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Kenny Huang leading serious bid for LFC

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Do we not owe as a club 110M to kop holdings? In effect the money GnH have actually "invested" or at least the money which the club has spent on interest payments to banks and the interest on that interest(the interest Kop holdings placed on the loans it made to the club itself would in effect be the profit the yanks make).... If the RBS does sell the debt to the Chinese would they(the Chinese ) be obliged to pay that debt back as well in order to gain the shares??

It's a little bit confusing to say the least.

Barrett has just been saying that there are no other bids at all and that if huang manages to buy the debt he would have no problem forcing the yanks out.

He also said that the shit will truly hit the fan if the deal is not done believing us to be a matter of months away from administration.
 
[quote author=Rosco link=topic=41235.msg1147043#msg1147043 date=1280769778]
We'll be in administration in October if not sold
[/quote]

Fuck a duck what a mess, pair of fucking lunatics both of em...
 
[quote author=Rosco link=topic=41235.msg1147043#msg1147043 date=1280769778]
We'll be in administration in October if not sold
[/quote]

Is this a fact or your opinion?
 
[quote author=Wilko link=topic=41235.msg1147055#msg1147055 date=1280771585]
[quote author=Rosco link=topic=41235.msg1147043#msg1147043 date=1280769778]
We'll be in administration in October if not sold
[/quote]

Is this a fact or your opinion?
[/quote]

I'd suggest it's more likely than us signing Dzeko with themascherano money.
 
RBS will probably pull the plug.

If Huang is just buying the debt how will he gain full control of the club ? Surely G&H will be in a position to screw him over financially to gain full control, surely not all the clubs asserts are secured against the loans and if they are were completely fucked if this deal or anyother deal does fall through
 
[quote author=Wilko link=topic=41235.msg1147055#msg1147055 date=1280771585]
[quote author=Rosco link=topic=41235.msg1147043#msg1147043 date=1280769778]
We'll be in administration in October if not sold
[/quote]

Is this a fact or your opinion?
[/quote]

Opinion.

The next big deadline is in October according to all recent information, if no buyer is found by then RBS can pull the rug out from under us by seeking repayment of the €237m.

I don't know of any reason why they wouldn't call in the loan.
 
RBS have the power now to sell us anyway, as once July 30th passed, RBS had the legal right to call in the loan. It's up to them now. It really is that simple.

Tony Evans was on talksport earlier today and said that Torres would leave if this deal doesn't go through. He also said there was one bid though.
 
[quote author=SaintGeorge67 link=topic=41235.msg1147068#msg1147068 date=1280772949]
Talksport is factual.
[/quote]

hahaha. In much the same way that the Bible is factual.
 
[quote author=Rosco link=topic=41235.msg1147064#msg1147064 date=1280772263]
[quote author=Wilko link=topic=41235.msg1147055#msg1147055 date=1280771585]
[quote author=Rosco link=topic=41235.msg1147043#msg1147043 date=1280769778]
We'll be in administration in October if not sold
[/quote]

Is this a fact or your opinion?
[/quote]

Opinion.

The next big deadline is in October according to all recent information, if no buyer is found by then RBS can pull the rug out from under us by seeking repayment of the €237m.

I don't know of any reason why they wouldn't call in the loan.
[/quote]

Again, have we not been through all this.
There was talk before about RBS pulling the rug and making them sell and instead they extended the loan?
 
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
 
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

It was tongue in cheek, as I'm sure you are aware.

Plus, I'm sure there were 2million+ animals on fucking huge boat & a bloke parted the sea with a wooden staff 😉
 
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

Are you having a laugh? Noah's Ark is an historical account?
You're more mental than I thought.
 
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

It's about as factual as The Lord of the Rings.
 
[quote author=Frogfish link=topic=41235.msg1147033#msg1147033 date=1280768238]
[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.
[/quote]
Indeed. I was in the remote province of Guangxi in April and recall having a nice chat with the staff on the CL replay they had on tv whilst getting a foot massage at about midnight. They're as knowledgeable about football as any other sport.
 
[quote author=furyoo link=topic=41235.msg1147251#msg1147251 date=1280800628]
[quote author=Frogfish link=topic=41235.msg1147033#msg1147033 date=1280768238]
[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.
[/quote]
Indeed. I was in the remote province of Guangxi in April and recall having a nice chat with the staff on the CL replay they had on tv whilst getting a foot massage at about midnight. They're as knowledgeable about football as any other sport.
[/quote]

Fists of Furyoo
 
Huang, who is partnered by an unnamed sovereign wealth fund in the Far East, has reportedly lodged a £325m bid for the club. Liverpool’s current American owners Tom Hicks and George Gillett took over three years ago and owe Royal Bank of Scotland nearly £240m.

Bick and his consultancy Square 1 Consulting are advising Huang on all media matters in relation to the bid.

Bick is one of the leading names in football finance and has considerable experience of foreign takeovers of England’s top clubs. Square 1 Consulting handled US businessman Randy Lerner’s acquisition of Aston Villa in 2006 and former Thai Prime Minister Thaksin Shinawatra’s controversial takeover of Manchester City in 2007.

Square 1 also has past involvement in Liverpool itself, having worked on Dubai International Capital’s unsuccessful pursuit of the club in 2008 via the agency’s association with Amanda Staveley of PCP Capital Partners who led DIC’s bid.
 
[quote author=StevieM link=topic=41235.msg1147249#msg1147249 date=1280799605]
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

It's about as factual as The Lord of the Rings.
[/quote]

Source?
 
[quote author=FoxForceFive link=topic=41235.msg1147104#msg1147104 date=1280776591]
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

It was tongue in cheek, as I'm sure you are aware.

Plus, I'm sure there were 2million+ animals on fucking huge boat & a bloke parted the sea with a wooden staff 😉
[/quote]

Did you not see Evan Almighty ? It's totally possible, shame on you Jon. You 'Bible Basher' you.....

So I take it you don't want to live forever in paradise then?

*passes Jon Watchtower mag*

😀 😀
 
[quote author=Insignificance link=topic=41235.msg1147291#msg1147291 date=1280823738]
[quote author=StevieM link=topic=41235.msg1147249#msg1147249 date=1280799605]
[quote author=Brendan link=topic=41235.msg1147086#msg1147086 date=1280774861]
As a historical account, The Bible has very few peers. It's one of the reasons it's the most famous book in the world
[/quote]

It's about as factual as The Lord of the Rings.
[/quote]

Source?
[/quote]

Haha!
 
What happens if Huang is allowed to buy the debt? How does he go about taking control of the club, would he just recall the debt straight away knowing the yanks do not have the cash?
 
[quote author=Peatcheo link=topic=41235.msg1147327#msg1147327 date=1280827953]
What happens if Huang is allowed to buy the debt? How does he go about taking control of the club, would he just recall the debt straight away knowing the yanks do not have the cash?
[/quote]

Pure speculations.

However if he buys the depth with a 10% discount and the depth is secured towards LFC he will either collect the money (earning him 10% pretty quickly if the Yanks manage to cough up) or he will collect the ownership of the club for a relativly cheap price. Sounds like a smart move. After he finalizes the deal he can call Valncia and buy the rest depth on the Villa transfer and we have a nice back up for Torres 8)
 
Very interesting take and I like the boldness to push the envelope:

Liverpool's potential investors, a Far East Sovereign Wealth Fund that includes Kenny Huang, are looking to secure a takeover of the club at a knockdown price.

The investors intend to use their funds to pay for the new stadium and new players rather than line the pockets of owners George Gillett and Tom Hicks as the shares are "worthless".

"The owners will be a Far East Sovereign Wealth Fund of which Kenny Huang will be one of two main partners and owners of Liverpool football club,'' a source close to the talks revealed. "The Sovereign Wealth Fund has been in touch with the Royal Bank of Scotland and the Liverpool board to inform them that they do not value the equity of the company higher than the debt.

"The debt stands at around £350 million and at the moment the valuation is based on between 80p to £1 in the pound, but no more. In layman's terms the shares are worthless, and therefore there is no offer to the current shareholders."

That means that the offer from the Sovereign Wealth Fund is to cover all of Liverpool's current debts, most of which are with the RBS at close to £240 million. A guarantee that RBS will get its money back is extremely appealing to the bank, but not to Hicks and Gillett.

"The problem for the bank is that if this offer is not accepted soon, then the value drops, it drops if it goes past the point where investment cannot be made in new players, and to persuade the best players to stay,'' the source added. "You can understand why Gillett and Hicks would say no, because they want some value from their shares.

"It has been suggested there are alternative bids, but from the Sovereign Wealth Fund's perspective, that's fine. If they do not materialise there is a danger that the financial crisis will depend upon the extent that Liverpool go into distress.

"The new chairman was appointed by the bank as part of their agreement to extend the loan facility, but it has now emerged that the bank can call in part of that loan in October. If Liverpool do not accept this deal which is on the table, then the alternative could be dire, if they cannot find an alternative buyer.

"The board are faced with a stark choice, they could be faced with a sharp dip in valuation of the company, top players leaving and little funds to buy new ones. What this takeover will provide is the funds to start construction on a new stadium which is long overdue. This is crucial. You are not in the game if you do not have a modern stadium.''
 
This will be a game of high-stakes brinkmanship. The problem is, those fucking Yanks would probably rather bluff and lose everything (we end up fucked) than sell and achieve no profit.
 
That may depend on their other debts/commitments. We have to hope those may prompt them to accept 80% (or whatever) of the notional value of their shares as opposed to 100% of f'ck all.
 
[quote author=doctor_mac link=topic=41235.msg1147492#msg1147492 date=1280843503]
This will be a game of high-stakes brinkmanship. The problem is, those fucking Yanks would probably rather bluff and lose everything (we end up fucked) than sell and achieve no profit.
[/quote]

they have done it before I think. I'll be shocked if they do what's best for the club rather than themselves
 
I have no idea whether the poster Bamba on RAWK is reputable or what but he posted this not too long ago -

This may well now be moving towards its end-game. There's a board meeting this afternoon (nobody knows whether all five will be in the same room, where it will take place or whether it's a conference call). There is lots and lots to tell, but for now my priority is not to say anything that may jeopardise any deal. Two things, though. 1) I've spent the last 24 hours trying to re-establish from those who know him, and his team, what sort of an owner Ken Huang would be. Again, the people I trust most have re-iterated that nobody who does business on an international scale is a perfect fit for Liverpool F.C. We're talking Money Men, here. But they're convinced that Huang is a decent man, understands what's special about LFC, reveres our legend as much as our potential and is as good as it's ever going to get in modern football terms. He's in a hurry, because he wants a big season for Liverpool. He wants to give the manager funds to spend now. 2) Nobody should be in any doubt as to the critical role Martin Broughton has in this process. His reputation is at stake, and he is under the closest possible scrutiny. That was part of the rationale in letting this story go wide yesterday. This is now out in the open where everyone can see what's happening. This club and its worldwide support has a million eyes, and nothing can be done under the table. It is now up to him, as much as anybody, to do the right thing.

For now, I'd best shut up. I want this to happen.
 
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