Saudi Investor buy 25% liverpool stock

[Sangria]

Thats as I understand it also

 

If they want to sell part or whole of the club then it is obvious they need to be in it together.

If Gillett went behind Toms back and got top dollar for his shares, all he can sell is under fifty, Tom buys the other couple and he is the majority shareholder.

 

We can hope that Toms finances are in as bad a state as we are lead to believe and his fat arse is against the wall.

[Dan Vito Corleone]

So if it is Citigroup we're dealing with, how much money have they got?

[jackofdk]

Isn't it the first time the snakes publicly admit to be searching for investment?

[Ted]

Nah, didn't tehy admit to talking to DIC with regards to a minority stake?

[Sangria]

This whole saga gets to the point where it starts boring the fuck out of me. We seem to have about 100 fans who know what's going on, without actually knowing what's going on.

 

It's Bin-Halal, no it's not, it's Bin-Faisal, erm scratch that, it's Bin-Huldam etc.

 

Bin-fuck off!

 

I know at times I feel the same but there are a couple out there that know a bit of what it happening.

Sadly it just keeps just drawing me back in.

[jackofdk]

Nah, didn't tehy admit to talking to DIC with regards to a minority stake?

 

With all the twists and turns and lies of this horrible saga, I can't remember. But it is probably one of the least surprising admissions in their time here anyway.

[SpeedyG]

With all the twists and turns and lies of this horrible saga, I can't remember. But it is probably one of the least surprising admissions in their time here anyway.

 

Hicks mentioned it earlier this year. This isn't new news this is just letting us know the saudis are bullshitting.

[Baldi]

This Prince's equity company is called Makan Capital Group.

Makan Capital Group owns Vision Maker Worldwide, a company that does theme parks.

In 2006 or so VisionMaker joined forces with MidOcean Partners to buy Palace Entertainment, who had a fair few US theme parks.

MidOcean/VisionMaker sold Palace a couple of years later.

 

 

 

 

 

 

Christian Purslow was one of the founders of - and still works for - MidOcean Partners.

 

So which one killed Kennedy again ?

[StevieH]

Liverpool's American co-owners Tom Hicks and George Gillett deny £200m Saudi Prince deal | Mail Online

 

Liverpool's unpopular co-owners Tom Hicks and George Gillett finally went public on their willingness to surrender power at Anfield but appeared to distance themselves from billionaire Saudi Prince Faisal bin Fahd bin Abdullah.

 

They admitted that they needed help to reduce Anfield's debt burden as they reacted to claims that Prince Faisal was on the verge of buying into Anfield with a bid in excess of £200million for a 50 per cent stake.

 

Hicks and Gillett did their best to portray a united front as a spokesman acting on their behalf issued a statement that read: 'The owners have jointly retained Bank of America, Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into LFC. However, the process is at an early stage.

 

 

There is no agreement with any party, and reports to the contrary are wholly inaccurate.' They clearly feel Prince Faisal jumped the gun by speaking to a newspaper in Riyadh within 24 hours of visiting Anfield as Gillett's guest for Saturday's 6-1 win over Hull.

 

 

He was quoted in the paper as saying: 'We are currently seeking to buy 50 per cent of the shares in the club, which is now suffering debts of £245m. The transaction, upon which a decision is close to being reached, will be worth between £200m and £350m.'

It remains to be seen whether any deal to accommodate the billionaire boss of Saudi marketing and investment company F6, and another holding firm called Fama Group, can be salvaged.

[coachpotato]

Enough.

Please.

I'm going into a darkened room after tonight's game and all this investment double speak.

My head is cabbaged.

[Guest Ulysses Everett McGill]

Nah, didn't tehy admit to talking to DIC with regards to a minority stake?

 

It was rumoured and they never rebutted it, but this is the first time they have gone public on the record

[coop]

It was rumoured and they never rebutted it, but this is the first time they have gone public on the record

 

You think they were backed into a corner with todays statement Andy or purely they are getting that desperate for investment they feel the need to broadcast it to the world.

[southern scouse]

Tony Barrett

 

Recommend?

Tom Hicks and George Gillett Jr, the owners of Liverpool, have been issued with an ultimatum by the club’s bankers to attract investors to reduce the club’s debt or to sell up.

 

A statement released on behalf of Hicks and Gillett yesterday provided official confirmation for the first time that a search for new funds is under way, with Rothschild and Bank of America Merrill Lynch, the investment banks, leading the search.

 

City sources believe the announcement is an indication of the pressure that the Americans, who bought Liverpool in February 2007, are under to reduce the club’s exposure to debt. An equity raise — a quest to find minority shareholders to inject finance into the club in return for a stake — is a clear signal that the days of Hicks and Gillett as dual owners are numbered, although speculation that a Saudi Arabian prince is on the verge of concluding a deal to secure a half-share have been dismissed.

 

“The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into Liverpool Football Club,” a spokesperson for Hicks and Gillett confirmed. “However, the process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate.”

 

Related Links

Gillett explores Indian’s interest in investment

Liverpool pay heavy price for bad start

Hicks and Gillett secured a deal in July to refinance their debts with Royal Bank of Scotland and Wachovia, but the agreement was struck only on the condition that they provided £60 million in equity to reduce Liverpool’s outstanding liabilities from £310 million to £250 million, after fears expressed by the club’s accountant, KPMG, of their ability to continue as a going concern given such large-scale exposure to debt.

 

However, rather than cementing their position as owners, the deal was designed to allow Hicks and Gillett more time to sell the club. It is understood both banks are reluctant to extend the loans again unless the club reduce their debt before next summer.

 

Claims that Prince Faisal bin Fahd bin Abdullah al-Saud, of Saudi Arabia, is about to strike a deal in which he would assume a 50 per cent stake in Liverpool were dismissed, with senior club officials having been taken by surprise by reports that an agreement was in place and that due diligence is under way, neither of which is true.

 

Gillett, in particular, though, is stepping up his efforts to recruit investors who would allow him to retain a partial stake in the club at the least. His meeting with Prince Faisal at Anfield last Saturday was accompanied by a raft of publicity.

 

In statements emanating from the Middle East, a spokesman on behalf of Prince Faisal has since claimed that a significant investment deal was imminent, but, as reported in The Times on Monday, this is not the case, with the only accord being one that will further Gillett’s interests in Nascar, the North American motor-racing sport.

[coop]

Tony Barrett

 

Recommend?

Tom Hicks and George Gillett Jr, the owners of Liverpool, have been issued with an ultimatum by the club’s bankers to attract investors to reduce the club’s debt or to sell up.

 

A statement released on behalf of Hicks and Gillett yesterday provided official confirmation for the first time that a search for new funds is under way, with Rothschild and Bank of America Merrill Lynch, the investment banks, leading the search.

 

City sources believe the announcement is an indication of the pressure that the Americans, who bought Liverpool in February 2007, are under to reduce the club’s exposure to debt. An equity raise — a quest to find minority shareholders to inject finance into the club in return for a stake — is a clear signal that the days of Hicks and Gillett as dual owners are numbered, although speculation that a Saudi Arabian prince is on the verge of concluding a deal to secure a half-share have been dismissed.

 

“The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into Liverpool Football Club,” a spokesperson for Hicks and Gillett confirmed. “However, the process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate.”

 

Related Links

Gillett explores Indian’s interest in investment

Liverpool pay heavy price for bad start

Hicks and Gillett secured a deal in July to refinance their debts with Royal Bank of Scotland and Wachovia, but the agreement was struck only on the condition that they provided £60 million in equity to reduce Liverpool’s outstanding liabilities from £310 million to £250 million, after fears expressed by the club’s accountant, KPMG, of their ability to continue as a going concern given such large-scale exposure to debt.

 

However, rather than cementing their position as owners, the deal was designed to allow Hicks and Gillett more time to sell the club. It is understood both banks are reluctant to extend the loans again unless the club reduce their debt before next summer.

 

Claims that Prince Faisal bin Fahd bin Abdullah al-Saud, of Saudi Arabia, is about to strike a deal in which he would assume a 50 per cent stake in Liverpool were dismissed, with senior club officials having been taken by surprise by reports that an agreement was in place and that due diligence is under way, neither of which is true.

 

Gillett, in particular, though, is stepping up his efforts to recruit investors who would allow him to retain a partial stake in the club at the least. His meeting with Prince Faisal at Anfield last Saturday was accompanied by a raft of publicity.

 

In statements emanating from the Middle East, a spokesman on behalf of Prince Faisal has since claimed that a significant investment deal was imminent, but, as reported in The Times on Monday, this is not the case, with the only accord being one that will further Gillett’s interests in Nascar, the North American motor-racing sport.

 

Ouch.

[Guest Ulysses Everett McGill]

You think they were backed into a corner with todays statement Andy or purely they are getting that desperate for investment they feel the need to broadcast it to the world.

 

Bit of both

[coop]

Bit of both

 

Yeah after reading that piece from Tony it seems we can expect to see Liverpool been whored around a bit more over the coming weeks/months.

[stringvest]

I'm sure Prince F was a bit premature - a lot of Arab businessmen do tend to do this - a combination of an almost naive excitement and bullishness. It looks like it's very early days, and the club are some way away from letting anyone start due diligence yet. It's good to see that there is more than one interested party - one thing I am sure of is that when it is time to sell Hicks and Gillett cannot possibly make a worse decision on the prospective buyers than Moores did. I'm very pleased that the banks appear to be leaning on H&G.

[Guest Ulysses Everett McGill]

Yeah after reading that piece from Tony it seems we can expect to see Liverpool been whored around a bit more over the coming weeks/months.

 

Doubt it, i'm sure that, whilst Gillett was posturing about and jockeying for position, other people in the club were getting on quietly with finding the right investment package, as has been the case for a few months.

[coop]

Doubt it, i'm sure that, whilst Gillett was posturing about and jockeying for position, other people in the club were getting on quietly with finding the right investment package, as has been the case for a few months.

 

Well im confident in one person who was getting called a Hicks and Gillett puppet getting Liverpool the 'right investment package' as you put it.

 

Just hope Gillett will keep out of it and leave him to it.

[Sangria]

Doubt it, i'm sure that, whilst Gillett was posturing about and jockeying for position, other people in the club were getting on quietly with finding the right investment package, as has been the case for a few months.

 

Here is hoping he gets it right.

 

Maybe just maybe it is coming to a head.

[ali]

Richard Petty Motorsports cuts deal with Saudi Prince

 

By AL PEARCE

 

Part of Richard Petty Motorsports may be sold to a Saudi prince.

 

 

The Middle East will gain another presence in major-league U.S. motorsports if the King from North Carolina and a prince from Saudi Arabia complete a commercial pairing. That's the scenario if part of stock-car legend Richard Petty's four-car NASCAR team is sold to Prince Faisal bin Fahd bin Abdullah al-Saud, a member of the Saudi royal family.

 

On Tuesday, Canadian businessman George Gillett, a primary shareholder in Richard Petty Motorsports, signed a commercial collaboration agreement with al-Saud. Under the agreement, a NASCAR-type track could be built in the Saudi Republic, with the Richard Petty Racing Experience setting up driving schools there.

 

“The Middle East has immense growth potential [for racing] as fans demand access to more diverse, higher-caliber competition,” Gillett said during a Tuesday announcement. “I'm delighted, enthusiastic and honored to have the opportunity to partner with such a visionary in His Highness Prince Faisal.”

 

Some NASCAR-watchers say that Gillett is selling his personal stake in RPM to al-Saud and al-Saud's F6 sports investment group. According to speculation within NASCAR circles, the Saudi-based group wants to buy out Gillett, who appears anxious to free himself from NASCAR. It also is believed that British soccer team Liverpool (Gillett owns 50 percent of Liverpool, along with Texan Tom Hicks) is involved in some way.

 

According to a statement released Tuesday by the F6 group, “The memorandum of understanding with George Gillett group will establish an exclusive partnership between F6 group, Liverpool FC and Richard Petty Motorsports team.”

 

If al-Saud does buy Gillett's stake in RPM, he will not be the first wealthy Middle Easterner to throw his crown into the U.S. racing ring. Sheikh Khalid bin Hama Al-Thani--a member of Qatar's ruling family--teamed with world champion crew chief Alan Johnson to start a two-car NHRA professional drag-racing team in fall 2008. Alan Johnson Al Anabi Racing fields a Top Fuel dragster and a Funny Car and has won in both NHRA classes this season.

 

Al-Thani's drag-racing involvement has led to the construction, or plans for construction, of drag strips in Qatar, Bahrain, the United Arab Emirates, Saudi Arabia and Kuwait.

 

This article was last updated on: 09/29/09, 14:48 et

 

 

Richard Petty Motorsports cuts deal with Saudi Prince: AutoWeek Magazine

[George Costanza]

i given up caring now i really have. fuck it. LFC has already losts it soul, for me there's no way back I think.

[Soup]

is this Christian Purslow? Is he really a goody?

[Sangria]

is this Christian Purslow? Is he really a goody?

 

As with everything time will tell but reading between the lines he is trying to do the right things.

[stringvest]

is this Christian Purslow? Is he really a goody?

 

I have my suspicions. I saw him, Graeme Garden and Bill Oddie all turn up to Anfield on the same bike.