Liverpool FC Forum

[YNWAinNYC]

Dunno who he'd choose to run things, but I'll say this. When he came in to the Sox, he chose Theo Epstein, who was then a 29-year old Yale Graduate working for a team in San Diego. Theo was a Boston-raised kid, who knew the passion of the fans because he felt the same way. He came in and made some hard decisions, trading a few guys but bringing in high quality players — both for big money, and smart prices.

And he's been very big on building the youth set up (minor leagues, here) and now the Red Sox have a flow of talent nearly unmatched in baseball.

I think John Henry will see the passion of the fans and how much Stevie, Reina and Torres mean to the team, and will give money to supplement that core, not explode it. He's in the business of winning, and the Red Sox haven't had closes to a losing season with him.

As for Hicks and Gillett? I think they are dirty, greasy, lying scum and I'm ashamed to share a country with them, even as big of one as America is. Hicks is a Wall Street swindler and a d*ck, even without being LFC owner, and he's the worst thing that's happened to the club.

[addy]

@pauldalglish
Paul Dalglish

NEWSFLASH just heard Michael Knighton has just put a last minute bid in for Liverpool. He is doing keepy ups around Stanley Park as we speak   

   





Love it.

[dawson99]

Do you follow Baseball Daws?

Yeah, Personally a mets fan but a gal I work with is the biggest Bosox fan I know (In London anyways) And I've seen the financial structures he's put in place.. and talking to other Red Sox fans I have never heard a bad word about him.

[Dundalk]

Do you follow Baseball Daws?

Yeah, Personally a mets fan but a gal I work with is the biggest Bosox fan I know (In London anyways) And I've seen the financial structures he's put in place.. and talking to other Red Sox fans I have never heard a bad word about him.

Im a Mets fan too.....but I know nothing about them 


When I was 7 i was in New York at my aunts weddings and was taken to their stadium to see a game

Thats as far as my 'support' goes   

[tommycockles]

Do you follow Baseball Daws?

Yeah, Personally a mets fan but a gal I work with is the biggest Bosox fan I know (In London anyways) And I've seen the financial structures he's put in place.. and talking to other Red Sox fans I have never heard a bad word about him.

Im a Mets fan too.....but I know nothing about them 


When I was 7 i was in New York at my aunts weddings and was taken to their stadium to see a game

Thats as far as my 'support' goes   

I have a Red Sox t-shirt which someone bought me after a trip to Boston- it must be fate!

[Igor Zidane]

6 October 2010

Liverpool’s potential new owners, New England Sports Ventures, have proposed buying Liverpool in a £300m deal that will involve a cash injection of £240m to clear most of the club’s debt, sportingintelligence can reveal. This should alleviate some concerns among fans that the club is heading for another leveraged buyout. (SoS fans’ group initial response here)

As the sales process remains fluid – but complicated by legal action by Tom Hicks and George Gillett (more from earlier / plus some legal opinion) – we can also reveal:

•New England Sports Ventures (NESV), owners of the Boston Red Sox, were the preferred bidders of RBS bank, which was owed a large chunk of £237m by Hicks / Gillett / Liverpool. The other “credible” bidder’s identity remains unconfirmed.
•The former Arsenal managing director, Keith Edelman, has been working on the deal as an advisor to RBS, but solely for his knowledge of football finance, and will have no role at Liverpool.
•NESV has promised £240m in cash to wipe out the majority of the monies owed to RBS and Wachovia. This is cash, not borrowed money, and therefore not to be leveraged against any Liverpool assets, sources say.
•Some £60m of debt will remain in the club (guaranteed by NESV), with approximately £40m of that earmarked for stadium redevelopment, and £20m for cashflow.
•The £240m debt clearance plus assuming responsibility for the other £60m gives the £300m valuation for the deal.
•NESV has “an open mind” on whether it will build a new stadium. The Red Sox’s Fenway Park was redeveloped rather than the Sox being relocated, for example.
•Executives from NESV have already had at least one “clearance” meeting with the Premier League to discuss meeting “fit and proper” owners requirements, say sources Stateside. The Premier League is expected to release a statement later today to make the general point it is undertaking its own checks.
•Sportingintelligence understands NESV has already provided the Premier League with proof of funds and a sustainable business plan and the League should be able to “green light” the sale from its own point of view by Friday. 2pm update, UK time, statement from Premier League just dropped: “The Board of the Premier League has been kept fully informed of developments regarding the potential sale of Liverpool FC by the Chairman and senior Executives of the Club and has, accordingly, been made aware of a number of potential prospective owners in recent weeks. We can confirm that Liverpool FC has formally notified the Premier League of an intended change of control and that the Board has undertaken to complete all the necessary processes by Friday 8 October so that the sale of the Club can proceed.” Update ends
.

Liverpool’s chairman Martin Broughton has said today: “This was frankly [Hicks and Gillett’s] last chance to leave Liverpool with their heads high and they have chosen to go this route.

“It is a difficult issue. Part of me taking on the role – and I was appointed by Tom and George – was that they gave a written undertaking that only I could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings.

“They also gave a written undertaking to RBS that they would not frustrate any reasonable sale and this is frankly a flagrant abuse of those two written undertakings.”

“At Fenway they chose not to build a new stadium. They will want to make sure that they do the right thing, but [Liverpool] willl have a stadium which holds 60,000-odd.

“Whether that is the new stadium as designed or not, that is not a commitment, but will we have stadium development? Yes.”

The legal wrangle over whether the board should have been allowed to agree a sale goes on but Broughton is confident it is a battle that can be won.

[Ciggy]

  http://www.liverpoolecho.co.uk/Liverpool ... -reign-at-
l-fc-100252-27413982/

[url=http://www.liverpoolecho.co.uk/liverpool-news/local-news/2010/10/06/archive-liverpool-echo-front-pages-tchart-tom-hicks-and-george-gillett-s-reign-at-
l-fc-100252-27413982/16/]http://www.liverpoolecho.co.uk/liverpo....16[/url]

[Redman in wales]

So... the burning question arises:











































Are we now gonna be The Liverpool Red Shirts FC? 

[Roger Red Hat]

When I was 7 i was in New York at my aunts weddings and was taken to their stadium to see a game

Thats as far as my 'support' goes   

thats more than some liverpool fans can claim 

[Tophatman]

Thanks mates. Also, it should be noted that John Henry won't be the only owner - he brings together a team of people with money, which he fronts. The Red Sox consistently have one of the highest payrolls in baseball, and Liverpool will have the money needed to compete. Especially with this lower sale price.

Do you think they will keep our current manager?

if not who do you think our new manager will be?

Welcome to the forum btw.

Ciggy, hold your horses will ye...lets get the sale of the club out of the way first

[stmichael]

We will need a new CEO

What's David Dein upto these days? Isn't he involved with the World Cup bid or something?

[Dundalk]

When I was 7 i was in New York at my aunts weddings and was taken to their stadium to see a game

Thats as far as my 'support' goes   

thats more than some liverpool fans can claim 

[RED BEERGOGGLES]

John Thompson taken from the Echo's Live blog

1:40 pm John Thompson:
We're told a watertight contractual agreement has been reached that the money NEVS are investing will not and cannot be heaped upon the club as debt at a later date.......

1:41 pm John Thompson: Indeed a key source in this told me this morning that if all goes to plan, LFC will become a club with the second lowest debt burden in Premier League

Excellent live blog the Echo is conducting... slowly putting to bed my biggest fears

[brentd4]

bring on january, that will tel alot. clear the dead wood, few quality signins, no debt and finsh outside the relegation lol. cant wait to the summer now

[crim cram]

The fact that the Red Sox went so long without a World Series (something like 80 years) and this ownership comes in a they win two says much and gives me hope we can achieve similar things.  This kid he appointed to be the managing director got a lot of stick at first but it turned out to be a brilliant move.  This owner seems to make very good judgment calls and knows that these decisions are make or break.  Things are looking up