The Anfield Saga

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I think it might be bad news for Liverpool fans, Normally when super rich people take over, it is almost suddenly, it like it all happens over night to the media, fans and most people, Like the City take over, and roman in chelsea, they pay people to be quite, they keep it all in silent, until it is all over, whilst these seems like a PR war.
 
Scott* said:
I think it might be bad news for Liverpool fans, Normally when super rich people take over, it is almost suddenly, it like it all happens over night to the media, fans and most people, Like the City take over, and roman in chelsea, they pay people to be quite, they keep it all in silent, until it is all over, whilst these seems like a PR war.
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Don't think our current owners were ever going to leave quietly Scott. At least not unless someone paid them a few hundred million quid each to go away like they wanted.

Same problem you guys have with the Glazers I'm afraid - they're trying to milk the clubs and use them to prop up failing businesses elsewhere.

Still so many questions about the Huang bid which haven't been answered. Not least where the money is coming from.
 
So is Brad Jones, the new owners flexing there finacial muscle
 
Scott* said:
So is Brad Jones, the new owners flexing there finacial muscle
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I don't know about that. Maybe we should send Mr.Hodgson to the Homeless World Cup and then sign a tramp for a few million so that Phil Thompson can claim a finder's fee.... ;) Just looks like more of the same to be honest - would imagine that the club is desperately trying to raise money atm just to cover outgoings as neither the Insua nor the Mash transfers have yet gone through. Seems like the problem with the Jones transfer is that we don't want to pay cash and the Smoggies are insisting on it. Sounds about right.

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The Times said:
Kenny Huang has broken his silence on his attempt to buy Liverpool, whose present owners, George Gillett Jr and Tom Hicks, are set to be ordered to foot a bill for penalty fees that could exceed £45 million.

Prospective bidders for the club were assured by the Royal Bank of Scotland (RBS) that Hicks and Gillett will, in the event of a sale being completed, be told to pay any punitive charges arising from their latest refinancing deal, or risk being sued.

Huang, meanwhile, confirmed last week’s revelations in The Times that he is leading a consortium to buy the club. In an interview with Sohu Sports, a Chinese website, Huang claimed that his proposal has been well received by the Liverpool board and, although he has yet to submit a formal bid for the club, he remains hopeful of beating off rival bidders and completing a deal.

The already multilayered situation regarding the potential sale of the club has been made more complex by the disclosure of details pertaining to the refinancing deal secured by Hicks and Gillett in April, which expires in October. According to the terms of the agreement with RBS, the Americans are personally liable for penalty fees in the region of £2.5 million for every week that passes without the club being sold.

By the end of this month, that sum will stand at £45 million and the fees will continue to build until the club are sold. The bank imposed the fees on Kop Holdings, Liverpool’s parent company, in an attempt to hasten the exit of the Americans exit after a deal to sell part of the club to Rhône Capital, the private equity firm, collapsed this year.

RBS will take the fees out of the proceeds of the club’s sale, but if Liverpool are sold for less than £282.4 million — the club’s £237 million debt plus the potential penalty fee — the bank will pursue Hicks and Gillett, not Liverpool, for the extra money.

RBS moved to allay fears that the new owners would be saddled with the bill, although the likelihood is that Hicks and Gillett will factor the costs into their asking price.

“We have confirmed with Liverpool’s board that we are interested in bidding for the team,” Huang said of his proposal, which The Times understands is backed by China Investment Corporation, the investment arm of the Chinese Government. However, the Hong Kong-based businessman was not prepared to reveal who his backers are besides verifying the involvement of Yang Guang as fund manager for the consortium.

“We have signed a confidentiality clause with regards to the acquisition of Liverpool,” Huang said. “We are doing all aspects of the investigation and assessment, and [the] overall progress is very smooth. However, we have powerful competitors, so now there are many unknowns.

“There are rivals from North America and the Middle East. Each bidder wants to consider themselves at an advantage, so it is difficult to say we are far ahead. We will continue to work with the board and the banks of Liverpool, as well as other aspects.
We have provided a large number of documents and now we have got an answer. Liverpool’s board has approved our proposal and I hope we continue to move forward. We will have an answer in less than ten days.

“I am 50 per cent confident we will acquire the club. Our adversaries are stronger and we lack experience, so we need to do further research.”
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Last night, it seems like BarCap and RBS had a meeting. Outcome is said to be that Tom and George are going to get screwed.

Board meeting this afternoon. Bamba reckons that this might be it.
 
Zebedee said:
Last night, it seems like BarCap and RBS had a meeting. Outcome is said to be that Tom and George are going to get screwed.

Board meeting this afternoon. Bamba reckons that this might be it.
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That would be soooo sweet - hope those SOB's really get hosed. Really hope Hicks in particular gets declared bankrupt - possibly tough for us but wouldn't it be just grand ? Karma packs a machinegun !

I reckon this garbage is going to drag on though - seemingly nothing comes easy at L4. :S
 
Mr.Hodgson let slip in his press conference today that all the board are down in London (he's a cunning old fox is Mr.Hodgson) which is why the Brad Jones deal isn't done.

All building up to a finish now. Either it's accepted or we're screwed. And even if it's accepted, we might still be screwed. Fun times :)

Hicks and Gillett seem like they might be losing money. Sadly, it's unlikely to be their own. It must be great to go into a casino and bet other people's money and everytime you win, you keep the winnings, and everytime you lose, they pay.

---------- Post added at 07:23 PM ---------- Previous post was at 04:31 PM ----------

Bamba said:
Stand by. Club statement due. Could be anything like, but....strap yerselves in.
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Zebedee said:
Mr.Hodgson let slip in his press conference today that all the board are down in London (he's a cunning old fox is Mr.Hodgson) which is why the Brad Jones deal isn't done.

All building up to a finish now. Either it's accepted or we're screwed. And even if it's accepted, we might still be screwed. Fun times :)

Hicks and Gillett seem like they might be losing money. Sadly, it's unlikely to be their own. It must be great to go into a casino and bet other people's money and everytime you win, you keep the winnings, and everytime you lose, they pay.

---------- Post added at 07:23 PM ---------- Previous post was at 04:31 PM ----------
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Keep us posted Zeb :)

Hopefully this all pans out for the better. A club like Liverpool shouldn't be in this position.
 
Yep, I've just heard the same thing - Club statement due any minute.
 
This is a bit off-topic, but I swear 'Boro denied that Brad Jones' offer from Liverpool was accepted. That's what it said on Sky Sports News this morning anyway :O. Anyway, keep up updated Zebedee mate, we deserve a new owner :P
 
Nice message from earlier today from Arbeloa on twitter (genuinely his account): Premier League starts this weekend. All the best for #LFC!! Come on reds!!! YNWA!!

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Yeah, the Smoggies said they haven't accepted a bid. Hodgson says that he's waiting on Purslow to sort it out.

This announcement could be about Brad Jones, I guess... >_>
 
****, there was me hoping for a major announcement Zeb, letdown ;) 10 members viewing this thread! As soon as they see you post on here everyone rushes on...
 
Getting more confirmation of a statement imminent but journos being told that this is a 'routine progress report'. Hmm.
 
''Liverpool are delighted to announce that they have secured the services of Brad Jones from Middlesborough on a 4 year deal worth £2.5million;;

I can see it now.
 
My F5 button is gettting mashed on here, RAWK, SS, Twitter and LiverpoolEcho and Liverpool forum

---------- Post added at 08:27 PM ---------- Previous post was at 08:21 PM ----------

Apparently it will be released at 9PM
 
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