Gillett and Hicks (ownership saga)

[Drewas]

I would take a 10 point deduction next year just to be rid. Especially if we win the league this year :yes:

[Bobby Chariot]

I would take a 10 point deduction next year just to be rid. Especially if we win the league this year :yes:

 

It has no relevance to us. And if you hadn't noticed we're in a title race, so leave the sugar daddy craving until the end of the season at least.

[don]

just on setanta's little ticker thing, daily express reporting that £9b kuwaiti sheikh in £450m liverpool bid

[StevieH]

Daily Star: Simply The Best 7 Days A Week :: Football :: Kuwaitis up to buy Reds

[hamstrung]

Star article backs up what M0e posted

 

Not sure if that is a good or bad thing for M0e's credibility.

[Chinandeler Bong]

The recent paper stories about the Kuwaities is all bullshit , lazy journalism yet again .

[coop]

Sure the Kuwait mob will have a few questions to ask on Wednesday regards Hicks and Gilletts financial situation.

[Chinandeler Bong]

Sure the Kuwait mob will have a few questions to ask on Wednesday regards Hicks and Gilletts financial situation.

 

Can I ask what makes you say that ? ?

[coop]

Can I ask what makes you say that ? ?

 

Well the Kuwait reps will be there on Wednesday as i presume guests of Hicks and Gillett.

 

Neither say they need the money but recent newspaper reports contradict that claim a little.

[The Acolyte]

Nothing from either camp so far denying the claim. But with Hicks being more financially fucked than first thought it would be a fools ploy to bid now. Let them dangle over the flames a bit more, them and RBS!

[JohnnyH]

Hicks probably can't afford a press officer to deny the story

[Bobby Chariot]

I'm past caring now. All I want is for Rafa to be happy and able to get on with the job. For all the talk of getting in new richer owners, I can see the disadvantages of attracting even more mindless, fickle idiots.

[Guest Ulysses Everett McGill]

Nothing from either camp so far denying the claim. But with Hicks being more financially fucked than first thought it would be a fools ploy to bid now. Let them dangle over the flames a bit more, them and RBS!

 

Why would they deny it?

 

It's in thier interest for this story to be in the public domain even if it isn't true

[Chinandeler Bong]

Well the Kuwait reps will be there on Wednesday as i presume guests of Hicks and Gillett.

 

Neither say they need the money but recent newspaper reports contradict that claim a little.

 

What ? They deffo gonna be there ?

If so thats interesting . . .

[JRD7]

Why would they deny it?

 

It's in thier interest for this story to be in the public domain even if it isn't true

 

Why do you view it as in their interests for the world to know Hicks is struggling? Surely it's the last thing you want your business rivals/potential investors to know?

[coop]

EXCLUSIVE: LIVERPOOL OWNERS READY TO SELL TO KUWAITIS

 

POSSIBLE NEW LIVERPOOL OWNER: Nasser Al Kharafi,

 

Sunday April 5,2009

By John Richardson Have your say(0)

 

LIVERPOOL are edging closer to a £450 million Middle East take-over which would give manager Rafa Benitez more spending power in the transfer market.

 

Sunday Express Sport can reveal that negotiations between American co-owners Tom Hicks and George Gillett to sell all richest families are at an advanced stage.

 

It’s understood that despite denials, Nasser Al Kharafi, the 49th richest man in the world worth £9 billion is closing in on a deal to become the new owner of the club.

 

His nephew Rafed Al Kharafi, who has attended recent Liverpool games as a guest of the club, is confident of striking a deal in the coming weeks.

 

What has not been finalised is what percentage of the club the Kuwaitis will end up with.

 

While Gillett has given an indication that he will sell all of his holding for the right price, Hicks would like to still be involved and could end up with 25 per cent of the club.

 

The two Americans, who are facing a July deadline to refinance a £350million loan which secured their ownership of th club, now value Liverpool at £500m.

 

They know that without a huge cash injection the planned new stadium would have to remain on the back burner and manager Benitez would be restricted in the transfer market.

 

Looking on is Sheikh Mohammed bin Rashid Al Maktoum, a member of the Dubai ruling family who has been keen on purchasing Liverpool in the past.

[Bobby Chariot]

I despise that John Richardson. It's unlikely he'd have sources close to any potential deal. Nothing but page filler.

[Guest Kenny]

More bull shit from the Express, It was Harry Harris last time with the bull shit.

[L19red]

Same story from Oliver Kay in the Times

 

Kuwaitis line up £500m bid for Liverpool | Liverpool - Times Online

 

Kuwaitis line up £500m bid for Liverpool

Tom Hicks and George Gillett Jr, Liverpool's American owners, have been looking for a buyer for much of the past 12 months

 

Oliver Kay, Football Correspondent

One of the Middle East’s richest families is in negotiations to buy Liverpool as the Arab invasion of the Barclays Premier League continues. It emerged last night that the Al-Kharafi family, of Kuwait, are planning a bid to buy the Merseyside club for £500 million as Tom Hicks and George Gillett Jr prepare to sell up.

 

Hicks and Gillett, the club’s American owners, maintain publicly that they have no plans to sell Liverpool, but they have been actively searching for a buyer for several months, with an asking price of £600 million. Gillett is expected to be the first to depart, but Hicks is also increasingly open to a sale, having authorised Ian Ayre and Phillip Nash, the club’s commercial director and finance director respectively, to hold talks with the Al-Kharafi family this week.

 

Initially, the talks focused on investment in the club’s proposed new stadium in Stanley Park, but a full-scale takeover is now the subject of serious discussions. It also emerged last night that an Arab tycoon behind the takeover of Manchester City is working with a group of German investors on a possible bid for Chelsea.

 

The Times revealed in November that a group from Kuwait had expressed interest in buying Liverpool and that an Arab group, having inspected the company’s accounts, had made a firm offer for the club, only to withdraw from the deal without explanation. It has emerged that this was the Al-Kharafi family, whose wealth is estimated at £8 billion. The family subsequently registered an interest in buying Newcastle United but have now their sights set firmly on Liverpool.

 

The Al-Kharafi family are led by two brothers, Nasser and Jassem, but the planned purchase of Liverpool is likely to be a project overseen by one of their sons. The family made their fortune from a variety of enterprises, including construction, banking, engineering, telecommunications and fast food. Nasser is a highly successful businessman who runs M. A. Kharafi & Sons, which oversees the family’s interests, while Jassem is an influential politician who has served for the past nine years as the speaker in the Kuwait National Assembly.

 

The family’s plans for Liverpool are not known, but their interest is likely to be encouraged by the club’s supporters, who are hostile to Hicks and Gillett. The pair made heartening noises when they bought the club for £218.9 million in February 2007, but their regime has caused chaos behind the scenes, reflected by the failure to begin building work on a new stadium and by fractious relationships with each other and with Rafael Benítez, whose future as manager is in jeopardy as his contract dispute continues.

 

Peter Kenyon, the Chelsea chief executive, has been eager to emphasise Roman Abramovich’s long-term commitment to the club, but that has not stopped Dr Sulaiman al-Fahim, who led the Abu Dhabi United Group’s purchase of Manchester City in September, drawing up a takeover proposal with Falcon Equity, a Swiss-based private-equity partnership. It is understood that it has a number of German investors ready to fund any buyout.

[coop]

Thats from January and i would be surprised if anyone was willing to pay £500 million when the refinance date is getting closer.

[Bobby Chariot]

Revised bollocks on the back of Hicks' debt issues in the US. Now that Oliver Kay is on the bandwagon we can put it to bed once and for all. The man is constantly wronger than Mad Jack Mc Wrong.

[Bobby Chariot]

Haha - and so it goes.

[George Costanza]

Revised bollocks on the back of Hicks' debt issues in the US. Now that Oliver Kay is on the bandwagon we can put it to bed once and for all. The man is constantly wronger than Mad Jack Mc Wrong.

 

Read the fucking date Momo

[bobhorse]

I believe some deal has been agreed already and that was the reason that Rafa signed he got the assurances he was looking for and for the players to also agree deals something is in the offing

Fergie alluded to this when he made his comments regarding there won't be a credit crunch at Anfield in the summer

[JohnnyH]

 

The family’s plans for Liverpool are not known, but their interest is likely to be encouraged by the club’s supporters, who are hostile to Hicks and Gillett. The pair made heartening noises when they bought the club for £218.9 million in February 2007, but their regime has caused chaos behind the scenes, reflected by the failure to begin building work on a new stadium and by fractious relationships with each other and with Rafael Benítez, whose future as manager is in jeopardy as his contract dispute continues.

 

.

 

An old piece so.