LFC SOLD to NESV.

[peekay]

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

[quote author=Farkmaster link=topic=41783.msg1191102#msg1191102 date=1286472992]
[quote author=keniget link=topic=41783.msg1191098#msg1191098 date=1286471680]
I think they'll understand losing well enough.
[/quote]

Shit is a universal language. I've watched too much football with clueless American's over the years (no offense intended, I'm trying to help) and though it is incredibly primitive, their insistence that we are passing in the wrong direction,and not running in the right direction, is more often right than wrong.
[/quote]

;D

 

[FoxForceFive]

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

[quote author=Farkmaster link=topic=41783.msg1191102#msg1191102 date=1286472992]
[quote author=keniget link=topic=41783.msg1191098#msg1191098 date=1286471680]
I think they'll understand losing well enough.
[/quote]

Shit is a universal language. I've watched too much football with clueless American's over the years (no offense intended, I'm trying to help) and though it is incredibly primitive, their insistence that we are passing in the wrong direction,and not running in the right direction, is more often right than wrong.
[/quote]

Yeah, but TBF it's bound to be more often right than wrong if you've been watching us.

 

[Hansern]

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

Don't know if this has been posted yet, but one can dream that this man is involved somehow;

One of the more prominent investors in NESV is the New York Times Company, which owns more that 16 % of the business. One of the New York Times Company's most prominent shareholders and "sugar daddies" is Carlos Slim (he recently loaned the company $250 million with an eye toward a ppssible takeover). You might have heard of him...he is is the world's richest man ($60 billion US) and has always been intersted in sports..


With our luck, he probably isn't.

 

[Jürgen4PM]

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

Dr Rogan Taylor calls on NESV to agree £50m fans’ stake at Liverpool

at the Leaders in Football Conference, London

7 October 2010

Dr Rogan Taylor, the University of Liverpool academic who founded the ‘Share Liverpool’ scheme in 2008 to raise cash for a fan-led buyout at Anfield, has told sportingintelligence today that the potential new owners of the club, New England Sports Ventures, must “differentiate themselves from Tom Hicks and George Gillett†by making firm pledges on supporter ownership of the club.

Taylor says he wants a firm commitment from NESV – headed by the Boston Red Sox co-owner, John W Henry – that NESV would be prepared to discuss let fans buy a “significant stake†in the club, perhaps as much as 25 per cent, as and when fans can raise £50m or a similarly significant sum.

“Any incoming new owner, especially any American new owner, will need to differentiate themselves from the outgoing Americans,†Taylor told sportingintelligence in an exclusive interview conducted today at the Leaders in Football Conference in London.

“I would like that to mean agreeing to work in partnership with equity-providing fans, and if they’re not interested in that then I’d have to ask why aren’t they interested?

“The new owners of Liverpool must discuss the issue of partnership with the fans and we are actively seeking talks. Merely putting a fan on the board is not worth a toss – but by having a significant stake in the club is the only way fans can protect themselves for the future.

“We also want a legal agreement that when the new owners sell up; and they will leave one day – they are bound to have an exit strategy worked out already – that the 10 per cent, 20 per cent or 25 per cent stake that fans had would be safe and that they wouldn’t be forced to sell.

“We want a pre-exemption agreement and we also want first dibs to buy the remaining equity of the club when it comes on the market. Owners may come and go, but the 150m Liverpool fans around the world are not going anywhere.â€

Taylor also warned new owners that they would have “a lot of work to do†to persuade Liverpool fans, now educated about financial issues such as leveraging and debt, that they were good custodians of the club.

“In England, most teams are named after a place, unlike in the US where teams are named after fictitious animals or corporate brands and are even moved around the country,†he said.

“This club is the epitome of the city and the new owners need to spend time understanding what that means. To be fair, baseball is the nearest US sport to football, with real passion from the fans, history and heritage, so they may understand that issue already.â€

Taylor told sportingintelligence that he believed the new owners were attracted to the club because “Liverpool is going for a cheap price and is one of only nine truly global football clubs.â€

He added: “Due to the soft legislation in this country, the two English global clubs in the nine, namely Liverpool and Manchester United, are the most ripe for leveraged buy-outs. In Spain or Italy for example, with global clubs Bacelona, Real Madrid, Juventus and the two in Milan, these takeovers would not be possible.â€

 

[Judge Jules]

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

The "Guardian" this morning said that the reason NESV can promise not to lay debt on the club is that they've raised the purchase price themselves from their 17 top investors. With a 16% shareholding the NY TImes is bound to be one of them.

 

[Hansern]

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

From Reuters;

Hicks Acquisition IPO delayed, will be cut

NEW YORK | Wed Oct 6, 2010 6:41pm EDT

NEW YORK Oct 6 (Reuters) - Hicks Acquisition Company II Inc has postponed the pricing of its IPO and plans to file a trimmed-down deal with U.S. regulators, an underwriter said on Wednesday.

Details on the new IPO terms were unavailable.

Hicks is a so-called "blank check company." It had hoped to raise about $200 million to use for mergers, acquisitions and other financial transactions. The IPO had been expected to price on Wednesday.

Hicks Acquisition Company II is banking on the 38 years of private equity experience of its founder Thomas Hicks. Hicks formerly served as chairman of a holding company for real estate, private equity and sports investments, including the NHL's Dallas Stars, and co-founded two private equity firms.

Underwriters on the IPO were led by Citi and Deutsche Bank Securities. The shares are expected to trade on the Over-the-Counter Bulletin Board

 

[Farkmaster]

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

"especially an American owner"

Yea, that is a defensible argument that makes you look really professional.

 

[Sunny]

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

[quote author=Hansern link=topic=41783.msg1191165#msg1191165 date=1286480568]
From Reuters;

Hicks Acquisition IPO delayed, will be cut

NEW YORK | Wed Oct 6, 2010 6:41pm EDT

NEW YORK Oct 6 (Reuters) - Hicks Acquisition Company II Inc has postponed the pricing of its IPO and plans to file a trimmed-down deal with U.S. regulators, an underwriter said on Wednesday.

Details on the new IPO terms were unavailable.

Hicks is a so-called "blank check company." It had hoped to raise about $200 million to use for mergers, acquisitions and other financial transactions. The IPO had been expected to price on Wednesday.

Hicks Acquisition Company II is banking on the 38 years of private equity experience of its founder Thomas Hicks. Hicks formerly served as chairman of a holding company for real estate, private equity and sports investments, including the NHL's Dallas Stars, and co-founded two private equity firms.

Underwriters on the IPO were led by Citi and Deutsche Bank Securities. The shares are expected to trade on the Over-the-Counter Bulletin Board

[/quote]

Hmmmm. Interesting...in a bad way.

 

[peekay]

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

[quote author=Sunny link=topic=41783.msg1191172#msg1191172 date=1286480974]
[quote author=Hansern link=topic=41783.msg1191165#msg1191165 date=1286480568]
From Reuters;

Hicks Acquisition IPO delayed, will be cut

NEW YORK | Wed Oct 6, 2010 6:41pm EDT

NEW YORK Oct 6 (Reuters) - Hicks Acquisition Company II Inc has postponed the pricing of its IPO and plans to file a trimmed-down deal with U.S. regulators, an underwriter said on Wednesday.

Details on the new IPO terms were unavailable.

Hicks is a so-called "blank check company." It had hoped to raise about $200 million to use for mergers, acquisitions and other financial transactions. The IPO had been expected to price on Wednesday.

Hicks Acquisition Company II is banking on the 38 years of private equity experience of its founder Thomas Hicks. Hicks formerly served as chairman of a holding company for real estate, private equity and sports investments, including the NHL's Dallas Stars, and co-founded two private equity firms.

Underwriters on the IPO were led by Citi and Deutsche Bank Securities. The shares are expected to trade on the Over-the-Counter Bulletin Board

[/quote]

Hmmmm. Interesting...in a bad way.
[/quote]

Isn't that good news?

 

[Judge Jules]

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

I'd say so, yes. They're aiming pretty low and aren't even looking to raise enough to cover the debt to RBS, which suggests this has nothing to do with the LFC situation (as well as the fact that Hicks really is up against it financially).

 

[Hansern]

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

From TIA:

Don't know if this has been posted, but apperantly the court hearing is on either tuesday or wednesday next week.

Tom Hicks is said to be going to court tomorrow to try & get an 'emergency injunction' against Purslow & Ayres remaining on the board. If he doesn't get that, we all but know what the outcome will be on tue/wed.

 

[gene hughes]

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

Is that a triple negative?

 

[Judge Jules]

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

This is very high risk for Hicks. Broughton's already issued his application, which Hicks is now effectively trying to bypass. I can't see the court being impressed with that and, if it isn't, that won't reflect at all well on Hicks when he contests Broughton's proceedings..

 

[Avmenon]

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

It looks like an interim injunction; and he's going to lose if it is.

The main hearing will be about the validity of the appointment of Hicks' stooges, I'd guess.

 

[Judge Jules]

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

That'll certainly be Hicks' main line of argument. I'd hazard a guess that the court will want to know why he tried to jump the gun with this injunction instead of waiting a mere few days for the substantive hearing. It smacks not only of desperation but frankly of shysterism.

 

[manwithnoname]

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

*glum*

 

[Judge Jules]

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

Well, nothing's certain at this stage obv.but actually this is OK news. Hicks clearly thinks he's likely to lose when Broughton's court action is heard, so he's trying to circumvent it via a very iffy legal manoeuvre which could well blow up in his face if it reflects badly on him and his case next week.

 

[kingjulian]

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

Regarding the share LFC.

The guy wants 25% stake for investing 50 million, when NESV would have just paid 300 million to effect the takeover. I can only see them saying one thing...."blow me fuck face."

But one interesting thing (from what i read) about John Henry is that, he has never tried to use debt as a major source of capital for any of his projects, unlike H&G.

Even in his first baseball venture in the USA, it is said, that he was frustrated that he could not raise public money for building the stadium, and traded up as a result to a club with a bigger fan base.

I think, if his takeover bid is successful, and when the time comes for thinking about new stadium or refurbishing Anfield, he will listen to supporter groups if they represented a suitable option to part finance the project....but it will be on his terms and not the bullshit 25% stake for 50 million investment. 1. Just because he landed a bargain does not mean he has to sell at less than market value 2. If you want to be serious at least match the bargain value he paid, you can't undercut that.

 

[TheBunnyman]

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

[quote author=Brendan link=topic=41783.msg1191237#msg1191237 date=1286483774]
*glum*
[/quote]

Cos people have stopped talking about you?

 

[Buddha]

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

ESPNsoccernet can reveal that Roy Hodgson has a specific break clause in his Liverpool contract that allows the club to replace him if there is a change in ownership of the club.

Hodgson signed the contract in the summer knowing that his future would be immediately on the agenda, without or without the 'escape clause' loaded on Liverpool's side.

However, ESPNsoccernet also understands that a pay-off is part of the same clause and Hodgson would expect to be compensated in full.

However, it can also be disclosed that the prospective new owners from the States have so far given no indication whatsoever about the future of Hodgson and the three man delegation from the owners of the Boston Red Sox parent company have yet to meet the manager. So far, though, the earlier indicators are that Hodgson will not be replaced.

The subject of Hodgson's future has not been part of the negotiations between New England Sports Venture (NESV) and chairman Martin Broughton.

A Liverpool spokesman said: "There's a commitment to the manager. They are very happy that this manager is the right person to take the club forward."

The present board appointed Hodgson, so would give him time to prove himself, but the attitude of the new owners so far unknown. However, past experiences show that new owners give the incumbent manager some time to prove himself before contemplating a change. How long that would be would depend on the results in the next few games.

An insider told ESPNsoccernet: "The new owners haven't met the manager yet, they are sure to want to sit down with him, talk to him and see if they can work with him.

"But in all the discussions it has never been raised, the issue of perhaps replacing the manager, it certainly hasn't come up in conversation."

Hodgson has welcomed news of the planned sale of the club.

"It's very positive and of course I'm delighted,'' he said. "It's been going on a long time and I know how hard the board have worked to set things up.

"I know it's not easy for them because the owners have other ideas in terms of the sale of the club and what is achievable.

"But I was delighted to hear the news and have it confirmed that it looks like it is going to go through.''

 

[Judge Jules]

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

That's fair enough. All parties will have known all along that this was likely to be at least a relatively short-term appointment, NESV won't have wanted to land themselves with the need to find a new manager straight away and they may also have wanted to avoid alienating Broughton and Purslow, who appointed Roy in the first place. Won't mean zip if Roy still hasn't pulled things round by the time NESV are properly bedded in.

 

[Farkmaster]

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

[quote author=Buddha link=topic=41783.msg1191247#msg1191247 date=1286484298]

ESPNsoccernet can reveal that Roy Hodgson has a specific break clause in his Liverpool contract that allows the club to replace him if there is a change in ownership of the club.

Hodgson signed the contract in the summer knowing that his future would be immediately on the agenda, without or without the 'escape clause' loaded on Liverpool's side.

However, ESPNsoccernet also understands that a pay-off is part of the same clause and Hodgson would expect to be compensated in full.

However, it can also be disclosed that the prospective new owners from the States have so far given no indication whatsoever about the future of Hodgson and the three man delegation from the owners of the Boston Red Sox parent company have yet to meet the manager. So far, though, the earlier indicators are that Hodgson will not be replaced.

The subject of Hodgson's future has not been part of the negotiations between New England Sports Venture (NESV) and chairman Martin Broughton.

A Liverpool spokesman said: "There's a commitment to the manager. They are very happy that this manager is the right person to take the club forward."

The present board appointed Hodgson, so would give him time to prove himself, but the attitude of the new owners so far unknown. However, past experiences show that new owners give the incumbent manager some time to prove himself before contemplating a change. How long that would be would depend on the results in the next few games.

An insider told ESPNsoccernet: "The new owners haven't met the manager yet, they are sure to want to sit down with him, talk to him and see if they can work with him.

"But in all the discussions it has never been raised, the issue of perhaps replacing the manager, it certainly hasn't come up in conversation."

Hodgson has welcomed news of the planned sale of the club.

"It's very positive and of course I'm delighted,'' he said. "It's been going on a long time and I know how hard the board have worked to set things up.

"I know it's not easy for them because the owners have other ideas in terms of the sale of the club and what is achievable.

"But I was delighted to hear the news and have it confirmed that it looks like it is going to go through.''
[/quote]

As we've all known, he had a chance to demonstrate his worthiness beyond his resume, a chance he'd have never had at this club in any other circumstance. He's deep in the process of blowing that chance, and he'll be off when we have new owners, barring a miracle, and it won't take very long.

 

[Sunny]

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

81. (a) Each director appointed to the office of chairman of the board of directors of the Company may appoint any person as director of the Company and may remove and director (other than George N. Gillett Jnr and/or Thomas O Hicks). Any appointment or removal shall be made in writing and signed by the then current chairman.

 

[Delinquent]

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

[quote author=Farkmaster link=topic=41783.msg1191166#msg1191166 date=1286480661]
"especially an American owner"

Yea, that is a defensible argument that makes you look really professional.
[/quote]

The whole statement was fucking cringeworthy. They have absolutely no bargaining position to be making such demands. It's a very aggressive and self-important stance, and in all probability, a prohibitive one.

 

[dee]

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

[quote author=Sunny link=topic=41783.msg1191314#msg1191314 date=1286487856]

81. (a) Each director appointed to the office of chairman of the board of directors of the Company may appoint any person as director of the Company and may remove and director (other than George N. Gillett Jnr and/or Thomas O Hicks). Any appointment or removal shall be made in writing and signed by the then current chairman.

[/quote]

Looks good to me.

Let's this shower are better than the last lot.

 

[peekay]

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

[quote author=kingjulian link=topic=41783.msg1191245#msg1191245 date=1286484090]
Regarding the share LFC.

The guy wants 25% stake for investing 50 million, when NESV would have just paid 300 million to effect the takeover. I can only see them saying one thing...."blow me fuck face."


[/quote]

Hahaha

Even more crazier was the scheme they had couple of months ago where there would be loads of share issued at 1000 dollars or something. And everyone gets equal voting rights irrespective of whether he invested 1000 or 10 million. Maybe the 25% stake for 50 million is the same scheme and that's how they plan to raise 50 million.

 

[Farkmaster]

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

[quote author=Sunny link=topic=41783.msg1191314#msg1191314 date=1286487856]

81. (a) Each director appointed to the office of chairman of the board of directors of the Company may appoint any person as director of the Company and may remove and director (other than George N. Gillett Jnr and/or Thomas O Hicks). Any appointment or removal shall be made in writing and signed by the then current chairman.

[/quote]

Aren't there other companies involved than LFC?

 

[Wilko7]

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

Dear me. Old Rogan seems to have made a bit of a fool of himself.

 

[kingjulian]

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

[quote author=Sunny link=topic=41783.msg1191314#msg1191314 date=1286487856]

81. (a) Each director appointed to the office of chairman of the board of directors of the Company may appoint any person as director of the Company and may remove and director (other than George N. Gillett Jnr and/or Thomas O Hicks).

[/quote]

Looking at only that, could it be argued H&G have a point?

There certainly is an element of ambiguity.

 

[Atlas]

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

G&h would have known long ago that all three members of the board would vote against them and they chose not to take action months ago to get rid of ayers n purslow I figure if it was easy for them to do they might have done so a while ago.