LFC SOLD to NESV.
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Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Liverpool FC sold to NESV
New England Sports Ventures announces that it has completed the purchase of Liverpool Football Club. NESV wishes to extend its sincere gratitude to the Board of Liverpool FC for their diligence and their efforts on behalf of the Club and its supporters.
The transaction values the Club at £300m and eliminates all of the acquisition debt placed on LFC by its previous owners, reducing the Club's debt servicing obligations from £25m-£30m a year to £2m-£3m.
New England Sports Ventures is committed to winning and currently owns a portfolio of companies, including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Roush Fenway Racing.
NESV Principal Owner John Henry said:
"On behalf of the entire NESV partnership, I want to express how incredibly proud and humbled we are to be confirmed as the new owners of Liverpool FC. We regard our role as that of stewards for the Club with a primary focus on returning the Club to greatness on and off the field for the long-term. We are committed first and foremost to winning. We have a history of winning, and today we want LFC supporters to know that this approach is what we intend to bring to this great Club."
Liverpool FC Chairman Martin Broughton, said:
"I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive. The Board decided to accept NESV's offer on the basis that it best met the criteria we set out originally for a new owner. NESV is buying Liverpool in order to put it on an excellent financial footing and continue to develop it internationally. This is a good deal which comprehensively resolves the pressing issue of the Club's debt and should give staff, players and fans great confidence regarding the future of Liverpool FC."
NESV Chairman Thomas Werner said:
"We recognize that Liverpool Football Club is an historic institution ultimately grounded in the community and the fans. Our first step as new owners will be to listen. We want to hear from the Manager and the players and those who are part of the daily operation of the Club. We will be visible at Anfield and will embrace and listen to those who have stood by this Club and who are the rock on which its future success will be built. We want to hear from the fans, local leaders and the local community. We want to hear from those who know LFC best, who have made it the best and share our desire to return to a culture of winning.
NESV is committed to creating a long-term, financially strong foundation for the Club and dedicated to ensuring the Club has the financial resources to be successful again and attract the best players. To that end, the transaction has been structured in such a way as to eliminate all of the acquisition debt on the Club.
In the coming days and months, NESV will work closely with the LFC executive team to listen and learn about every facet of the organization. During this time, the new owners will begin to look at areas for greatest opportunity to increase the appeal of the Club nationally and internationally. NESV wants to once again create a culture and environment to allow people to excel at the Club on every front. During this period, NESV will also begin to examine opportunities to enhance the matchday experience in the short-term, while also carefully studying the various long-term options that may be possible.
Mr Henry and Mr Werner added:
"We are eager to commence with our plan, spend time with the organization, its leadership, its supporters, and the local communities. We will take these steps alongside the Club's executives with a shared objective of stabilizing the Club and ultimately returning Liverpool FC to its rightful place in English and European football, successful and competing for trophies."
Liverpool FC sold to NESV
New England Sports Ventures announces that it has completed the purchase of Liverpool Football Club. NESV wishes to extend its sincere gratitude to the Board of Liverpool FC for their diligence and their efforts on behalf of the Club and its supporters.
The transaction values the Club at £300m and eliminates all of the acquisition debt placed on LFC by its previous owners, reducing the Club's debt servicing obligations from £25m-£30m a year to £2m-£3m.
New England Sports Ventures is committed to winning and currently owns a portfolio of companies, including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Roush Fenway Racing.
NESV Principal Owner John Henry said:
"On behalf of the entire NESV partnership, I want to express how incredibly proud and humbled we are to be confirmed as the new owners of Liverpool FC. We regard our role as that of stewards for the Club with a primary focus on returning the Club to greatness on and off the field for the long-term. We are committed first and foremost to winning. We have a history of winning, and today we want LFC supporters to know that this approach is what we intend to bring to this great Club."
Liverpool FC Chairman Martin Broughton, said:
"I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive. The Board decided to accept NESV's offer on the basis that it best met the criteria we set out originally for a new owner. NESV is buying Liverpool in order to put it on an excellent financial footing and continue to develop it internationally. This is a good deal which comprehensively resolves the pressing issue of the Club's debt and should give staff, players and fans great confidence regarding the future of Liverpool FC."
NESV Chairman Thomas Werner said:
"We recognize that Liverpool Football Club is an historic institution ultimately grounded in the community and the fans. Our first step as new owners will be to listen. We want to hear from the Manager and the players and those who are part of the daily operation of the Club. We will be visible at Anfield and will embrace and listen to those who have stood by this Club and who are the rock on which its future success will be built. We want to hear from the fans, local leaders and the local community. We want to hear from those who know LFC best, who have made it the best and share our desire to return to a culture of winning.
NESV is committed to creating a long-term, financially strong foundation for the Club and dedicated to ensuring the Club has the financial resources to be successful again and attract the best players. To that end, the transaction has been structured in such a way as to eliminate all of the acquisition debt on the Club.
In the coming days and months, NESV will work closely with the LFC executive team to listen and learn about every facet of the organization. During this time, the new owners will begin to look at areas for greatest opportunity to increase the appeal of the Club nationally and internationally. NESV wants to once again create a culture and environment to allow people to excel at the Club on every front. During this period, NESV will also begin to examine opportunities to enhance the matchday experience in the short-term, while also carefully studying the various long-term options that may be possible.
Mr Henry and Mr Werner added:
"We are eager to commence with our plan, spend time with the organization, its leadership, its supporters, and the local communities. We will take these steps alongside the Club's executives with a shared objective of stabilizing the Club and ultimately returning Liverpool FC to its rightful place in English and European football, successful and competing for trophies."
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=Asim link=topic=41783.msg1197515#msg1197515 date=1287156250]
[quote author=Skullflower link=topic=41783.msg1197514#msg1197514 date=1287156175]
The beating hicks has taken is exquisite.
[/quote]
The only way it could have been better is if they were to be put in prison, having said that I'm over the flipping moon.
[/quote]
That would have drawn the biggest laughing fit of my life.
[quote author=Asim link=topic=41783.msg1197515#msg1197515 date=1287156250]
[quote author=Skullflower link=topic=41783.msg1197514#msg1197514 date=1287156175]
The beating hicks has taken is exquisite.
[/quote]
The only way it could have been better is if they were to be put in prison, having said that I'm over the flipping moon.
[/quote]
That would have drawn the biggest laughing fit of my life.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Hmmmmm, hand aloft....... Seems to remind me of someone.....
Hmmmmm, hand aloft....... Seems to remind me of someone.....
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
can I say, thank you to RBS for rejecting hicks/Milf offer to pay off the debt. 🙂
can I say, thank you to RBS for rejecting hicks/Milf offer to pay off the debt. 🙂
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
I feel more relief than elation to be honest
I feel more relief than elation to be honest
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=spider-neil link=topic=41783.msg1197526#msg1197526 date=1287156659]
can I say, thank you to RBS for rejecting hicks/Milf offer to pay off the debt. 🙂
[/quote]
RBS didnt reject it outright - they had already agreed with NESV if they had accepted MILF then they would be open to litigation from NESV
[quote author=spider-neil link=topic=41783.msg1197526#msg1197526 date=1287156659]
can I say, thank you to RBS for rejecting hicks/Milf offer to pay off the debt. 🙂
[/quote]
RBS didnt reject it outright - they had already agreed with NESV if they had accepted MILF then they would be open to litigation from NESV
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
The fact at least 20 million pounds has been made available (or should be made available) is great news.
If NESV are able to sort out the stadium issues then we should be in a very good situation, also Henry spoke about being winners and spoke about their wage bill at the Red Sox being second highest.
The fact at least 20 million pounds has been made available (or should be made available) is great news.
If NESV are able to sort out the stadium issues then we should be in a very good situation, also Henry spoke about being winners and spoke about their wage bill at the Red Sox being second highest.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
G&H lawyers statement is laughable. He'll be embarassed if only he knows how G&H fucked us over and brought us to the brink!
Damages, they'll get none. They have a track record or carnage that follows them wherever they go and its well documented.
G&H lawyers statement is laughable. He'll be embarassed if only he knows how G&H fucked us over and brought us to the brink!
Damages, they'll get none. They have a track record or carnage that follows them wherever they go and its well documented.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=Asim link=topic=41783.msg1197529#msg1197529 date=1287156825]
The fact at least 20 million pounds has been made available (or should be made available) is great news.
If NESV are able to sort out the stadium issues then we should be in a very good situation, also Henry spoke about being winners and spoke about their wage bill at the Red Sox being second highest.
[/quote]
In addition to this i think the best thing they have done imo is keep the current board going i.e. ayre, purslow and maybe broughton
They will be doing some big things in Asia from here on
[quote author=Asim link=topic=41783.msg1197529#msg1197529 date=1287156825]
The fact at least 20 million pounds has been made available (or should be made available) is great news.
If NESV are able to sort out the stadium issues then we should be in a very good situation, also Henry spoke about being winners and spoke about their wage bill at the Red Sox being second highest.
[/quote]
In addition to this i think the best thing they have done imo is keep the current board going i.e. ayre, purslow and maybe broughton
They will be doing some big things in Asia from here on
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
if anyone hasn't seen it they should watch the NESV promo video
if anyone hasn't seen it they should watch the NESV promo video
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Henry was asked if he can guarantee if it isn't a leveraged buy out and he relied 'I can guarantee it'
Henry was asked if he can guarantee if it isn't a leveraged buy out and he relied 'I can guarantee it'
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
The reduction in our debts is the main thing. This is not a leveraged buy-out and those words are music to my ears.
I'm cautiously happy. And fucking made-up the cowboys are gone and broke too.
The reduction in our debts is the main thing. This is not a leveraged buy-out and those words are music to my ears.
I'm cautiously happy. And fucking made-up the cowboys are gone and broke too.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Well thank fuck for that.
Tom Hicks, you are one slimey fucking cunt and I wish you nothing but misfortune in your professional & personal life you greedy fucking cunt. But you are fucking gone now and I will not give you another thought.
Welcome to NESV, you've got a serious amount of work to do lads. Good luck to you all.
What a fucking excellent day.
Well thank fuck for that.
Tom Hicks, you are one slimey fucking cunt and I wish you nothing but misfortune in your professional & personal life you greedy fucking cunt. But you are fucking gone now and I will not give you another thought.
Welcome to NESV, you've got a serious amount of work to do lads. Good luck to you all.
What a fucking excellent day.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=doctor_mac link=topic=41783.msg1197535#msg1197535 date=1287157097]
The reduction in our debts is the main thing. This is not a leveraged buy-out and those words are music to my ears.
I'm cautiously happy. And fucking made-up the cowboys are gone and broke too.
[/quote]
Amen.
[quote author=doctor_mac link=topic=41783.msg1197535#msg1197535 date=1287157097]
The reduction in our debts is the main thing. This is not a leveraged buy-out and those words are music to my ears.
I'm cautiously happy. And fucking made-up the cowboys are gone and broke too.
[/quote]
Amen.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
I expect they will want 4 on the board
I expect they will want 4 on the board
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
I really hope, for SaintGeorge's sake, he says 'We're gonna build that sucker'
I really hope, for SaintGeorge's sake, he says 'We're gonna build that sucker'
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
*puts on hard hat *
Just to say G&H made loads of promises when they brought LFC in '07 and didn't pull through, so you know cautious hat an all.
I'm still over the bloody moon, and I am happy we have been brought by NESV what they have done in Boston has been good news and they continue to stay there and make important contributions.
GOOOO LIVERPOOOL RED SOX
*puts on hard hat *
Just to say G&H made loads of promises when they brought LFC in '07 and didn't pull through, so you know cautious hat an all.
I'm still over the bloody moon, and I am happy we have been brought by NESV what they have done in Boston has been good news and they continue to stay there and make important contributions.
GOOOO LIVERPOOOL RED SOX
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Were gonna redevelop that son of a bitch.
Were gonna redevelop that son of a bitch.
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=RMA link=topic=41783.msg1197523#msg1197523 date=1287156438]
apparently oing to be listening to SOS etc as well
[/quote]
I wouldn't have thought if Purslow has anything to do with it they would
regards
[quote author=RMA link=topic=41783.msg1197523#msg1197523 date=1287156438]
apparently oing to be listening to SOS etc as well
[/quote]
I wouldn't have thought if Purslow has anything to do with it they would
regards
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
[quote author=LadyRed link=topic=41783.msg1197540#msg1197540 date=1287157406]
I hope we win the Premiership soon.
[/quote]
this season I hope we stay up 😉
[quote author=LadyRed link=topic=41783.msg1197540#msg1197540 date=1287157406]
I hope we win the Premiership soon.
[/quote]
this season I hope we stay up 😉
Re: LFC SOLD to NESV! (We know this as the fat man's been stung)
Hodgeson press conference is sooooo fucking humdrum after all the action.
Hodgeson press conference is sooooo fucking humdrum after all the action.
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