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Kenny Huang leading serious bid for LFC

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[quote author=Sunny link=topic=41235.msg1146934#msg1146934 date=1280757573]
Its been said there are no other bids on the table. This has to happen really or there needs to be some pretty strong reasons why it wont
[/quote]

As long as these lads are researched in just a little bit more depth than the shit from the U.S. were.
 
[quote author=Sunny link=topic=41235.msg1146941#msg1146941 date=1280758177]
[quote author=Brendan link=topic=41235.msg1146939#msg1146939 date=1280757961]
[quote author=Sunny link=topic=41235.msg1146934#msg1146934 date=1280757573]
Its been said there are no other bids on the table. This has to happen really or there needs to be some pretty strong reasons why it wont
[/quote]

It undervalues the club?

Huang hasn't actually got the cash in place?

The 1 millionth "smokescreen"?
[/quote]

£350m for a club that was purchased for £237, isnt undervalued considering, if anything, we've gone backwards under the two twats. If anything, their value of the club is vastly overpriced.

[/quote]

That's not entirely true because the revenue has went up considerably, in fact if we weren't having to service the debt created by G+H loans then we would be quite profitable without a new stadium.
 
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
 
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

Of course G&H have more than just a say in the deal - however if the Huang consortium put a (what RBS consider to be) viable and realistic deal together, then the bank does have the influence on G&H to make the deal work - its the only offer in place, the figures considered are reasonable, if you dont make it work were pulling the debt....
 
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

Sure they could probably raise £100m from the sale of Gerrard, Torres and Mascherano but they are thus devaluing the club by doing that. You can't force a player to go either. Torres and Gerrard could simply stand their ground. There's going to be more ownership head fucking going on for the next week or so that's for sure. What the outcome is will be anyones guess but one thing we know is that the two twats stubbornness and greed knows no bounds. They wont go without a fight.
 
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

Surely it has to be a Board decision to approve the sale, so obviously G&H will have a say. Purslow, Ayre & Broughton aree the oerth members of the Board. I thought the key thing was that G&H couldn't veto a deal if the other members of the Board votede in favour.

I could be wrong.

In any case, part of me wants this deal to go through simply because G&H would not make a massive amount on their initial investment... which seems rather appropriate.
 
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

I agree completely on the first point.

On the second, doesn't that directly contradict what Broughton said at the press conference to unveil Hodgson as manager? Was he lying?
 
[quote author=Sunny link=topic=41235.msg1146953#msg1146953 date=1280760100]
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

Sure they could probably raise £100m from the sale of Gerrard, Torres and Mascherano but they are thus devaluing the club by doing that. You can't force a player to go either. Torres and Gerrard could simply stand their ground. There's going to be more ownership head fucking going on for the next week or so that's for sure. What the outcome is will be anyones guess but one thing we know is that the two twats stubbornness and greed knows no bounds. They wont go without a fight.
[/quote]

Exactly. Prepare for roller coaster up to deadline day (as if we didnt know that already).
 
[quote author=TheBunnyman link=topic=41235.msg1146955#msg1146955 date=1280760175]
[quote author=Redshrek link=topic=41235.msg1146950#msg1146950 date=1280759735]
I don't like the way the club is being rushed into a deal, we should have learnt from last time about researching your buyer. I Appreciate that the window is fast approaching but that should be by no means a reason to just push through the deal. We need to make sure this is the right investor.

Oh and something i've just been told Hicks and Gillette still have a say in this. Apparently as they are still paying the refinance and could at request reduce the debt by a further 100 Million ( and we know how they could do that) then they still have a say on wether we are sold or not.
[/quote]

I agree completely on the first point.

On the second, doesn't that directly contradict what Broughton said at the press conference to unveil Hodgson as manager? Was he lying?

[/quote]

I don't understand the mechanics of how the deal will be / won't be agreed, but if H&G get the debt down then there's no pressure from the banks to sell the club. The reason there is pressure now is that theres to much debt. I was just passing info on that had been passed to me whether its true or not that's a different thing. With regards to devaluing the club, Hicks seems to think in the next year or 2 is when the big money comes in from TV / Internet TV deals. He belives Liverpool could rack cash loads money from this hence the high value. He seems to think the name rather than players will atrract the big bucks.
 
Selling players, how do you think Hicks and Gillet would be able to reduce their debt ? I can't see many institutions willing to lend to Hicks given his solvency problems with the Texas Rangers. This financial talk really fucks me off, football seemed much simpler many years ago...
 
The pair put the club up for sale in April after admitting they had taken Liverpool as far as they could and independent chairman Martin Broughton was appointed along with Barclays Capital to find a new buyer.

However, Huang bypassed that process completely by going straight to major creditors RBS.

He hopes by making an offer which will see the bank receive most of their money back he can stay one step ahead and force Hicks and Gillett out of Anfield.

“By going to RBS you can leverage a large amount of pressure that no-one else can on the owners,†the insider added.

“It is a deal which has no interest in shareholders, meaning there will be no profit for Hicks and Gillett.â€
Click to expand...

Those 2 will surely not give up without a fight. Besides, if perspective buyers can do this, then what if all those who're interested go direct to RBS instead? How would they decide then? Based on who's willing to pay extra? ???
 
[quote author=Binny link=topic=41235.msg1146961#msg1146961 date=1280761404]
The pair put the club up for sale in April after admitting they had taken Liverpool as far as they could and independent chairman Martin Broughton was appointed along with Barclays Capital to find a new buyer.

However, Huang bypassed that process completely by going straight to major creditors RBS.

He hopes by making an offer which will see the bank receive most of their money back he can stay one step ahead and force Hicks and Gillett out of Anfield.

“By going to RBS you can leverage a large amount of pressure that no-one else can on the owners,†the insider added.

“It is a deal which has no interest in shareholders, meaning there will be no profit for Hicks and Gillett.â€
Click to expand...

Those 2 will surely not give up without a fight. Besides, if perspective buyers can do this, then what if all those who're interested go direct to RBS instead? How would they decide then? Based on who's willing to pay extra? ???



[/quote]

Highest bidder wins. Simple as in a world of finance. LFC is just an asset. Fans have not rights as consumers. Take it or leave it.
 
NEWS ON BBC

I've just seen this on the BBC World Service.

There are SIX serious bids and Kenneth Huang's is just one of them. Decision by end of next week on which one to proceed with. Club is valued at 550M.

Whoooo Hooooo !!!

I've now moved this comment to it's own thread.
 
[quote author=Y1 link=topic=41235.msg1146962#msg1146962 date=1280761782]
[quote author=Binny link=topic=41235.msg1146961#msg1146961 date=1280761404]
The pair put the club up for sale in April after admitting they had taken Liverpool as far as they could and independent chairman Martin Broughton was appointed along with Barclays Capital to find a new buyer.

However, Huang bypassed that process completely by going straight to major creditors RBS.

He hopes by making an offer which will see the bank receive most of their money back he can stay one step ahead and force Hicks and Gillett out of Anfield.

“By going to RBS you can leverage a large amount of pressure that no-one else can on the owners,†the insider added.

“It is a deal which has no interest in shareholders, meaning there will be no profit for Hicks and Gillett.â€
Click to expand...

Those 2 will surely not give up without a fight. Besides, if perspective buyers can do this, then what if all those who're interested go direct to RBS instead? How would they decide then? Based on who's willing to pay extra? ???



[/quote]

Highest bidder wins. Simple as in a world of finance. LFC is just an asset. Fans have not rights as consumers. Take it or leave it.
[/quote]

Ya, understandably so, but the 'carrot' to RBS is to clear the amount they were owed. Can't see Buyer B coming in and say Liverpool owed you X million, here's X + Y million to win the 'bid'. At the end of the day RBS owed to receive only X million no matter who the buyer is, isn't it? In that case it seems more of a 1st come 1st served basis in RBS' point of view, if they decide to go down that route.
 
[quote author=Binny link=topic=41235.msg1146979#msg1146979 date=1280763685]
[quote author=Y1 link=topic=41235.msg1146962#msg1146962 date=1280761782]
[quote author=Binny link=topic=41235.msg1146961#msg1146961 date=1280761404]
The pair put the club up for sale in April after admitting they had taken Liverpool as far as they could and independent chairman Martin Broughton was appointed along with Barclays Capital to find a new buyer.

However, Huang bypassed that process completely by going straight to major creditors RBS.

He hopes by making an offer which will see the bank receive most of their money back he can stay one step ahead and force Hicks and Gillett out of Anfield.

“By going to RBS you can leverage a large amount of pressure that no-one else can on the owners,†the insider added.

“It is a deal which has no interest in shareholders, meaning there will be no profit for Hicks and Gillett.â€
Click to expand...

Those 2 will surely not give up without a fight. Besides, if perspective buyers can do this, then what if all those who're interested go direct to RBS instead? How would they decide then? Based on who's willing to pay extra? ???



[/quote]

Highest bidder wins. Simple as in a world of finance. LFC is just an asset. Fans have not rights as consumers. Take it or leave it.
[/quote]

Ya, understandably so, but the 'carrot' to RBS is to clear the amount they were owed. Can't see Buyer B coming in and say Liverpool owed you X million, here's X + Y million to win the 'bid'. At the end of the day RBS owed to receive only X million no matter who the buyer is, isn't it? In that case it seems more of a 1st come 1st served basis in RBS' point of view, if they decide to go down that route.
[/quote]

Ah yes but if only there are no serious bidders. If there are a few as what Froggy just posted, the Chairman must take care of the stakeholders too.
 
The possibilities and potential of marketing revenues generated from the Chinese market are astronomically huge, if this takeover comes into fruition !!

If just 0.5% of 2 Billion people (estimated total Chinese population) supports LFC, which equals to 10 Mil ppl, you're already onto a goldmine.

And that's not even including the domino effect that would have on the worldwide asian market.
 
[quote author=Sunny link=topic=41235.msg1146960#msg1146960 date=1280760935]
Selling players, how do you think Hicks and Gillet would be able to reduce their debt ? I can't see many institutions willing to lend to Hicks given his solvency problems with the Texas Rangers. This financial talk really fucks me off, football seemed much simpler many years ago...
[/quote]

Yes, agreed

And it usually went a bit like this:

Liverpool play football. Liverpool win matches. Liverpool win trophies.

End of story.
 
[quote author=My_Blood_Bleeds_Red link=topic=41235.msg1146997#msg1146997 date=1280765226]
The possibilities and potential of marketing revenues generated from the Chinese market are astronomically huge, if this takeover comes into fruition !!

If just 0.5% of 2 Billion people (estimated total Chinese population) supports LFC, which equals to 10 Mil ppl, you're already onto a goldmine.

[/quote]

70% of the Chinese population are peasants with just a few hundred dollars few household income p.a.

However 30% of an estimated population of 1.7 billion = 500 million which is still a huge number !
 
Can buyers just go straight to RBS? No matter how they have the money H&G are official owners. just seems odd.
 
The Lone Ranger and Tonto are in hock to RBS up to their eyebrows though. RBS can step in and order a sale at any time. Hopefully they will now, in fact, if even one of these apparent offers is suitable and the cowboys won't sell.
 
The idea of the American shit leaving with no profit or, even better, a loss is very appealing.
 
[quote author=Frogfish link=topic=41235.msg1147003#msg1147003 date=1280765428]
[quote author=My_Blood_Bleeds_Red link=topic=41235.msg1146997#msg1146997 date=1280765226]
The possibilities and potential of marketing revenues generated from the Chinese market are astronomically huge, if this takeover comes into fruition !!

If just 0.5% of 2 Billion people (estimated total Chinese population) supports LFC, which equals to 10 Mil ppl, you're already onto a goldmine.

[/quote]

70% of the Chinese population are peasants with just a few hundred dollars few household income p.a.

However 30% of an estimated population of 1.7 billion = 500 million which is still a huge number !
[/quote]

Provided all 30% are into football and support LFC, which most probably is like a 1 in a 500 million long-shot.
 
[quote author=Sunny link=topic=41235.msg1146918#msg1146918 date=1280754188]
[quote author=plates link=topic=41235.msg1146915#msg1146915 date=1280753661]
It sort of sounds like a hostile-takeover. Kenny H would have looked through the books this past few weeks, has probably been following the on-going's including the distain shown by the fans and has thought it's a perfect time to make the move. If the reports are to be believed and that G&H don't come out of this with a profit then that has to indicate a hostile take-over. Three of the board members should vote for a deal to go through so it could be very interesting. The two week issue would really be for the fans consumption more so the banks. I am sure Kenny H's PR firm has dropped this info to push the fans into action with regards to putting pressure on the banks. Why else would they need to say it? the banks only care about their money and if they are watching the on-goings in Texas with Hicks and his other two sports teams, RBS should be ready to sign-off a.s.a.p.

my humble two-pennies worth!

YNWA!
[/quote]

The board votes I guess would consist of Gillet, Hicks, Broughton, Purslow, Ayre and Nash. Would it need a 50% vote (I suspect everyone but G&H would need to vote in favour). I would love this all to be true and those two greedy lyings cunts to walk away with very little but past experience simply blocks any kind of excitement or anticipation to take place for me. I'm essentially blocking it out.
[/quote]

The Board votes for which bid is the best to put to the shareholders, but ultimately it is the shareholders decision on whether to sell or not.
 
[quote author=refugee link=topic=41235.msg1146943#msg1146943 date=1280758433]
[quote author=Sunny link=topic=41235.msg1146941#msg1146941 date=1280758177]
[quote author=Brendan link=topic=41235.msg1146939#msg1146939 date=1280757961]
[quote author=Sunny link=topic=41235.msg1146934#msg1146934 date=1280757573]
Its been said there are no other bids on the table. This has to happen really or there needs to be some pretty strong reasons why it wont
[/quote]

It undervalues the club?

Huang hasn't actually got the cash in place?

The 1 millionth "smokescreen"?
[/quote]

£350m for a club that was purchased for £237, isnt undervalued considering, if anything, we've gone backwards under the two twats. If anything, their value of the club is vastly overpriced.

[/quote]

That's not entirely true because the revenue has went up considerably, in fact if we weren't having to service the debt created by G+H loans then we would be quite profitable without a new stadium.
[/quote]

We wouldn't be profitable even without the interest. The losses in the last two years were about 11m bigger than the interest payments.
 
If RBS call in the loan then G&H would probably default. The reported bid is less than the total debt. It gets better, if RBS accept the bid, G&H basically walk away empty handed.

That thought warms my bleeding RED heart!
 
[quote author=RolandG link=topic=41235.msg1147023#msg1147023 date=1280767186]
If RBS call in the loan then G&H would probably default. The reported bid is less than the total debt. It gets better, if RBS accept the bid, G&H basically walk away empty handed.

That thought warms my bleeding RED heart!
[/quote]

And what happens to LFC in that instance ?

Administration and 9 point deduction.

Well done.
 
I think G&H having to leave with nothing is perfect karma and would make any takeover far far sweeter.

As said before, we need this to go through asap, so we can try and get some players in this window. I really hope we dont go all Man City though and start paying ridiculous prices for average players like Lescott, Santa Cruz etc.
 
[quote author=My_Blood_Bleeds_Red link=topic=41235.msg1147014#msg1147014 date=1280766528]
[quote author=Frogfish link=topic=41235.msg1147003#msg1147003 date=1280765428]
[quote author=My_Blood_Bleeds_Red link=topic=41235.msg1146997#msg1146997 date=1280765226]
The possibilities and potential of marketing revenues generated from the Chinese market are astronomically huge, if this takeover comes into fruition !!

If just 0.5% of 2 Billion people (estimated total Chinese population) supports LFC, which equals to 10 Mil ppl, you're already onto a goldmine.

[/quote]

70% of the Chinese population are peasants with just a few hundred dollars few household income p.a.

However 30% of an estimated population of 1.7 billion = 500 million which is still a huge number !
[/quote]

Provided all 30% are into football and support LFC, which most probably is like a 1 in a 500 million long-shot.

[/quote]

The Chinese are as football crazy as the rest of Asia - the EPL is shown live on about 3 channels every week.
 
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