?
 
If a forced sale does happen, it begs the question of what the Americans are allowed to do in the short space of time before the handover takes place. Can they legally cash in on a sale of say, Torres? I assume there are legal obligations to relinquish their ownership as soon as RBS says so.
 
does the july 30th deadline now mean rbs have the right to sell the debt right now? Is there any chance h&g will start to sell everything and everyone to clear the debt and keep control of the club? cos that would suck 😱
 
Has anyone had a look at the QSL Sports Ltd website ?

They look like a big time outfit
 
[quote author=TheBunnyman link=topic=41235.msg1146867#msg1146867 date=1280749219]
I find it a bit suspicious that this guy's 'aide' is telling the press about issuing ultimatums and being 'the only serious bidder'. It feels wrong. A serious bidder wouldn't do that, surely?

[/quote]

Normally you'd probably be correct, but RBS are public owned and a bit of public pressure might help force the sale (maybe?).
 
[quote author=Rosco link=topic=41235.msg1146870#msg1146870 date=1280749420]
Has anyone had a look at the QSL Sports Ltd website ?

They look like a big time outfit
[/quote]

Made me hard.
 
[quote author=Rosco link=topic=41235.msg1146870#msg1146870 date=1280749420]
Has anyone had a look at the QSL Sports Ltd website ?

They look like a big time outfit
[/quote]

It's mighty impressive. Its made using one of the finest, free, content management systems.
 
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