Liverpool FC Forum

by **stmichael** » Fri May 14, 2004 3:38 pm

like i have already stated on a previous thread:

The Thai plan is to put some 15000 uninssued shares, which will not put money into the hands of any of the boardmembers, but straight into LFC. None of that money comes from people having to buy their own shares back again! Morgan might have to to come back with a new plan that:

a) Values the shares closer to their existing value, ie. 4000, not 1750 (which is a joke) b) not have to make the board buy their own shares back.

Morgan is hoping to underwrite those people who can't/won't afford to buy back their shares. He can get almost 60% of the club that way, if no one buys the new shares. Go read the facts. I think I've gaffed on a few, but they're all in the ballpark of what was offered.

LFC said it was "Unattractive", as an offer.

by **Leonmc0708** » Fri May 14, 2004 3:49 pm

stmichael wrote:Go read the facts.

You talking to me ?

by **stmichael** » Fri May 14, 2004 3:51 pm

eh eh eh calm down calm down!

by **Redtribe** » Fri May 14, 2004 3:54 pm

Totally agree Leon the board have made the right decision for the moment!
And its up to Mr Morgan to revise his offer to try and make it more favourable!
I think that they may go with Thai pm's offer as it adds value to the club not detract!
And it has already been disscused in great length!

I'm sure they will make the correct decision in the end!

by **JohnBull** » Fri May 14, 2004 4:04 pm

More favourable to who ? The club or the board because there is a difference even though they don't appear to realise it.

by **Leonmc0708** » Fri May 14, 2004 4:06 pm

JohnBull wrote:More favourable to who ? The club or the board because there is a difference even though they don't appear to realise it.

Explain for us John.

by **JohnBull** » Fri May 14, 2004 4:20 pm

What's going on at the moment has become personal between Moores and Morgan. Moores values the club at whatever he wants to - it's not a limited company - he can do that.
For many years (no just the Houllier ones) the club has drifted on a wave of optimism based on no more than the idea that we are Liverpool Football Club and in the end we'll win the league again.
We are no closer now than when Kenny left and there should be someone to be held responsible - that's the board- NO ONE else They make the appointments and sign the cheques.
15 years down the line we get a successful businessman prepared to stand up and be counted yet the same board who got us into this position say no! We know better. They really are in a very comfortable position and if it all turns turtle they'll still walk away with millions - "fiddeling while Rome burns" comes to mind.

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