Liverpool FC Forum

[LFC ANIME]

Hang on a minute... Didn't Martin Broughton said in July on LIVE TV that the Yank$ can't have any say on a takeover bid? So he was bull shitting as all the news insist they are trying to block it? ?

[tubby]

Everyone got radio 5 live on?

Just caught the tail end of it Lyns..........

Rogan was on and from his perspective it looks increasingly likely that it will end in litigation 

I wouldn't personally want to call it at present but it does smack of the endgame to me. It simply can't go on like this.......

The Mancs are revelling in it but their time (and Chelsea's i suspect) will come soon and it will make our troubles seem like a playground sapt. Lets not forget the Mancs are closing in on a billion in debt !

The Beautiful games turned ugly mate..........

In the meantime what happens to us whilst we struggle near the foot of the table? We need funds pumped into the team and a new stadium. 

Can RBS just throw it all out the window and call in the load? A court battle over a football club? This has to be a first.

[Dundalk]

The Americans paid £174.1m to buy the club in 2007, while also agreeing to take on the club's debt of £44.8m.


That gets worse everytime you read it

[Simari]

Hang on a minute... Didn't Martin Broughton said in July on LIVE TV that the Yank$ can't have any say on a takeover bid? So he was bull shitting as all the news insist they are trying to block it? ?

They can't block it, but they can try to remove the majority, Hence the mention of 'legal review' in the LFC statement. The next bit of news we receive will most definitely be around the outcome of this stunt by the yanks.

[tubby]

off twitter


RBuxton_LFC
 
Hicks & Gillett snookered themselves by appointing Broughton as they cannot remove Purslow or Ayre without permission of chairman

[Fauxy]

Statement about to come in from Hicks apparently imminent.

[Ciggy]

off twitter


RBuxton_LFC
 
Hicks & Gillett snookered themselves by appointing Broughton as they cannot remove Purslow or Ayre without permission of chairman

This is true read Igors post from earlier, thats in Ayers and Purslows contract.

We are fecked if Hicks brings in Jimmy feckin Mack and that Lori slag, but then again they would have to work in Liverpool so it might not be a bad thing afterall

[metalhead]

Statement about to come in from Hicks apparently imminent.

where did you hear that?

[roysreds]

Statement about to come in from Hicks apparently imminent.

where did you hear that?

..

its all over twitter.

.

[Ciggy]

Statement about to come in from Hicks apparently imminent.

Where on mate? SSN or the radio?

[Simari]

Hicks statement on SSN now.

He can right off !!!

[Dundalk]

Statement from Hicks coming soon

[metalhead]

what does hicks want now!

[NANNY RED]

Baseball team pitches for Liverpool FC

Open warfare broke out at Liverpool FC after the club announced that plans for directors to discuss two “excellent” offers to buy the Premier League club, including one from the owners of the Boston Red Sox, were preceded by the current US owners’ efforts to remove two independent board members.

New England Sports Ventures, the holding company for the baseball team, tabled an offer to cover the £280m of debt owed by Liverpool owners Tom Hicks and George Gillett to Royal Bank of Scotland and Wachovia. The offer on the table is believed to be £300m.

Another offer – from the Far East – believed to be of the same magnitude was also discussed by the board.

In a statement on the club’s website on Tuesday night, Liverpool FC said: “The board of directors have received two excellent financial offers to buy the club that would repay all its long-term debt.

“A board meeting was called today to review these bids and approve a sale. Shortly prior to the meeting, the owners – Tom Hicks and George Gillett – sought to remove managing director Christian Purslow and commercial director Ian Ayre from the board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon.”

Mack Hicks is a son of Tom Hicks and a vice-president of his father’s Hicks Holdings sports and real estate group. Ms McCutcheon is also a vice-president of Hicks Holdings.

The statement added that the matter was subject to legal review and that the three independent board directors – chairman Martin Broughton, Mr Purslow and Mr Ayre – would continue to explore the club’s sale at the earliest opportunity.

According to people with knowledge of the protracted and bitter sale process, the independent directors had planned to discuss the offers with the owners on a conference call, and hoped to move the discussion onto details about which of the two to accept.

But the owners, who have placed a much higher valuation on the club, were said to have rejected both offers, a response that was said by one person to have been expected by the independent board members.

Mr Hicks is believed to remain determined to refinance the debt, although he has had one proposal rejected by the independent board members in June after they took legal advice. The deadline for the repayment of the owners’ loan is Friday week.

“The owners are trying to block this sales process,” one person said.

According to another person with knowledge of the situation, NESV’s owner John Henry is in the UK with senior management figures with the intention of “closing the deal”.

While NESV has been interested in Liverpool for some weeks, the Far East interest is believed to have become known only in the past week. NESV’s thinking is that Liverpool would be another iconic sports brand to go with the Boston Red Sox and Roush Fenway Racing, one of the pre-eminent teams in Nascar racing.

But given the hostility of Liverpool fans to the Gillett-Hicks ownership, NESV is believed to be sensitive to any anti-US sentiment from supporters.

http://www.ft.com/cms....amp=rss

[Simari]

Greedy , so clear in his statement.