Liverpool FC Forum

by **Paul C** » Mon Oct 11, 2004 12:26 pm

Reports suggest Steve Morgan is set to launch a new bid to invest in Liverpool.

SET FOR NEW INVESTMENT BID
The lifelong Reds fan is thought to have improved the terms of his offer to underwrite a share rights issue, as well as offering to buy from existing shareholders.

The Moores family currently has a majority stake in the club but if Morgan goes ahead with his plans, David Moores is expected to resign as chairman, allowing Morgan to take over.

The Moores' current stake in the club stands at 51 per cent.

Morgan has already had several plans to pump funds in to the club rejected with his latest bid shelved after concerns over the escalating costs of the proposed new stadium.

It is believed the former Redrow owner is willing to put £100million into the club.

A proportion of the cash will be set aside to help the building of the anticipated 60,000-seater venue on Stanley Park.

I don't think he will ever get a bid accepted, he could offer £200m and Moores would still turn him down

by **BOODIDDY** » Mon Oct 11, 2004 12:29 pm

Thats what i think too. It would be great to see morgan lough his money intoLFC but has he really got it? I mean roman took a couple of weeks to come up with the goods, it seems morgan his just taking moores and the fans for a personal crusade ride. Back it up or shut up

by **Paul C** » Mon Oct 11, 2004 12:53 pm

I think the problem is that he has to put a percentage of the club up for sale with shares on the stock market and the board aren't keen on this, is he did become chariman I'm unsure he would have the money for us to spend in the transfer market as at the end of the day he's no Abramovich and was only the boss of Redrow homes, I think he might be another Kenwright as Kenwright had to remorgage his house to buy the blue sh1t3.

by **Leonmc0708** » Mon Oct 11, 2004 6:15 pm

I used to read these investment threads with great anticipation, but now Its just another shaggy dog story.

by **The Canadian Red Army** » Mon Oct 11, 2004 6:20 pm

im a business man but im not into the business of sports
i know the guy has a majority ownership
but whats wrong with giving him 10% or so

by **Leonmc0708** » Mon Oct 11, 2004 6:22 pm

The Canadian Red Army wrote:im a business man but im not into the business of sports
i know the guy has a majority ownership
but whats wrong with giving him 10% or so

The guy is the second biggest, but he does not have a majority, that accolade falls at the feet of Moores.

He wants to buy himself a seat on the board as he does not like seeing the club run the way it is going.

Again, try icliverpool.com (or something like that) to keep up to date on LFC whilst in Canada.

by **spud** » Mon Oct 11, 2004 7:41 pm

I'd just like it sorted so we can buy a few new players in January.

by **weezy** » Mon Oct 11, 2004 7:45 pm

i dont really see why we are picking who should take over the club? i mean why dont we just go for the one that offers the most money??? just take the money and invest and hopefully win a few trophy! its not like he is going the take Anfield piece by piece and take it to whereva he lives!

by **spud** » Mon Oct 11, 2004 7:47 pm

Some people have concerns about us taking "funny money".

by **weezy** » Mon Oct 11, 2004 7:51 pm

what bout that russian in chelsea {cant spell his name} he was one of the former soviet union's businessman most of his fortune is from him taking it from his own country! he only kept it because soviet broke up! so who cares about the so call funny money?

by **jonnymac1979** » Mon Oct 11, 2004 8:06 pm

This has been going on for f****** ages.

by **weezy** » Mon Oct 11, 2004 8:19 pm

exactly...thats why i said we should just accpet the person that offers the most money and thats done so the club can actually concentrate on some football!

by **spud** » Mon Oct 11, 2004 9:02 pm

I think the current board are panicking about control, you know, some big chief in Thailand making decisions about who plays or not.

I accept it's a commercial world, you could call the new anfield "The KFC Stadium" for me as long as they pay top dollar, I think the issue is the terms of the offer and who controls the club.

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