First round of bids for LFC

[adidas samba]

If the rumours are true about the 15th july then its 4 days and counting,the chairman said the club will be sold by the end of the summer transfer window(massive statement to make) cant believe for one minute somebody somewhere is that good at holding info.Really cant believe the media havent got a snippet from someone too,so will the rumours cometrue on thursday i doubt it very much but hey ho lets wait and see eh.

[coop]

If the rumours are true about the 15th july then its 4 days and counting,the chairman said the club will be sold by the end of the summer transfer window(massive statement to make) cant believe for one minute somebody somewhere is that good at holding info.Really cant believe the media havent got a snippet from someone too,so will the rumours cometrue on thursday i doubt it very much but hey ho lets wait and see eh.

 

The Jluy 15th date was obviously bollocks.

 

What that date may well have been is for the initial non binding bids to be made but as the information was leaked it was then turned into when the club was to be sold.

[paddyberger15]

The interested parties will have been given the sales document given to them from BarCap.

 

They will then be expected to give some sort of non-binding bid to the club based on that sales document.

 

If their bid appears satisfactory then they will be invited through to the next phase of the auction where they will be able to do a complete due dilligence and hopefully then a binding bid will be forthcoming.

 

I prefer the Forum style bidding to be honest Coop. It's mine at 26 nicker so far.

[Guest Numero Veinticinco]

I prefer the Forum style bidding to be honest Coop. It's mine at 26 nicker so far.

 

ONE TRILLION DOLLARS!

[paddyberger15]

ONE TRILLION DOLLARS!

 

Fuck. I've folded.

[Chinandeler Bong]

ONE TRILLION DOLLARS!

 

ONE TRILLION AND ONE DOLLARS

[Guest PurpleNose]

ONE ZILLION.

 

The club is mine.

[coop]

Im bidding a never ending gobstopper so your all fucked.

[paddyberger15]

Im bidding a never ending gobstopper so your all fucked.

 

Cunningly fiendish master criminal.

[Albertini]

The interested parties will have been given the sales document given to them from BarCap.

 

They will then be expected to give some sort of non-binding bid to the club based on that sales document.

 

If their bid appears satisfactory then they will be invited through to the next phase of the auction where they will be able to do a complete due dilligence and hopefully then a binding bid will be forthcoming.

 

Sure but i am saying that a significant amount of work will have been done already as it is not feasible to allow, possibly several bidders to all turn up with their accountants and perform a full due diligence all at once.

 

It all depends what was in that information memorandum but from Broughton's comments about the possibility of a sale by the end of August that would not give anyone successful in the first stage, over the next few weeks, enough time to perform a full due diligence from scratch.

 

I could be wrong but i believe that diligence will have been done and they will (the accountants) field questions from any bidders about the diligence done.

 

From talking to people involved in M&A's this seems to be the standard course of action when a large business is inviting bids from potential buyers.

[Chinandeler Bong]

ONE ZILLION.

 

The club is mine.

 

£999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999p

[Albertini]

If the rumours are true about the 15th july then its 4 days and counting,the chairman said the club will be sold by the end of the summer transfer window(massive statement to make) cant believe for one minute somebody somewhere is that good at holding info.Really cant believe the media havent got a snippet from someone too,so will the rumours cometrue on thursday i doubt it very much but hey ho lets wait and see eh.

 

Read the post before yours.

 

Then read Brougthon's comments.

 

Then read the article from today's Sunday Times.

 

Then think again about coming on and spouting shite.

[coop]

Sure but i am saying that a significant amount of work will have been done already as it is not feasible to allow, possibly several bidders to all turn up with their accountants and perform a full due diligence all at once.

 

It all depends what was in that information memorandum but from Broughton's comments about the possibility of a sale by the end of August that would not give anyone successful in the first stage, over the next few weeks, enough time to perform a full due diligence from scratch.

 

I could be wrong but i believe that diligence will have been done and they will (the accountants) field questions from any bidders about the diligence done.

 

From talking to people involved in M&A's this seems to be the standard course of action when a large business is inviting bids from potential buyers.

 

Quite possible mate.

 

I personally don't think it will be as high as several and only maybe four potential owners will go onto the next phase where like you say an independant auditor will commence due dilligence on their behalf where they will then give their report to the interested parties.

 

Like you say it would be crazy to have so many people all looking through the books at the same time.

[Chinandeler Bong]

Read the post before yours.

 

Then read Brougthon's comments.

 

Then read the quotes from today's Sunday Times.

 

Then think again about coming on and spouting shite.

 

Where are the quotes from the ST please mate ?

[coop]

Times article

 

Lenders up pressure on Liverpool Owners

 

The American owners of Liverpool FC are under pressure to relinquish control of the Premier League club to a new investor by the end of the summer. RBS which is owed about 350m by Kop Holdings is losing patience with attempts to find a buyer for the Merseyside club and could take control of the process.

 

The Sunday Times has discovered that a clause in the loan documents allows RBS to call in a substantial amount of the money owed in October. The move would trigger a default on the debt by the club.

 

Control of the club would pass to the bank which is majority owned by British taxpayers. The American owners Tom Hicks and George Gillett were due to repay the debts in March but were given an extension of a year in return for agreeing to sell up.

 

RBS wants to continue its financial relationship with Liverpool but it wants Martin Broughton, the chairman, to find a new owner quickly.

Pre tax losses jumped 17% last year to 54m, taking losses over the last two seasons to 95m. Annual interest payments rose to 40m.

 

Although the bank has no desire to own one of Britain's best supported and most successful football clubs, it is not afraid temporarily to take control of the sale process. RBS are considering using the October date as a final deadline for the Americans to sell up.

[Guest PurpleNose]

£999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999p

 

Thats more than a bajillion. I've only got a bajillion. Oh fuck off.

[Chinandeler Bong]

Hopefully that news about RBS will play a factor in keeping the big names at the club if they know the club has to be sold by then. Although I dont hesitate that Hicks will try and make it as hard as possible for RBS.

[Chinandeler Bong]

Thats more than a bajillion. I've only got a bajillion. Oh fuck off.

 

Thats alright you can have a 20% stake but I get to make all the big decisions like what pictures to have at Melwood and all that.

[paddyberger15]

Thats more than a bajillion. I've only got a bajillion. Oh fuck off.

 

Still doesn't beat an everlasting Gobstopper. Coop wins.

[Guest Numero Veinticinco]

£999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999,999p

 

[Albertini]

Where are the quotes from the ST please mate ?

 

i did post the article on page 2 but i think Coop has also posted it on page 3.

 

Sorry i didn't mean to say quotes as there was no direct quotes. I meant the article itself.

 

Seems like the email campaign has worked (but must carry on) with RBS.

 

That article ties in with what was being discussed on the Brougthon thread last week about RBS holding the aces and Hicks not in control of the sale.

[James]

 

Hahaha. Rep when I can. Must spread first.

[Guest PurpleNose]

Thats alright you can have a 20% stake but I get to make all the big decisions like what pictures to have at Melwood and all that.

 

Deal. Can I keep El Zhar?

[Kopite Pete]

Does anyone feel this could end up in the courts?

[Albertini]

Does anyone feel this could end up in the courts?

 

In what way?