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Kenny Huang linked to Liverpool takeover


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Guest Numero Veinticinco
he has called most of the forum strap-ons, if thats a help.

 

So you're saying he's reliable, yeah?

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Does Durango know anyone useful then?

 

Anyone know?

 

If anyone knew anything, they would have been told in confidence by the few peopla that know. They would also keep quiet, as talking about it here, or any other web-site, would be counterproductive to the sale process, and would most likely lead to sources drying up.

 

So, we get rumors. Helps pass time.

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RBS lines up Liverpool FC takeover - The Economy News - Economic news and for the retail investment community

 

The RBS position will put added pressure on a Liverpool FC management team that are already looking for a credible buyer.

 

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RBS (LON:RBS) - the prime lender to Liverpool FC - is reportedly preparing to take control of the club in the absence of a new buyer.

 

RBS is owed £237m which is due for repayment on October the 6th.

 

The RBS position will put added pressure on a Liverpool FC management team that are already looking for a credible buyer.

 

The Telegraph reports this morning that Liverpool will spend the coming days conducting forensic investigations into the financing of the handful of "formal bids" submitted by contenders to buy the club.

 

Managing director Christian Purslo says that several formal offers to complete a takeover at the club had been received by last Thursday.

 

"We have a number of bids for the club and the board is going to take its time to examine those extremely carefully," Purslow said.

 

"Our number one priority is to make sure we know what we would be getting into with any new owner. We take that deadly seriously.

 

"To know who they are, where the money is coming from, what their plans are and to establish that there is a real commitment for a very long-term stable and secure financial position for the club. Second to that priority – and it's a very close second – is to sell the club as soon as possible."

 

One thing is for certain though, and that is an end to the three-year tenure of owners Tom Hicks and George Gillett is nigh.

 

The Americans, who were not present at the board meeting held in London to assess the offers submitted, are believed to have attempted to refinance the £237 million of bank debt held with the RBS with a number of other banks as recently as June, though they were blocked by a legal challenge from their own board.

 

Hicks and Gillett retain a 100 per cent shareholding in the club but ceded management control to the Liverpool board as a condition of their last refinancing deal with RBS in April, after rejecting an offer to take a 40 per cent stake in the club from the New York-based private equity firm the Rhone Group.

 

 

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love this bit:

 

One thing is for certain though, and that is an end to the three-year tenure of owners Tom Hicks and George Gillett is nigh.

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All this bank talk is strange timing, if anything it undermines Broughton more than the yanks as it makes potential bidders aware of the fact the noose is getting tighter. Maybe Broughton really does give a shit at the quality of a potential buyer and the bank doesn't, so is trying to force his hand.

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