Liverpool FC Forum

by **ICE-MAN** » Thu May 13, 2004 7:15 pm

"Liverpool Football Club confirms that it has received two indicative proposals for investment in the Club, the Thai Investment Proposal and the Bridgemere Proposal backed by Mr Steve Morgan.
The Board of Liverpool Football Club has today met with its financial advisors, Hawkpoint Partners, to consider these proposals.

The Board notes that the Bridgemere Proposal, at £1,750 per share, implies a current value of £61 million for the entire Club, which is a substantial discount to the value placed on the Club by the Board. The Board has therefore concluded that the Bridgemere Proposal as currently constituted is not attractive. It intends to discuss its response to both these Proposals with the respective parties.

A further announcement will be made in due course. "

JUST READ IT NOW WHAT DO YE THINK, THIS WHOLE SAGA IS CONFUSING, HAS ANYONE GOT A 'LFC INVESTMENT INFO FOR DUMMIES' BOOK??

anyway its not looking too good for morgan hes not offering enough money! :cool:

by **ICE-MAN** » Thu May 13, 2004 7:18 pm

I THINK IF POSSIBLE MORGAN SHOULD COME BACK WITH MORE MONEY, WHATS THE RUSH LFC DONT HAVE TO ACCEPT A DEAL STRAIGHT AWAY DO THEY? :cool:

by **Redtribe** » Thu May 13, 2004 7:23 pm

No they dont and i think rushing could be detrimental to the club!

Have to wait and see what Mr Morgan has to say about the whole thing!

by **dawson99** » Thu May 13, 2004 7:30 pm

why dont they just say that mopores doesnt like morgan so thats puting a spanner in the works... wed all understand that!

by **greenred** » Thu May 13, 2004 8:16 pm

Someones telling porkies.Morgan reckons he is offering more money then Thaksin for a similar stake in the club.Thaksin is offering 60million for a 30% share,so how can Morgan be valuing the entire club at that amount? I dont understand it.

by **stapo1000** » Thu May 13, 2004 10:35 pm

HOW CAN YOU CALL MORGAN'S OFFER ''UNATTRACTIVE'' COMPARED TO THE THAI PM'S

by **Paul C** » Thu May 13, 2004 10:41 pm

If Moores loves the club why won't he just drop his 'problem with Morgan and do whats best for LFC

by **seananddarragh23** » Fri May 14, 2004 1:47 am

I,m starting to get very worried about the whole thing.
James Lawton had apiece in a paper today and he invoked the memory of Bill Shankly
at Liverpool town hall waving ared hanky.
I,m worried.

by **azriahmad** » Fri May 14, 2004 6:54 am

The only reason for Moores to accept any kind of offer from Morgan is if the following criteria are met:-
(a) Moores gets to sell his entire equity in Liverpool at his valuation of 4.00 per share (I am guessing something like 85 million pounds for his 51%)
(b) Moores is willing to totally leave Liverpool completely.

To get another party/parties to pay Moores 85 million pounds in near impossible as nobody will be willing to splash that amount and having to face the prospect of forking more cash to pump into the club. Like it or not, Moore seem to be a fan of Liverpool and does not seem to want to totally leave Liverpool.

So, Moores did the next best thing - sell some of his stake in the club and get some new money into the club's coffers. There is no chance Moores will accept Morgan's offer and let himself into a position of having to co-exist in the Management and Board

by **SantaGiveHoullierTheSack** » Fri May 14, 2004 10:35 am

Azri, you are mostly correct. However if Moores is a fan of the club, he certainly have his priorities all screwed up.

by **simic_ie** » Fri May 14, 2004 10:45 am

I wasn't impressed when I heard about this, it seems to me that there is some kind of personal feelings being used to make the decsions here. I want the Morgan offer to be accepted mainly because I don't know whats going on with the Thai offer, its shrouded in too much secrecy. I think both plans should be layed out in public and let the supporters decide which offer is better for the club.

by **stmichael** » Fri May 14, 2004 10:57 am

I've not seen the specific proposal of Mr Morgan, but I'm well enough versed in corporate accounting to know that if the £73 million is via rights issues and additional shares it would be IMPOSSIBLE to end up with a total club value of £61 Million.

Not unless the club was trading insolvently, or had debts greater than the total asset valuation.

So come on LFC board. If your problem is dilution of your ownership, SAY SO - just because we're football fans doesn't mean we're financial morons.

On the other hand, given the sloppy accounting and dodgy practices in some of the far-east can you be sure you'll ever actually see the Thai £65 million?

Parry & Moore - is the destruction of LFC really a price worth paying to salvage your pride, and save face?

by **Scottbot** » Fri May 14, 2004 11:21 am

I don't really think that Morgans offer ever had a real chance lads. I gather Parry has been working on the Thai deal for some time now, considering we first heard rumours about it several weeks ago. Like most of you, i would prefer to see a fan of LFC putting in the money but it is clear that Moores would prefer the silent partner that thaksniwhatchyamithingy will become. I also think Morgan went about things the wrong way by playing up to the press/fans + it was not a great move to publicly undermine Houllier just days before (potentially) the biggest game of our season.

Maybe Morgan will come back and try and buy the club outright in the years to come? That would not surprise me.

by **stmichael** » Fri May 14, 2004 11:24 am

Scottbot wrote:thaksniwhatchyamithingy

by **JohnBull** » Fri May 14, 2004 11:30 am

Yesterdays remarks by Houllier, that he was doing well because he was only asked to get into the Champions League every three years,shows the attitude of this board. Every year turnover goes up and profits go down you don't need an accountancy degree to realise somethings wrong.
The depreciation of our purchases is a joke it would be nice to see us make a profit from these sales ,just now and again.

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