Gillett and Hicks (ownership saga)

[05 Milan]

[Sangria]

Haha, I know what you mean Stan. I was going to try and get it out of him but I'm just going to give up and wait!

 

That is the beauty of youth Cain patience. I wish I had, youth and patience.

[Carradona]

Come on Stan, you're not that old. ;)

[Sangria]

Did you get your p.m stan?

 

Yeah mate sound cheers.

[philyhamann]

Be nice if you said what you know, this is only a forum mate.

 

Why should atk put his neck on the line for a bunch of people who he doesn't know, who'll just go mouthing off on RAWK/YNWA about it and potentially get atk into trouble? And if it doesn't come up, people will have a pop at him anyway for getting it wrong. Its no win for people who post "inside" information.

[Sangria]

Why should atk put his neck on the line for a bunch of people who he doesn't know, who'll just go mouthing off on RAWK/YNWA about it and potentially get atk into trouble? And if it doesn't come up, people will have a pop at him anyway for getting it wrong. Its no win for people who post "inside" information.

 

Somethings can be put on and some cannot. If someone has a source and they get info and post it on here the info ends. So yeah pretty much agree with what you are saying.

[BENIRL]

Theres a difference between being on their side or working with them. If rafa can keep them happy he'll get backed, piss them off, he losses his job. I personal think he loves this club and wants to win the league for us, its not about control, he beleives if he has control he'll be able to lift number 19 for us.

 

There is a big difference in wanting to win the league and having the ability to win the league. Rafa is a control freak and that may pay a big part in his downfall.

[George Costanza]

Evening Al, now I know how it felt when people were waiting for the Luftwaffe.

 

 

.

 

Hermann Hicks

[aladdinsane]

Somethings can be put on and some cannot. If someone has a source and they get info and post it on here the info ends. So yeah pretty much agree with what you are saying.

 

I agree, although wouldn't it be easier to just say nothing rather than hint?

[philyhamann]

I'd rather get hints off people I trust than nothing at all, its best just to take it or leave it your own opinion. The Count off here stopped posting stuff because it wasn't worth the hassle from mongs who didn't like the truth and had a pop on places like RAWK, even if months later he was proven right.

[coop]

The other thing is Al (atk) has already said the information would not go down well here so why should he be expected to bear the brunt of peoples anger.

 

The old saying 'dont shoot the messenger'.

[Sangria]

I agree, although wouldn't it be easier to just say nothing rather than hint?

 

Sometime a hint is better than fuck all.

[stringvest]

Crikey!

[aladdinsane]

Sometime a hint is better than fuck all.

 

Fair enough then. Agree to disagree.

[05 Milan]

Hope Montse enjoys the van.

[elvis]

Crikey!

 

Crikey what ?

[Guest Kenny]

Hicks gets total control?

[coop]

Hicks can not afford total control.

 

What he can do however is what he is trying to do which is to buy a small percentage off Gillett (example 2%) and then another investor to buy the rest.

 

Therefore making Hicks majority owner and he then calls the shots.

 

Hicks and Gillett instructed Merrill Lynch a long time ago to find them an investor who would be interested in the club but at the prices being asked no-one is bothered.

 

Both owners have finance problems but Gillett is by far the worse hit of the two.

 

Any investor worth his salt will not get into business with one person who is almost bankcrupt and another who is just about keeping his head above the water.

 

The problem is Liverpool FC is Hicks best investment and there is no way he will relinquish control of the club unless he really has to.

 

Gillett refuses to do business with Hicks but the more time passes the more it looks like he will have little choice.

[Guest Kenny]

Hicks can not afford total control.

 

What he can do however is what he is trying to do which is to buy a small percentage off Gillett (example 2%) and then another investor to buy the rest.

 

Therefore making Hicks majority owner and he then calls the shots.

 

Hicks and Gillett instructed Merrill Lynch a long time ago to find them an investor who would be interested in the club but at the prices being asked no-one is bothered.

 

Both owners have finance problems but Gillett is by far the worse hit of the two.

 

Any investor worth his salt will not get into business with one person who is almost bankcrupt and another who is just about keeping his head above the water.

 

The problem is Liverpool FC is Hicks best investment and there is no way he will relinquish control of the club unless he really has to.

 

Gillett refuses to do business with Hicks but the more time passes the more it looks like he will have little choice.

 

What about George Bush now he has retired, Im sure Bascombe mentioned this at some point.

[George Costanza]

What about George Bush now he has retired, Im sure Bascombe mentioned this at some point.

 

Bush doesn't have anywhere near the money required.

[King Emlyn]

Benitez uses the press no question, but tbh he's had to hasn't he? Nobody, and i mean nobody could have forseen how bloody awful these owners have been. He can be a bit of a kid at times but i believe he's had to go about things pretty much the way he has. Of course he has vested interests (who doesn't) but i think he's fought our corner well. I don't have blind faith in Benitez like some, far from it in fact he has many faults, but i'd back him over Parry, Gillete et al every single day of the week. We've moaned on and on about Parry for literally years, surely we should be rejoicing that he's trying to force him out, if that is indeed what he's doing.

 

 

Edit: wrong thread, belongs on Dave's one!

[Kennys_spell]

http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/4318296/Tom-Hicks-opens-talks-with-Kuwait-family-over-Liverpool-sale.html

[05 Milan]

post the text, link doesn't work

[Kennys_spell]

post the text, link doesn't work

 

Liverpool co-owner Tom Hicks has opened discussions with one of Kuwait's richest families over a possible sale of the club.

 

Hicks's camp are in tentative talks with representatives of the Al Kharafi family, whose head Nasser is the 48th richest man in the world with an £9 billion fortune.

 

Nasser Al Kharafi was linked with a move for Newcastle last year but the key player in the prospective purchase of Liverpool is understood to be his nephew, Rafed Al Kharafi. The family fortune is based on construction and a variety of holdings in the banking, fast-food and tourism sectors.

 

Liverpool's finance director, Phillip Nash, a close ally of Hicks, travelled to Kuwait this week seeking investment for the club's stalled new ground, but the ultimate goal is thought to be securing the sale of the club, which the Americans value at £600 million.

 

Hicks's discussions with the Al Kharafis, which are understood to have begun without the knowledge of co-owner George Gillett, mark the second time in a year that the Americans have sought to sell the club to the family.

 

Last spring Gillett opened talks with the family and at one stage a sale looked probable, but after extensive negotiations the deal broke down in July when the Kuwaitis walked away without explanation.

 

Hicks's decision to return to the family to try to execute a new deal is understood to have infuriated Gillett and will further deepen the distrust between the two.

 

Gillett has been under pressure to refinance a £40 million loan secured as a personal guarantee demanded by RBS as a condition of a £350 million refinancing deal the American's negotiated this time last year.

 

Nash's deployment to Kuwait also indicates the increasingly perilous position of chief executive Rick Parry, who appears to have been frozen out of the deal by Hick's altogether.

 

If Hicks cannot secure a full sale it has been suggested that he would settle for a majority stake that would leave him with a place on the board and power over the football side of the business.

 

That is likely to be deeply unpopular with supporters dismayed at the civil war within the club at a time when they should be focusing on winning their first league title in 19 years.

 

With the club split 50-50 between the two owners however, there can be no resolution to the ownership issue without the agreement of both.

 

According to well-placed sources there is a new willingness to sell on both sides however. With their £350 million loan due to be renegotiated in July, funding for the new ground uncertain and RBS unlikely to be able to offer favourable terms having been crippled by the financial crisis, there is an imperative to sell or secure fresh investment.

[billybonzo]

Fingers well and truly crossed