Saudi Investor buy 25% liverpool stock

[Ted]

Nah, normally people involved with Saga die about 4 weeks after taking out their policy.

 

This sumbitch is a fucking Paul Whitehouse Aviva advert.

[coop]

The 'veto' is rumoured to be that if either owner wishes to sell their 50% share then they first must off the other owner 2% therefore meaning they would only have 48% to sell.

 

This would mean the other owner is therefore the majority owner and why no-one is willing to buy the shares at the moment.

 

Obviously the price probably doesn't help either.

 

This way it means that if either owner is so desperate to sell due to financial reasons then they can as long as they sell 2% first to the other owner.

 

If Gillett was able to sell 50% then i would imagine Dubai would have bought that a while since when they came back into buying the club but if you remember Hicks said he was using his power of veto.

[t1971]

The 'veto' is rumoured to be that if either owner wishes to sell their 50% share then they first must off the other owner 2% therefore meaning they would only have 48% to sell.

 

This would mean the other owner is therefore the majority owner and why no-one is willing to buy the shares at the moment.

 

Obviously the price probably doesn't help either.

 

This way it means that if either owner is so desperate to sell due to financial reasons then they can as long as they sell 2% first to the other owner.

 

If Gillett was able to sell 50% then i would imagine Dubai would have bought that a while since when they came back into buying the club but if you remember Hicks said he was using his power of veto.

 

hmm yeah i do remember that. crap.

[WaltonRed]

So to cut a very long story short, we are never ever ever going to get rid of this shower are we?

[coop]

From my very limited knowledge of LBO specialists they tend to buy a company/business cheap improve it then sell it on for a profit.

 

Hicks and Gillett will remain at the club until either someone comes in and offers them a huge profit (Gillett even admitted this himself in a recent interview) or they increase the value of the club as much as possible before selling up.

 

Gillett recently sold the Canadiens because he felt he had taken them as far as he could regards marketing/sponsorship etc so after milking them for as much as he could then sold them.

 

The interest is getting paid to the banks so why would they want to lose Liverpools business but even if they did they would be other banks quite happy to take Liverpool's money off them in interest payments.

 

Unless this Prince is getting some of his more senior family members involved then he doesnt have the wealth to buy Liverpool and is purely enjoying all the PR.

[WaltonRed]

So in short Coop yes we are fucked.

[shelts]

No he can't otherwise he would have already sold his half by now.

 

There is a little stumbling block called 'veto' which will stop Gillett getting rid of his share without selling 2% to Hicks.

 

Nobody actually knows if that veto was or still is in place. Rumours abound from other forums that meetings have been/are taking place between Hicks/Gillett and the Prince but until something happens we'll just have to wait and see.

 

Everytime one these stories creeps up in the press our hopes are raised only to see them dashed - I await with baited breath some positive news

[Mathewbet1]

Mirror's reporting that Gillets flying out to saudi this week to rubber stamp his 50 pc sale.

[navbasi]

Mirror's reporting that Gillets flying out to saudi this week to rubber stamp his 50 pc sale.

 

Have you got a link to this story?

[Scooby Dudek]

Story in the Mirror

 

 

Exclusive: George Gillett to sell half his stake in Liverpool to Arab investor

Published 23:00 07/10/09 By Alan Nixon

(4)Recommend (17)

 

Liverpool co-owner George Gillett is flying to Saudi Arabia next week for talks in a bid to sell his 50 per cent stake to Prince Faisal bin Fahd.

 

Gillett is due to arrive in the Middle East on Wednesday and is scheduled for a three-day stay to sort out the deal with the Prince's advisers and his financial company F6 Sports.

 

Prince Faisal has been at Anfield as a guest of Gillett and - despite the American's denials - a sale is top of the agenda to be done rather than just an investment.

 

Gillett can sell his half of the Kop and leave the Arabs to deal with his partner Tom Hicks if they want complete control – or they may prefer to work with the Texan.

 

The 70-year-old Gillett is so keen to sell up that he is going to travel to the Arab's territory to conclude the transaction - with sources in the Middle East convinced that this will happen.

 

Prince Faisal's investment company has allies in the banking world and they would look at Liverpool as a club to make their name - and with potential for development down the line.

 

The Arab is looking to become a major player and building a new Anfield would make the business world look up to him. He certainly has the cash behind him to fulfil the plans that the Americans gave up on.

 

There are no figures being released on what Gillett is looking to get for his share in Liverpool but it is anticipated that the deal will be good enough to get him out of his current hole.

 

Gillett has tried to appease the club's fans but he knows that his lack of funds leaves Liverpool's support frustrated - and puts a strain on their bid to stay as a top four force

[Carra_is_legend]

I heard Mirror is running a story about Gillett selling his stake. Can someone post the link or the artice?

[Malarkey]

I've got a really bad feeling that Gillett is just passing us on to another cowboy with a little bit more equity.

[Carradona]

I've got a really bad feeling that Gillett is just passing us on to another cowboy with a little bit more equity.

 

Yep, I am thinking the same as that too.

[Funkasy]

well it cant get worse can it ?

 

maybe there is something to this story, thats why he has been slating his partner and the manager in recent interviews.

[aws]

Is Nixon reliable?

 

 

 

 

 

 

 

 

 

*chuckles*

[Guest The Chimp]

The fact they (Gillett and Pursow) were flying off to Saudi is old news. I reckon (not any inside knowledge here) that it's a 2+2=5 story. And as someone has already mentioned, although I'd love half his money, this particular Sheikh isn't (comparatively) too wealthy.

[Malarkey]

Yep, I am thinking the same as that too.

 

Yeah. I think Gilletts had enough to be honest. He's 70, getting on, and he can't be arsed with the dogs abuse he's been getting. I'm happy to see the old twat walk out the door. And to be honest, I think it's worth the gamble. We're getting shafted by these two, no doubt. But I'd rather take the gamble on a new owner with the hope that he's going to help build a new stadium and be at least a little bit professional.

 

Oh, and a new top class player every summer, please.

 

But I somehow think that Faisal's entrance to our board will extend Hicks' stay at the club.

[navbasi]

Saudis consider Liverpool offer

 

Prince Faisal could bid for a major stake in Liverpool but has concerns about the club's debt and relationship between its owners, a key aide says.

 

Co-owner George Gillett will travel to Saudi Arabia on Tuesday to hold further talks with the Saudi Royal.

 

"His Highness's shareholding could go from anything from nought to 100%," Barry Didato told BBC Sport.

 

"But he cannot be seen as a solution to the debt or problems in the existing relationship between the owners."

 

The relationship between Gillett and his co-owner Tom Hicks has been strained for some time.

 

Each has a 50% stake in the Premier League club, yet neither can sell shares without the other's approval.

 

His Highness is not a marriage counsellor

 

Barry Didato

Head of strategic investments, F6

Prince Faisal, whose full name is Prince Faisal bin Fahd bin Abdullah al-Saud, has only been holding talks with Gillett so far.

 

And Didato - director of strategic investments for the Saudi prince's investment vehicle, F6 - said the pair had established a "chemistry and shared vision".

 

The fractious relationship between Liverpool's American co-owners is a concern, though.

 

"His Highness would not want to get involved in (the problems between the pair), he is not a marriage counsellor," Didato said.

 

He added that the Saudis has concerns about the high debt levels at the club.

 

"The debt has to be at a manageable level before Prince Faisal would invest and the current level is high," he said.

 

"He cannot be looked to as someone who is going to clean up the balance sheet - Gillett has to deal with this."

 

Didato said Prince Faisal was flexible about how big a stake he might take at Anfield.

 

"His Highness does not need to be a majority shareholder and a takeover has not been his focus," he said.

 

Last week Hicks and Gillett issued a statement in response to reports that Prince Faisal was ready to bid for a 50% stake in Liverpool.

 

The duo admitted they were looking to attract new investment to the club but added: "The process is at an early stage, there is no agreement with any party and reports to the contrary are wholly inaccurate."

 

F6 has already signed a memorandum of understanding with Liverpool which will lead to the creation of football academies in North Africa and the Middle East and the deal also covered the possible establishment of a Nascar franchise in the area.

 

Didato insisted Prince Faisal's involvement with Liverpool would only be a good thing for the club and its fans.

 

"His Highness is an extraordinary man who is passionate about football," he said. "He has a tremendous respect for Liverpool and their fan base.

 

"He only wants what is best for them and is one of those rare breeds of investor who is in it for the long haul."

 

BBC SPORT | Football | My Club | L | Liverpool | Saudis consider Liverpool offer

[hamstrung]

This guy already talks too much.

[Fowlers God]

Yeah he can talk as much as he likes as long as its not lies

[Lucky Pierre]

He looks cool.

[jackofdk]

Barry Didato - the least credible name ever.

[Thants]

A fresh Prince of Hot Air

 

 

No that desn't work.

[Carra_is_legend]

This guy already talks too much.

 

Aye.

 

What we need is someone who doesn't talk at all....like...errr....the die hard red Mr. Moores.

[hamstrung]

There's a happy medium, I imagine.