Rhone group in talks over 100mil takeover.

[James Dean]

So, who's feeding this to the NOTW?

 

[coop]

Wasn't Rhone along with Muse the ones with Hicks that tried to destroy the Corinthians.

[Sarb24]

More bascombe bollocks?

[Sarb24]

Wasn't Rhone along with Muse the ones with Hicks that tried to destroy the Corinthians.

 

I think we'll have no club left soon

[Trucker Paddy]

Of course this timely news couldn't possibly be an attempt to deflect all the publicity of SOS billboard' date=' and Simon's email campaigns could it ?[/quote']

 

.

Edited March 13, 2010 by Trucker Paddy

[PaulMcC]

Wasn't Rhone along with Muse the ones with Hicks that tried to destroy the Corinthians.

 

If it is, we need to protest to tell them we don't want them.

[southern scouse]

Coop

 

Yep, the very same connections (Hicks & Muse from Hicks,Muse and Tate) who was in with Hicks at Corinthians

[Maldini]

How were Rhone involved with Corinthians?

[Dan Vito Corleone]

Out of the frying pan, into the fire. We're fucked.

[PaulMcC]

Doesn't look like they were involved.

 

 

---

 

It seems Tom Hicks leaves a trail of devastation wherever he goes. His disastrous foray into the Brazilian football market as chairman of Hicks, Muse, Tate & Furst left Corinthians, second most popular club in Brazil, in a state of turmoil.

 

The parallels between what happened to Corinthians and what is currently happening at Liverpool are unsettling to say the least:

 

* There was the initial blaze of publicity and fanfare when the company bought the club in 1999, with promises of big spending on the best players and the construction of a brand new 45,000 seater stadium in the suburbs of Sao Paulo.

 

* There was an initial capital investment to tie down existing players and to finance the purchase one or two other additional players.

 

* The economics behind the Corinthians deal appeared to be based on ridiculously rudimentary logic: "If you add up all the fans of professional baseball, basketball, football and hockey in the United States, that number is lower than the number of Brazilians who are soccer fans." Clearly, no proper risk analysis had been undertaken - a situation which resonates with the due diligence period of 3 days prior to the purchase of Liverpool.

 

* This flimsy approach was reinforced by the apparently rash and impulsive purchase of Cruzeiro six months later - traits which Liverpool fans are rapidly coming to associate with Hicks.

 

* There was also the emphasis on the cheaper "young players", with the following quote from the (unfortunately named) Richard Law, president of Hicks' subsidiary group: "Our job is not to turn back the inevitable, but to build Corinthians and Cruzeiro up from the junior ranks." Hicks followed a similar tack following the takeover of Liverpool: "You need to keep your star players but also develop your young players. Young players are the lifeblood of your team, so we talked about how we can improve that side of the team."

 

Corinthians had already won the Brazilian championship in 1998 so Hicks inherited a winning team. The initial expenditure assisted in retaining the league title in Dec 1999 and the club also won the inaugural FIFA Club World Championship the following month.

 

This is where things started to go wrong.

 

Unable to resist the temptation to make a quick buck, HICKS BEGAN SELLING TRANSFER RIGHTS TO THE CLUB'S STAR PLAYERS. On top of that, he decided on the bizarre idea of changing the traditional colour of the club's shirt. He also introduced sponsorship (something which Corinthians fans felt defiled their heritage).

 

All of these things led to a furious reaction from supporters and widespread protest against Hicks and his partners. The company bailed out three years later, ironically having accused its local partner in Brazil of "misappropriating funds" (read the UTIMCO post and you'll understand).

 

Corinthians began to spiral downwards. MSI took over the club's management but, despite a league title in 2005, the financial problems initiated by Hicks proved too much of a burden. The club was relegated to the second tier of Brazilian football for the first time in its history in December 2007.

 

THERE WAS NO NEW STADIUM. Hicks invested about five hundred million dollars and within two years filed for bankruptcy.

 

In a recent prospectus issued to financial companies in London, Hicks claims in to be "a master of purchasing and growing professional sports teams".

 

Liverpool fans, Texas Rangers fans and Corinthians fans might disagree.

 

Liverpool Fans Against Hicks

 

Article Source: Anfield Paul - EzineArticles.com Expert Author Bio

[southern scouse]

How were Rhone involved with Corinthians?

 

Dont think Rhone were involved, but whats not reported on SSN is that there are suggestions of two equity partners, the second being Muse, from Hicks Muse & Tate, who was involved at Corinthians.

[Timão]

Of course this timely news couldn't possibly be an attempt to deflect all the publicity of SOS billboard' date=' and Simon's email campaigns could it ?[/quote']

 

You cynic!!;)

[coop]

Dont think Rhone were involved, but whats not reported on SSN is that there are suggestions of two equity partners, the second being Muse, from Hicks Muse & Tate, who was involved at Corinthians.

 

Thats the rumour doing the rounds.

 

I wonder if its Muse 20%, Rhone 20% Hicks and Gillett 30% each.

[Section_31]

Dire news.

 

This could be the finishing touch for LFC.

[PaulMcC]

Thats the rumour doing the rounds.

 

I wonder if its Muse 20%, Rhone 20% Hicks and Gillett 30% each.

 

Fucking hell.

 

We'd seriously be fucked for a long time. They'd do fuck all but take profits until we are no longer a club that makes a profit, then they'll sell.

[StevieH]

Thats the rumour doing the rounds.

 

I wonder if its Muse 20%, Rhone 20% Hicks and Gillett 30% each.

 

I don't like the sound of that at all.

[Flying Pig]

So, just let me clarify. A bunch of lads/girls on an internet can easily find details of Hicks's continuous financial destruction of famous football teams leading to relegation.

 

Can someone please tell me why fucking David 'greedy prick' Moores couldn't have done this before taking the extra £8 million*, instead of taking the DIC offer?

 

 

Moores, has everything to answer. The Cunt.

 

 

*obviously answer, I suppose.

[Soup]

I reckon its more PR bullshit from the 2 cunts. Dougie Do'ins hit the nail on the head in his post.

[Section_31]

So, just let me clarify. A bunch of lads/girls on an internet can easily find details of Hicks's continuous financial destruction of famous football teams leading to relegation.

 

Can someone please tell me why fucking David 'greedy prick' Moores couldn't have done this before taking the extra £8 million*, instead of taking the DIC offer?

 

 

Moores, has everything to answer. The Cunt.

 

 

*obviously answer, I suppose.

 

Even Doug Ellis told Gillett to get fucked, and he was dead at the time.

[southern scouse]

Thats the rumour doing the rounds.

 

I wonder if its Muse 20%, Rhone 20% Hicks and Gillett 30% each.

 

Could be, cant see them giving up majority with those names involved and could be their back up plan if we fail to get CL, EC spot.

 

Might just be their way of getting back at CP for the SOS mins, PR spin to put the fear of god into him and fans. CP really needs to deliver.

 

IF true, they are all LBO merchants, so not good news.

 

If it was PR against the emails, surely they would have spun better and more credible names than Rhone & Muse to deflect attention...................

Edited March 13, 2010 by southern scouse

[Strontium]

So what is there to know about the two main men in this group, Robert F. Agostinelli and M. Steven Langman.

 

 

Their names are anagrams of "Flattering Roob Lies" and "Mangles Man Vent"

[redfromtubebar]

Very worrying news if true.

[Delmar]

Why worry, it's clear from what's been posted here recently that the priority is for the manager to go. The owners are just laughing, getting their pals in to the feast, as they have seen how divided and easily distracted the "LFC supporters" really are. Easy money, why not take advantage...

[a stoner]

Sadly if this is true we could end up in the same state as Portsmouth.

God I hope it bollocks.

[coop]

Might just be their way of getting back at CP for the SOS mins, PR spin to put the fear of god into him and fans. CP really needs to deliver.

 

IF true, they are all LBO merchants, so not good news.

 

The whole club is a political mess and it could well not be aimed at Purslow but more aimed at other investors who are waiting for the clubs final league position to be known before making their bid.

 

If there is truth about this then its bad news that these would be involved.