Vlad, I've a feeling you're going to be very disappointed if it transpires the arabs arent a secret bidder...
Kenny Huang leading serious bid for LFC
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Hahaha
Not at all J , in fact I have in that post given my blessing for the Chinese bid if it is as half decent as it sounds, and could be.
The Arabs are deffo in the mix though, if rumours are right at least two lots.
regards
Not at all J , in fact I have in that post given my blessing for the Chinese bid if it is as half decent as it sounds, and could be.
The Arabs are deffo in the mix though, if rumours are right at least two lots.
regards
[quote author=Redshrek link=topic=41235.msg1156918#msg1156918 date=1282170578]
Does no else think this rushing by the Chinese slightly suspicious? Its not like its going to be the last transfer window to buy. There shouldn't be any excuse to ensure the buyers are the right people and if it means missing the end of this transfer window then so be it. We have already been burnt once by not researching our potential owners.
[/quote]
Or maybe they want to invest in our squad as they want a certain top 4 finish as it would generate more income?
Does no else think this rushing by the Chinese slightly suspicious? Its not like its going to be the last transfer window to buy. There shouldn't be any excuse to ensure the buyers are the right people and if it means missing the end of this transfer window then so be it. We have already been burnt once by not researching our potential owners.
[/quote]
Or maybe they want to invest in our squad as they want a certain top 4 finish as it would generate more income?
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[quote author=RolandG link=topic=41235.msg1156982#msg1156982 date=1282198098]
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
[quote author=Jack D Rips link=topic=41235.msg1157013#msg1157013 date=1282204024]
[quote author=RolandG link=topic=41235.msg1156982#msg1156982 date=1282198098]
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
[/quote]
Jack, you're missing the point! There's obviously a reasonable deadline that the club will be mindful of. For all intents and purposes, the Board probably has the Bank's blessings and they will be aware of the sales process (and understand the dynamics). You can be sure that there is constant communication between the Board and the Bank because of their vested interest.
Coming back to Kenny, there is no guarantee that even if he had disclosed his proof of funding with the initial bid that it would have sped up the process. Remember the Board have a fudiciary duty to the club and are duty bound to consider any and all bids.
[quote author=RolandG link=topic=41235.msg1156982#msg1156982 date=1282198098]
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
[/quote]
Jack, you're missing the point! There's obviously a reasonable deadline that the club will be mindful of. For all intents and purposes, the Board probably has the Bank's blessings and they will be aware of the sales process (and understand the dynamics). You can be sure that there is constant communication between the Board and the Bank because of their vested interest.
Coming back to Kenny, there is no guarantee that even if he had disclosed his proof of funding with the initial bid that it would have sped up the process. Remember the Board have a fudiciary duty to the club and are duty bound to consider any and all bids.
Besides which the bank don't actually have to put the club in administration if they do take over. That being the case, they're highly unlikely to do so as it would diminish the value of their investment.
[quote author=RolandG link=topic=41235.msg1157014#msg1157014 date=1282204922]
[quote author=Jack D Rips link=topic=41235.msg1157013#msg1157013 date=1282204024]
[quote author=RolandG link=topic=41235.msg1156982#msg1156982 date=1282198098]
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
[/quote]
Jack, you're missing the point! There's obviously a reasonable deadline that the club will be mindful of. For all intents and purposes, the Board probably has the Bank's blessings and they will be aware of the sales process (and understand the dynamics). You can be sure that there is constant communication between the Board and the Bank because of their vested interest.
Coming back to Kenny, there is no guarantee that even if he had disclosed his proof of funding with the initial bid that it would have sped up the process. Remember the Board have a fudiciary duty to the club and are duty bound to consider any and all bids.
[/quote]
Im not missing any point Roland. I dont want a rushed job either. But I also know how banks operate. Especially in the past two years.
[quote author=Jack D Rips link=topic=41235.msg1157013#msg1157013 date=1282204024]
[quote author=RolandG link=topic=41235.msg1156982#msg1156982 date=1282198098]
Broughton has to get this sale spot-on for all the right reasons. So what if it isn't completed before the transfer window? Our survival depends on it. No hasty decisions needed and we'll make do with the players at the club.
Kenny has to wait like the rest of the bidders for news. He may be feeling the pressure of the Arabs weighing in which could potentially raise the price.
[/quote]
The bank have a deadline too dont they? What if they decide to put the club into administration if the deadline is not met?
[/quote]
Jack, you're missing the point! There's obviously a reasonable deadline that the club will be mindful of. For all intents and purposes, the Board probably has the Bank's blessings and they will be aware of the sales process (and understand the dynamics). You can be sure that there is constant communication between the Board and the Bank because of their vested interest.
Coming back to Kenny, there is no guarantee that even if he had disclosed his proof of funding with the initial bid that it would have sped up the process. Remember the Board have a fudiciary duty to the club and are duty bound to consider any and all bids.
[/quote]
Im not missing any point Roland. I dont want a rushed job either. But I also know how banks operate. Especially in the past two years.
Agree with this; I actually think administration had zero chance of happening.
With a 9 point penalty and being forced to sell our best players I doubt RBS would recover even half the debt owed.
As time passes RBS will have to give more preferential terms to potential buyers, something ALL the bidders will be aware of...guess we'll haveto se who blinks first..IF there are several bidders (which seems to be what Broughton is hinting at), then one of them may well blink first.
With a 9 point penalty and being forced to sell our best players I doubt RBS would recover even half the debt owed.
As time passes RBS will have to give more preferential terms to potential buyers, something ALL the bidders will be aware of...guess we'll haveto se who blinks first..IF there are several bidders (which seems to be what Broughton is hinting at), then one of them may well blink first.
T
the_khl
Guest
[quote author=mark1975 link=topic=41235.msg1157027#msg1157027 date=1282206424]
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Sixty fukkin pages and then they just walk??
Where's the decency?
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Sixty fukkin pages and then they just walk??
Where's the decency?
[quote author=KHL link=topic=41235.msg1157030#msg1157030 date=1282206508]
[quote author=mark1975 link=topic=41235.msg1157027#msg1157027 date=1282206424]
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Sixty fukkin pages and then they just walk??
Where's the decency?
[/quote]
Ha... just realised that Sheiky posted it yesterday.
[quote author=mark1975 link=topic=41235.msg1157027#msg1157027 date=1282206424]
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Sixty fukkin pages and then they just walk??
Where's the decency?
[/quote]
Ha... just realised that Sheiky posted it yesterday.
[quote author=Avmenon link=topic=41235.msg1157029#msg1157029 date=1282206499]
Agree with this; I actually think administration had zero chance of happening.
With a 9 point penalty and being forced to sell our best players I doubt RBS would recover even half the debt owed.
As time passes RBS will have to give more preferential terms to potential buyers, something ALL the bidders will be aware of...guess we'll haveto se who blinks first..IF there are several bidders (which seems to be what Broughton is hinting at), then one of them may well blink first.
[/quote]
I agree that its the least likely outcome, but I would not rule anything out where a bank is concerned.
Agree with this; I actually think administration had zero chance of happening.
With a 9 point penalty and being forced to sell our best players I doubt RBS would recover even half the debt owed.
As time passes RBS will have to give more preferential terms to potential buyers, something ALL the bidders will be aware of...guess we'll haveto se who blinks first..IF there are several bidders (which seems to be what Broughton is hinting at), then one of them may well blink first.
[/quote]
I agree that its the least likely outcome, but I would not rule anything out where a bank is concerned.
[quote author=Y1 link=topic=41235.msg1157074#msg1157074 date=1282209880]
The Silk Road is long and arduous winding through the perilous paths of the Middle Kingdom passing the hot deadly sands of the Sahara.
[/quote]
Hahaha, Y1 is loving all the inscrutability of it all 😉
regards
The Silk Road is long and arduous winding through the perilous paths of the Middle Kingdom passing the hot deadly sands of the Sahara.
[/quote]
Hahaha, Y1 is loving all the inscrutability of it all 😉
regards
[quote author=Vlads Quiff link=topic=41235.msg1157085#msg1157085 date=1282210812]
[quote author=Y1 link=topic=41235.msg1157074#msg1157074 date=1282209880]
The Silk Road is long and arduous winding through the perilous paths of the Middle Kingdom passing the hot deadly sands of the Sahara.
[/quote]
Hahaha, Y1 is loving all the inscrutability of it all 😉
regards
[/quote]
Quite! Shadow Tiger kicks and Phoenix stealth....
[quote author=Y1 link=topic=41235.msg1157074#msg1157074 date=1282209880]
The Silk Road is long and arduous winding through the perilous paths of the Middle Kingdom passing the hot deadly sands of the Sahara.
[/quote]
Hahaha, Y1 is loving all the inscrutability of it all 😉
regards
[/quote]
Quite! Shadow Tiger kicks and Phoenix stealth....
[quote author=Sheik Yerbouti link=topic=41235.msg1156912#msg1156912 date=1282170019]
Tony Evans, Football Editor, Helen Power, Business Correspondent
Exclusive
..................
The Chinese offer would make the club debt-free and also bring large-scale investment as part of a total outlay of about £800 million.
..................
[/quote]
I thought they had sold assets to the value of £350 million (approx), which was reported at the time as being their valuation of the club? Where is the rest of the money coming from?
Tony Evans, Football Editor, Helen Power, Business Correspondent
Exclusive
..................
The Chinese offer would make the club debt-free and also bring large-scale investment as part of a total outlay of about £800 million.
..................
[/quote]
I thought they had sold assets to the value of £350 million (approx), which was reported at the time as being their valuation of the club? Where is the rest of the money coming from?
It was a banner day at Anfield on Sunday. Figuratively, in that Liverpool’s new manager was making his first league appearance in front of the Kop and Joe Cole, the most high-profile capture of Roy Hodgson’s spartan summer, was trotting out for his domestic debut, curtailed though it would be. And literally, in that it was a day which spawned a lot of talk about banners.
There were the three altered by Sky as part of their pre-match “Roy’s Story†montage, for a start. No great harm done there, in the grand scheme of things, though whether it counts as artistic licence or rather cynical doctoring of facts to suit a pre-conceived narrative is up for debate. Certainly, grafting an image of Hodgson on to a flag depicting Shankly, Paisley, Fagan, Dalglish and Benitez and bearing the slogan “Success has many Fathers†suggests Sky are not quite in tune with the Kop’s sense of history. This, of course, should not be a surprise.
Another banner, though, caught the eye rather more readily. On it, the pictures of owners Tom Hicks and George Gillett sat next to images of Christian Purslow, the managing director, and Martin Broughton, the chairman, though the latter two were slightly obscured by question marks. Part of the slogan read: “Plague, famine, war and death.â€
Hicks and Gillett would struggle to convince Liverpool fans they have been anything other than plague and famine on the club they bought for £218 million three years of debt and strife ago. They have brought boardroom disharmony to Anfield. They have argued with each other, their former manager, their former chief executive and the current managing director. That’s the plague. Famine? Check the bank accounts. Check the cursed net spend. Check the trophy cabinet.
The addition of the question marks on Purslow’s and Broughton’s faces, though, was telling. Both, it is fair to say, do not enjoy the complete trust of the Liverpool fans. Both have been accused, at one time or another, of being the Americans’ stooges.
The facts do not seem to bear that assessment out. Purslow, it is thought, was brought in by the Royal Bank of Scotland and tasked with securing £100 million of investment through an equity raise. Broughton came in, along with Barclays Capital, to secure a sale of the club when Hicks and Gillett refused the offer Purslow had found from the Rhone Group. He was recommended by Michael Klein, a long-term associate of Hicks, but it is safe to say he was at least approved by RBS. They are both symptoms of renewed attempts to get the Americans out of Anfield.
That is not to say the flag which fluttered on the Kop was wrong, of course. The two are emblematic of war, in that their aims are diametrically opposed to those of their owners. Liverpool’s boardroom is hardly a happy ship. Three of the five members must vote on whichever of the alleged five bidders – assuming Kenny Huang does not decide to withdraw his offer over delays in the process – they find to be the best fit. The chances are that, if Broughton and Purslow do their job properly, they should not have more than a three to two margin.
If they do not succeed in that task, then the spectre of death – or at least the death of Liverpool as a member of football’s elite – returns. Liverpool cannot afford to remain in Hicks and Gillett’s hands any longer. They cannot afford to fall any further behind. Likewise, they cannot afford to fall into the wrong hands, or even into the Government-owned hands of an increasingly fraught RBS. Broughton and Purslow were brought in to win a war. If they fail, the question marks can be removed.
There were the three altered by Sky as part of their pre-match “Roy’s Story†montage, for a start. No great harm done there, in the grand scheme of things, though whether it counts as artistic licence or rather cynical doctoring of facts to suit a pre-conceived narrative is up for debate. Certainly, grafting an image of Hodgson on to a flag depicting Shankly, Paisley, Fagan, Dalglish and Benitez and bearing the slogan “Success has many Fathers†suggests Sky are not quite in tune with the Kop’s sense of history. This, of course, should not be a surprise.
Another banner, though, caught the eye rather more readily. On it, the pictures of owners Tom Hicks and George Gillett sat next to images of Christian Purslow, the managing director, and Martin Broughton, the chairman, though the latter two were slightly obscured by question marks. Part of the slogan read: “Plague, famine, war and death.â€
Hicks and Gillett would struggle to convince Liverpool fans they have been anything other than plague and famine on the club they bought for £218 million three years of debt and strife ago. They have brought boardroom disharmony to Anfield. They have argued with each other, their former manager, their former chief executive and the current managing director. That’s the plague. Famine? Check the bank accounts. Check the cursed net spend. Check the trophy cabinet.
The addition of the question marks on Purslow’s and Broughton’s faces, though, was telling. Both, it is fair to say, do not enjoy the complete trust of the Liverpool fans. Both have been accused, at one time or another, of being the Americans’ stooges.
The facts do not seem to bear that assessment out. Purslow, it is thought, was brought in by the Royal Bank of Scotland and tasked with securing £100 million of investment through an equity raise. Broughton came in, along with Barclays Capital, to secure a sale of the club when Hicks and Gillett refused the offer Purslow had found from the Rhone Group. He was recommended by Michael Klein, a long-term associate of Hicks, but it is safe to say he was at least approved by RBS. They are both symptoms of renewed attempts to get the Americans out of Anfield.
That is not to say the flag which fluttered on the Kop was wrong, of course. The two are emblematic of war, in that their aims are diametrically opposed to those of their owners. Liverpool’s boardroom is hardly a happy ship. Three of the five members must vote on whichever of the alleged five bidders – assuming Kenny Huang does not decide to withdraw his offer over delays in the process – they find to be the best fit. The chances are that, if Broughton and Purslow do their job properly, they should not have more than a three to two margin.
If they do not succeed in that task, then the spectre of death – or at least the death of Liverpool as a member of football’s elite – returns. Liverpool cannot afford to remain in Hicks and Gillett’s hands any longer. They cannot afford to fall any further behind. Likewise, they cannot afford to fall into the wrong hands, or even into the Government-owned hands of an increasingly fraught RBS. Broughton and Purslow were brought in to win a war. If they fail, the question marks can be removed.
[quote author=mark1975 link=topic=41235.msg1157027#msg1157027 date=1282206424]
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Guess The Times don't know much about Chinese business tactics, you would've thought they would do. Of course on the other hand 'Chinese to Walk On" is a much better headline and newspaper seller than 'Chinese negotiation tack' .
I can't be arsed going back through the thread, but the Times are reporting that the Chinese are ready to walk out on the deal.
[/quote]
Guess The Times don't know much about Chinese business tactics, you would've thought they would do. Of course on the other hand 'Chinese to Walk On" is a much better headline and newspaper seller than 'Chinese negotiation tack' .
[quote author=refugee link=topic=41235.msg1157095#msg1157095 date=1282211440]
[quote author=Sheik Yerbouti link=topic=41235.msg1156912#msg1156912 date=1282170019]
Tony Evans, Football Editor, Helen Power, Business Correspondent
Exclusive
..................
The Chinese offer would make the club debt-free and also bring large-scale investment as part of a total outlay of about £800 million.
..................
[/quote]
I thought they had sold assets to the value of £350 million (approx), which was reported at the time as being their valuation of the club? Where is the rest of the money coming from?
[/quote]
Supposedly CIC only represent 20% of the consortium so maybe it is easier for them to liquify assets than the other members .... for now. On the other hand maybe they are 100% behind the bid, in which case they only need to show that they have the resources, they wouldn't have to present the full amount of their intended investment in the club, much of which will be debt anyway (stadium).
[quote author=Sheik Yerbouti link=topic=41235.msg1156912#msg1156912 date=1282170019]
Tony Evans, Football Editor, Helen Power, Business Correspondent
Exclusive
..................
The Chinese offer would make the club debt-free and also bring large-scale investment as part of a total outlay of about £800 million.
..................
[/quote]
I thought they had sold assets to the value of £350 million (approx), which was reported at the time as being their valuation of the club? Where is the rest of the money coming from?
[/quote]
Supposedly CIC only represent 20% of the consortium so maybe it is easier for them to liquify assets than the other members .... for now. On the other hand maybe they are 100% behind the bid, in which case they only need to show that they have the resources, they wouldn't have to present the full amount of their intended investment in the club, much of which will be debt anyway (stadium).
That same "Times" story quotes a Barcap source as saying Huang is "there or thereabouts" on proving availability of finance anyway. It indicates that the Chinese view is that Broughton and the club are trying to use a bit of brinkmanship to squeeze the price upwards, so this is their response. I'm hopeful that they still mean business (literally) because of the huge potential for everyone concerned if this comes off.
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