Kenny Huang linked to Liverpool takeover

[StevieH]

I think I read an article earlier on the Echo/Daily Post website claiming that Huang would be releasing a statement and was due in the UK next week.

[Albertini]

Just to clarify as well regarding Red Nick's ongoing insistence about the club going into administration if RBS call in the loan.

 

I thought there was an example where a bank had taken over a club without putting it into administration but i couldn't remember who it was.

 

TTNBD over on Rawk jogged my memory about West Ham whose banks took over the club when that Mekon looking Icelandic dude owned it.

 

This led me to this article:

 

Icelandic banks complete takeover of West Ham | Football | guardian.co.uk

 

So there clear is evidence that banks can take over the running of a club without the need for administration, contrary to Nick's insistence.

[dave u]

If RBS does take over, every team in the league will be demanding a nine point penalty for us. That's not to say it will happen, as I haven't got a clue how any of that works, but I bet one almighty stink is kicked up over it if it comes to that.

[Albertini]

If RBS does take over, every team in the league will be demanding a nine point penalty for us. That's not to say it will happen, as I haven't got a clue how any of that works, but I bet one almighty stink is kicked up over it if it comes to that.

 

Well you'd think so but yet no one did over West Ham. I can't see any difference between our situation and theirs.

 

I think (and it's only my opinion) that it comes down to the terms and conditions in the original loan as to what powers are lost by the people defaulting and what is gained by the lenders.

 

This seems to fit in with the ongoing debate we've had about whether the owners can block a sale, the legal challenge on refinancing and what powers the board do have now.

Edited August 20, 2010 by Albertini

[Carra_is_legend]

If RBS does take over, every team in the league will be demanding a nine point penalty for us. That's not to say it will happen, as I haven't got a clue how any of that works, but I bet one almighty stink is kicked up over it if it comes to that.

 

Definitely. Although I doubt if United will start a fuss.

[BexBissel]

Bamba/Rawk -

 

"I don’t think I’m breaching the terms of my ASBO in telling you that Peter Kenyon is nowhere near Huang‘s group. Burly stopper Roger Kenyon has more chance of having a say."

[Albertini]

Definitely. Although I doubt if United will start a fuss.

 

Or West Ham.

[Chinandeler Bong]

Quote from: Bamba on Today at 03:31:18 PM

I don’t think I’m breaching the terms of my ASBO in telling you that Peter Kenyon is nowhere near Huang‘s group. Burly stopper Roger Kenyon has more chance of having a say

[Dan Vito Corleone]

shankslegend is usually reliable - for being totally wrong.

[Red Nick]

Just to clarify as well regarding Red Nick's ongoing insistence about the club going into administration if RBS call in the loan.

 

I thought there was an example where a bank had taken over a club without putting it into administration but i couldn't remember who it was.

 

TTNBD over on Rawk jogged my memory about West Ham whose banks took over the club when that Mekon looking Icelandic dude owned it.

 

This led me to this article:

 

Icelandic banks complete takeover of West Ham | Football | guardian.co.uk

 

So there clear is evidence that banks can take over the running of a club without the need for administration, contrary to Nick's insistence.

 

You dont get it and its so simple anything can be done with the consent of the shareholders and in the west ham instance that would work at RBS in exactly the same way if HIcks and Gillet agreed to it. If they dont it goes into administration and the administrator (in law) tries to get as much back or profit for the shareholders after he has taken his fees.

[Red Nick]

If RBS does take over, every team in the league will be demanding a nine point penalty for us. That's not to say it will happen, as I haven't got a clue how any of that works, but I bet one almighty stink is kicked up over it if it comes to that.

 

Nothing they can do if the owners allow the bank to swap debt for equity, the rules dont have any bearing on that at all.

 

wind a few people up however the idea that HIcks and Gillet would consent to such a move is highly unlikely IMO

[dave u]

Closing this thread now, as it's too big and people are having problems viewing it on iphones.

 

So, this is closed, and I'll start a new one in its place.