Kenny Huang linked to Liverpool takeover

[Wor Horse]

Something is close in my opinion.

 

Barrett is in the know, clearly, he's a sound fella obviously so I doubt he'd let the Times run with a WHOLE front page of a picture of the Kop and the title headline CHINA SET TO BUY LIVERPOOL if there wasn't something going on....

 

[1892-LFCWasBorn]

 

The bestest front page ever.

 

I'll be buying the Times tomorrow and framing that beauty hopefully when it goes through.

 

Am guessing here (not in the know) that this will be wrapped up quickly.

 

*crosses fingers and toes*

[Unrighteous]

Big Trouble in Little China is on Film4, an omen.

 

It's all in the reflexes.

[Thants]

Big Trouble in Little China is on Film4, an omen.

 

And I mentioned BTiLC in the pub at around 12 tonight in a conversation regarding acid. Spooky.

[Wor Horse]

Tell ya though, be a good day to be a red the day we finally get rid of the Yanks.

 

I'm going to party for days.

[Stu Monty]

I'm sure Shankly would be proud to see LFC in the hands of people who manage to repress their people so well that labour unions virtually don't exist.

 

I'm not comfortable with this at all and I've got a feeling that the sea of moral cowards, that will be too busy wanking themselves silly over the sniff of a trophy to consider the human rights abuses in China, will push me to be even less comfortable with it. As will throwing money about like the other classless cunts that play in shades of blue.

[Thants]

Having not read up on this potential owner, is he actually backed by the government?

[fowler9]

hopefully its happening

 

but c'mon Roy if its true forget about Poulson, De Rossi will do instead!

 

We wouldn't be ruining football as the rivals will say in comparison to Chelsea and City, at least we only need a couple of players

[1892-LFCWasBorn]

Tell ya though, be a good day to be a red the day we finally get rid of the Yanks.

 

I'm going to party for days.

 

Days? I'll be partying for fucking months.

 

These two cunts have made me fall out of love with my club and football in general.

 

I will be celebrating when they fucking die as well.

 

Cunts.

[melbred]

China fund raises finance to match Liverpool asking price

• China Investment Fund sold shares worth �351.4m

• Sum is equivalent to Anfield club's debt

 

Matt Scott

The Guardian, Thursday 5 August 2010

 

The Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger that the China Investment Corporation, the sovereign wealth fund to the world's most populous nation, is the organisation being fronted by Huang, who yesterday admitted interest in bidding for Liverpool.

 

In a series of trades since 19 July, CIC has sold $558m of shares in Morgan Stanley, equating to �351.4m. That sum is equivalent to Liverpool's debt to the nearest decimal place, and is exactly the number insiders say has been quoted to interested parties as the sale price.

 

China Daily, the English-language arm of the Chinese state media, reported yesterday: "China Investment Corp, the Chinese sovereign wealth fund that bought a 9.9% stake in Morgan Stanley in 2007, sold $90.5m of shares in the investment bank on 30 July, bringing the total amount divested in the last two weeks to about $558m."

 

Although sovereign wealth funds have enormous values of assets under management, cash is generally tied up in equity and bond markets. This requires liquidation by share sales before major new investments can be made. It is therefore hugely significant that the �351.4m number is also equivalent to Liverpool's debt, suggesting that CIC is shifting its assets ahead of an offer for the five-times European Cup winners.

 

It also indicates that despite the ambitions of the Anfield club's chairman, Martin Broughton, to generate a return for Tom Hicks and George Gillett, China is refusing to reward them for their three-and-a half-year ownership of the club. The Americans' capacity to dictate terms is further reduced by the fact that there are few other credible bidders preparing to compete with Huang and CIC.

 

Even those involved in the sale process have dismissed the announcement yesterday from Yahya Kirdi, the former Syrian footballer with business links in Canada, of his intention to compete with Huang for Liverpool. Kirdi has previously talked of his interest but is said not to have meaningfully pursued it, but his interest could raise the price that current owners are looking for. The Rhone Group has also re-emerged as a possible interested party. But although it is regarded as being financially capable of mounting a bid, the private equity firm has come to the table before, having looked at a minority-stake investment in March. But it did not go through with the deal.

 

Huang confirmed for the first time yesterday he had contacted Liverpool's brokers in the sale – who together are Broughton and Barclays's investment-banking division, Barcap – to "register interest". He did state he "has made no formal bid", however CIC's cash-raising exercise demonstrates it is in a position to make an approach at any time.

 

In that event the red half of Merseyside might be concerned about the impact of direct investment from the Chinese government in their club. But in anticipation of negative reaction to its world-wide investment activities, CIC's website states: "CIC strives to contribute to the prosperity and development of local economies.

 

It adds: "CIC usually does not seek an active role in the companies in which it invests nor attempts to influence those companies' operations. CIC seeks long-term, stable, sustainable, and risk-adjusted return."

 

Although the message of prudence, at a time when CIC's dumping of �531.4m of Morgan Stanley shares has conspicuously not generated any money for transfer activity, might dishearten fans, it should not be interpreted as a lack of team investment. CIC would be purchasing a debt-free club and would be capable of taking out smaller, more affordable loans to finance team strengthening this summer.

 

And after the years of chaos associated with the unsustainable debt run up under Hicks and Gillett, that would no doubt be a welcome relief to Liverpool fans, as will the fact CIC is happy with Roy Hodgson being the manager.

[KirkdaleRick]

I'm sure Shankly would be proud to see LFC in the hands of people who manage to repress their people so well that labour unions virtually don't exist.

 

I'm not comfortable with this at all and I've got a feeling that the sea of moral cowards, that will be too busy wanking themselves silly over the sniff of a trophy to consider the human rights abuses in China, will push me to be even less comfortable with it. As will throwing money about like the other classless cunts that play in shades of blue.

 

you were not shouting human rights abuses when they were bailing out the British government in buying up their debt.

[Liquid football]

I'm sure Shankly would be proud to see LFC in the hands of people who manage to repress their people so well that labour unions virtually don't exist.

 

I'm not comfortable with this at all and I've got a feeling that the sea of moral cowards, that will be too busy wanking themselves silly over the sniff of a trophy to consider the human rights abuses in China, will push me to be even less comfortable with it. As will throwing money about like the other classless cunts that play in shades of blue.

 

Agree monty. Still, i've resigned myself to the fact that i'll never get who i would ideally want (obviously a fairly rich lifelong Liverpool fan would be 1st). I would take these over G+H, that's all i can say.

 

The thought of people demanding Messi is making me cringe already though.

[Stu Monty]

you were not shouting human rights abuses when they were bailing out the British government in buying up their debt.

 

How do you know what I've been shouting? You don't know me and you've been here for about five minutes.

 

You're picking the wrong fight here, believe me.

[Unrighteous]

I don't think we'll throw money around like that... Messi wouldn't realistically be for sale at any price.

[1892-LFCWasBorn]

I don't think we'll throw money around like that... Messi wouldn't realistically be for sale at any price.

 

Wouldn't be a bad first signing under the new owners to show their intent.

[Unrighteous]

Wouldn't be a bad first signing under the new owners to show their intent.

 

Benzema, Aguero, Dzeko, etc. are all good statements of intent.

[Jose Jones]

I'm sure Shankly would be proud to see LFC in the hands of people who manage to repress their people so well that labour unions virtually don't exist.

 

I'm not comfortable with this at all and I've got a feeling that the sea of moral cowards, that will be too busy wanking themselves silly over the sniff of a trophy to consider the human rights abuses in China, will push me to be even less comfortable with it. As will throwing money about like the other classless cunts that play in shades of blue.

 

Sad state of the world though Stu.

That Matthew Syed (was he the ping pong player labour candidate?) article a couple of pages ago got it spot on.

One of the greatest cultural institutions in the country being sold by American leveraged buy out merchants to a Chinese government backed investment fund sure does some up the state of football these days, and how it's been ravaged by capitalism.

 

Still, I would have thought that this investment company is completely independent from the government when it comes to investment decisions and management. It's not like we'll be bought by the same people making the decisions.

[fowler9]

Wouldn't be a bad first signing under the new owners to show their intent.

 

realistically we wont get a very very top level player until we are back in the champions league and competing to win things but if we do have the cash to splash we should be going in for someone like Alonso/De Rossi/Diarra/Schweinsteiger/Lahm to set the ball rolling

 

 

anyway i'm trying not to get ahead of myself.....

[KirkdaleRick]

How do you know what I've been shouting? You don't know me and you've been here for about five minutes.

 

You're picking the wrong fight here, believe me.

 

You're right I don't know you, and don't want to know you.

[Stu Monty]

You're right I don't know you, and don't want to know you.

 

Did you say that in a David Carusso voice just after taking off your shades? I mean, it sounds impressive, it really does, it's just completely irrelevant to the point you were making previously. You know, that bit where you were telling me what I was or wasn't shouting without having a fucking clue what I've said in the past.

 

Anyway, I'll leave it there. I can't be arsed with a row and I'm off to bed. I'll leave the forum with a little love to sooth the little bit of anger that surfaced.

 

EjAoBKagWQA

 

If you don't like that then may you set yourself on fire, like an opressed Tibetan monk.

[Malarkey]

I hope they rename "Anfield Plaza" "Tienanmen Square" or "Tienanmen Plaza" when they buy us.

 

I will buy a Liverpool top with Mao 1 on the back when they do.

[Malarkey]

Benzema, Aguero, Dzeko, etc. are all good statements of intent.

 

Yeah. Benzema would be a statement of our intent to be shit.

[RoboRiise]

I'm sure Shankly would be proud to see LFC in the hands of people who manage to repress their people so well that labour unions virtually don't exist.

 

I'm not comfortable with this at all and I've got a feeling that the sea of moral cowards, that will be too busy wanking themselves silly over the sniff of a trophy to consider the human rights abuses in China, will push me to be even less comfortable with it. As will throwing money about like the other classless cunts that play in shades of blue.

 

Stu, I'm all over human rights abuses in China but what has Huang's (or his backers) involvement been?

 

 

Days? I'll be partying for fucking months.

 

These two cunts have made me fall out of love with my club and football in general.

 

I will be celebrating when they fucking die as well.

 

Cunts.

 

Until I get my membership sorted out, pretend I just repped you with the comment 'harsh but fair'.

[razor]

If this goes through, not only will we be the richest sporting club in the world, we will also be richer than most western countries.

 

I recognise how crass and unpalatable this is. However, if we're playing by the same rules as everybody else, in a game we didn't start, then I, for one, welcome this with open arms.

 

Football has changed, and this is a shame. If I had my way, we would have a local chairman, the club would be run like a local business, with local players for local fans. But unfortunately, those days are gone. Football is a global sport run by conglomerates and faceless corporations. I rue this.

 

But if we are going to compete for trophies, which is what every football fan wants, then there is no better way.

 

Two weeks ago I was down and depressed about Liverpool. Now I can’t sleep at night!

 

Yes, Falon Gong is repressed, yes, labour unions are repressed, but how many of your household items / clothing comes from China? An uncomfortable truth: lots of mine do.

 

I am a man with a social conscience, demonstrated in many ways which I won't bother you with here. However, if the question was "Do you want Liverpool to be owned by China?" I would reply, "Yes."

 

If I was asked "Do you want football to be like it was in the 60s?" then yes, of course I would. But that ain't going to happen.

 

There's no going back. And this forward lark suddenly seems appealing.

[Thants]

The Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger that the China Investment Corporation, the sovereign wealth fund to the world's most populous nation, is the organisation being fronted by Huang, who yesterday admitted interest in bidding for Liverpool.

 

Ah shit.

Just lovely.