Sheikh buys 60% of unnamed PL club

Zebedee

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Dec 5, 2008
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Surprised this hasn't been put on by the BBC but anyways...

basically UAE's official news agency is reporting one of their Sheikhs has bought 60% of a 'leading' Premier League club and will be the 'honorary chairman'. The club will be named in a few days.

Current betting is that it's Portsmouth (leading club though?) or Everton. Very, very slight chance it might be the red half of Liverpool.
 

Jakey_LFC

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May 26, 2009
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i reckon the word leading points more towards liverpool, or so i hope. portsmouth arnt exctly a leading prem team. maybe everton but liverpool r a proper leading team. in the top four and evrything. maybe wishful thinkin but i truly hope it is liverpool.
 

Zebedee

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At the risk of looking like a total eejit when the bitters are taken over...

David Moores left the Liverpool board recently. That's really weird. Gillet offloads the Canadiens and Hicks is desperately sorting out his finances in the USA. Now Moores has privately insisted that he stayed on the board to prevent the yanks from loading debt directly onto the club. But he's now left it. So that might imply that there is a new owner on the cards who need his seat on the board. We've also not yet announced a new CEO. Which is even more bizarre. But then CEOs are appointed by the owner of a club...

Not holding my breath, but crossing various parts of the old anatomy.
 

ajw

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I don't think its gona be Pompey-they aint a leading club, but more importantly they are in talks to be taken over by someone different to whoever this alleged buyer is. Hope it's not Liverpool, was enjoying them struggle financially. Though if it is, it'll be great if they go out and buy everyone and then end up trophyless again :p.

Everton could make sense I guess, they have the foundations to break the top four.
 

Zebedee

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Bluenose mates who are usually fairly accurate reckon there's definitely some talks being done over their ownership. 60% sounds about right for them too given how they're owned by 5 (IIRC) different shareholders. Rumour is they've got the greenlight on the Tesco stadium too (paid for by the Merseyside taxpayer and central government, oh and Tescos - value! :D) which should be announced September or October which would make them even more attractive to a buyer.

Really trying not to think about it being us. Just so many unusual things this summer. The Johnson transfer at such a high price, Moores resigning from the board with just a short official statement and no 'we love David Moores' write-up around it nor a hint of a rumour about him going beforehand or even any hint of a rumour about his reasons for going now. No CEO despite knowing Parry was leaving for months and him having definitely left. Major new contracts for Rafa and the players. The new stadium plans being rejigged, dusted off and money being thrown at them. And all this when the accounts are screaming out "this is seriously messed up" and refinancing due by the 24th of next month. Should find out by Wednesday I guess.

It's all very, very weird. Can only empathise with what Manc fans will have to go through when your debts are due for refinance in a couple of years time - the Glazers have been trying to offload the Tampa Bay Bucs for two years now to clear some of the debt and have failed miserably.
 

ajw

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Well you have named a new managing director, Christian Purslow-not the CEO or Chairman of course, but would that have happened if you were in takeover talks?? Maybe it aint Liverpool then.

Also isn't part of the Johnson fee being paid because Pompey owe you for Crouch still?
 

angs123

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Feb 22, 2009
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hope it's liverpool. get the sheik to inject money into liverpool, clear debts, make money for new signings to improve team. keep losing out to other teams in bids. =(
 

UKMACKIE

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To be honest if it was Liverpool do you think Gillette [Spelling] would of sold his 80% stake in his Canadian Ice Hockey Team for 330 million just a few days ago. I haven't a clue who it could be.
 

Zebedee

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Well you have named a new managing director, Christian Purslow-not the CEO or Chairman of course, but would that have happened if you were in takeover talks?? Maybe it aint Liverpool then.

Also isn't part of the Johnson fee being paid because Pompey owe you for Crouch still?
Yeah, about 7 million is from the Crouch sale. But 17,5 million for a fullback is still a lot considering that in January we couldn't scrape together 12 million for him (ie 5 million cash in any shape or form). Rafa's been making jokes about breaking Liverpool's transfer record this summer too - usuallly his jokes like that are very close to the truth.

The new MD is a leveraged buyout specialist. Once the CEO is chosen he'll move onto the board as the Yanks' eyes and ears and voice in Britain. Seems like he'll be renegotiating with RBS over the loan as his first job. Whether that hints at another investor coming in or not, I don't know - but it does mean that the Yanks aren't selling out completely if it all.

re. Gillet selling the Canadiens - he wants out of sports ownership. Plain and simple really. That includes us.
 
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