LFC SOLD to NESV.
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Re: LFC Sold to NESV (New England Sports Ventures)
Fascinating read about the guy they put in charge of the Red Sox.
http://en.wikipedia.org/wiki/Theo_Epstein
Fascinating read about the guy they put in charge of the Red Sox.
http://en.wikipedia.org/wiki/Theo_Epstein
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1190157#msg1190157 date=1286373521]
Are you offering lessons in popularity?
[/quote]
I'm not sure I was Brenda, no.
Have you actually retracted your abuse of Purslow yet, or have you just tried to move seamlessly on to Broughton for as-yet unsubstantiated reasons?
[quote author=Brendan link=topic=41783.msg1190157#msg1190157 date=1286373521]
Are you offering lessons in popularity?
[/quote]
I'm not sure I was Brenda, no.
Have you actually retracted your abuse of Purslow yet, or have you just tried to move seamlessly on to Broughton for as-yet unsubstantiated reasons?
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Hansern link=topic=41783.msg1190154#msg1190154 date=1286373463]
Where does it say that they are looking to sell us qucikly for a profit? That doesn't fit the profile of Henry as an owner or how they run the Red Sox at all.
[/quote]
They don't Know a hell of a lot about football. I think their thinking is let's have a go if the worst comes to the worst we can sell off at a huge to modest profit.
[quote author=Hansern link=topic=41783.msg1190154#msg1190154 date=1286373463]
Where does it say that they are looking to sell us qucikly for a profit? That doesn't fit the profile of Henry as an owner or how they run the Red Sox at all.
[/quote]
They don't Know a hell of a lot about football. I think their thinking is let's have a go if the worst comes to the worst we can sell off at a huge to modest profit.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Sunny link=topic=41783.msg1190164#msg1190164 date=1286373727]
So I emailed my mate in the states this:
And this was his reply:
Now comes word that a more ominous threat to Red Sox nation lingers on the horizon. Russ Smith at Splice Today notes that a poor season by the Red Sox might cause John Henry some financial trouble:
"John Henry, the Sox’s principal owner, cannot be a happy man, for though he loves baseball, it’s safe to say the billionaire (a proud liberal, by the way; a gratuitous aside, granted, but I’m in a grumpy mood) loves profits even more. And the Sox, who’ve sold out Fenway Park for an MLB record-setting 763 consecutive games (as of May 2), are headed to an unfathomable .500 season, which means the sellouts will end, the revenue stream slows down, and disgust will envelop the greater New England territory all summer long."
Russ talks of a hope that maybe he can take solace in the fact that losing drives the bandwagon fans away. He fails to account for the fact that those are the fans who are driving up ticket prices and accordingly paying the bills. If the John Henry bubble collapses, it could be years before the Red Sox are able to pay top dollar for talent again.
As much as they like to think of themselves as “the little engine that could,†the Red Sox are nothing more than the New York Yankees Lite (see the John Lackey deal, Dice-K’s contract, the Julio Lugo and Edgar Renteria “throwaway deals,†etc.).
The problem lies in the fact that Henry’s group was highly leveraged when they bought the Red Sox, so they need to keep the team winning to pay the bills. This is why Theo Epstein once quit the Red Sox. He wanted to step back for a season and regroup to set the franchise up for the long haul. The people who control the money wanted to win each and every year, because that’s how they pay the bills.
If fans stop buying Red Sox Nation memberships, stop watching NESN, or decide that a few hundred dollars for a couple of good seats is too much, the bubble will quickly burst.
At this point you run the serious risk that the Red Sox suddenly became worth less than the amount borrowed to purchase the team. It happened to a whole lot of people who bought houses at the peak of that bubble, and it could happen to Boston.
People think of the Red Sox now and all they see are sold-out games, but it wasn’t that long ago when you could walk up to the ticket booth the day of the game and get a decent seat. It even wasn’t all that long ago where you could pretty much sit where you wanted in the damn park.
There is a lot at stake right now, more than just the team's position in the standings this season. A difficult season can have minimal negative impact on the long-term health of the franchise. A horrible season, i.e. one in which the Sox don’t get demonstrably better (and sooner rather than later), could cripple this franchise for some time to come.
And you people in New England thought the only highly leveraged investments that screwed you over came out of the offices of Goldman Sachs. D’oh
[quote author=Sunny link=topic=41783.msg1190164#msg1190164 date=1286373727]
So I emailed my mate in the states this:
And this was his reply:
[/quote]
Now comes word that a more ominous threat to Red Sox nation lingers on the horizon. Russ Smith at Splice Today notes that a poor season by the Red Sox might cause John Henry some financial trouble:
"John Henry, the Sox’s principal owner, cannot be a happy man, for though he loves baseball, it’s safe to say the billionaire (a proud liberal, by the way; a gratuitous aside, granted, but I’m in a grumpy mood) loves profits even more. And the Sox, who’ve sold out Fenway Park for an MLB record-setting 763 consecutive games (as of May 2), are headed to an unfathomable .500 season, which means the sellouts will end, the revenue stream slows down, and disgust will envelop the greater New England territory all summer long."
Russ talks of a hope that maybe he can take solace in the fact that losing drives the bandwagon fans away. He fails to account for the fact that those are the fans who are driving up ticket prices and accordingly paying the bills. If the John Henry bubble collapses, it could be years before the Red Sox are able to pay top dollar for talent again.
As much as they like to think of themselves as “the little engine that could,†the Red Sox are nothing more than the New York Yankees Lite (see the John Lackey deal, Dice-K’s contract, the Julio Lugo and Edgar Renteria “throwaway deals,†etc.).
The problem lies in the fact that Henry’s group was highly leveraged when they bought the Red Sox, so they need to keep the team winning to pay the bills. This is why Theo Epstein once quit the Red Sox. He wanted to step back for a season and regroup to set the franchise up for the long haul. The people who control the money wanted to win each and every year, because that’s how they pay the bills.
If fans stop buying Red Sox Nation memberships, stop watching NESN, or decide that a few hundred dollars for a couple of good seats is too much, the bubble will quickly burst.
At this point you run the serious risk that the Red Sox suddenly became worth less than the amount borrowed to purchase the team. It happened to a whole lot of people who bought houses at the peak of that bubble, and it could happen to Boston.
People think of the Red Sox now and all they see are sold-out games, but it wasn’t that long ago when you could walk up to the ticket booth the day of the game and get a decent seat. It even wasn’t all that long ago where you could pretty much sit where you wanted in the damn park.
There is a lot at stake right now, more than just the team's position in the standings this season. A difficult season can have minimal negative impact on the long-term health of the franchise. A horrible season, i.e. one in which the Sox don’t get demonstrably better (and sooner rather than later), could cripple this franchise for some time to come.
And you people in New England thought the only highly leveraged investments that screwed you over came out of the offices of Goldman Sachs. D’oh
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Richey link=topic=41783.msg1190141#msg1190141 date=1286372801]
[quote author=Brendan link=topic=41783.msg1190139#msg1190139 date=1286372690]
And when will they sell?
The only people losing the plot are those wanking like happy chimps after selling our club for a rock-bottom price to a bunch of hedge-fund, leveraged buy-out specialists-with-no-interest-in-football yank cunts, in order to save us from a bunch of hedge-fund, leveraged buy-out specialists-with-no-interest-in-football yank cunts
[/quote]
Realistically, what would you rather have happened?
[/quote]
Yeah, this question has been asked THREE times now and has gone unanswered.
I'd be surprised if you get an answer Richey.
[quote author=Richey link=topic=41783.msg1190141#msg1190141 date=1286372801]
[quote author=Brendan link=topic=41783.msg1190139#msg1190139 date=1286372690]
And when will they sell?
The only people losing the plot are those wanking like happy chimps after selling our club for a rock-bottom price to a bunch of hedge-fund, leveraged buy-out specialists-with-no-interest-in-football yank cunts, in order to save us from a bunch of hedge-fund, leveraged buy-out specialists-with-no-interest-in-football yank cunts
[/quote]
Realistically, what would you rather have happened?
[/quote]
Yeah, this question has been asked THREE times now and has gone unanswered.
I'd be surprised if you get an answer Richey.
Re: LFC Sold to NESV (New England Sports Ventures)
From another site;
A big Red Sox fan from Boston here saying hello to our new cousins I suppose. I know some of you maybe anxious about Henry and Werner but trust me, do not be. These guys are absolutely fantastic owners. They are beloved here in Boston for the championship they brought to the city in 2004 and continue to do not only running the Red Sox but the work they do in the community. These guys are VERY PR savy and understand what you guys have been through and will look to address any worries you guys have. Henry and Werner are hands off owners. They will bring and YOUNG and INNOVATIVE staff and let them do their thing. The Arsenal model is probably the best bet as to how the club will be run, perhaps a bit looser. These guys have no problem spending money. However, they set hardline values on players and will not go over those values. That being said, the only team that beats us out for players are the Yankees, who are the Man City of MLB
From another site;
A big Red Sox fan from Boston here saying hello to our new cousins I suppose. I know some of you maybe anxious about Henry and Werner but trust me, do not be. These guys are absolutely fantastic owners. They are beloved here in Boston for the championship they brought to the city in 2004 and continue to do not only running the Red Sox but the work they do in the community. These guys are VERY PR savy and understand what you guys have been through and will look to address any worries you guys have. Henry and Werner are hands off owners. They will bring and YOUNG and INNOVATIVE staff and let them do their thing. The Arsenal model is probably the best bet as to how the club will be run, perhaps a bit looser. These guys have no problem spending money. However, they set hardline values on players and will not go over those values. That being said, the only team that beats us out for players are the Yankees, who are the Man City of MLB
Re: LFC Sold to NESV (New England Sports Ventures)
Purssslow was protecting his own job. End of story.
Buit I suppose I do owe him a debt of thanks for deciding - with his extensive footballing knowledge - that Budgie was a good choice as Liverpool boss.
And £20m summer tranfer fund that we never ever saw.
Purssslow was protecting his own job. End of story.
Buit I suppose I do owe him a debt of thanks for deciding - with his extensive footballing knowledge - that Budgie was a good choice as Liverpool boss.
And £20m summer tranfer fund that we never ever saw.
Re: LFC Sold to NESV (New England Sports Ventures)
stulikesbudgie. Possibly the least credible poster on the site.
stulikesbudgie. Possibly the least credible poster on the site.
Re: LFC Sold to NESV (New England Sports Ventures)
Liverpool FC sale: chairman Martin Broughton heralds 'new era'
Martin Broughton
LIVERPOOL FC chairman Martin Broughton today heralded a new era at Anfield after he, Managing Director Christian Purslow and Commercial Director Ian Ayre removed Tom Hicks and George Gillett from the club.
Liverpool have been provisionally sold for £300m to New England Ventures – an American sports investment company which runs the Boston Red Sox baseball team – restored to its former glory by NEV over the past decade.
Today Broughton declared them “winners†as he revealed the takeover now sees Liverpool freed of £200m of debt.
£37m of “external debt†remains. But that is basically a typical working overdraft facility and the agreed deal would see Liverpool carrying the second lowest debt burden in the Premier League.
Broughton said the new owners are committed to building a new stadium – possibly by redeveloping Anfield – in a bid to keep the club's history and traditions in place on the present site. Broughton said they would investigate an idea to redevelop on the current stadium site first mooted by Anfield legend Kenny Dalglish.
If not feasible he said they will build a new stadium on the alternative site in Stanley Park.
Broughton also revealed a tight contractual agreement has been put in place to ensure the debt for taking over Liverpool can never be put back on the club again – as Hicks and Gillett did sparking the crisis of the past few years.
He acknowledged there will now be court action to try and prove the sale to New England Ventures is legitimate and has been properly handled. He insists it has been.
But Hicks and Gillett, who it is understood walk away with no profit at all from three-and-a-half years in charge, are bound to contest the sale in court, meaning a period of uncertainty for fans about their exit being final.
British Airways Chairman Broughton said today: "We set out to find the right owners for Liverpool. It's been a fascinating process full of twists and turns – even a farce at times.
"But we have with Barclays Capital been leading the process exhaustively across the world.
"We have had two very attractive offers from two bidders of roughly the same amounts who would prove excellent owners. I think we have chosen New England ventures because if you look at their track record with the Boston Red Sox it's been outstanding.
"These guys are winners. It's all about winning to them and it's all about building or developing the stadium. They are absolutely going to invest in the stadium.
"They understand that winning is what drives fans. They will be excellent owners.
"Altogether it's a £300m deal paying off the acquisition debt of £200m.
Broughton said New England Ventures had revolutionised the fortunes of the Boston Red Sox after taking over in 2001.
He added: "If you look at the Boston Red Sox when they arrived everyone said 'We have to build a new stadium - this one is clapped out'.
"They looked at it, its tradition and decided to invest heavily to reinvent Fenway Park, rather than move to a new stadium.
"They have been the most successful team since acquiring the Red Sox in 2001 - there are parallels with Liverpool."
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€
Broughton said the club would now be applying for a court judgement over the disputed sale which will tale place in a UK court hearing at a date to be decided.
He said: "The sale is subject to us having valid authority to sell.
"We are applying to court soon for a declaratory judgement to get the court to declare that the action we took was proper and valid.
“No one likes being in court – someone comes out winning and someone comes out losing.
"If there is any justice we will win."
Broughton added: " This is a great day for Liverpool Football Club and the supporters.
"I would like to thank the Liverpool fans for their patience.
"I know how frustrating it has been for them wanting to know what is going on.
"I know they have been frustrated by my refusal to give a running commentary.
"But I have always believed – and this demonstrates it – that the best deals get done behind closed doors."
Broughton stressed there are 17 principal investors behind New England Ventures and that the future is by no means dependent on the personal wealth of John Henry Winter.
He also moved to allay fans fears about one set of Americans being now replaced by other US owners at Anfield.
He said: "I can understand why that might be an instant reaction about them being American. But being American is not a problem.
"Leveraged ownership of a football club is the problem.
"I just hope we can deliver what we have set out to do.
"We have found the right owners. There will be money to invest in the squad.
"It is all about winning – that is their philosophy."
Liverpool FC sale: chairman Martin Broughton heralds 'new era'
Martin Broughton
LIVERPOOL FC chairman Martin Broughton today heralded a new era at Anfield after he, Managing Director Christian Purslow and Commercial Director Ian Ayre removed Tom Hicks and George Gillett from the club.
Liverpool have been provisionally sold for £300m to New England Ventures – an American sports investment company which runs the Boston Red Sox baseball team – restored to its former glory by NEV over the past decade.
Today Broughton declared them “winners†as he revealed the takeover now sees Liverpool freed of £200m of debt.
£37m of “external debt†remains. But that is basically a typical working overdraft facility and the agreed deal would see Liverpool carrying the second lowest debt burden in the Premier League.
Broughton said the new owners are committed to building a new stadium – possibly by redeveloping Anfield – in a bid to keep the club's history and traditions in place on the present site. Broughton said they would investigate an idea to redevelop on the current stadium site first mooted by Anfield legend Kenny Dalglish.
If not feasible he said they will build a new stadium on the alternative site in Stanley Park.
Broughton also revealed a tight contractual agreement has been put in place to ensure the debt for taking over Liverpool can never be put back on the club again – as Hicks and Gillett did sparking the crisis of the past few years.
He acknowledged there will now be court action to try and prove the sale to New England Ventures is legitimate and has been properly handled. He insists it has been.
But Hicks and Gillett, who it is understood walk away with no profit at all from three-and-a-half years in charge, are bound to contest the sale in court, meaning a period of uncertainty for fans about their exit being final.
British Airways Chairman Broughton said today: "We set out to find the right owners for Liverpool. It's been a fascinating process full of twists and turns – even a farce at times.
"But we have with Barclays Capital been leading the process exhaustively across the world.
"We have had two very attractive offers from two bidders of roughly the same amounts who would prove excellent owners. I think we have chosen New England ventures because if you look at their track record with the Boston Red Sox it's been outstanding.
"These guys are winners. It's all about winning to them and it's all about building or developing the stadium. They are absolutely going to invest in the stadium.
"They understand that winning is what drives fans. They will be excellent owners.
"Altogether it's a £300m deal paying off the acquisition debt of £200m.
Broughton said New England Ventures had revolutionised the fortunes of the Boston Red Sox after taking over in 2001.
He added: "If you look at the Boston Red Sox when they arrived everyone said 'We have to build a new stadium - this one is clapped out'.
"They looked at it, its tradition and decided to invest heavily to reinvent Fenway Park, rather than move to a new stadium.
"They have been the most successful team since acquiring the Red Sox in 2001 - there are parallels with Liverpool."
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€
Broughton said the club would now be applying for a court judgement over the disputed sale which will tale place in a UK court hearing at a date to be decided.
He said: "The sale is subject to us having valid authority to sell.
"We are applying to court soon for a declaratory judgement to get the court to declare that the action we took was proper and valid.
“No one likes being in court – someone comes out winning and someone comes out losing.
"If there is any justice we will win."
Broughton added: " This is a great day for Liverpool Football Club and the supporters.
"I would like to thank the Liverpool fans for their patience.
"I know how frustrating it has been for them wanting to know what is going on.
"I know they have been frustrated by my refusal to give a running commentary.
"But I have always believed – and this demonstrates it – that the best deals get done behind closed doors."
Broughton stressed there are 17 principal investors behind New England Ventures and that the future is by no means dependent on the personal wealth of John Henry Winter.
He also moved to allay fans fears about one set of Americans being now replaced by other US owners at Anfield.
He said: "I can understand why that might be an instant reaction about them being American. But being American is not a problem.
"Leveraged ownership of a football club is the problem.
"I just hope we can deliver what we have set out to do.
"We have found the right owners. There will be money to invest in the squad.
"It is all about winning – that is their philosophy."
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
...and the question remains unanswered.
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
...and the question remains unanswered.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Stulikesdrums link=topic=41783.msg1190175#msg1190175 date=1286374259]
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
[/quote]
How do I stulikesbudgie? I've not said anything that could be proven wrong by anyone. LEAST of all you
[quote author=Stulikesdrums link=topic=41783.msg1190175#msg1190175 date=1286374259]
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
[/quote]
How do I stulikesbudgie? I've not said anything that could be proven wrong by anyone. LEAST of all you
Re: LFC Sold to NESV (New England Sports Ventures)
I'm seriously worried :
Brendan said Lucas & Insua were not very good (to paraphrase him) .... and Lucas & Insua turned out to be not very good.
Brendan said Roy was a poor choice for manager .... and Roy turned out to be not very good
Now Brendan has doubts about our new owners ..... o dear, we're screwed 🙁
I'm seriously worried :
Brendan said Lucas & Insua were not very good (to paraphrase him) .... and Lucas & Insua turned out to be not very good.
Brendan said Roy was a poor choice for manager .... and Roy turned out to be not very good
Now Brendan has doubts about our new owners ..... o dear, we're screwed 🙁
Re: LFC Sold to NESV (New England Sports Ventures)
The not knowing football is a horrible argument though. If you look at the way they've handled the Red Sox. They'll put together the best possible team to drive this club forward. It's been said before that they won't interfere with the day to day running of the club.
The not knowing football is a horrible argument though. If you look at the way they've handled the Red Sox. They'll put together the best possible team to drive this club forward. It's been said before that they won't interfere with the day to day running of the club.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1190178#msg1190178 date=1286374387]
[quote author=Stulikesdrums link=topic=41783.msg1190175#msg1190175 date=1286374259]
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
[/quote]
How do I stulikesbudgie? I've not said anything that could be proven wrong by anyone. LEAST of all you
[/quote]
Yeah, right.
All your Purssssslow digs over the last few months have made you look foolish.
I'm enjoying this show of defiance you're putting on. It's fucking gas.
By all means make this a personal thing between you and I to continue to avoid answering anyones questions.
Call me stulikesbudgie again if you like.
[quote author=Brendan link=topic=41783.msg1190178#msg1190178 date=1286374387]
[quote author=Stulikesdrums link=topic=41783.msg1190175#msg1190175 date=1286374259]
[quote author=Brendan link=topic=41783.msg1190173#msg1190173 date=1286374126]
stulikesbudgie. Possibly the least credible poster on the site.
[/quote]
Ha. Typical.
Good work Brendan. Keep deflecting attention on to other posters.
You look a proper cunt since that statement came out last night.
By all means, carry on.
[/quote]
How do I stulikesbudgie? I've not said anything that could be proven wrong by anyone. LEAST of all you
[/quote]
Yeah, right.
All your Purssssslow digs over the last few months have made you look foolish.
I'm enjoying this show of defiance you're putting on. It's fucking gas.
By all means make this a personal thing between you and I to continue to avoid answering anyones questions.
Call me stulikesbudgie again if you like.
Re: LFC Sold to NESV (New England Sports Ventures)
He has a life-long *passion* for baseball. That's the difference
He has a life-long *passion* for baseball. That's the difference
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=tombrown link=topic=41783.msg1190179#msg1190179 date=1286374391]
I'm seriously worried :
Brendan said Lucas & Insua were not very good (to paraphrase him) .... and Lucas & Insua turned out to be not very good.
Brendan said Roy was a poor choice for manager .... and Roy turned out to be not very good
Now Brendan has doubts about our new owners ..... o dear, we're screwed 🙁
[/quote]
bren looked at lucas and insua and called them what they were.
bren looked at roy's past and called it what it is.
bren is opinion of the new owners is based on...?
[quote author=tombrown link=topic=41783.msg1190179#msg1190179 date=1286374391]
I'm seriously worried :
Brendan said Lucas & Insua were not very good (to paraphrase him) .... and Lucas & Insua turned out to be not very good.
Brendan said Roy was a poor choice for manager .... and Roy turned out to be not very good
Now Brendan has doubts about our new owners ..... o dear, we're screwed 🙁
[/quote]
bren looked at lucas and insua and called them what they were.
bren looked at roy's past and called it what it is.
bren is opinion of the new owners is based on...?
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Brendan link=topic=41783.msg1190183#msg1190183 date=1286374675]
He has a life-long *passion* for baseball. That's the difference
[/quote]
And so what? Maybe the Asians had a life long passion for Sumo Wrestling or Australian football. In the end it's about winning. And these guys know how to make that happen.
There were several warning signs about H&G. Henry is getting lauded and praised by everyone. Thats a very big difference.
[quote author=Brendan link=topic=41783.msg1190183#msg1190183 date=1286374675]
He has a life-long *passion* for baseball. That's the difference
[/quote]
And so what? Maybe the Asians had a life long passion for Sumo Wrestling or Australian football. In the end it's about winning. And these guys know how to make that happen.
There were several warning signs about H&G. Henry is getting lauded and praised by everyone. Thats a very big difference.
Re: LFC Sold to NESV (New England Sports Ventures)
REVEALED: The details behind the ‘winning’ bid for Liverpool (£240m cash, ‘wait and see’ on stadium)By Nick Harris
6 October 2010
Liverpool’s potential new owners, New England Sports Ventures, have proposed buying Liverpool in a £300m deal that will involve a cash injection of £240m to clear most of the club’s debt, sportingintelligence can reveal. This should alleviate some concerns among fans that the club is heading for another leveraged buyout. (SoS fans’ group initial response here)
As the sales process remains fluid – but complicated by legal action by Tom Hicks and George Gillett (more from earlier / plus some legal opinion) – we can also reveal:
•New England Sports Ventures (NESV), owners of the Boston Red Sox, were the preferred bidders of RBS bank, which was owed a large chunk of £237m by Hicks / Gillett / Liverpool. The other “credible†bidder’s identity remains unconfirmed.
•The former Arsenal managing director, Keith Edelman, has been working on the deal as an advisor to RBS, but solely for his knowledge of football finance, and will have no role at Liverpool.
•NESV has promised £240m in cash to wipe out the majority of the monies owed to RBS and Wachovia. This is cash, not borrowed money, and therefore not to be leveraged against any Liverpool assets, sources say.
•Some £60m of debt will remain in the club (guaranteed by NESV), with approximately £40m of that earmarked for stadium redevelopment, and £20m for cashflow.
•The £240m debt clearance plus assuming responsibility for the other £60m gives the £300m valuation for the deal.
•NESV has “an open mind†on whether it will build a new stadium. The Red Sox’s Fenway Park was redeveloped rather than the Sox being relocated, for example.
•Executives from NESV have already had at least one “clearance†meeting with the Premier League to discuss meeting “fit and proper†owners requirements, say sources Stateside. The Premier League is expected to release a statement later today to make the general point it is undertaking its own checks.
•Sportingintelligence understands NESV has already provided the Premier League with proof of funds and a sustainable business plan and the League should be able to “green light†the sale from its own point of view by Friday. 2pm update, UK time, statement from Premier League just dropped: “The Board of the Premier League has been kept fully informed of developments regarding the potential sale of Liverpool FC by the Chairman and senior Executives of the Club and has, accordingly, been made aware of a number of potential prospective owners in recent weeks. We can confirm that Liverpool FC has formally notified the Premier League of an intended change of control and that the Board has undertaken to complete all the necessary processes by Friday 8 October so that the sale of the Club can proceed.†Update ends
.
Liverpool’s chairman Martin Broughton has said today: “This was frankly [Hicks and Gillett’s] last chance to leave Liverpool with their heads high and they have chosen to go this route.
“It is a difficult issue. Part of me taking on the role – and I was appointed by Tom and George – was that they gave a written undertaking that only I could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings.
“They also gave a written undertaking to RBS that they would not frustrate any reasonable sale and this is frankly a flagrant abuse of those two written undertakings.â€
“At Fenway they chose not to build a new stadium. They will want to make sure that they do the right thing, but [Liverpool] willl have a stadium which holds 60,000-odd.
“Whether that is the new stadium as designed or not, that is not a commitment, but will we have stadium development? Yes.â€
The legal wrangle over whether the board should have been allowed to agree a sale goes on but Broughton is confident it is a battle that can be won.
.
Source Sporting Intelligence. Dont know how intelligent they are
REVEALED: The details behind the ‘winning’ bid for Liverpool (£240m cash, ‘wait and see’ on stadium)By Nick Harris
6 October 2010
Liverpool’s potential new owners, New England Sports Ventures, have proposed buying Liverpool in a £300m deal that will involve a cash injection of £240m to clear most of the club’s debt, sportingintelligence can reveal. This should alleviate some concerns among fans that the club is heading for another leveraged buyout. (SoS fans’ group initial response here)
As the sales process remains fluid – but complicated by legal action by Tom Hicks and George Gillett (more from earlier / plus some legal opinion) – we can also reveal:
•New England Sports Ventures (NESV), owners of the Boston Red Sox, were the preferred bidders of RBS bank, which was owed a large chunk of £237m by Hicks / Gillett / Liverpool. The other “credible†bidder’s identity remains unconfirmed.
•The former Arsenal managing director, Keith Edelman, has been working on the deal as an advisor to RBS, but solely for his knowledge of football finance, and will have no role at Liverpool.
•NESV has promised £240m in cash to wipe out the majority of the monies owed to RBS and Wachovia. This is cash, not borrowed money, and therefore not to be leveraged against any Liverpool assets, sources say.
•Some £60m of debt will remain in the club (guaranteed by NESV), with approximately £40m of that earmarked for stadium redevelopment, and £20m for cashflow.
•The £240m debt clearance plus assuming responsibility for the other £60m gives the £300m valuation for the deal.
•NESV has “an open mind†on whether it will build a new stadium. The Red Sox’s Fenway Park was redeveloped rather than the Sox being relocated, for example.
•Executives from NESV have already had at least one “clearance†meeting with the Premier League to discuss meeting “fit and proper†owners requirements, say sources Stateside. The Premier League is expected to release a statement later today to make the general point it is undertaking its own checks.
•Sportingintelligence understands NESV has already provided the Premier League with proof of funds and a sustainable business plan and the League should be able to “green light†the sale from its own point of view by Friday. 2pm update, UK time, statement from Premier League just dropped: “The Board of the Premier League has been kept fully informed of developments regarding the potential sale of Liverpool FC by the Chairman and senior Executives of the Club and has, accordingly, been made aware of a number of potential prospective owners in recent weeks. We can confirm that Liverpool FC has formally notified the Premier League of an intended change of control and that the Board has undertaken to complete all the necessary processes by Friday 8 October so that the sale of the Club can proceed.†Update ends
.
Liverpool’s chairman Martin Broughton has said today: “This was frankly [Hicks and Gillett’s] last chance to leave Liverpool with their heads high and they have chosen to go this route.
“It is a difficult issue. Part of me taking on the role – and I was appointed by Tom and George – was that they gave a written undertaking that only I could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings.
“They also gave a written undertaking to RBS that they would not frustrate any reasonable sale and this is frankly a flagrant abuse of those two written undertakings.â€
“At Fenway they chose not to build a new stadium. They will want to make sure that they do the right thing, but [Liverpool] willl have a stadium which holds 60,000-odd.
“Whether that is the new stadium as designed or not, that is not a commitment, but will we have stadium development? Yes.â€
The legal wrangle over whether the board should have been allowed to agree a sale goes on but Broughton is confident it is a battle that can be won.
.
Source Sporting Intelligence. Dont know how intelligent they are
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Asim link=topic=41783.msg1190189#msg1190189 date=1286375316]
The more information that comes out the more at ease I feel.
There are certainly what if's and I'm sure a number fo questions left unanswered still, but good news so far.
[/quote]
Yeah, I agree. This morning I felt really anxious about the whole thing. I still have concerns and questions but I'm starting to feel more reassured with the more I'm reading about them.
[quote author=Asim link=topic=41783.msg1190189#msg1190189 date=1286375316]
The more information that comes out the more at ease I feel.
There are certainly what if's and I'm sure a number fo questions left unanswered still, but good news so far.
[/quote]
Yeah, I agree. This morning I felt really anxious about the whole thing. I still have concerns and questions but I'm starting to feel more reassured with the more I'm reading about them.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=LadyRed link=topic=41783.msg1190190#msg1190190 date=1286375448]
[quote author=Asim link=topic=41783.msg1190189#msg1190189 date=1286375316]
The more information that comes out the more at ease I feel.
There are certainly what if's and I'm sure a number fo questions left unanswered still, but good news so far.
[/quote]
Yeah, I agree. This morning I felt really anxious about the whole thing. I still have concerns and questions but I'm starting to feel more reassured with the more I'm reading about them.
[/quote]
their business model for the red sox is excellent, why would they attempt to do something different for liverpool fc.
I was pleased with what I read, reading up for hicks makes for appalling reading and you have to wonder if this information was available at the time hicks took over.
[quote author=LadyRed link=topic=41783.msg1190190#msg1190190 date=1286375448]
[quote author=Asim link=topic=41783.msg1190189#msg1190189 date=1286375316]
The more information that comes out the more at ease I feel.
There are certainly what if's and I'm sure a number fo questions left unanswered still, but good news so far.
[/quote]
Yeah, I agree. This morning I felt really anxious about the whole thing. I still have concerns and questions but I'm starting to feel more reassured with the more I'm reading about them.
[/quote]
their business model for the red sox is excellent, why would they attempt to do something different for liverpool fc.
I was pleased with what I read, reading up for hicks makes for appalling reading and you have to wonder if this information was available at the time hicks took over.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Hansern link=topic=41783.msg1190180#msg1190180 date=1286374420]
The not knowing football is a horrible argument though. If you look at the way they've handled the Red Sox. They'll put together the best possible team to drive this club forward. It's been said before that they won't interfere with the day to day running of the club.
[/quote]
It's logical. They will invest as little as possible in order to up the price. Then sell on . If big bucks Cup wins fourth etc. Dont fly in. If they do great sell, more money.
Buyers are there but they have been shut out why? Hicks or Broughton Purslow another Parry Type Kill?
[quote author=Hansern link=topic=41783.msg1190180#msg1190180 date=1286374420]
The not knowing football is a horrible argument though. If you look at the way they've handled the Red Sox. They'll put together the best possible team to drive this club forward. It's been said before that they won't interfere with the day to day running of the club.
[/quote]
It's logical. They will invest as little as possible in order to up the price. Then sell on . If big bucks Cup wins fourth etc. Dont fly in. If they do great sell, more money.
Buyers are there but they have been shut out why? Hicks or Broughton Purslow another Parry Type Kill?
Re: LFC Sold to NESV (New England Sports Ventures)
They have invested in The Red Sox and a Nascar team and a sports channel on cable apparently. They are better than G&H no doubt, and they do sound pretty decent. The reports from the club they own already have been pretty good and there is no history of taking on clubs and leaving them skint with false promises (not surfaced yet anyway)
They have invested in The Red Sox and a Nascar team and a sports channel on cable apparently. They are better than G&H no doubt, and they do sound pretty decent. The reports from the club they own already have been pretty good and there is no history of taking on clubs and leaving them skint with false promises (not surfaced yet anyway)
Re: LFC Sold to NESV (New England Sports Ventures)
Carra on club sale: "Everyone knows it'll be a good thing for the club. Hopefully it will be sorted sooner rather than later."
Well, not everyone.
Carra on club sale: "Everyone knows it'll be a good thing for the club. Hopefully it will be sorted sooner rather than later."
Well, not everyone.
Re: LFC Sold to NESV (New England Sports Ventures)
It's for the best though Anita.
It's for the best though Anita.
S
Squiggles
Guest
Re: LFC Sold to NESV (New England Sports Ventures)
People are right to be cautious and withhold judgement, and they have every right to - but I cannot possibly see how things could be worse under these guys than H&G. So while there is not a huge amount of reassuring information to be optimistic about, as yet, there is still time to raise a glass and celebrate the departure of the two cunts who bought this club down it's knees.
People are right to be cautious and withhold judgement, and they have every right to - but I cannot possibly see how things could be worse under these guys than H&G. So while there is not a huge amount of reassuring information to be optimistic about, as yet, there is still time to raise a glass and celebrate the departure of the two cunts who bought this club down it's knees.
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