Liverpool FC Forum

by **jacdaniel** » Mon Aug 09, 2010 4:09 pm

Martin is being very sensible by not discussing this at all despite the media printing hundreds of stories.

by **Thommo's perm** » Mon Aug 09, 2010 4:24 pm

Mon gone

by **Redx** » Mon Aug 09, 2010 4:24 pm

maguskwt wrote:
Redx wrote:Look this is simple... Put all the names in the hat and get that World Cup octopus to pick the new owner out.. Simples

His name is 'Paul' not 'World Cup Octopus'

When your my age its lucky you remember to breath...let alone remember a name of an octopus..

by **devaney** » Mon Aug 09, 2010 4:25 pm

jono wrote:latest on rawk is we are payin 2.5m a week interest on PIK, RBS are raping us as much as the yanks

Absolute utter b.rollicks - s.hit this thread get's worse by the day

by **Reg** » Mon Aug 09, 2010 4:37 pm

SAHARA GROUP COOL LIVERPOOL INTEREST Posted 09/08/10 15:41EmailPrintSave

One of the parties interested in buying Liverpool have taken a step back from the process.

The Sahara Group, headed by businessman Subrata Roy, had been considering buying into the club earlier this year.

However, as various parties assess their next move - Liverpool have invited prospective new owners to make official offers detailing how their bid will be financed - the huge Indian conglomerate have decided not to proceed.

"The deal for acquisition of the Liverpool Football Club was in our consideration in the recent past," said head of corporate communications Abhijit Sarkar in a statement to Bloomberg.

"However, after considering all related factors, we have decided not to go ahead with it, at least for the time being."

by **Igor Zidane** » Mon Aug 09, 2010 4:40 pm

INTERESTING

by **Reg** » Mon Aug 09, 2010 4:41 pm

devaney wrote:
jono wrote:latest on rawk is we are payin 2.5m a week interest on PIK, RBS are raping us as much as the yanks

Absolute utter b.rollicks - s.hit this thread get's worse by the day

Cheer up Victor !
++

Liverpool owners losing £2.5M-a-week in interest on bank debt
09.08.10

Delays in selling Liverpool are costing the club's American owners £2.5 million a week.

The News of the World says Tom Hicks and George Gillett will see their huge debts increase to £282.4m by August 31 unless they sell the club.

That's a shocking rise of £45.4m since their last refinancing deal in April.

And that's why the duo are set to walk away with nothing when Chinese businessman Kenny Huang ends their reign.

Under the terms of an agreement with the Royal Bank of Scotland and Wells Fargo named 'Project Langworth', the owners' are accumulating escalating multi-million pound PIK fees - payments in kind - charged at a daily rate of 9 per cent per year from April 6, 2010.

The rates for borrowing money this way are far higher and riskier. Interest isn't paid annually. In this case, repayments are being triggered every fortnight and their weekly interest bill is a staggering £2.5m.

by **Reg** » Mon Aug 09, 2010 4:56 pm

Liverpool bidders prepare to play their hands in Anfield club takeover battle

Four of Liverpool’s suitors are expected to table bids soon after chairman Martin Broughton informed all interested parties they must submit formal, legally-binding proposals by the end of the week.

Kenny Huang, the Chinese entrepreneur who was the first to declare his hand in the battle to oust owners Tom Hicks and George Gillett and take control of the club, is expected to submit his offer, worth around £400 million, early this week, despite continuing confusion over the identity of his backers.

Huang has held talks with Broughton and Barclays Capital (BarCap), the investment bank appointed several months ago to identify new owners.

Hodgson to resist late spending spree He is described as a “serious contender” by sources at the club, BarCap and the Royal Bank of Scotland, which owns Liverpool’s £237 million debt.

The three rival bidders who emerged after Huang’s declaration of interest last week all have just five days to decide whether they will attempt to better that offer.

Of those suitors, the Syrian-Canadian businessman Yahya Kirdi seems the most bullish. Reportedly backed by money from the Emirate of Sharjah, Kirdi is thought to be Hicks and Gillett’s preferred bidder.

Sources acquainted with the bidding process have informed Telegraph Sport that the Rhone Group, the New York-based private equity firm, and the Kuwaiti Al-Kharafi family are considering whether to crystallise their interest.

Broughton has insisted the process will not be an 'auction’ in which the highest price wins, but rather one in which he attempts to secure the best possible future ownership for the club. The proposals must include detailed plans and provide proof of funds.

Broughton is believed to be keen to secure a cash-only sale to one individual, rather than to two or more parties, to avoid a repeat of the debt troubles Liverpool have endured under Hicks and Gillett.

The club are also adamant that any new owner must provide detailed plans for the construction of a new stadium on Stanley Park, while at least one of the bids is expected to include provisions to draft former players and some fan representatives on to an advisory panel in contact with the club’s board.

Though Liverpool’s club secretary, Ian Silvester, suggested last week that any deal would take between “four and six weeks” to complete, time is of the essence for the club.

Hicks and Gillett paid around £36.5 million – £100,000 a day – in interest on their debt for the last period for which accounts are available. The longer the process drags on, the more money Liverpool will be forced to pay RBS to service their debt.

That debt has to be refinanced in October, when, if a sale has not been completed, Gillett and Hicks will be asked to pay down a substantial portion of their debt.

Meanwhile, Liverpool have been quoted £14 million for Tottenham striker Peter Crouch. That fee remains beyond Liverpool’s reach, at least until a takeover is completed.

Daily Telegraph.

by **fivecups** » Mon Aug 09, 2010 5:01 pm

The Chinese bid have approached SOS. There is certainly evidence that the voice of supporters matters to potential purchasers and that voice is more important that ever now.

Those that haven't signed up should consider joining - it's only a tenner.

SOS and the Chinese bid

by **Igor Zidane** » Mon Aug 09, 2010 5:13 pm

AS ABOVE

by **fivecups** » Mon Aug 09, 2010 5:22 pm

Igor Zidane wrote:AS ABOVE

Interesting news that Igor.

by **Reg** » Mon Aug 09, 2010 5:30 pm

fivecups wrote:The Chinese bid have approached SOS. There is certainly evidence that the voice of supporters matters to potential purchasers and that voice is more important that ever now.

Those that haven't signed up should consider joining - it's only a tenner.

SOS and the Chinese bid

Salesmanship. All he has to do is make the right noises for a few more weeks and he'll be home and dry.

Until proven otherwise I dont trust any of the bidders as far as I could throw them.

by **fivecups** » Mon Aug 09, 2010 5:31 pm

Reg wrote:
fivecups wrote:The Chinese bid have approached SOS. There is certainly evidence that the voice of supporters matters to potential purchasers and that voice is more important that ever now.

Those that haven't signed up should consider joining - it's only a tenner.

SOS and the Chinese bid

Salesmanship. All he has to do is make the right noises for a few more weeks and he'll be home and dry.

Until proven otherwise I dont trust any of the bidders as far as I could throw them.

Agreed Reg. He's making the right noises but far, far too early to support any of the bidders just yet.

by **Igor Zidane** » Mon Aug 09, 2010 5:44 pm

fivecups wrote:
Igor Zidane wrote:AS ABOVE

Interesting news that Igor.

Deffo interesting mate , we'll see what they have to say . I would echo what Reg has said though . After what's happend over the past three years , we must view any bid with a degree of cynisism . It would be the right thing to do , any potential new owners need to earn our trust . We welcomed the other f.uckers with open arms , never again mate .

by **Ciggy** » Mon Aug 09, 2010 6:09 pm

wtf is goin on? An hour ago we hear the Chinese investor wants to meet with SOS now SSN say we will have a new owner by sunday and its Kirdi :Oo:

Dirty tricks from Gillett by any chance?

Liverpool FC Forum

TAKEOVER COMPLETE - H & G Finally Jibbed!

Who is online