TAKEOVER COMPLETE - H & G Finally Jibbed!

Liverpool Football Club - General Discussion

Postby jacdaniel » Thu Oct 07, 2010 4:42 pm

Hello Harry,


Read your comments re: your sympathy for the current Liverpool owners.


You will no-doubt appreciate that Liverpool is servicing an unsustainable debt which threatens it's survival and the current owners are responsible for that - so I'm sure you will also appreciate for a club of Liverpool's stature and following, allowing the current owners to drive this great institution in to the ground,  is not something that the footballing world would want to standby, watch and condone - even if it something that has benefitted the likes of 'spurs', short-term.


We all have to do what we do to earn a living, but scribing sympathy for the lot of two people who are driving Liverpool FC under, is not befitting of you - infact it is quite unbelievable that you actually belive that !

I suppose given where you're other clubs have ended-up you don't sympathise with rescuing a situtaion before it results in the outcomes of Porstmouth and co?


I know Rafa's inter will be upon you soon - I sincerely hope they beat you !


Zara


Brilliant Zara!! :D
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Postby Reg » Thu Oct 07, 2010 4:55 pm

metalhead wrote:on further note Reg, I do think Broughton knew this will happen, and prepared the case in advance  :nod

I certainly hope so and lets hope RBS stand before the judge and confirm MB's side of the story.  :eyebrow
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Postby Roger Red Hat » Thu Oct 07, 2010 4:59 pm

jacdaniel wrote:
Hello Harry,


Read your comments re: your sympathy for the current Liverpool owners.


You will no-doubt appreciate that Liverpool is servicing an unsustainable debt which threatens it's survival and the current owners are responsible for that - so I'm sure you will also appreciate for a club of Liverpool's stature and following, allowing the current owners to drive this great institution in to the ground,  is not something that the footballing world would want to standby, watch and condone - even if it something that has benefitted the likes of 'spurs', short-term.


We all have to do what we do to earn a living, but scribing sympathy for the lot of two people who are driving Liverpool FC under, is not befitting of you - infact it is quite unbelievable that you actually belive that !

I suppose given where you're other clubs have ended-up you don't sympathise with rescuing a situtaion before it results in the outcomes of Porstmouth and co?


I know Rafa's inter will be upon you soon - I sincerely hope they beat you !


Zara


Brilliant Zara!! :D

yep, bar the spelling mistakes its pretty good.
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Postby PabloMedina28 » Thu Oct 07, 2010 5:00 pm

maypaxvobiscum wrote:why has Gillette been so quiet? did he have a heart attack or something?
all im hearing is Hicks this Hicks that.

I think he stopped giving a flying :censored: along time ok
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Postby Reg » Thu Oct 07, 2010 5:05 pm

PabloMedina28 wrote:
maypaxvobiscum wrote:why has Gillette been so quiet? did he have a heart attack or something?
all im hearing is Hicks this Hicks that.

I think he stopped giving a flying :censored: along time ok

The little prícks hiding under his bed due to fan cyber-attacks.  :lookaround
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Postby JBG » Thu Oct 07, 2010 5:16 pm

You can bet your house that MB has an undertaking from Hicks, despite what Hicks has been saying.

I'll wager anything that Hicks' argument that the undertaking is to sell the club for a reasonable price and he'll argue that the price is not reasonable.

If its very messy the court will likely show some sympathy to the shareholders and could well adjourn the matter for a few months to allow both sides (in reality Hicks) come up with more evidence as to the manner in which the undertaking was given and what it really means.

Ultimately I still feel that MB will win and even if Hicks gets the matter adjourned for more arguement he still has RBS and the 15th Oct. hanging over him. However, Hicks is coming from a very weak bargaining position and will hope that dragging the matter through the courts (even though he's likely to ultimately lose) will give him more breathing space.
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Postby metalhead » Thu Oct 07, 2010 5:21 pm

JBG wrote:You can bet your house that MB has an undertaking from Hicks, despite what Hicks has been saying.

I'll wager anything that Hicks' argument that the undertaking is to sell the club for a reasonable price and he'll argue that the price is not reasonable.

If its very messy the court will likely show some sympathy to the shareholders and could well adjourn the matter for a few months to allow both sides (in reality Hicks) come up with more evidence as to the manner in which the undertaking was given and what it really means.

Ultimately I still feel that MB will win and even if Hicks gets the matter adjourned for more arguement he still has RBS and the 15th Oct. hanging over him. However, Hicks is coming from a very weak bargaining position and will hope that dragging the matter through the courts (even though he's likely to ultimately lose) will give him more breathing space.

Hicks will lose if he argued the price isn't reasonable, because the undertaking he took specifically says they are not to interfere or frustrate any sale. Thats why Broughton is very confident that the sale will go through
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Postby dundreamin » Thu Oct 07, 2010 5:22 pm

If,i mean when Hicks loses the court case hope he has to pay all the costs. Hope the t.wat ends up penniless, homeless, lonely and then dies, or am i being to soft on him:p
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Postby zarababe » Thu Oct 07, 2010 5:27 pm

JBG wrote:You can bet your house that MB has an undertaking from Hicks, despite what Hicks has been saying.

I'll wager anything that Hicks' argument that the undertaking is to sell the club for a reasonable price and he'll argue that the price is not reasonable.

If its very messy the court will likely show some sympathy to the shareholders and could well adjourn the matter for a few months to allow both sides (in reality Hicks) come up with more evidence as to the manner in which the undertaking was given and what it really means.

Ultimately I still feel that MB will win and even if Hicks gets the matter adjourned for more arguement he still has RBS and the 15th Oct. hanging over him. However, Hicks is coming from a very weak bargaining position and will hope that dragging the matter through the courts (even though he's likely to ultimately lose) will give him more breathing space.

But if RBS call in the loan - does it end there as in defaulting on the loan would relinquish any adjournment decision, since he will have broken the terms of his refinancing contract?

So either way he won't win right?

and I bet ya RBS are ready to call it in - now that NEVS are in the scene, that must be the game plan - reveal the hand by the baord, show how numpty these are being.. and sell it to them either way !
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Postby Thommo's perm » Thu Oct 07, 2010 5:36 pm

JBG wrote:You can bet your house that MB has an undertaking from Hicks, despite what Hicks has been saying.

I'll wager anything that Hicks' argument that the undertaking is to sell the club for a reasonable price and he'll argue that the price is not reasonable.

If its very messy the court will likely show some sympathy to the shareholders and could well adjourn the matter for a few months to allow both sides (in reality Hicks) come up with more evidence as to the manner in which the undertaking was given and what it really means.

Ultimately I still feel that MB will win and even if Hicks gets the matter adjourned for more arguement he still has RBS and the 15th Oct. hanging over him. However, Hicks is coming from a very weak bargaining position and will hope that dragging the matter through the courts (even though he's likely to ultimately lose) will give him more breathing space.

300 million is a great price for a club with a sh'it team, a sh'it manager and some sh'it fans in a sh'it ground
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Postby PabloMedina28 » Thu Oct 07, 2010 5:42 pm

stmichael wrote:just on a sidenote, does anyone know anymore about where this rival bid came from? was it from the far east?

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Postby zarababe » Thu Oct 07, 2010 5:46 pm

on events this week one article says

"It's like a posh version of a Scouse wedding, with its mandatory punch-up.  Thing is, by the time the police arrive, no-one will be able to remember who started it."
:D
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Postby redsoxfan » Thu Oct 07, 2010 5:47 pm

From today's Boston Globe:
Miranda McGill grew up in Liverpool, and besides leaving her family, the hardest thing about moving to Boston 11 years ago was leaving behind the only team that mattered: Liverpool Football Club.

Like a lot of people from Merseyside, McGill lived for the soccer played by Liverpool FC. But she settled in at MIT to study architecture, and while she continued to watch Liverpool matches on satellite TV in the pubs of Boston and Cambridge, she found herself inexorably attracted to a different team and a different sport. She became an inveterate Boston Red Sox fan.

“The passion of the fans, the atmosphere at Fenway Park, reminded me so much of Anfield,’’ she said, referring to Liverpool FC’s storied stadium.

But there was an inverse relationship between her lifelong love and her adopted love: As the Red Sox broke an 86-year drought to win the World Series twice in four seasons, and in the process became one of the most profitable franchises in baseball, Liverpool, one of the most successful soccer teams in the world, fell on hard times.

So when she woke up yesterday and learned that the owners of the Red Sox were about to buy Liverpool FC, Miranda McGill looked skyward and thanked her lucky stars.

“It makes sense,’’ she said. “It just makes sense.’’

Red Sox fans and Liverpool supporters are kindred spirits. Red Sox fans hate the Yankees, the most famous and richest baseball team in the world. Liverpool fans hate Manchester United, the most famous and richest soccer team in the world.

The rivalries, and the emotions they produce, are remarkably similar.

Bostonians and Liverpudlians are kindred spirits, too. The single most significant event in shaping immigration to both cities in the 19th century was Ireland’s potato blight. In both cities, all sorts of people are Irish by osmosis.

Bostonians and Liverpudlians have healthy inferiority complexes — we look south to New York, they look east to Manchester — and share the common, unshakable belief that no actors can do our accents justice in movies.

The Yankees and Manchester United entered a joint marketing deal nine years ago. Principal Red Sox owner John Henry is no dummy. He and his people know that Liverpool is one of the most internationally recognized soccer brands in the world. This is as much about selling hats and jerseys as it is about putting people in seats at Anfield.

It might also be about TV. It was only last year that ESPN began showing Premier League soccer games live from England. There’s gold, and licensing deals, in them thar hills.

Speaking of Anfield, it is the Fenway Park of English football. Its 45,000-seat capacity is the smallest among the big clubs. And while the previous owners had vowed to build a much bigger stadium, many Liverpool fans are hopelessly devoted to the relative intimacy and tradition of the old one and would rather see it renovated and expanded than knocked down.

“I’m an architect, and I can tell you that regenerating Anfield is a far better solution,’’ McGill said. “We’ve seen what Henry did at Fenway Park, and I think there’s similar potential to expand and improve Anfield while keeping its character intact.’’

Liverpool fans can be forgiven for being wary about exchanging one group of American owners for another. In just three years, current owners Tom Hicks, who used to own the Texas Rangers, and George Gillett, who used to own the Montreal Canadiens, have run the team into the ground, burying it in debt.

Liverpool has suffered through its worst start in a half-century, losing to lowly clubs, most recently Blackpool and Northampton — the latter loss being akin to the Red Sox losing to the Bad News Bears.

Tim Treacy, chairman of the Liverpool FC Supporters Club of Boston, who gather at the Phoenix Landing pub in Cambridge’s Central Square to watch games in rowdy, rapt attention, said the only reservation he and many other Liverpool fans have is financing.

“It can’t be another situation of borrowing a lot of money and running up a lot of debt,’’ said Treacy, a native of Ireland who moved here four years ago to get his doctorate in music therapy at Boston University. “But I’m encouraged, because I’ve seen what they’ve been able to do with the Red Sox. Henry knows how to make money, and he’s not afraid to spend it on players.’’

Treacy also likes the Red Sox’ philosophy of mixing highly paid superstars acquired by free agency with more modestly paid, home-grown talent raised in the farm system. The wealthiest owners of teams in England’s Premier League have gone the route of the former at the expense of the latter, creating huge payrolls but not necessarily good teams.

When McGill married her American husband six years ago, she walked down the aisle of Cambridge Christ Church to the strains of “You’ll Never Walk Alone,’’ Liverpool’s anthem, which is shouted from the terraces of Anfield with a passion considerably more intense than “Sweet Caroline’’ at Fenway.

“As my mum says, if I can’t be in Liverpool, the next-best place is Boston,’’ she said.
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Postby redsoxfan » Thu Oct 07, 2010 5:53 pm

Also from the Boston Globe:
BOSTON—The Boston Red Sox owners have tried their hand at auto racing, golf, U.S. college sports and -- of course -- baseball.

They even kicked a little soccer around before making a deal to buy Liverpool of the English Premier League.

New England Sports Ventures, the company that owns the Red Sox, reached an agreement with the Liverpool board on Tuesday night to buy the financially hobbled soccer club for $477 million. Most -- if not all -- of the money would cover the debts run up by current Liverpool co-owners Tom Hicks and George Gillett Jr., who are expected to challenge the deal in court.

If the deal survives the legal hurdles, the ownership group led by financier John Henry and TV producer Tom Werner thinks it can restore the once-proud soccer club to its former glory.

"NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future," the Americans said in a statement. "Our objective is to stabilize the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies."

Hicks also went from baseball to soccer, having dragged the Texas Rangers into bankruptcy before selling the ballclub this summer. His Liverpool ownership was similarly troubled, largely because of debt taken on to finance the purchase; the team is off to its worst start in more than 50 years, and fans have taken to yelling "Yanks Out!"

But the new owners think they can overcome the anti-American sentiment and bring a winner back to aging Anfield.

When Henry and his group bought the Red Sox, they were viewed in Boston as outsiders who couldn't understand or appreciate the fans' passion for a team that hadn't won a World Series since 1918. They talked of replacing Fenway Park, a decrepit but beloved landmark.

Instead, NESV has put more than $250 million into fixing Fenway, making it once again one of the jewels of the major leagues. And they have shown a willingness to spend money on the payroll, with salaries each year that are second only to the uber-rich New York Yankees.

"We have a proven track record, shown clearly with the Boston Red Sox," the NESV statement said. "The team has won two World Series Championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC."

And it won't affect the ballclub, Red Sox president Larry Lucchino told fans.

"It is not an undertaking of the Boston Red Sox and will not divert our resources or focus on the job at hand -- winning a third World Series for the loyal members of Red Sox Nation," he said. "We want to assure our fans that our work and our Red Sox resources will continue to be devoted to fielding excellent teams in 2011 and beyond, teams worthy of our fans' avid support."

NESV owns the Red Sox, most of their TV network, their ballpark and one-half of Roush Fenway Racing, one of NASCAR's most financially stable teams and a perennial championship contender. Also in the fold is Fenway Sports Group, a sports marketing firm that has dabbled in minor-league baseball, beach volleyball, golf and Boston College athletics.

And it's not the first time the Red Sox crew has dipped its toe into European football.

Fenway Sports Group has had a marketing alliance with Fulham, the oldest pro soccer team in London but a lower-profile club than Liverpool. This summer the team put on a soccer match at Fenway Park between Sporting Lisbon and Glasgow Celtic, drawing more than 32,000 fans for the "Football at Fenway" exhibition.

This week's deal was joyously welcomed by the Liverpool FC Supporters Club of Boston, one of the team's largest fan clubs in the U.S. Many of the 300 members are also Red Sox fans, and they hope their overseas brethren give Henry a chance.

"He's done a tremendous job at restoring Fenway and helped the Red Sox win a World Series not too long after taking over," said Tim Treacy, LFC Boston chairman. "Liverpool hasn't won (an English league) title in 20 years. If he can do the same here it would be just amazing."
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Postby redsoxfan » Thu Oct 07, 2010 6:00 pm

An article from the Wall St. Journal about John Henry: http://online.wsj.com/article....verpool
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