LFC SOLD to NESV.

[LadyRed]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=peterhague link=topic=41783.msg1189990#msg1189990 date=1286365811]
[quote author=LadyRed link=topic=41783.msg1189973#msg1189973 date=1286365323]
[quote author=Redshrek link=topic=41783.msg1189966#msg1189966 date=1286365063]
[quote author=LadyRed link=topic=41783.msg1189962#msg1189962 date=1286364798]
[quote author=Redshrek link=topic=41783.msg1189959#msg1189959 date=1286364525]
The redevelopement of Anfield would cost even more than building a new stadium. [/quote]

You don't know that.

Plus it sounds very unlikely. I'd love it if they could redevelop Anfield to accommodate 60k fans.
[/quote]

When they where orignally talking about building the new ground, moores and parry checked how viable it would be to redevlop anfield and they found that it would be more costly to redvelop than just building a new ground.


[/quote]

That was what 6-7years ago? Things could have changed a fair bit since them, in terms of construction innovation (I dunno) but maybe some moves have been made in terms of acquiring the land surrounding Anfield? I don't know obviously, but I'm certainly happy for the issue to be revisited to see if there is a way around it.
[/quote]


you'd be right. according to share liverpool plans the stadium could quite easily be redeveloped and with very little loss in revenue from stand closures, precisely because of innovations i the construction indutry.

i really hope this is the way they go. tradition and heritage matter, we should never forget that.
[/quote]

This would honestly be far far better than a new stadium, I baffled that everyone isn't in agreement on this.

I love Anfield.

 

[Squiggles]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Avmenon link=topic=41783.msg1190007#msg1190007 date=1286366501]
[quote author=Sunny link=topic=41783.msg1189997#msg1189997 date=1286366129]
[quote author=Squiggles link=topic=41783.msg1189989#msg1189989 date=1286365800]
[quote author=TheBunnyman link=topic=41783.msg1189982#msg1189982 date=1286365630]
Good news that the legal process can't drag on. If it's really all ratified before the Everton match, you'd have to be extremely happy and relieved. Well, unless your name was Brendan.

And then, step two: sack Hodgson.


[/quote]

They want to keep him.
[/quote]

They always say that though...
[/quote]

It all depends on their intentions, I guess.

Bernie Mullins on SSN thinks there is a danger that NESV is looking to flip Liverpool.

Thatwould be really shity, in which case I doubt they'd care aboutho shitty Hdgson is doing.

If the're planning to resurrect our sorting prowess, I'd say Hodgson is fucked.

(on the plus side, Mulins is 'optimistic' about NESV since he thinks NESV have excellent credentials in managing sports entities)
[/quote]

I don't understand any of this.

 

[manwithnoname]

Re: LFC Sold to NESV (New England Sports Ventures)

Bernie Mullins on SSN thinks there is a danger that NESV is looking to flip Liverpool.

Thatwould be really shity, in which case I doubt they'd care aboutho shitty Hdgson is doing.

If the're planning to resurrect our sorting prowess, I'd say Hodgson is fucked.

Translation anyone?

 

[Squiggles]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Brendan link=topic=41783.msg1190009#msg1190009 date=1286366538]

True enough. I was just pointing out that Hodgson's going to be given a chance, rather than a quick impulse sacking which many desire. He might even be allowed to stay until January where he can spend a bit of cash, providing results pick up dramatically in the mean time.

No new owners wold come in and sack the manager staright away, even one as unpopular and shit as Hodgson.

That said, if Chelsea and Man Shitty are anything to go by, "straight away" doesn't usually mean they've got very long, and they both had better managers in place than fucking Budgie.
[/quote]

Well let's hope they'll spend the next month or so looking for potential replacements, and they don't draft me in as a consultant.

 

[Terrier]

Re: LFC Sold to NESV (New England Sports Ventures)

Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

 

[LadyRed]

Re: LFC Sold to NESV (New England Sports Ventures)

I think they'd give him a few more weeks to try to turn things around. Didn't someone say that they quickly got rid of the Red Sox coach?

Anyway, the sale might mean we're willing to attract a half decent manager who might be able to attract some half decent players, so the sooner the better really.

 

[Avmenon]

Re: LFC Sold to NESV (New England Sports Ventures)

Sorry.

(Dr. Bernie Mullin is the first non-American to hold the position of President of a US Major League Professional team, and he ran two of them at the same time, the NBA’s Atlanta Hawks and the NHL’s Atlanta Thrashers plus world-class Philips Arena, the 4th most profitable arena in North America. British-born, Mullin has over thirty years of experience in Sports, Entertainment and Higher Education in senior executive roles producing outstanding results)

If NESV are going to flip us,they'll just look for the quick profits since 300 million is probably an undervalue.
In that event, Hodgson's failings on the pitch are less important.

But if they're planning to hold on for the longterm, they'll probably be able to raise substantial funds for players/or the stadium since they're buying us at an undervalue.

If Hodgson keeps fucking up, he's certainly gone.

 

[manwithnoname]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

Oh.

 

[singlerider]

Re: LFC Sold to NESV (New England Sports Ventures)

So with this whole legal wrangling business - is it not the case that if it drags on and is not sorted out soon, H+G default on the debt and get the club taken off them anyway?

 

[LadyRed]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

Not necessarily. Depends on how much they want to make and how long a term investment they see this as. They may decide some investment from them, i.e. expansion of stadium and a winning brand would make Liverpool a far more attractive investment prospect, for them to sell on in a few years.

Plus they haven't looked to make a quick turn around on the Red Sox which has got to be positive.

 

[gareth_thomas]

Re: LFC Sold to NESV (New England Sports Ventures)

Broughton- Has impressed me in all the interviews he has given..

The only reason i am sceptical is due to the massive amount of shite i hear from Liverpool fans.

 

[Judge Jules]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

That doesn't make sense. If they've bought us at a deep discount, it's because we're underperforming. As long as that continues, they're not going to get "closer to par value" at any time, let alone in the near future, without real investment to get us motoring again.

 

[Judge Jules]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=gareth_thomas link=topic=41783.msg1190024#msg1190024 date=1286367007]
Broughton- Has impressed me in all the interviews he has given..

The only reason i am sceptical is due to the massive amount of shite i hear from Liverpool fans.
[/quote]

Something else also struck me as I watched Broughton on the midday news bulletins. To me he actually looked and sounded pretty p!ssed off with H and G, and well up for dealing with whatever they try and throw at us now.

 

[Avmenon]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190025#msg1190025 date=1286367151]
[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

That doesn't make sense. If they've bought us at a deep discount, it's because we're underperforming. As long as that continues, they're not going to get "closer to par value" at any time, let alone in the near future, without real investment to get us motoring again.
[/quote]


I'm also optimistic too, a little bit.

 

[grjt]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190025#msg1190025 date=1286367151]
[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

That doesn't make sense. If they've bought us at a deep discount, it's because we're underperforming. As long as that continues, they're not going to get "closer to par value" at any time, let alone in the near future, without real investment to get us motoring again.
[/quote]

Exactly - plus you suspect that the big financial upside for them rests in looking at international marketing opportunities - leveraging the NASCAR team and LFC in the middle east, the Irish soccer fanbase on the east coast, far east tie-ins, etc

 

[Avmenon]

Re: LFC Sold to NESV (New England Sports Ventures)

Yup, agree with this.

I'm curious about the Asian bid though.

Anyone ITK about that?

 

[peterhague]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190025#msg1190025 date=1286367151]
[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

That doesn't make sense. If they've bought us at a deep discount, it's because we're underperforming. As long as that continues, they're not going to get "closer to par value" at any time, let alone in the near future, without real investment to get us motoring again.
[/quote]


partly true, but don't forget that the real reason the price has been squeezed is because of the imminent deadline fordebt repayment, which the owners can't meet. presumably this won't be the case with the new owners.

it's not inconceivable that they pay £300m, invest maybe £50m in the team (plus other transfer funds being freed by elimination of debt interest) and sell on in a year or 2 for say £450m and a tidy profit. it'd be a sound enough plan.

 

[Terrier]

Re: LFC Sold to NESV (New England Sports Ventures)

This is like arbitrage, where astute investors take advantage of price imbalances. You often get this scenario in stock markets, example ADR's etc.


The premise is :

NESV bought us at a steep 'discount' and may look to sell us on for closer to LFC's true 'market value.'

Unlike G+H, and assuming this is a leveraged deal, they don't have a strict time line looming and can hold out for a decent offer more reflective of the brand's worth.


We better hope this is not the case.

 

[Bernowatson]

Re: LFC Sold to NESV (New England Sports Ventures)

I for one am hopeful over this proposed takeover.

A removal of the debt created by those two vultures for one puts us back on a very even keel. The amounts bandied around that we were paying in interest would certainly help us to improve the playing staff.

Another thing is also the idea of possible renovation of Anfield itself. If we can go down this route I really think this might be the best idea? It should save a lot of money in the long run and also moving to a new stadium can cause its problems. I am not sure what the right answer is with regard to stadiums. If we can add say 20 - 25,000 seats somehow to Anfield then we really should look into it.

As many have said, I dont think a mega cash rich owner was the answer. The way football is going we know that being Financially stable (ie: balancing the books) is the way forward. If we can improve our "Brand" strength worldwide then the Sky is the limit, especially without debt. Look at the situations of Man Utd, Chelsea, Man City if this becomes the case.... We really will have a head start.....

I see good things on the horizon.

 

[Judge Jules]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=peterhague link=topic=41783.msg1190037#msg1190037 date=1286367611]
[quote author=Judge Jules link=topic=41783.msg1190025#msg1190025 date=1286367151]
[quote author=Terrier link=topic=41783.msg1190016#msg1190016 date=1286366791]
Bernie is saying that NESV may have just bought us at a deep discount with a view to sell us off closer to Par Value - sometime in the near future.

If that's the case, expect little real investment in the Club on players etc.

[/quote]

That doesn't make sense. If they've bought us at a deep discount, it's because we're underperforming. As long as that continues, they're not going to get "closer to par value" at any time, let alone in the near future, without real investment to get us motoring again.
[/quote]


partly true, but don't forget that the real reason the price has been squeezed is because of the imminent deadline fordebt repayment, which the owners can't meet. presumably this won't be the case with the new owners.

it's not inconceivable that they pay £300m, invest maybe £50m in the team (plus other transfer funds being freed by elimination of debt interest) and sell on in a year or 2 for say £450m and a tidy profit. it'd be a sound enough plan.
[/quote]

Fair comment but I wouldn't have a problem with things turning out that way. The £50 mill.plus would be enough PROVIDED they're used wisely.

 

[Gerry_A_Trick]

Re: LFC Sold to NESV (New England Sports Ventures)

I'm waiting for a statement from Polly Anne. Behind every great man is a great woman.

 

[Stulikesdrums]

Re: LFC Sold to NESV (New England Sports Ventures)

I just read Broughton's Q&A on the Official. Excellent interview.
Bring on this court case.

 

[Judge Jules]

Re: LFC Sold to NESV (New England Sports Ventures)

My impression is that Broughton would second that last bit, mate.

 

[peterhague]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190043#msg1190043 date=1286367921]
Fair comment but I wouldn't have a problem with things turning out that way. The £50 mill.plus would be enough PROVIDED they're used wisely.
[/quote]


well i wouldn't really either, but the worry is that it'd leave us somewhat still in limbo as to our long-term plans, and we could forget getting any stadium development.

for what it's worth i really don't think this scenario is likely, though.

 

[Terrier]

Re: LFC Sold to NESV (New England Sports Ventures)

Incidentally, we are assuming that the figure they bought us at is just over the debt owed. Anyone got numbers?

LFC should be valued on its assets including: Ground, players etc and brand equity (which is always subjective).


IF NESV just paid off the debt, they basically got the club for ridiculously cheap and could easily flip it for a nice chunk of profit starting tomorrow!

 

[Judge Jules]

Re: LFC Sold to NESV (New England Sports Ventures)

The debt is somewhere between £237 mill.and £280 mill.(I've seen both figures lately). If the sale price was indeed £300 mill, that would fit.

 

[Fallon]

Re: LFC Sold to NESV (New England Sports Ventures)

I thought that one of the problems we had with upgrading Anfield would be that there isn't the transport ifrastructure to cope with the extra fans trying to get into that part of town, surely this will still be the case?

 

[peterhague]

Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Fallon link=topic=41783.msg1190051#msg1190051 date=1286368395]
I thought that one of the problems we had with upgrading Anfield would be that there isn't the transport ifrastructure to cope with the extra fans trying to get into that part of town, surely this will still be the case?
[/quote]


where do you imagine stanley park is?

 

[Loch Ness Monster]

Re: LFC Sold to NESV (New England Sports Ventures)

Mmmm, a bit worried. This Henry chap is not the type of cat I was hoping for. And the potential for it all to go tits up is still there, there is potentially another 100 pages to add onto this thread. I think I would rather this though, rather than RBS seize the club and hold an auction to the man with the deepest pockets.

 

[DCH]

Re: LFC Sold to NESV (New England Sports Ventures)

Nicked this off rawk

I guess we got Broughton to thank for the sale

--------------------------------------------------------------------------------------
Broughton also revealed the dramatic details of yesterday afternoon at Anfield when Hicks tried to sack Purslow and Ayre before a crunch board meeting.

He told them they could not do so.

Said Broughton: "This is not straightforward.

"I don't want to tell you about the detail because that will be subject to legal proceedings.

"But in trying to remove Christian Purslow and Ian Ayre they made an astonishing move.

"I say that because as part of my appointment they gave specific undertakings to the Royal Bank of Scotland that said Martin Broughton was the only person authorised to make any board changes.

"Otherwise they would take no action to frustrate any reasonable sale.

"They basically flagrantly abused those two undertakings to RBS and removed Christian and Ian from the board and sent us details just before the board meeting saying they had been removed and appointing two others.

"We took legal advice and I determined that the action was invalid.

"So I went back to Tom Hicks and George Gillett, reconvened the board meeting and said 'Look, your action is invalid'.

"I told them I was continuing to hold the meeting with Christian Purslow and Ian Ayre present.

"They objected, called for an adjournment - which I declined - and offered them the opportunity to take part.

"They chose not to, although George Gillett's lawyer was there.â€