Liverpool FC Forum

by **devaney** » Fri Aug 06, 2010 5:40 pm

Just returned from seeing The Karate Kid. Watching a Yank kicking the :censored:

out of the Chinese seemed somewhat ironic. Cracking film and then I decide to catch up on this thread. FFs Lakes I know I supported your original concerns about the Chinese but even by your standards this is fkg ridiculous.

Ten pages I have been through and the only thing of any interest was Nan declaring that she is going on holiday for a month. I just hope the laptop isn't going Lol :laugh:

by **lakes10** » Fri Aug 06, 2010 6:05 pm

Benny The Noon wrote:Lakes your clutching at straws now trying to discredit them and IMO the reason you are is because of the human rights factor . Your now moving onto their housing problems which once again I'm sure has nothing to do with Heung and his investors - read up his cv . How he gets the money is entirely up to him and his investors as long as there is no debt on the club .

no mate its not about housing problems, its a warning that their money market could fall just like ours, and we was in a better place than them when it hit, they are growing so fast over there that there is a big fear they will not see it coming........just like america.

yes the human rights gets me, you are right when you say that anyone with money is going to have a very full cupboard but i do fear that we are putting the club at risk of being the focus of human rights.

none of the bids so far are clean cut and i do feel that all of them have lies in them.

by **roberto green** » Fri Aug 06, 2010 6:18 pm

I get the feeling nothing will happen now it has went quiet on the media front

by **Steve Crooks** » Fri Aug 06, 2010 6:40 pm

roberto green wrote:I get the feeling nothing will happen now it has went quiet on the media front

Looking at all previous takeovers of various clubs, the ones that make the most noise in the run up don't become the buyers. The ones you don't hear anything from during all the hoopla usually end up as buyers.

by **NANNY RED** » Fri Aug 06, 2010 7:02 pm

Look i dont care which country they come from, they can be martians for all i care , but as long as they are fit and proper owners who will cherish this club and love it like we do , shows us repect, shows the city of Liverpool repect and dosnt cheat or lie to us , they dont have to have billions, but i want no more dept, they need to be able to wipe the dept out and build us a new staduim , Im fed up with us having to sell before we buy, so a bit of money for the tranfer kitty on top of any player money that we recouperate from being sold,

A few years ago most of us were just normal Football Supporters every Saturday we would just support the lads , in the few years we have now become financial experts , some of us could take a degree in accounting, We have looked at law,we have looked at off shore accounts the vast majority of us could walk into any bank and get a job, we know that much now about the ins and outs of loans finance, feckin hell i even started reading the Finacial Times and the Guardian, I dont want that anymore sick to death of it , i wanna just go back to being a football supporter , and not worry about loans , leverage buyouts, off shore accounts, Not a lot to ask is it, So any buyer who can make me just feel like being a supporter again , yep ill welcome them.

HA HA ive still got dreams of Sheikh Mo, owning us though and us fans making a few bob out of it an all on his horses :laugh:

by **Reg** » Fri Aug 06, 2010 7:17 pm

Texas Rangers get OK to exit bankruptcy protection
By ANGELA K. BROWN Associated Press Writer

y FORT WORTH, Texas (AP) - The Texas Rangers got approval to exit federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a professional sports team.

The hearing on the team's reorganization started just eight hours after a courtroom, in the wee hours of Thursday morning, erupted in raucous cheers when Hall of Fame pitcher Nolan Ryan's group won the bidding war for the Rangers in a marathon auction with Dallas Mavericks owner Mark Cuban.

The sale was included in the team's plan, approved later Thursday by U.S. Bankruptcy Judge Stacey Jernigan. That clears the way for Major League Baseball to formally approve Ryan, also the Rangers president, and sports attorney Chuck Greenberg as the team's owners next week.

The team's assets will then be sold to the Greenberg-Ryan group, and the Rangers will officially emerge from Chapter 11 protection.

The Rangers' plan and sale to the Greenberg-Ryan group had been in jeopardy since shortly after the bankruptcy filing in May. Angry creditors successfully argued to re-open the bidding although the Greenberg-Ryan group was chosen as the team's owner in January after the original sale process. The court-appointed restructuring officer had said he would veto the reorganization plan because the team had not maximized its assets.

If the plan had been rejected, the team would have remained in bankruptcy court for awhile and the Greenberg-Ryan group - endorsed by Major League Baseball - would have lost its chance to purchase the team, since its funding guarantee expires Aug. 12.

But after nearly three months of arguing attorneys, surprise lawsuits and even two-last minute attempts by Greenberg-Ryan to stop the auction, the group ended up with a winning bid valued at $590 million - about $100 million more than its starting bid.

The final bid from Cuban and Houston businessman Jim Crane, before the group dropped out because it reached a predetermined limit, was valued at $581 million - discounted some $17 million because of deductions and a breakup fee of $10 million to $13 million that would have gone to Greenberg-Ryan had they lost.

Later Thursday morning, the restructuring officer and creditors said they supported the team's revised plan, in part because the auction resulted in a higher price for the AL West-leading Rangers.

"I was wrong," Andrew Leblanc, an attorney for some of the top creditors, told the judge. "I've never been happier to say I was wrong."

Rangers attorneys later told the judge that all disputes with lenders and others had been resolved, including an objection filed by Alex Rodriguez over concerns that he and other former players may not get the millions that the Rangers owe them. The Greenberg-Ryan group's winning bid includes paying more than $200 million to unsecured creditors - including A-Rod, who is owed $24.9 million in deferred compensation six years after his trade to the New York Yankees.

Mitchell Seider, an attorney for lender JPMorgan Chase, said the company would dismiss its lawsuit that sought to sever the Rangers stadium lease from the sale.

When the judge approved the plan Thursday afternoon, after team attorneys made some revisions, a few people in the nearly empty courtroom clapped. The creditors, restructuring officer, league officials and even Greenberg - and all of their attorneys - were long gone, leaving after the morning session.

Also absent was the hoopla seen at previous hearings, but the significance of the judge's ruling was not lost on Kellie Fischer, the team's chief financial officer.

"This is an unbelievable relief. I can't describe it," Fischer said. "I'm thrilled to be done with this process."

Creditors will receive $75 million from the team in the bankruptcy plan, but the judge has said they can sue other entities of Hicks Sports Group, which defaulted on about $525 million in loans last year. Rangers' owner Tom Hicks is co-owner of the Liverpool soccer club, which is for sale, but the London team is not part of Hicks Sports Group and is safe from creditors in the Rangers' bankruptcy case.

The Greenberg-Ryan group's bid had removed a provision that would have covered legal fees if Hicks was sued, and Hicks will not be part of the new organization, Greenberg said.

Hicks said in a statement Thursday that he was "relieved and energized" that the sale was almost complete. He said Ryan, Greenberg and their investors will be "superb stewards of the Texas Rangers. You have to admire their endurance, dedication and commitment over the last 15 months to get this transaction complete."

2010-08-06 08:07:04 GMT
+++++

"Tom Hicks is co-owner of the Liverpool soccer club, which is for sale, but the London team is not part of Hicks Sports Group"

by **lakes10** » Fri Aug 06, 2010 7:23 pm

Reg wrote:Texas Rangers get OK to exit bankruptcy protection
By ANGELA K. BROWN Associated Press Writer

y FORT WORTH, Texas (AP) - The Texas Rangers got approval to exit federal bankruptcy protection, an anticlimactic end to one of the most contentious sales of a professional sports team.

The hearing on the team's reorganization started just eight hours after a courtroom, in the wee hours of Thursday morning, erupted in raucous cheers when Hall of Fame pitcher Nolan Ryan's group won the bidding war for the Rangers in a marathon auction with Dallas Mavericks owner Mark Cuban.

The sale was included in the team's plan, approved later Thursday by U.S. Bankruptcy Judge Stacey Jernigan. That clears the way for Major League Baseball to formally approve Ryan, also the Rangers president, and sports attorney Chuck Greenberg as the team's owners next week.

The team's assets will then be sold to the Greenberg-Ryan group, and the Rangers will officially emerge from Chapter 11 protection.

The Rangers' plan and sale to the Greenberg-Ryan group had been in jeopardy since shortly after the bankruptcy filing in May. Angry creditors successfully argued to re-open the bidding although the Greenberg-Ryan group was chosen as the team's owner in January after the original sale process. The court-appointed restructuring officer had said he would veto the reorganization plan because the team had not maximized its assets.

If the plan had been rejected, the team would have remained in bankruptcy court for awhile and the Greenberg-Ryan group - endorsed by Major League Baseball - would have lost its chance to purchase the team, since its funding guarantee expires Aug. 12.

But after nearly three months of arguing attorneys, surprise lawsuits and even two-last minute attempts by Greenberg-Ryan to stop the auction, the group ended up with a winning bid valued at $590 million - about $100 million more than its starting bid.

The final bid from Cuban and Houston businessman Jim Crane, before the group dropped out because it reached a predetermined limit, was valued at $581 million - discounted some $17 million because of deductions and a breakup fee of $10 million to $13 million that would have gone to Greenberg-Ryan had they lost.

Later Thursday morning, the restructuring officer and creditors said they supported the team's revised plan, in part because the auction resulted in a higher price for the AL West-leading Rangers.

"I was wrong," Andrew Leblanc, an attorney for some of the top creditors, told the judge. "I've never been happier to say I was wrong."

Rangers attorneys later told the judge that all disputes with lenders and others had been resolved, including an objection filed by Alex Rodriguez over concerns that he and other former players may not get the millions that the Rangers owe them. The Greenberg-Ryan group's winning bid includes paying more than $200 million to unsecured creditors - including A-Rod, who is owed $24.9 million in deferred compensation six years after his trade to the New York Yankees.

Mitchell Seider, an attorney for lender JPMorgan Chase, said the company would dismiss its lawsuit that sought to sever the Rangers stadium lease from the sale.

When the judge approved the plan Thursday afternoon, after team attorneys made some revisions, a few people in the nearly empty courtroom clapped. The creditors, restructuring officer, league officials and even Greenberg - and all of their attorneys - were long gone, leaving after the morning session.

Also absent was the hoopla seen at previous hearings, but the significance of the judge's ruling was not lost on Kellie Fischer, the team's chief financial officer.

"This is an unbelievable relief. I can't describe it," Fischer said. "I'm thrilled to be done with this process."

Creditors will receive $75 million from the team in the bankruptcy plan, but the judge has said they can sue other entities of Hicks Sports Group, which defaulted on about $525 million in loans last year. Rangers' owner Tom Hicks is co-owner of the Liverpool soccer club, which is for sale, but the London team is not part of Hicks Sports Group and is safe from creditors in the Rangers' bankruptcy case.

The Greenberg-Ryan group's bid had removed a provision that would have covered legal fees if Hicks was sued, and Hicks will not be part of the new organization, Greenberg said.

Hicks said in a statement Thursday that he was "relieved and energized" that the sale was almost complete. He said Ryan, Greenberg and their investors will be "superb stewards of the Texas Rangers. You have to admire their endurance, dedication and commitment over the last 15 months to get this transaction complete."

2010-08-06 08:07:04 GMT
+++++

"Tom Hicks is co-owner of the Liverpool soccer club, which is for sale, but the London team is not part of Hicks Sports Group"

not 100% if that means we are unprotected and at risk of being done?
have to lookinto that a bit

by **Anfield rapper** » Fri Aug 06, 2010 8:15 pm

lakes10 wrote:
Benny The Noon wrote:Lakes your clutching at straws now trying to discredit them and IMO the reason you are is because of the human rights factor . Your now moving onto their housing problems which once again I'm sure has nothing to do with Heung and his investors - read up his cv . How he gets the money is entirely up to him and his investors as long as there is no debt on the club .

no mate its not about housing problems, its a warning that their money market could fall just like ours, and we was in a better place than them when it hit, they are growing so fast over there that there is a big fear they will not see it coming........just like america.

yes the human rights gets me, you are right when you say that anyone with money is going to have a very full cupboard but i do fear that we are putting the club at risk of being the focus of human rights.

none of the bids so far are clean cut and i do feel that all of them have lies in them.

Mate out of all the countries on earth China has the least money worries. They are cash rich unlike our western countries which are in debt up to our eyeballs.

by **metalhead** » Fri Aug 06, 2010 8:34 pm

Lol we are a london team :laugh:

by **JoeTerp** » Fri Aug 06, 2010 8:45 pm

Anfield rapper wrote:
lakes10 wrote:
Benny The Noon wrote:Lakes your clutching at straws now trying to discredit them and IMO the reason you are is because of the human rights factor . Your now moving onto their housing problems which once again I'm sure has nothing to do with Heung and his investors - read up his cv . How he gets the money is entirely up to him and his investors as long as there is no debt on the club .

no mate its not about housing problems, its a warning that their money market could fall just like ours, and we was in a better place than them when it hit, they are growing so fast over there that there is a big fear they will not see it coming........just like america.

yes the human rights gets me, you are right when you say that anyone with money is going to have a very full cupboard but i do fear that we are putting the club at risk of being the focus of human rights.

none of the bids so far are clean cut and i do feel that all of them have lies in them.

Mate out of all the countries on earth China has the least money worries. They are cash rich unlike our western countries which are in debt up to our eyeballs.

they most certainly have money worries. They hold an f-ton of American debt, which the USA cannot possibly pay back. And they could be/are going through a huge domestic bubble of their own at the moment.

by **Reg** » Fri Aug 06, 2010 8:54 pm

The Chinese economy is ok, dont worry about it. As long as they have minimum 8% growth p.a. things will stay calm.

by **Reg** » Fri Aug 06, 2010 9:09 pm

Good article: BBC Explanation of the situation

Kenny the Spiv in person. :buttrock

by **JoeTerp** » Fri Aug 06, 2010 9:19 pm

Reg wrote:The Chinese economy is ok, dont worry about it. As long as they have minimum 8% growth p.a. things will stay calm.

GDP growth doesn't have anything to do with a stable economy

you can build up your GDP by just building empty cities or paying people to dig holes and other people to fill them in.

Or build Inside China's Building Boom

Biggest Mall in the world

by **NANNY RED** » Fri Aug 06, 2010 9:35 pm

You see what i mean about how clever we have all become instead of just following our team, were now looking at other countrys economys. Stock exchange and everything finacial, God up until these two came i was just an ordinary Kopite ,who went about there buissness of just following the fixture list and who we are playing next and how to get there , now i could get a fecking degree in Finance and Foriegn policy, and Levaged buyouts. how sad have we become :laugh:

by **Anfield rapper** » Fri Aug 06, 2010 9:37 pm

JoeTerp wrote:
Anfield rapper wrote:
lakes10 wrote:
Benny The Noon wrote:Lakes your clutching at straws now trying to discredit them and IMO the reason you are is because of the human rights factor . Your now moving onto their housing problems which once again I'm sure has nothing to do with Heung and his investors - read up his cv . How he gets the money is entirely up to him and his investors as long as there is no debt on the club .

no mate its not about housing problems, its a warning that their money market could fall just like ours, and we was in a better place than them when it hit, they are growing so fast over there that there is a big fear they will not see it coming........just like america.

yes the human rights gets me, you are right when you say that anyone with money is going to have a very full cupboard but i do fear that we are putting the club at risk of being the focus of human rights.

none of the bids so far are clean cut and i do feel that all of them have lies in them.

Mate out of all the countries on earth China has the least money worries. They are cash rich unlike our western countries which are in debt up to our eyeballs.

they most certainly have money worries. They hold an f-ton of American debt, which the USA cannot possibly pay back. And they could be/are going through a huge domestic bubble of their own at the moment.

Well every country has some problems. The fact is though China has the biggest asset reserves in the world. As far as owning LFC goes that'll do for me.

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