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Kenny Huang linked to Liverpool takeover

Wor Horse

By Wor Horse,
in FF - Football Forum

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Guest Numero Veinticinco

Guest Numero Veinticinco

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Even there would be a slightest chance we'd get an owner like City who has all the money in the world, which we won't, we wouldn't be like City because we are already the biggest club in England.

 

Yeah, we've already achieved success, so that makes the inevitable claims of 'you bought success' a little weak.

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Wor Horse Grand Master

Wor Horse

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I may be wrong but wouldn't this be the best time for SOS to be at their most vocal? We've got a 'in' so to speak, surely they could rank up the pressure for RBS to do all they can to accept an offer.

 

The silence is deafening at the moment.

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4mins 33secs Rookie

4mins 33secs

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I dont know. It just seems a bit coincidental that this is leaked just as we are trying to keep hold of our prized assetts (stevie and nando). is this just a ploy to keep them at anfield late into the transfer window leaving no time for them to move on, then when the window shuts this story just dissapears ?

I may be a cynical old git, but weve had our hopes raised many times in the last few years only for them to be dashed.

Dont hold you breath people, those cancerous cunts may be around for a while yet.

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Evil_Ways Mentor

Evil_Ways

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I dont know. It just seems a bit coincidental that this is leaked just as we are trying to keep hold of our prized assetts (stevie and nando). is this just a ploy to keep them at anfield late into the transfer window leaving no time for them to move on, then when the window shuts this story just dissapears ?

I may be a cynical old git, but weve had our hopes raised many times in the last few years only for them to be dashed.

Dont hold you breath people, those cancerous cunts may be around for a while yet.

 

Didnt RBS confirm the talks ?

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Kennys_spell Experienced

Kennys_spell

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So looks like this story is true.

 

Heres the likely Scenario

 

We pressure RBS, RBS call in what G&H owe

 

Our good players are immediately put on the transfer list.

 

The True players that love LFC like they say they do will stay.

 

Is there a way of getting a message to the players?

Maybe someone who knows a certain big player. If one player Such as Stevie or Carra had a discussion with the rest told them what is likely to happen and to refuse to move. Im sure they would. If this is all try i think Masch will stay.

 

Can't see that scenario playing out - if they TRY to do that it is a declaration of desperation and people like Broughton, Purslow and Ayre will surely see what side their bread is buttered on and vote against them in the sale of the players. Obviously the players would be made aware of the situation and would in all likelyhood not agree to a transfer. that would make the Leeches look even more stupid.

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Marko121 Proficient

Marko121

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BBC Sport - Football - Liverpool consider 'several' takeover bids

 

Chinese businessman Kenny Huang is one of "several" potential buyers to submit a bid to Liverpool chairman Martin Broughton, BBC Sport understands.

 

Huang, who is the head of Hong Kong-based investment company QSL Sports Ltd, values the club at about £350m.

 

But it is understood that as many as six bids were submitted last week.

 

Broughton and investment bank Barclays Capital, who are leading the sale, will elect a preferred bidder by the end of next week.

 

Huang has been talking for several weeks to representatives of the Royal Bank of Scotland, with the aim of taking full control of the Reds, who have been up for sale since April this year.

 

Liverpool's main creditor, RBS is owed about £237m by American co-owners Tom Hicks and George Gillett.

 

While RBS has told the BBC it is not negotiating directly with Huang, it is understood he is mounting a credible bid.

 

Huang is offering to clear Liverpool's debt to RBS, and give new manager Roy Hodgson funds to do business in the transfer window.

 

However, he wants the deal to be completed within two weeks to allow Hodgson time to strengthen the squad before the transfer deadline at the end of August. Any later and the deal is off.

 

 

Huang is offering to clear Liverpool's debt to RBS

The tycoon also plans to allocate funds that will allow the club to build a new stadium as soon as possible.

 

Huang is a well-known figure in the Chinese sporting industry and particularly influential in basketball and baseball.

 

His QSL Sports Ltd company is a partner of America's Cleveland Cavaliers basketball team and he is also involved with the New York Yankees baseball outfit.

 

In 1988, he became the first Chinese college graduate from mainland China to work at the New York Stock Exchange.

 

Huang was reported to have turned down the chance to buy Liverpool in 2008 because he felt a valuation of £650m was too high.

 

Hicks and Gillett bought the Reds in February 2007 in a deal that valued the club at £218.9m - £44.8m of which was club debts.

 

But the American duo have endured a difficult time at Anfield, with supporters regularly voicing their dissatisfaction at the level of debt taken on by the club after their buyout.

 

Last October, several hundred Liverpool fans staged a protest march against the owners ahead of their Premier League match against Manchester United.

 

The board's popularity with the fans disintegrated further when Hicks' son, Tom Hicks Jr, became embroiled in a row with a supporter who alleged the American had sent him abusive emails.

 

As a result, Hicks Jr resigned as a director of the club and parent company Kop Holdings, leading to a restructure of the board.

 

606: DEBATE

I just want this to be sorted out soon, so Roy can get a decent budget to buy players before the close of the window

 

LFCfan128

Gillett and Hicks have also endured a fractious relationship with each other, which early on in their reign threatened to undermine their ownership with the former revealing the partnership had become "unworkable".

 

In 2008, Hicks blocked Gillett's moves to sell his 50% share to Dubai International Capital group as the pair feuded over future plans for the club.

 

An outright £500m takeover bid by the DIC group was also rebuffed, with Hicks hinting he would attempt an outright takeover bid of his own.

 

They subsequently patched up their differences but took the decision less than four months ago to put the club up for sale, insisting there had been numerous expressions of interest in a buyout.

 

British Airways boss Broughton was brought in as Liverpool chairman in April to facilitate the sale of the club and along with Hicks and Gillett is part of a five-man board at Liverpool that also includes chief executive Christian Purslow and commercial director Ian Ayre

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Wor Horse Grand Master

Wor Horse

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FAO any readers off bluemoon:

Manchester City are nothing. You never were anything and you never will be.

 

We're financially fucked but yet still bigger than you ever will be, you just keep buying your mercenaries while any decent player with class turns you down.

 

Silly little mongs. 18 League titles, 5 European cups xox

 

Signed A. Dipper.

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cole7 Contributor

cole7

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latest

Fernando Torres' Liverpool future hinges on quick sale of club• Kenny Huang makes Spanish striker pivotal to any bid

• Offer is 'one of several', claims chairman Martin Broughton

 

(2)Tweet this (9)Matt Scott guardian.co.uk, Monday 2 August 2010 20.38 BST Article history

Fernando Torres is considered central to the success of any investment Kenny Huang might make in Liverpool. Photograph: Peter Byrne/PA

 

Kenny Huang's bid for Liverpool is only one of "several" offers for the club, according to their chairman, Martin Broughton.

 

Huang has yet to enter formal due diligence, but talks are sufficiently advanced with other bidders for there to be the prospect of a takeover at Anfield before the closure of the transfer window on 31 August. That could have an effect on the future of the striker Fernando Torres, who returned to training at Melwood today.

 

"It still remains the objective to conclude a deal before the end of the transfer window," Broughton told the Guardian tonight. "That remains the objective but there are no deadlines, and we will continue working to complete the process."

 

Broughton conceded that 31 August is "a very important date" for fans and some Liverpool players. Torres is highly coveted – both Manchester City and Chelsea are reportedly on alert – but such is the Spaniard's stature that his departure would affect the valuation of the club in one bidder's case, at least.

 

The apparent existence of multiple bidders means that the club's US co-owners, George Gillett and Tom Hicks, could end up making a significant profit from their controversial three-year tenure at Anfield. However, the pair will not have the final say in who may take over.

 

"There could be a possible realisation of an equity consideration," Broughton said. "But both George Gillett and Tom Hicks remain on the board and they have given commitments that the board of Kop Holdings [Liverpool's UK parent] is the party that is responsible for the sale."

 

Gillett and Hicks are believed to have placed an US$800m (£504m) valuation on Liverpool, but sources close to the talks insist they will have to accept a much-reduced sum once any deal is concluded. With only a calendar month until the close of the transfer window, the completion of due diligence must come fast. Yet, as an indication of how far advanced talks are with the interested parties, no money has yet been transferred into an escrow account, which would be one of the final steps before a transaction can be finalised.

 

Huang, a China-born Wall Street financier, raised the prospect of a bid for Liverpool on behalf of a sovereign wealth fund belonging to what has been described only as a large country in east Asia.

 

There had been suggestions that Huang would seek to acquire the debt from Liverpool's principal lender, Royal Bank of Scotland, in an effort to gain financial control over the club. However, Broughton insisted that is not the case.

 

"Any bids that go straight to RBS – and there have been several – come to me and are directed to Barcap," Broughton said. "RBS are not involved. The control remains with the board."

 

The part-nationalised RBS bank retains confidence that Broughton and Barcap – the investment-banking division of Barclays bank, retained to conduct takeover negotiations – will be able to conclude a deal before the next refinancing deadline, in October.

 

Whether that will be with Huang is another matter. However, it is known that he wishes to expedite discussions.

 

"He wants to get it done quickly so investment can come this summer," a source close to his proposed bid claimed. "Liverpool need investment in the playing squad and infrastructure, and Huang wants to build the [new] stadium. The club has an outstanding reputation but does not have the infrastructure to keep with it and make it grow."

 

One thing is clear, however. Huang considers Torres's retention at Anfield to be central to the success of his investment in Liverpool. One member of his retinue said he views the Spaniard as a "talismanic" figure whose departure would alter his valuation of the club.

 

Torres has told friends he is committed to remaining a Liverpool player but reserves the right to quit if they are incapable of meeting his ambitions.

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Rafa_The_Gaffa Collaborator

Rafa_The_Gaffa

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FAO any readers off bluemoon:

Manchester City are nothing. You never were anything and you never will be.

 

We're financially fucked but yet still bigger than you ever will be, you just keep buying your mercenaries while any decent player with class turns you down.

 

Silly little mongs. 18 League titles, 5 European cups xox

 

Signed A. Dipper.

 

I'll second that one.

 

Btw, what happened to you city? you used to be cool.

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Eljeficito Enthusiast

Eljeficito

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Apparently RBS have now confirmed contact with Huang

 

Hicks Repsonds:

RBSHicks.jpg

Five minutes later:

RBSHicks2.jpg

 

Fucking Superb that! was disappointed that all 5 bids weren't pictured. I looked forward to a sheikh hicks inparticular. You would be repped if i knew were the fucking thing went. Kudos sir

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