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LFC SOLD to NESV.

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]

Brendan said Robbie Keane would be a great signing.

Brendan said Purslow and Broughton were going to screw the club over and asset strip and other such nonsense.
 
Re: LFC Sold to NESV (New England Sports Ventures)

http://www.nesn.com/2010/10/statement-on-the-purchase-of-liverpool-fc.html

New England Sports Ventures ("NESV&quot😉 can confirm that their bid for Liverpool FC has been selected by the Club's Board of Directors and agreement has been reached with the Board to purchase the Club. NESV wishes to extend its appreciation to the Board for their diligence and their efforts on behalf of Liverpool FC and its supporters.


NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the Club has the resources to build for the future, including the removal of all acquisition debt. Our objective is to stabilize the Club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies.


Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties. Our portfolio of companies, including the Boston Red Sox and Fenway Park, New England Sports Network, Fenway Sports Group and Roush Fenway Racing are all committed to one common goal: winning. NESV wants to help bring back the culture of winning to Liverpool FC.


We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series Championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC.
We are hopeful with regard to the pending legal and English Premier League procedures now underway, however, in light of these issues, we will respectfully refrain from comment or further actions at this time.
Background on NESV Created in 2001, New England Sports Ventures is one of the largest sports, media and entertainment companies in the world with a proven track record of success for each of its subsidiaries. NESV's portfolio of companies includes: 100 percent of the Boston Red Sox, a Major League Baseball club; 80 percent of New England Sports Network, a regional sports television network; 100 percent of Fenway Sports Group, a sales and marketing company; and 50% of Roush Fenway Racing, a NASCAR racing team.
NESV is led by Principal Owner John Henry and Chairman Tom Werner, who collectively have more than 30 years of experience as owners in Major League Baseball. This ownership group has been voted as the best in MLB by the readers of the Sports Business Journal in each of the past two years, and in 2009 Sports Illustrated selected this group as the number one ownership group in MLB.

NESV Achievements


From 2002 through 2009, the Boston Red Sox have had the second highest regular season winning percentage in MLB, have qualified for the postseason in a club record six of the past seven seasons, and have won more postseason games and World Series Championships than any other club. In addition to a commitment to winning, NESV has made a significant investment into extensive improvements to Fenway Park, resulting in additional seating, more concourse space, expanded concessions options, and an overall enhancement to the Fenway Park fan experience. The Red Sox have also been deeply committed to supporting the community. Since 2002, the Red Sox Foundation has donated more than $38 million to worthy charitable programs throughout New England, and the team through its Community Relations efforts has given away more than 27,000 autographed items and Fenway experiences to be used in fundraising efforts, and has helped facilitate more than 4,000 player and alumni appearances in the community.

New England Sports Network has had the highest rated MLB games for the past six seasons from 2004 through 2009, and in 2009 delivered the highest television household ratings among all regional sports networks in the United States. NESN has also created a large amount of unique and original television content and is at the forefront of the industry in terms of digital media.


In addition to assisting with sponsorship sales for both the Red Sox and NESN, Fenway Sports Group serves as the exclusive sales agency for other tier one properties and brands such as Major League Baseball Advanced Media, Boston College, and the Deutsche Bank Championship PGA Tour event; helping many of its clients grow sponsorship revenues by more than 20% annually. FSG also manages all non-baseball events hosted at Fenway Park, including the hockey events centered around the 2010 NHL Winter Classic, the Fenway Football Challenge, and major concerts. FSG provides specialized sports business consulting services for other professional sports teams, assisting the Miami Dolphins in selling the naming rights deal for S** Life Stadium.
Roush Fenway Racing is one of NASCAR's premier racing teams and has won 32 championships and more than 360 races in drag racing, sports car and stock car racing; as well as five championships across NASCAR's three premier series.

John Henry, Principal Owner

Henry's background includes finance and agriculture, and he is a former limited partner of the New York Yankees and sole owner of the Florida Marlins. He is in the Futures Hall of Fame. He sits on the Executive Council of MLB and manages the Roush Fenway Racing relationship. He is an active board member of Major League Baseball Advanced Media (MLBAM) and specializes in digital media issues. Henry is passionate about soccer and lives in Boston, Massachusetts and Boca Raton, Florida.


Werner's background includes Harvard, ABC, and Carsey-Werner, and he is the former owner of the San Diego Padres. He produced some of the biggest hit series in television history such as The Cosby Show, Roseanne, 3rd Rock from the S** and That 70's Show. His primary responsibility within NESV is the New England Sports Network (NESN). Werner maintains a residence in Los Angeles and Boston and is passionate about the business of sports.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Rosco link=topic=41783.msg1190255#msg1190255 date=1286382201]
[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]

Brendan said Robbie Keane would be a great signing.

Brendan said Purslow and Broughton were going to screw the club over and asset strip and other such nonsense.


[/quote]

Brendan also seemed to indicate that I'm some sort of incredibly domestic, boring person that he didn't want to canoe with...

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

[quote author=spider-neil link=topic=41783.msg1190191#msg1190191 date=1286375686]
[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]

I agree. The more I read about this lot the more impressed I am with their operating policies. We might ot end with a sugar daddy, but I'm hopeful we'll be a seriously well-run club.

One thing that is bound to be overlooked about the H&G legacy is that once the debt is removed we're left with a much more profitable commercial operation than before they "bought us". We'll be in pretty rude health with no debt and a stadium in the pipeline.

Now to get rid of Hodgson.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Brendan link=topic=41783.msg1189908#msg1189908 date=1286360280]
[quote author=TheBunnyman link=topic=41783.msg1189904#msg1189904 date=1286359936]
Brendan, I've got a question. Putting aside all the usual forum points-scoring and one-upmanship, do you honestly believe this is bad news? Do you think Liverpool supporters should be out on the streets protesting against it? Do you have any alternatives in mind?
[/quote]

It's going to be more of the same. It might be slightly better, it could even be worse. It isn't great news. It smacks of desperation.
[/quote]

Amidst a whole lot of wrist-slitting type of posts, this was the only relevant question and answer i found. So i'm going to try and reply to this...apologies if someone has already done that.

This i believe is how they will be looking to finance the deal.

New York times is looking to divest its 17% investment in NESV for a value of around 170 million USD to 200 million USD. (I posted a wall-street journal link that was suggesting this valuation, this could be over or under valued, but lets assume its fair). So that puts the value of NESV at 1 billion USD approximately.

I think they will effect a leverage buy-out of LFC, and then sell some of the shares to a new or existing party to call back the LBO debt. In doing so they would be selling the shares at a higher value, as the value of NESV with LFC as an added asset will be more than the value of NESV without LFC. Debt fuels that value growth.

Is it significantly better than what H&G did?

I think it is.

Why?

Because, H&G floated a new company Kop Holdings Inc, to effect the LBO. They both had some personal assets as guarantees they used to secure the loan at high interest. But the value of their assets and their credit worthiness were all smothered by the financial crisis. To top it off "statler and waldorf" were not willing to sell some of their shares to bring in new investors either. They both wanted controlling stature. This pushed us and them into the corner from which we are struggling to get out.

NESV, on the other hand, is already a well run company with several profitable assets in its portfolio.

1. NESV has survived the worst of the financial crisis and it is still one the most valued company in this business. Its assets are profitable (i'm not sure about the Nascar one..that might be leaking money, but thats a smaller asset anyway).

2. NESV will be able to get a better deal on the LBO than what H&G managed, because of NESV's stature and due to the fact NESV is directly effecting the LBO, and not some company that was created overnight. Because of this they can have the Asset (LFC) functioning on its own, without having to use Cashflow from LFC to service the financial charges (i.e NESV has more than one money making asset in its portfolio, they are not completely dependent on LFC like Kop Holdings was. NESV has the resource and management nous to pump in some money and get LFC to function independently & profitably...more so than H&G. I think we can only think about the stadium when we reach that level, and i'm ok with that....as Kenny Dalglish wrote in his column.

3. NESV already has a ownership structure that is willing to let some control go in order to grow its wealth. So no "Statler and Waldorf" scenario there.

4. and this is probably the only point you needed to read...Even in the scenario, that they don't have any long term interest of having LFC in their portfolio (Which is dumb, because they need to buy to grow in value and all their existing assets are quite mature), they are better owners to just hang on to the club "till the new tv deal comes in" - because a) they are solvent and not on the verge of bankruptcy b) they are already effecting this purchase during a major economic downturn, unlike H&G, who bought LFC when the global economy had gone on the longest bull run in over 100 years and was in the pink of it health.

On what basis are you saying "it is more of the same" --- all the evidence points to that not being the case.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Buddha link=topic=41783.msg1190271#msg1190271 date=1286383336]
[quote author=spider-neil link=topic=41783.msg1190191#msg1190191 date=1286375686]
[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]

I agree. The more I read about this lot the more impressed I am with their operating policies. We might ot end with a sugar daddy, but I'm hopeful we'll be a seriously well-run club.

One thing that is bound to be overlooked about the H&G legacy is that once the debt is removed we're left with a much more profitable commercial operation than before they "bought us". We'll be in pretty rude health with no debt and a stadium in the pipeline.

Now to get rid of Hodgson.
[/quote]

I'm concerned they may keep hodgson on as they'll not want to rock the boat early on and upset the fans already weary of americans, on the contray if they sacked hodgson it would endear them to many of the fans.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Y1 link=topic=41783.msg1190237#msg1190237 date=1286380833]
McMahon was/is on the boards of the group btw, just googled it because I remembered something odd about his association with the group.

That group brought LFC to Singapore last year. McMahon involvement was dubious, now that the group is in trouble, Mcmahon has been pulled from ESPN
[/quote]

He's not on ESPN anymore?
 
Re: LFC Sold to NESV (New England Sports Ventures)

The key issue isn't whether they sack him, of course they're going to sack him, the key issue is how they replace him.
 
Re: LFC Sold to NESV (New England Sports Ventures)

They'll give him a chance, because that's what you'd expect from anyone new taking over. When he fails to take it he'll be gone. It's just a matter of time.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Rosco link=topic=41783.msg1190255#msg1190255 date=1286382201]
[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]

Brendan said Robbie Keane would be a great signing.

Brendan said Purslow and Broughton were going to screw the club over and asset strip and other such nonsense.


[/quote]


Weeelll.....he didnt actually say that Keane would be a great signing...just a very expensive gamble that made sense since he was Premiership proven.

His treatment of the Horsemen has been a touch harsh though.
 
Re: LFC Sold to NESV (New England Sports Ventures)

We'll be linked with Bob Bradley and Steve Nicol almost immediately, because they're American
 
Re: LFC Sold to NESV (New England Sports Ventures)

You're being a right gloomy fucker today Brendan. So, what type of (realistic) owners did you want ?
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Sunny link=topic=41783.msg1190284#msg1190284 date=1286384379]
You're being a right gloomy fucker today Brendan. So, what type of (realistic) owners did you want ?
[/quote]

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

These guys are winners, Roy will be gone pretty quickly if he doesn't win the next few games.
 
Re: LFC Sold to NESV (New England Sports Ventures)

The key issue, for me, is the identity of our main man, whether that's a manager or a director of football or whatever. We need that visionary leader, the equivalent of this Theo guy.

The first name that came to me is Kenny - as DoF, not as manager.

The second name is Mourinho. No chance? I'm not so sure, now we've got new owners. He won't stay long at Real because no one ever does, and he wants to return to England. So the question then would be: Man Utd, Man City or Liverpool. If he's got any guts and ambition, and really wants to make himself a hero by taking on a true (but feasible) challenge, rather than trying to replace the irreplaceable or be accused of buying the league again, then we would be the right club for him.
 
Re: LFC Sold to NESV (New England Sports Ventures)

p1_klinsmann_0922.jpg
 
Re: LFC Sold to NESV (New England Sports Ventures)

The fact that Brendan is discussed more in this thread than the actual subject matter is laughable.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Mourinho? Hahahahahaha!

Does anyone think we're going to have the funds available to attract the likes of him?

I'd be delighted and amazed on both counts
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=gene hughes link=topic=41783.msg1190290#msg1190290 date=1286385060]
p1_klinsmann_0922.jpg

[/quote]

Well, Oncy would be pleased.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Brendan link=topic=41783.msg1190294#msg1190294 date=1286385177]
Mourinho? Hahahahahaha!

Does anyone think we're going to have the funds available to attract the likes of him?

I'd be delighted and amazed on both counts
[/quote]

On both counts?
 
Re: LFC Sold to NESV (New England Sports Ventures)

Sunny> I don't know. But there is nothing I can find in this new ownership to make me happy, excited or confident, and the reasons for that are very evident.

So far the only positive is the demise of Statler & Waldorf, the rest isn't very reassuring in any way.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Brendan link=topic=41783.msg1190299#msg1190299 date=1286385372]
Sunny> I don't know. But there is nothing I can find in this new ownership to make me happy, excited or confident, and the reasons for that are very evident.

So far the only positive is the demise of Statler & Waldorf, the rest isn't very reassuring in any way.
[/quote]

I can understand your concerns - I think most of us are happy to see the back of the two cunts, if they indeed do. New American owners isn't anything any of us aspired to but I guess it's what we'll get subject to legal bits and bobs. Owners like Man City are pretty thin on the ground and, if the fair play rules in 2012 come in, will soon be pretty pointless without a sound and sustainable business model. End of the day, proof will only be in the pudding and actions speak louder than words but you'd hope the new bidders would be at least intelligent enough to look at the cancers tenure and not be as foolish enough to follow the same approach. We can only hope.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Paddy link=topic=41783.msg1190292#msg1190292 date=1286385126]
The fact that Brendan is discussed more in this thread than the actual subject matter is laughable.
[/quote]

Errr, at well over a 100 pages he really isnt now is he.

And in that post, havent you just contributed to your own issue? Good one!
 
Re: LFC Sold to NESV (New England Sports Ventures)

Even in the worst case scenario, at least we have someone fresh, new and interesting to hate.
 
Re: LFC Sold to NESV (New England Sports Ventures)

The 'silverlining' approach!

But I'd prefer some new material (ie non-American)
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Sunny link=topic=41783.msg1190308#msg1190308 date=1286385734]
[quote author=Brendan link=topic=41783.msg1190299#msg1190299 date=1286385372]
Sunny> I don't know. But there is nothing I can find in this new ownership to make me happy, excited or confident, and the reasons for that are very evident.

So far the only positive is the demise of Statler & Waldorf, the rest isn't very reassuring in any way.
[/quote]

I can understand your concerns - I think most of us are happy to see the back of the two cunts, if they indeed do. New American owners isn't anything any of us aspired to but I guess it's what we'll get subject to legal bits and bobs. Owners like Man City are pretty thin on the ground and, if the fair play rules in 2012 come in, will soon be pretty pointless without a sound and sustainable business model. End of the day, proof will only be in the pudding and actions speak louder than words but you'd hope the new bidders would be at least intelligent enough to look at the cancers tenure and not be as foolish enough to follow the same approach. We can only hope.
[/quote]

Anyone who doesnt see the benefits of being debt free, and managed by a successful enterprise that have turned around sporting institutions of similar standing to LFC, needs their heads examining.

Is it ideal to be run as a business for profit? No. Is it infinitely better to have these guys than G&H? Fucking hell yes.

Anyone who cant get excited, or see the benefits, is simply self-flagellating. Noones pretending this is a fairy story, or in any way ideal - but it is a huge step change from where we are today.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Good post grjt.

I'll also add the fact that if all goes as planned H&G will lose 144 mill £. Which is the icing on the cake.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=grjt link=topic=41783.msg1190316#msg1190316 date=1286386032]Anyone who cant get excited, or see the benefits, is simply self-flagellating. Noones pretending this is a fairy story, or in any way ideal - but it is a huge step change from where we are today.
[/quote]

No one can deny it's exciting times. They're fucking soul dead if so. For me, it's the chance of a fresh start and it should be judged on its merits and not completely denounced on the basis of flimsy assumptions and paranoia of what may happen
 
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