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LFC SOLD to NESV.

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

[quote author=Brendan link=topic=41783.msg1191765#msg1191765 date=1286549522]
In truth, he's a bit of a slag

YOU TAKE THAT BACK
[/quote]

Brendan, your name and number's scrawled all over the walls of the changing rooms in Queens Drive baths mate. You know the stuff "If you want a good time ring...".... You've got to admit - you've dropped your morals and gone a bit loose of late.
 
Re: LFC Sold to NESV (New England Sports Ventures)

The Premier League has approved the proposed sale of Liverpool FC to the owners of the Boston Red Sox.


Club owners Tom Hicks and George Gillett are determined to block the bid


The Premier League said it was satisfied with the bid by the directors of New England Sports Ventures (NESV).

It said in a statement: "The Board of the Premier League will continue working with Liverpool FC in regard to this process, however, we are aware that the formal completion of this takeover is yet to be resolved and it is therefore inappropriate for us to offer any further comment at this time."

The news comes after it emerged Liverpool face being given a nine-point deduction by the Premier League because of the row over the club's ownership.

The Royal Bank of Scotland (RBS) would be able to put parent company Kop Holdings into administration if current bosses Tom Hicks and George Gillett fail to pay off their £280m debt.

League rules say a points deduction can happen if bosses cause a club to collapse.

Hicks and Gillett are said to be determined to block the £300m takeover bid by NESV, although Liverpool's board has accepted the offer.


The wrangle is expected to be resolved in the High Court next week – which is also when the deadline falls for the American pair to repay their debt to RBS.

Many believe the legal action is a delaying tactic for the Americans to seek a way of getting more profit out of the sale, as they currently stand to lose £144m.

But if the takeover is barred, Kop Holdings will be in no better position and RBS could call in their debt, putting the firm into administration.

The Premier League board would then make a decision on points – and if they are docked, fans will be even more annoyed with Hicks and Gillett, whose three-and-a-half-year tenure of the club has been riddled with problems.

The club has picked up just seven points from their first six matches of the Premier League and is already in the relegation zone.

Portsmouth was the first Premier League club to go into administration earlier this year and it received a nine-point penalty.

Football finance expert Danny Davis, a partner at Mishcon de Reya, said administration is an "empty threat".

He said: "The bank will be eager to avoid the resulting public outcry."

But he added RBS would be determined to get back the money it is owed and could impose a £60m late payment fee, squeezing club of cash.

"Accepting the deal is the best possible outcome of the American pair as NESV is probably the best option they will get now," he said.

Meanwhile, fellow Premier League side Manchester United have posted an overall loss of £83m, after costs associated with the club's massive debt wiped out record operating profits for the year.

Bookmark the storyPremier League Approves Liverpool SaleBookmark story form Add this to my favourites Stumble Upon Reddit Digg Delicious Newsvine Facebook CANCEL
 
Re: LFC Sold to NESV (New England Sports Ventures)

Hahaha.

The Premier League will validate any fucking owners.

Kim Jong-il would have no problems passing their fit & proper test.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=FoxForceFive link=topic=41783.msg1191807#msg1191807 date=1286552924]
Hahaha.

The Premier League will validate any fucking owners.

Kim Jong-il would have no problems passing their fit & proper test.
[/quote]

the 'fit and proper' department is headed up by stevie wonder...
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Terrier link=topic=41783.msg1191538#msg1191538 date=1286533741]
He ain't called spider-divvy for nothing you know.

Ha
[/quote]
Sometimes you come across as a cunt. Like a Richard little John type of cunt. At least when Brendan is being a cunt it's usually down to some kind of righteous indignation. When you do it, it just seems like something a cunt would say. None of my business I know. That's just way I see it from an outsiders point or view.
 
Re: LFC Sold to NESV (New England Sports Ventures)

I dont see it like that at all. I see spider as an honest guy who always gives his honest opinion and voices his honest concerns. Sometime he doth protest too much, and would get on your nerves like a nagging wife going on and on and on.

Having said that Id say he'd be a great guy to have as a mate. A mate you could depend on
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Jack D Rips link=topic=41783.msg1191825#msg1191825 date=1286554550]
I dont see it like that at all. I see spider as an honest guy who always gives his honest opinion and voices his honest concerns. Sometime he doth protest too much, and would get on your nerves like a nagging wife going on and on and on.

Having said that Id say he'd be a great guy to have as a mate. A mate you could depend on
[/quote]

hey, it's true...but I don't lend money, I'm kind of a bastard in that regard 🙂
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1191819#msg1191819 date=1286553548]
[quote author=FoxForceFive link=topic=41783.msg1191807#msg1191807 date=1286552924]
Hahaha.

The Premier League will validate any fucking owners.

Kim Jong-il would have no problems passing their fit & proper test.
[/quote]

the 'fit and proper' department is headed up by stevie wonder...
[/quote]

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

Red army set to flock to London for LFC's High Court D-day
Oct 8 2010 By Luke Traynor

A RED army is set to flock to London for what is being billed as the most important days in Liverpool FC history.

D-Day is expected next week when hundreds of supporters will descend on the High Court for the club’s critical ownership battle.

Liverpool are currently preparing a heavyweight legal case with solicitors Slaughter and May as they seek a declaratory judgement to formally seal the £300m Reds sale to New England Sports Ventures (NESV), owners of the Boston Red Sox baseball team.

If Tom Hicks and George Gillett decide to attend the Royal Courts of Justice in person to oppose the move, the Americans have been promised a warm reception.

Liverpool fan groups said many of them were planning to line the streets of the Strand in the capital.

Today, James McKenna, spokesman for Spirit of Shankly, said there had already been interest among supporters in heading to London.

He told the ECHO: "People have started talking about heading down to London, particularly if Hicks and Gillett will be there. I do know supporters have been discussing making their presence known.

"There’s only one door in and one door out of the court, so it’s a good opportunity to make our feelings known."

Further scrutiny of New England Sports Ventures reveals they have made assurances no money will ever be taken from Liverpool FC and used to invest in the sports investment company back in Boston


And executives have vowed to slash the club’s crippling £25m annual interest repayments - triggered by Hicks and Gillett’s huge leveraged stake at Anfield - to just £2m a year.

That would free up a significant sum of £23m each year to invest in the playing squad or stadium, the ECHO believes.

The exact day when the Reds’ future will be played out by top barristers in the courts as yet remains unknown.

But with the Royal Bank of Scotland deadline fast approaching, when the owners must pay back their £237m debt, the matter will almost certainly be listed before next Friday.


It is thought no formal approach has yet been made to list the case with the High Court.

Her Majesty’s Courts Service said emergency matters, such as this, could be given a slot within days.

Stephen Horner, member of Reds pressure group Kop Faithful, said: "We want a speedy conclusion which will mean the debt is cleared and we can move on with a new stadium.

"Fans are very keen this deal with New England is pushed over the line. If (LFC chairman) Martin Broughton is pushing forward, clearly we have carried out due diligence and this is right for the club. If protesting outside the courts is something we feel we need to do, then we will do it. Everyone wants a resolution sooner rather than later."

Liverpool are certain the ownership dispute will be resolved, either way, by a week on Friday and the prospect of the legal battle rumbling on for weeks or even months, as predicted by some finance experts, is a scenario given little credence at Anfield.

Nigel Boardman, from Slaughter and May, is thought to be leading Liverpool’s legal team, a man named by The Times in their 100 most influential people in business.

And in an eye opening turn of events yesterday, the London-based branch of a New-York law firm pointedly removed themselves from any association from co-owner Tom Hicks.

After legal press reports named Weil, Gotshal & Manges as representing the Texan at next week’s court hearing, top employees were bombarded with emails from angry Reds.

Hours later, after being contacted by the ECHO, they issued a statement which said: "We are not acting for the owners of Liverpool FC in relation to the dispute with LFC. In addition, in our role advising the owners, we have never acted, and would never act, adverse to Liverpool FC."

After a frenetic 24 hours on Wednesday, with both Liverpool FC and Tom Hicks issuing statements and counter-statements, yesterday was a period of relative calm, publicly at least.

The Texan refused to expand on his position, curtly outlined in a statement late on Wednesday, when he called Martin Broughton’s move to sanction the NESV sale as unlawful.

Today, it also emerged how Boston Red Sox owner hedge fund manager John Henry and NESV chairman Tom Werner, two of 17 stakeholders in the sports investment company, had been on the verge of coming to Liverpool on Wednesday, under the assumption their deal to take over the Reds was complete.

But the trip, after negotiations with Martin Broughton in London were cordially agreed, was cancelled after Hicks and Gillett’s dramatic boardroom intervention which flung Liverpool’s future into a legal minefield.

The purchase of the club has been formally approved and papers signed, despite the pending court battle.

If the English board members are successful, a few minor formalities will be completed to give them the keys to Anfield, a stadium which has already been visited by the Americans.
 
Re: LFC Sold to NESV (New England Sports Ventures)

I was afraid this would happen. NOT a good idea at all. No court is going to appreciate any attempt to put pressure on it, and this demo could conceivably give Hicks extra ammunition for an appeal if the decision goes against him, on the basis of justice having to be not only done but seen to be done. I hope this brainless mob doesn't succeed in snatching defeat from the jaws of victory. >🙁
 
Re: LFC Sold to NESV (New England Sports Ventures)

Do they know that Hicks has no chance, or am i just being stupid and reading too much into it?

And in an eye opening turn of events yesterday, the London-based branch of a New-York law firm pointedly removed themselves from any association from co-owner Tom Hicks.

After legal press reports named Weil, Gotshal & Manges as representing the Texan at next week’s court hearing, top employees were bombarded with emails from angry Reds.

Hours later, after being contacted by the ECHO, they issued a statement which said: "We are not acting for the owners of Liverpool FC in relation to the dispute with LFC. In addition, in our role advising the owners, we have never acted, and would never act, adverse to Liverpool FC."
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Rafa4PM link=topic=41783.msg1191841#msg1191841 date=1286559055]
And executives have vowed to slash the club’s crippling £25m annual interest repayments - triggered by Hicks and Gillett’s huge leveraged stake at Anfield - to just £2m a year.

That would free up a significant sum of £23m each year to invest in the playing squad or stadium, the ECHO believes.

[/quote]


I'm just cautious about stuff like this.

This is what Gillett said in 07. they went on to do just that

Gillett has not made public how he intends to pay for his proposed £170m buyout, write off debts of £80m, pay for a £200m new stadium or fund transfers. “But if you're asking whether this a majorly debt-driven venture, then no,†the source claimed. “It is not a Glazer-type deal.â€


This bit highlights their intentions from the beginning I suppose.
Gillett himself added: “We have purchased the club with no debt on the club so, in that regard, it is different [to the Glazers]. We believe in the future of the club, the future of the league, the new TV contracts are outstanding and we are proud to be a part of it.â€

*waits for someone to tell him how its completely different from the Glazer-manu deal
 
Re: LFC Sold to NESV (New England Sports Ventures)

Saint - no, our brief's called Boardman (the firm is Slaughter & May). Hopefully no relation to Stan. 😉

Rafa4 - no, you're not being stupid. I'd expect them to want to put the record straight, but not necessarily to go into so much detail doing so.

Asim - Not sure about the H and G/Glazer comparison, but Henry and his organisation have a track record of doing what they say they'll do.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Cheers for the post a page or two back, JJ. That cleared it up for me.
 
Re: LFC Sold to NESV (New England Sports Ventures)

You're welcome, mate. The final outcome may not be certain yet, but I do think Broughton (no doubt with the benefit of excellent advice) has maximised our chances of getting the right result.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Let's hope so. I've been massively grim and pessimistic for the last few years, and most definitely this season, so I'm going to give optimism a whirl from now on!

After the derby of course. I don't think we'll win that.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Martin Broughton reveals Liverpool FC admininstration fears by Richard Buxton.

Liverpool could still be placed into administration despite the impending takeover by New England Sports Ventures.

Chairman Martin Broughton has revealed that there is a genuine prospect of the club incurring a nine-point penalty if its parent company, Kop Holdings, is placed into administration in seven days' time if George Gillett and Tom Hicks win their legal challenge in the High Court.

The Premier League have approved NESV's bid after running all its owners and directors through their 'fit and proper persons' test but Broughton, speaking in Washington, insists that he and the Anfield board are doing all they can to prevent this nightmare becoming a reality.

He said: "It could happen, yes.

"This is all part of why it is important that we made the decision on Tuesday to accept one or the other of the two very acceptable bids.

"Heading for administration was a very likely outcome if we didn't.

"Even now with the court case looming, administration cannot be ruled out. It is not inevitable, and I am not going to start giving percentages of how much it is possible.

"That is why we are going to court to clarify our position on the sale of the club, and we have to win in court, and we will win in court."
 
Re: LFC Sold to NESV (New England Sports Ventures)

That sounds as though administration is the last resort up Broughton's sleeve in the (still extremely unlikely) event that Hicks and Gillett win next week's court action - a court action started by Broughton himself, which isn't likely from a man expecting to lose.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Yeah, I think Broughton believes he has an airtight case, but it has to go our way in court aswell. Getting docked 9 points and going into administration is probably plan b..
 
Re: LFC Sold to NESV (New England Sports Ventures)

It sounds to me like Broughton is talking up the risk of administration, which we had been told repeatedly wouldn't carry a penalty, because it helps his case that to delay would put the club at risk, and thus sale was obviously in the best interest of the club.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Farkmaster link=topic=41783.msg1191883#msg1191883 date=1286570351]
It sounds to me like Broughton is talking up the risk of administration, which we had been told repeatedly wouldn't carry a penalty, because it helps his case that to delay would put the club at risk, and thus sale was obviously in the best interest of the club.
[/quote]

Yeah,I see it the same way.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Can statistics revive Liverpool like Red Sox?
Stefan Szymanski Stefan Szymanski
08.10.10
Sponsored links

Statisticians do not often make for action heroes but next year Brad Pitt will star in the film Moneyball, the story of how Billy Beane, the general manager of the Oakland A's, used statistical analysis to overturn a century of conventional baseball wisdom.

The book by Michael Lewis on which the film is based was published in 2003, and remains controversial in the baseball world. Considering its influence on John W Henry, co-owner of the Boston Red Sox and putative buyer of Liverpool, any fan of Premiership football should be interested.

Beane understood that, just as in football, there is an active market in playing talent in baseball, with many buyers and sellers and plenty of public information on performance, so that experts believe they can accurately decide the value of individual talent.

The Oakland manager's statistical analysis suggested that scouts were systematically missing out because they held an irrational prejudice against one aspect of a player's game - his capacity to gain walks. (That means how easy the batsman finds it to move to the next base after the pitcher makes four repeated errors with his throws.) In effect, some players were being mispriced.

In a paper published in 2007, my colleagues Skip Sauer and Jahn Hakes demonstrated that not only was Beane right about the mispricing but also that after the publication of Moneyball the mispricing disappeared, as other teams learned and imitated.

One consequence for Billy Beane is that although he has achieved celebrity, his teams have only had limited success. Also, like football, money buys success in baseball, and Oakland has been consistently one of the lowest payers in baseball.

The godfather of statistical analysis in baseball is Bill James, who started writing in the Seventies and initially had to publish his own books as they were considered so outlandish by publishers. He had the last laugh, as his statistical abstract has become the bible of baseball, and his influence on the sport led to his being included in Time magazine's100 most influential people in the world in 2006.

His analysis was legendary but he had not been directly involved with putting his methods into practice until 2002, just before Moneyball was published, when he was hired as a consultant to the Boston Red Sox.

The team had just been bought by a consortium consisting of Henry, the commodity trader, Tom Werner, the TV producer and lawyer Larry Lucchino.

As everyone on Merseyside can now tell you, the Red Sox had failed to win a World Series, and languished in the shadow of rival New York Yankees for more than 80 years before that. The new owners believed that there are systematic patterns in baseball - just like the systematic patterns you might see in the financial markets - and that careful analysis might not only reveal the patterns but enable you to exploit unnoticed opportunities.

Bill James and a team of analysts collaborated with the general manager Theo Epstein and manager (coach) Terry Francona to identify innovations that might yield a competitive advantage. But unlike Beane, they also had the money. Indeed, they made sure that the Red Sox were spending nearly as much as the Yankees. And with that combination of financial commitment and analysis, they won two World Series - in 2004 and 2007 - and the undying gratitude of Red Sox fans.

Can they repeat this at Liverpool? Sceptics are already arguing that the financial commitment required is too great, and that football is not like baseball. But in its glory years, the Liverpool philosophy was not so different. It has always been one of the biggest spenders but insiders never thought that it was this that gave them edge.

Graeme Souness, speaking in 1990, said: "What Liverpool have that other clubs do not is continuity, and that stems from a set of volumes stored at the ground and kept up to date without fail every day. It is the football bible as far as the Anfield backroom staff are concerned and contains the answer to almost every problem and every situation which could arise in the day-to-day running of a successful club. Every detail is noted, from the temperature and ground conditions to the physical and mental state of the players.

"Injuries are logged, how and why as well as how it responded to treatment. There are volumes and volumes, maintained ever since Joe Fagan first introduced them under Bill Shankly."

The boot room once made Liverpool Europe's most powerful team; somewhere in the managerial revolutions of the early Nineties, it was lost. Maybe John Henry and co can restore it.

http://www.thisislondon.co.uk/markets/article-23885974-can-statistics-revive-liverpool-like-red-sox.do
 
Re: LFC Sold to NESV (New England Sports Ventures)

Team America fuck yeah, here to save the mother-fucking world!
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Jack D Rips link=topic=41783.msg1191825#msg1191825 date=1286554550]
I dont see it like that at all. I see spider as an honest guy who always gives his honest opinion and voices his honest concerns. Sometime he doth protest too much, and would get on your nerves like a nagging wife going on and on and on.

Having said that Id say he'd be a great guy to have as a mate. A mate you could depend on
[/quote]

I agree.

Spide has his flaws, like his alergy of the the shift button, and I often bite my tongue so not so get drawn into a debate with him as I wonder whether he sometimes reads peoples posts before responding, and debates with the spide can drag on forever. But despite all this, there there is something deeply lovable about him, and this place is a lot better for him.
 
Re: LFC Sold to NESV (New England Sports Ventures)

he prospective new owners of Liverpool could be discouraged from buying the club if next week's court action fails to force the deal through and the club is then placed into administration, incurring a nine?point penalty from the Premier League. Sources close to the Liverpool battle said the loss of nine points, which could sink the team into a genuine relegation battle, would mean "the economics of the club are devastated", and New England Sports Ventures might reconsider its position.

It was previously thought that the Premier League would not deduct nine points, its penalty for clubs which go into administration, because the holding company would be in default, not the club. However it emerged yesterday that the league's chief executive, Richard Scudamore, believes that the holding company's administration cannot be entirely separated from the club, and the nine-point penalty would apply.

NESV is not commenting on the Liverpool situation until it is resolved. However, it would be natural, when considering its position, for the consortium to take account of the dramatically changed circumstances Liverpool would be in if the club lost nine points.

The penalty could be imposed next Friday and, with no further Premier League matches having been played, Liverpool would be bottom on minus three points, eight points behind the two clubs immediately above, Wolves and West Ham United, and nine points from safety.

That would be a huge setback for a club still aspiring to be in the top four, not fourth from bottom, making it almost certain, at the very least, that they would not qualify for the Champions League for the second successive season. Financially, that would have a major impact, and relegation a catastrophic one, so new owners might have to contemplate spending more than they planned on new players in January to ensure Premier League survival.

NESV, which owns the Boston Red Sox, has concluded a deal with the Liverpool chairman, Martin Broughton, to buy the club, a takeover which the Premier League approved in principle yesterday. However the consortium, and its majority shareholder, John W Henry, must wait to see whether a high court judge is prepared to declare that Broughton does have the right to sell the club, against the unwavering opposition of the current owners, Tom Hicks and George Gillett, who are fighting to get some money from their exit out of Liverpool.

If Broughton's court action fails, the £237m owed to Royal Bank of Scotland by Hicks's and Gillett's Liverpool holding company, Kop, falls due next Friday, 15 October. Hicks and Gillett, under financial pressure in the US, are expected to fail to pay, and RBS is currently believed likely to put the club into administration, although the scale of the damage that could do to Liverpool might cause the bank to reassess.

The whole prospect of NESV reconsidering its position dramatically increases the importance for Liverpool of Broughton succeeding with next week's court action. He will ask the judge, crucially, to declare that as the chairman, he had the sole right to appoint and remove directors, so keeping his majority on the board, with the managing director Christian Purslow and commercial director Ian Ayre. On Tuesday, Hicks attempted to sack those two and replace them with his son, Mack, and Mack's assistant, Lori Kay McCutcheon.

Broughton will also ask for a declaration that Hicks and Gillett cannot block the deal because of undertakings they gave RBS not to obstruct a "reasonable" sale. Hicks argues the deal, which will pay him and Gillett nothing, "dramatically undervalues" Liverpool, so he is fighting to hold out for another deal offering more money.

If Hicks succeeds, Liverpool are expected to be put into administration on Friday, then for RBS to sell the club to NESV for £200m. Yet that would be up for negotiation, and a nine-point penalty could severely affect the outcome.
 
Re: LFC Sold to NESV (New England Sports Ventures)

That will probably happen now, then.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1191875#msg1191875 date=1286567416]
That sounds as though administration is the last resort up Broughton's sleeve in the (still extremely unlikely) event that Hicks and Gillett win next week's court action - a court action started by Broughton himself, which isn't likely from a man expecting to lose.
[/quote]

As I said in the other thread, he's using the threat of points deduction to prove he is acting in the best interest of the club.
 
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