Liverpool takeover hots up- Daily Mail
By DANIEL KING
27th November 2006
The Liverpool board will meet again this week to discuss rival takeover bids after failing to reach agreement on Friday.
The next stage of the long-running saga will be to give a period of exclusivity to the most attractive consortium from a shortlist of up to four.
Sources suggest that Belfast building tycoon John Miskelly is still very much in the race.
The multi-millionaire is understood to have made the offer closest to the £300 million valuation placed on Liverpool by chairman and majority shareholder David Moores.
American sports mogul George Gillett and the Dubai Investment Corporation are the other two heavyweight candidates, with a group led by former Oxford chairman Robin Herd as the outsiders.
Possible buyout? - Just heard on the radio
by Redman in wales » Wed Nov 29, 2006 8:30 pm
there's now a whole section on this on the bbc site:
Liverpool set to change hands?
Liverpool set to change hands?
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by penzance-on-the-kop » Wed Nov 29, 2006 8:56 pm
A possible buyout sounds great, new stadium and players will offer a fresh start for lfc is needs be
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by crossy11 » Wed Nov 29, 2006 9:00 pm
kop11 wrote:i think liverpool fc need some money pumed in for the bennifit of the clubs financial status!! if this new stadium is to ever get under way we will need some fresh income
Thats a good point. With a rise in income will not only boost to make the new stadium, but will boost the players up as they know they will get the new/bigger stadium to play at. However, it will be different not being at Anfield.
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by tubby » Thu Nov 30, 2006 9:46 am
A new stadium wont improve the team. Better players in certain positions will improve the team.
If we were to stay at Anfield id be quite happy to be honest. I just want to see some cash pumped in so Rafa doesnt have to resort to cheaper players who are less proven. Not that he doesnt get it right most of the time but it would have been nice to have someone like SWP or Joquin on the right although I dont think the latter would have come anyway.
If we were to stay at Anfield id be quite happy to be honest. I just want to see some cash pumped in so Rafa doesnt have to resort to cheaper players who are less proven. Not that he doesnt get it right most of the time but it would have been nice to have someone like SWP or Joquin on the right although I dont think the latter would have come anyway.
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by account deleted by request » Thu Nov 30, 2006 4:33 pm
Liverpool set to change hands?
Premiership | Liverpool
by Phil McNulty - BBC Sport 29 November 2006
Liverpool's recent visit to the Emirates Stadium was a sobering experience for players, fans and the hierarchy of a club on the brink of a massive transformation.
Arsenal's crushing 3-0 win was further confirmation that Liverpool can again forget about a championship they once regarded as a birthright.
And, with almost as much significance, it was played in front of a 60,000-plus crowd in a magnificent new arena.
Liverpool had hoped to be playing in similar surroundings themselves by 2006, a shining new symbol of their status as one of the world's biggest clubs.
The plans are still effectively on the drawing board.
A search for new investment that goes back to the appointment of financial advisors Hawkpoint in March 2004 still awaits a successful conclusion.
As for the new stadium, there is still an air of uncertainty surrounding Liverpool's next move.
Earlier in November, Merseyside's biggest government agency, the North West Development Agency, revealed it was refusing to hand over £9m it had earmarked for Liverpool.
NWDA chief executive Steven Broomhead said: "The agency has yet to see any clear evidence of the club's ability to commence with the stadium project, that is to raise the necessary funds."
So, against this backdrop, it would be easy to imagine Liverpool's fans filing out of The Emirates asking: "When will this be us? And just who was it who won the Champions League 18 months ago?"
The word is, though, that the waiting could soon be at an end...even within days.
Sources on Merseyside suggest a takeover is now imminent - and it will not come a day too soon.
Liverpool may have enjoyed Champions League and FA Cup triumphs under Rafael Benitez, but new investment is needed to halt a domestic slide which has seen them fall dangerously off the pace of the Premiership pace-setters.
A simple but painful fact for you to consider - Manchester United attract a guaranteed 32,000 more fans at every home game than Liverpool do at Anfield.
Throw in Roman Abramovich's chequebook plus Arsenal's gleaming new super-sized home, and the sums make painful reading as Liverpool seek greater financial firepower.
Liverpool chairman David Moores deserves huge credit for his constant support of managers during his reign.
They have never gone short of cash.
But he now appears to accept it is time for new money and the old guard's departure.
The search, when it ends, concludes a journey far and wide by chief executive Rick Parry.
He has been criticised for being too slow off the mark and failing to cash in on Liverpool's great moment in Milan in 2005.
But this fails to take in Moores' ties to a club that, despite its size and worldwide reach, remains an almost uniquely parochial football club given its status.
And the sale of Liverpool Football Club is not a deal that should be done lightly.
If Parry had recommended a sale too soon, what might have happened had the club been delivered into the wrong hands?
Local businessman Steve Morgan, a lifelong Liverpool fan with big plans for the club, came and went.
He was, in many ways, the perfect choice but his bid failed partly because of a notoriously uneasy personal relationship with Moores.
Morgan was certainly not the wrong hands, but perhaps the wrong man given his strident public criticism of Moores.
It was Morgan who revealed at Liverpool's AGM in February that the club was £73m in debt - a figure which is now understood to be more than £80m.
A flirtation with then Thai PM Thaksin Shiniwatra came to nothing - luckily given he was later overthrown by a military junta.
Add the US billionaire Robert Kraft and we come full circle to what looks like the conclusion of this lengthy saga.
The list of contenders has narrowed.
Dubai International Capital, whose head Samari Ansari is a Liverpool fan, are interested along with George Gillet Junior, owner of Montreal Canadiens ice hockey team.
The Dubai option appears favourite, with rumours of a deal being close to completion, but others are still stalking Anfield and there may yet be a twist.
They are believed to include Belfast property millionaire John Miskelly, a Norwegian group led by Oystein Stray Spetalen and Petter Stordalen, and a consortium based in Switzerland put together by Robert Herd, the former chairman of Oxford United.
Will Morgan return to the table? Unlikely but many still hope he will.
Moores' asking price of £300m for his 51% stake has been a sticking point, but he may now consider reducing that price to finally close a deal.
He has more than 17,000 shares and values them at £6,000 each.
Sources say the price has dropped. He would receive the money from a sale, but is understood to want a guarantee that a purchaser would take out 15,000 unissued shares.
Complex indeed, but Liverpool need big money to close a very big gap. And they need it quickly.
It is a choice he and Parry must make carefully - but equally an investment that must also be made with caution.
An £80m debt, a bill for £200m for a new stadium, a buy-out of Moores and investment in new players?
Liverpool will not come cheap...and nor should it with a fan base spread worldwide and with a huge (apologies for use of this horrible word in a football context) "brand".
Supporters will be as interested in money for players as much as the proposed new stadium.
It is suggested Gillet's package is around £450m, with around £50m for players and other costs once a takeover is completed and a stadium built.
Substantial, but the sort of cash Abramovich might find down the back of his yacht's sofa.
The Dubai group are regarded as serious business investors rather than lavish benefactors, so hopes of a transfer kitty on an Abramovich scale may be misplaced.
One thing is certain, Liverpool have now reach a crucial point in their history.
If they hesitate any further, the chase to catch Manchester United, Chelsea and even Arsenal could be lost.
The signs are they finally ready to make the move and place Liverpool's future in new hands.
Sounds like we are going to see a wind of change in the next few days.
Premiership | Liverpool
by Phil McNulty - BBC Sport 29 November 2006
Liverpool's recent visit to the Emirates Stadium was a sobering experience for players, fans and the hierarchy of a club on the brink of a massive transformation.
Arsenal's crushing 3-0 win was further confirmation that Liverpool can again forget about a championship they once regarded as a birthright.
And, with almost as much significance, it was played in front of a 60,000-plus crowd in a magnificent new arena.
Liverpool had hoped to be playing in similar surroundings themselves by 2006, a shining new symbol of their status as one of the world's biggest clubs.
The plans are still effectively on the drawing board.
A search for new investment that goes back to the appointment of financial advisors Hawkpoint in March 2004 still awaits a successful conclusion.
As for the new stadium, there is still an air of uncertainty surrounding Liverpool's next move.
Earlier in November, Merseyside's biggest government agency, the North West Development Agency, revealed it was refusing to hand over £9m it had earmarked for Liverpool.
NWDA chief executive Steven Broomhead said: "The agency has yet to see any clear evidence of the club's ability to commence with the stadium project, that is to raise the necessary funds."
So, against this backdrop, it would be easy to imagine Liverpool's fans filing out of The Emirates asking: "When will this be us? And just who was it who won the Champions League 18 months ago?"
The word is, though, that the waiting could soon be at an end...even within days.
Sources on Merseyside suggest a takeover is now imminent - and it will not come a day too soon.
Liverpool may have enjoyed Champions League and FA Cup triumphs under Rafael Benitez, but new investment is needed to halt a domestic slide which has seen them fall dangerously off the pace of the Premiership pace-setters.
A simple but painful fact for you to consider - Manchester United attract a guaranteed 32,000 more fans at every home game than Liverpool do at Anfield.
Throw in Roman Abramovich's chequebook plus Arsenal's gleaming new super-sized home, and the sums make painful reading as Liverpool seek greater financial firepower.
Liverpool chairman David Moores deserves huge credit for his constant support of managers during his reign.
They have never gone short of cash.
But he now appears to accept it is time for new money and the old guard's departure.
The search, when it ends, concludes a journey far and wide by chief executive Rick Parry.
He has been criticised for being too slow off the mark and failing to cash in on Liverpool's great moment in Milan in 2005.
But this fails to take in Moores' ties to a club that, despite its size and worldwide reach, remains an almost uniquely parochial football club given its status.
And the sale of Liverpool Football Club is not a deal that should be done lightly.
If Parry had recommended a sale too soon, what might have happened had the club been delivered into the wrong hands?
Local businessman Steve Morgan, a lifelong Liverpool fan with big plans for the club, came and went.
He was, in many ways, the perfect choice but his bid failed partly because of a notoriously uneasy personal relationship with Moores.
Morgan was certainly not the wrong hands, but perhaps the wrong man given his strident public criticism of Moores.
It was Morgan who revealed at Liverpool's AGM in February that the club was £73m in debt - a figure which is now understood to be more than £80m.
A flirtation with then Thai PM Thaksin Shiniwatra came to nothing - luckily given he was later overthrown by a military junta.
Add the US billionaire Robert Kraft and we come full circle to what looks like the conclusion of this lengthy saga.
The list of contenders has narrowed.
Dubai International Capital, whose head Samari Ansari is a Liverpool fan, are interested along with George Gillet Junior, owner of Montreal Canadiens ice hockey team.
The Dubai option appears favourite, with rumours of a deal being close to completion, but others are still stalking Anfield and there may yet be a twist.
They are believed to include Belfast property millionaire John Miskelly, a Norwegian group led by Oystein Stray Spetalen and Petter Stordalen, and a consortium based in Switzerland put together by Robert Herd, the former chairman of Oxford United.
Will Morgan return to the table? Unlikely but many still hope he will.
Moores' asking price of £300m for his 51% stake has been a sticking point, but he may now consider reducing that price to finally close a deal.
He has more than 17,000 shares and values them at £6,000 each.
Sources say the price has dropped. He would receive the money from a sale, but is understood to want a guarantee that a purchaser would take out 15,000 unissued shares.
Complex indeed, but Liverpool need big money to close a very big gap. And they need it quickly.
It is a choice he and Parry must make carefully - but equally an investment that must also be made with caution.
An £80m debt, a bill for £200m for a new stadium, a buy-out of Moores and investment in new players?
Liverpool will not come cheap...and nor should it with a fan base spread worldwide and with a huge (apologies for use of this horrible word in a football context) "brand".
Supporters will be as interested in money for players as much as the proposed new stadium.
It is suggested Gillet's package is around £450m, with around £50m for players and other costs once a takeover is completed and a stadium built.
Substantial, but the sort of cash Abramovich might find down the back of his yacht's sofa.
The Dubai group are regarded as serious business investors rather than lavish benefactors, so hopes of a transfer kitty on an Abramovich scale may be misplaced.
One thing is certain, Liverpool have now reach a crucial point in their history.
If they hesitate any further, the chase to catch Manchester United, Chelsea and even Arsenal could be lost.
The signs are they finally ready to make the move and place Liverpool's future in new hands.
Sounds like we are going to see a wind of change in the next few days.
- account deleted by request
- Posts: 20690
- Joined: Sun Apr 30, 2006 5:11 am
by account deleted by request » Thu Nov 30, 2006 6:17 pm
More news suggesting an imminent takeover.
30 November 2006
Liverpool is set to be the latest major football club to fall to a foreign takeover after it emerged that the controlling Moores family is ready to sell up in a deal which could top £290m.
Heading the race for the Reds is colourful American businessman George Gillett, a sometime bankrupt and former owner of the iconic Harlem Globetrotters basketball team.
But the ambitions of Gillett are being pitched against the petrodollar firepower of Dubai International Capital, an investment arm of the Arab emirate headed by its horseracing-mad Crown Prince, Sheikh Mohammed.
David Moores, who controls the Littlewoods family pools fortune, is understood to be ready to sell part or all of his 51% shareholding in Liverpool. Although the club is £80m in debt and needs £180m to finance a move from the constricted Anfield to a new home in Stanley Park, Moores is believed to want an offer that will value the club's total share capital at £210m.
'The deal is just days away and though it's been neck and neck, Gillett may be pulling ahead,' said a City source.
Gillett, 67, the owner of Montreal Canadiens ice hockey team, appears to be aiming to ape the £800m takeover of Manchester United by Malcolm Glazer who, like Gillett, runs his businesses through his sons and is also a US sports franchise owner.
Based in Colorado with interests in car dealerships, meat-packing and grain, Gillett has made, lost and made again fortunes from the US skiing boom as owner of theVail resort.
As well as running the Harlem Globetrotters in the 1970s, he has been an owner of the Miami Dolphins gridiron franchise
this is money link
30 November 2006
Liverpool is set to be the latest major football club to fall to a foreign takeover after it emerged that the controlling Moores family is ready to sell up in a deal which could top £290m.
Heading the race for the Reds is colourful American businessman George Gillett, a sometime bankrupt and former owner of the iconic Harlem Globetrotters basketball team.
But the ambitions of Gillett are being pitched against the petrodollar firepower of Dubai International Capital, an investment arm of the Arab emirate headed by its horseracing-mad Crown Prince, Sheikh Mohammed.
David Moores, who controls the Littlewoods family pools fortune, is understood to be ready to sell part or all of his 51% shareholding in Liverpool. Although the club is £80m in debt and needs £180m to finance a move from the constricted Anfield to a new home in Stanley Park, Moores is believed to want an offer that will value the club's total share capital at £210m.
'The deal is just days away and though it's been neck and neck, Gillett may be pulling ahead,' said a City source.
Gillett, 67, the owner of Montreal Canadiens ice hockey team, appears to be aiming to ape the £800m takeover of Manchester United by Malcolm Glazer who, like Gillett, runs his businesses through his sons and is also a US sports franchise owner.
Based in Colorado with interests in car dealerships, meat-packing and grain, Gillett has made, lost and made again fortunes from the US skiing boom as owner of theVail resort.
As well as running the Harlem Globetrotters in the 1970s, he has been an owner of the Miami Dolphins gridiron franchise
this is money link
Last edited by account deleted by request on Thu Nov 30, 2006 6:18 pm, edited 1 time in total.
- account deleted by request
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- Joined: Sun Apr 30, 2006 5:11 am
by tubby » Sat Dec 02, 2006 2:30 pm
Liverpool are believed to have given the green light to the investment package from Dubai Holdings in to Liverpool Football Club. A board meeting yesterday was to study the different options and to decide on one particular investment and begin further discussions.
It seems that the reds have opted for the Dubai Investment Capital consortium as the preferred option. It is rumoured that Rick Parry has been in discussion with the group for a period of two years.
The investment group have recently purchased Madame Tussauds group for £800m and the Travelodge chaing for over £600m.
They are believed to recognise the worldwide brand label of Liverpool Football Club and intend to provide, what is believed to be, 'substantial' funds for player investment.....
http://www.newsnow.co.uk/newsfeed/?name=Liverpool
Finally some progress.
It seems that the reds have opted for the Dubai Investment Capital consortium as the preferred option. It is rumoured that Rick Parry has been in discussion with the group for a period of two years.
The investment group have recently purchased Madame Tussauds group for £800m and the Travelodge chaing for over £600m.
They are believed to recognise the worldwide brand label of Liverpool Football Club and intend to provide, what is believed to be, 'substantial' funds for player investment.....
http://www.newsnow.co.uk/newsfeed/?name=Liverpool
Finally some progress.
Last edited by tubby on Sat Dec 02, 2006 2:31 pm, edited 1 time in total.
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tubby - >> LFC Elite Member <<
- Posts: 22442
- Joined: Mon Jun 27, 2005 2:05 pm
by tubby » Sat Dec 02, 2006 2:33 pm
Im not going to start a new thread until its been confirmed by the club but the stories are begining to filter through now. It seems Dubai Holdings have won the race to buy our club. Lets hope we have many sucessfull years ahead of us.
Also not in the article they intend to make us on level with Chelsea and Real Madrid. I wonder if we did spend that sort of money how different the Premiership would be.
From eatsleepsport.com
Dubai Holdings has secured a deal in principle to invest in the Reds with Rafa Benitez set to receive significant transfer funds.
It is understood a deal was agreed late on Friday evening for the Middle Eastern investors to buy into the club although it is not yet clear if they have secured a controlling interest.
Reds' chief executive Rick Parry has been in negotiation with Dubai Holdings for two years and it is understood that the deal will release considerable funds for team strengthening and for the new stadium project.
Dubai Holdings, the Middle Eastern state's investment arm, looks to big global projects having recently secured an £800m purchase of Madame Tussaud's and the £675m buyout of Travelodge hotels.
They recognise Liverpool's incredible world-wide appeal and are said to be keen to put the club on a level financial footing with the likes of Chelsea and Real Madrid.
Also not in the article they intend to make us on level with Chelsea and Real Madrid. I wonder if we did spend that sort of money how different the Premiership would be.
From eatsleepsport.com
Dubai Holdings has secured a deal in principle to invest in the Reds with Rafa Benitez set to receive significant transfer funds.
It is understood a deal was agreed late on Friday evening for the Middle Eastern investors to buy into the club although it is not yet clear if they have secured a controlling interest.
Reds' chief executive Rick Parry has been in negotiation with Dubai Holdings for two years and it is understood that the deal will release considerable funds for team strengthening and for the new stadium project.
Dubai Holdings, the Middle Eastern state's investment arm, looks to big global projects having recently secured an £800m purchase of Madame Tussaud's and the £675m buyout of Travelodge hotels.
They recognise Liverpool's incredible world-wide appeal and are said to be keen to put the club on a level financial footing with the likes of Chelsea and Real Madrid.
Last edited by tubby on Sat Dec 02, 2006 2:34 pm, edited 1 time in total.
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tubby - >> LFC Elite Member <<
- Posts: 22442
- Joined: Mon Jun 27, 2005 2:05 pm
by metalhead » Sat Dec 02, 2006 3:38 pm
bavlondon wrote:Im not going to start a new thread until its been confirmed by the club but the stories are begining to filter through now. It seems Dubai Holdings have won the race to buy our club. Lets hope we have many sucessfull years ahead of us.
Also not in the article they intend to make us on level with Chelsea and Real Madrid. I wonder if we did spend that sort of money how different the Premiership would be.
From eatsleepsport.com
Dubai Holdings has secured a deal in principle to invest in the Reds with Rafa Benitez set to receive significant transfer funds.
It is understood a deal was agreed late on Friday evening for the Middle Eastern investors to buy into the club although it is not yet clear if they have secured a controlling interest.
Reds' chief executive Rick Parry has been in negotiation with Dubai Holdings for two years and it is understood that the deal will release considerable funds for team strengthening and for the new stadium project.
Dubai Holdings, the Middle Eastern state's investment arm, looks to big global projects having recently secured an £800m purchase of Madame Tussaud's and the £675m buyout of Travelodge hotels.
They recognise Liverpool's incredible world-wide appeal and are said to be keen to put the club on a level financial footing with the likes of Chelsea and Real Madrid.
interesting.
Looks good investment, would help Rafa alot.
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metalhead - >> LFC Elite Member <<
- Posts: 17476
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- Location: Milan, Italy
by tubby » Sat Dec 02, 2006 3:45 pm
Help alot???/
We are the only one in the top four in England that hasnt got any outside invesment. The fact that they are saying they want to get on financial footing on the Level of Read Madrid speaks volumes about how serious they are about securing our future.
We are the only one in the top four in England that hasnt got any outside invesment. The fact that they are saying they want to get on financial footing on the Level of Read Madrid speaks volumes about how serious they are about securing our future.
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tubby - >> LFC Elite Member <<
- Posts: 22442
- Joined: Mon Jun 27, 2005 2:05 pm
by 67-1161385641 » Sat Dec 02, 2006 3:49 pm
bavlondon wrote:Help alot???/
We are the only one in the top four in England that hasnt got any outside invesment. The fact that they are saying they want to get on financial footing on the Level of Read Madrid speaks volumes about how serious they are about securing our future.
Not mention losing us respect in due course, if this club ends up like Chelsea or there are lots of comparisons, I shall distance myself from the club.
Roll on the gloryhunters, eh?
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