Kenny Huang linked to Liverpool takeover

[05 Milan]

Sack bamba

[waddy78]

Sack bamba

 

Dont think he's been on Rawk since Friday night

[Red Nick]

excuse me Nicholas, i'm not delusional. Apparently Tony Barrett said it. I haven't imagined anything.

 

Not having a dig at you at all at least your basing it on what TB said but there are a lot of people who have there heads in the clouds about the situation were in and ATK take on the situation is where were really at IMO

[Dougie Do'ins]

Dont think he's been on Rawk since Friday night

Could still be maintaining radio silence.

[StevieH]

Could still be maintaining radio silence.

 

Radio Ga Ga more like.

[zigackly]

Dont think he's been on Rawk since Friday night

 

[RedEagle]

Bamba is Barrett.

[Dougie Do'ins]

Bamba is Barrett.

I honestly don't think so.

[waddy78]

Not having a dig at you at all at least your basing it on what TB said but there are a lot of people who have there heads in the clouds about the situation were in and ATK take on the situation is where were really at IMO

 

I think i was one of those with their heads in clouds!! i was sure we were being taken over soon (mainly because of getting caught up with what the itk were saying) not saying its their fault Bamba was right alot of the time (meeting ect.) i think reading ATK post last night really fucked my head up it seems were a long long way from being bought out and the fact it appears no-one has proof of funds then its looking worse by the hours i'd take a nine point hit now just to fuck them 2 twats off with nothing they shouldn't make a penny out of what they've done here.

[Red Nick]

This will not hold true if RBS takes ownership of the club come Oct 6th - it would be a simple matter of Hicks & Gillet defaulting on the £237M debt and RBS taking control of the asset, i.e Liverpool F.C

 

This is something I am not completely sure of but from what I believe Kop Holiding ltd own LFC and has most of the debt placed on it and there is a small amount of debt on LFC now if this is correct LFC may not have to be put into administration just Kop Holdings Ltd

 

If anyone know the exact structure of the debt it would be good to know

 

So maybe something positive however in the Coca Cola they have deemed holding companies going into administration as the same thing as the club going in directly but maybe it would be different in the PL

[zigackly]

Bamba is Barrett.

 

Nope.

 

Profile of Rome 84

[BatChainPuller]

I'm excited now the bloke from the Greek Yellow Pages has thrown his hat into the ring - it was only a matter of time before the big players showed their hand.

[The Acolyte]

Does anybody have any further news about what SSN was saying about a NOTW artilce earlier this morning.

Something about the boardroom going to war with C&A due to them being (surprise surprise) cunts.

[Kopite Pete]

Does anybody have any further news about what SSN was saying about a NOTW artilce earlier this morning.

Something about the boardroom going to war with C&A due to them being (surprise surprise) cunts.

 

The yanks are looking to refinance. The board blocked it. Who is going to lend G&H 300m?

[zigackly]

Does anybody have any further news about what SSN was saying about a NOTW artilce earlier this morning.

Something about the boardroom going to war with C&A due to them being (surprise surprise) cunts.

 

I can't decide whether this is incredibly lazy and deserving of a neg or subtly ironic and thus reppable.

[The Acolyte]

I can't decide whether this is incredibly lazy and deserving of a neg or subtly ironic and thus reppable.

 

A Bit of both.

Only caught the end of it on SSN.

Kind of guessed what the rest of the board were not happy about but didn't see any articles on here.

Sorry

 

As you were!

[zigackly]

I've taken pity on you and clicked back through the thread myself. You're not getting any green though! Just consider yourself lucky I'm feeling magnanimous.

 

By Chris Bascombe

 

GREEDY Liverpool co-owners Tom Hicks and George Gillett have made a desperate bid to cling on to power at Anfield.

 

Despite announcing the club was up for sale in April, and the recent flurry of Chinese and Syrian takeover interest, the Americans have been plotting to STAY in charge.

 

But their plans were blocked after a legal challenge from their own board.

 

Liverpool fans turning up for today's season opener with Arsenal are hoping their reviled co-owners are on the verge of selling up.

 

But Sport of the World can reveal the pair have been trying to refinance their massive debts.

 

During the summer, they asked Barclays Capital and FBR Capital Bank to approach several investment banks to renegotiate £290million of debt.

 

If successful, this would have freed the co-owners of their arrangement with the Royal Bank of Scotland and Wells Fargo which ends in October.

 

And most worryingly for fans, it would buy the Americans time to seek a higher price for the club at a later date.

 

Refinance negotiations were suspended on June 30 when the rest of the club's board demanded a review of the proposals. Chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre have made it clear that a sale of the club, not another refinancing agreement, is in the best interests of Liverpool FC.

 

They asked international law firm Slaughter and May whether the wishes of the club's owners could be opposed. The lawyers advised in favour of the board, blocking Hicks and Gillett's plans. Barclays Capital say no such proposals will be considered again, but it's clear the Americans are not walking away from Anfield without a fight.

 

They've made it known they're exploring more legal channels to challenge their board's right to have the final say on the club's future. The Americans' refinancing ambitions seriously undermine recent claims they have been in 'advanced takeover talks' with Syrian Yahya Kirdi for several months.

 

It also directly contradicts the statement the pair released on April 16, announcing a sale of the club was top of the agenda. They said: "Having grown the club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development."

 

However, this statement disguised the owners' immediate intention.

 

Hicks and Gillett know if they can refinance and stay at the helm beyond their RBS debt repayment deadline on October 6, they can undermine BarCap's sale process. Refinancing offers a slim chance they can attract a higher bid for their shares later on.

 

Their board's opposition ensured the co-owners failed in their initial efforts to refinance by their first deadline of July 15. That triggered the potentially catastrophic £2.5m a week penalty charges that we revealed last Sunday.

 

Their failure to meet a second debt repayment deadline today means they will be hit with another £7.5m charge. A third charge of £7.5m kicks in on August 31 and by the end of this month, the Americans' debt will have risen to an astonishing £282.4m.

 

If they can't pay, there is a real possibility of the RBS taking control of the club, with Liverpool FC being forced into administration and being hit with a nine-point penalty.

[The Acolyte]

I've taken pity on you and clicked back through the thread myself. You're not getting any green though! Just consider yourself lucky I'm feeling magnanimous.

 

Cheers for that Zigackly.

Wish I hadn't asked now.

Was about to surf for some porn but my enthusiasm just died on its arse.

Somebody please invent a word to describe these guys as cunts is just to mild!

 

Came across this as well.

 

Liverpool owners Hicks and Gillett in no hurry to quit Anfield | Mail Online

 

Liverpool owners Hicks and

Gillett in no hurry to quit Anfield

By Joe Bernstein Last updated at 7:36 PM on 14th August 2010

Comments (0) Add to My Stories The absence of any prospective buyers in the Liverpool directors' box this afternoon raises the prospect of the club's unpopular owners Tom Hicks and George Gillett remaining in place for the season.

A club statement released on Friday talking of 'proposed bids' rather than actual bids signalled increasing pessimism that the club will not be sold by October, when the Americans are due to repay £237million in loans to the Royal Bank of Scotland.

Grounds for concern: Fans had hoped for a quick sale

So far, speculation about interest from four different parties, including Syrian businessman Yahya Kirdi and Chinese investor Kenny Huang, has amounted to nothing.

Significantly, none of the proposals met chairman Martin Broughton's or managing director Christian Purslow's insistence that new owners have to deliver investment on players and a new stadium.

None of the groups linked with a takeover have asked to attend the opening game against Arsenal at Anfield, and Hicks and Gillett are believed to both be in America this weekend.

The RBS may have to renegotiate Hicks' and Gillett's loans in October if the club is not sold. The only alternative would be to take over the club if the debt is not paid, which would be highly unpopular if it led to a points deduction for the club.

A statement released on the club's official website tried to lower expectations of a quick sale. It read: 'The Liverpool FC board has reviewed a number of proposed bids for the club. The board will continue to act in the best interests of Liverpool Football Club and its supporters, doing all that it can to ensure that the club is ultimately sold to a buyer who has the resources and real commitment to give it a long-term, stable and secure funding position for its plans.

'The sale process is continuing. However, its timing and outcome remain uncertain.'

 

 

 

Read more: Liverpool owners Hicks and Gillett in no hurry to quit Anfield | Mail Online

 

RBS are still scared of a fan backlash.

SOS, anybody have to make a formal statement saying the fans are more than willing to take a 9 point deduction just to see the back of these blood sucking sister fuckers!

Surely no bank on the planet would finance these guys with their track record.

I know banks are desperate for business but there's got to be a line you just don't cross.

[The Acolyte]

Whatsmore if what Bascombe has said is accurate the Kirdi bid can now be completely disregarded as he's obviously been working for them from the begining, even the most ignorant of fans should see that now.

Even if he wasn't involved and they have been stringing him along from the start he has been made to look a mug and should do the decent thing and withdraw, not without throwing a few insults in their direction. By going behind the backs of their own boardroom they have shown they have even less regard for them then they have for the club and its fans. Utter utter scum.

[Red Phoenix]

RBS are still scared of a fan backlash.

 

Scared of no longer being able to leech off us more like, the set of cunts. Hester is a fucking vampire.

[StevieH]

I see that Mr Scudamore was sat next to Martin Broughton in the Directors box this afternoon.

[King Emlyn]

The yanks are looking to refinance. The board blocked it. Who is going to lend G&H 300m?

Paydayloans?

[ChunkyMonkey]

"QuickQuid is committed to responsible lending. Short-term loans should not be used as a long-term financial solution."

 

Nobody told C&A.

[Redexile]

Got off at Edge Hill ?

If he's not local he won't have a clue what that's about.

[Tepid water]

I wish I knew what the fuck was going on with the sales process.

 

It's so complex and mysterious that no-one really seems to have a clue. I fear bankruptcy or administration but I hope to god something good happens to this great club for once.