The Lim Thread

[BRAP]

what the fuck.

Edited October 12, 2010 by Paul

[hamstrung]

SHITWHENDIDTHISHAPPENWTF

[BRAP]

BBC - Peston's Picks: Liverpool to receive new bid from Singapore billionaire

[hamstrung]

WTFSHITFUCKWTF!

[redsfan]

NESV has no intention of losing Liverpool to Peter Lim - Barclays Premier League - ESPN Soccernet

[hamstrung]

WTF

 

[hamstrung]

[Xherdan]

What

[Xherdan]

the

[Xherdan]

fuck?

[Baz1969]

I dont know whether to laugh or cry - I just want the whole fuckin saga to end

[Arl arse]

In future.............. POST THE FUCKIN ARTICLE!

 

BBC - Peston's Picks: Liverpool to receive new bid from Singapore billionaire

 

 

The bidding contest for Liverpool FC may not be over.

 

I have learned that the runner-up in the contest, Peter Lim, a Singapore billionaire, is to approach Liverpool's board with a view to making a higher offer for the club.

 

 

 

According to sources close to Mr Lim, he was the Liverpool board's preferred bidder in the closing stages of the auction. He had discussions with Martin Broughton, Liverpool's chairman, and Christian Purslow, Liverpool's managing director, about how to announce his takeover, such was their apparent confidence that he would win the contest.

 

Mr Lim learned he wasn't the victor only a few hours before Mr Broughton announced on 6 October that the club would be sold to John Henry's New England Sport Ventures for £300m.

 

Mr Lim, who is being advised by the British firm of lawyers Macfarlanes and by the Wong Partnership of Singapore, still doesn't know why Mr Broughton went with New England Sports Ventures, owners of the Boston Red Sox.

 

He believes that in purely monetary terms, his offer was at least as attractive as Mr Henry's.

 

Mr Lim too was offering to repay all of Royal Bank of Scotland's and Wachovia's £200m of long term debt, to take on £60m of other debt, and to inject £40m of working capital.

 

What's more - and Mr Lim regards this as crucial - all the money being provided by him would come from his own cash resources. He is not planning to borrow any of it.

 

I understand he is also offering to provide tens of millions of pounds to Liverpool's manager, Roy Hodgson, to allow him to buy players when the transfer window opens in January.

 

According to executives close to Mr Lim, he was told by Mr Broughton that his ability to fund the takeover for cash, and the size of his cash resources, meant he was a more attractive owner than New England Sports Ventures.

 

Mr Lim was told that Liverpool's board was concerned that New England Sports Ventures would have to borrow to finance the takeover - raising questions about whether Liverpool really would break free from the financial shackles perceived to have been imposed by the current owners, George Gillett and Tom Hicks.

 

In the event, New England Sports Ventures have insisted it will not load up Liverpool FC with debt. But there are no guarantees that there won't be significant debt further up the corporate ownership structure of New England Sports Ventures - which could limit how much money Mr Henry and his colleagues can inject into Liverpool in the future.

 

Mr Lim is keeping a close eye on the court case, which starts tomorrow. The case is supposed to rule on whether Mr Broughton can sell Liverpool to New England Sports Ventures against the wishes of Mr Hicks and Mr Gillett.

 

The Singapore billionaire believes the judgement in that case may give him an opportunity to bid again, whatever Mr Broughton may wish. Mr Lim is also prepared to buy Liverpool should it ultimately collapse into administration under UK insolvency procedures.

 

According to sources close to him, he feels that he may have been shut out because New England made an offer to Royal Bank of Scotland to pay some of the £40m penalty fees the banks have demanded.

 

If that is the case, he believes Royal Bank may have done a poor deal, because he would be prepared to pay RBS and Wachovia more than the £10m or so which New England Sports Ventures is said to have put on the table.

 

"He never had a chance to negotiate directly with Royal Bank" said a source. "He was expecting to do so, after agreeing the takeover with the board".

 

Mr Lim has an estimated net worth of $1.6bn (£1bn) according to Forbes Magazine.

 

He made his fortune in fashion, logistics and agri-business.

 

His interest in English football stems from his ownership of several Manchester United themed bars in Asia - which have persuaded him that there is huge global potential for making money from top flight English football.

[Furmedge]

[Furmedge]

[Arl arse]

NESV has no intention of losing Liverpool to Peter Lim - Barclays Premier League - ESPN Soccernet

 

ESPNsoccernet can disclose New England Sports Ventures (NESV) has a watertight contract to purchase Liverpool and has no intention of relinquishing that right despite a late attempt from Singapore businessman Peter Lim to launch a rival takeover bid.

 

 

John Henry (l) and Tom Werner do not expect Peter Lim to have the chance to buy Liverpool.

 

• RBS obtains injunction

• Broughton fears administration

• Court case to expose finances

• NESV could buy from RBS

• Premier League gives go-ahead

• Should sport and law be kept separate?

 

The Liverpool board has agreed to sell the club to NESV for £300 million but their ability to do so has been challenged by co-owners Tom Hicks and George Gillett. Tuesday's High Court hearing will help to determine whether the takeover has the legal basis to reach completion.

 

But Lim, who is being advised by the British firm of lawyers Macfarlanes and by the Wong Partnership of Singapore, is preparing a rival offer and hopes to outbid NESV to take control of Liverpool.

 

It is understood that Lim's interest forced NESV to increase its original offer last week, leading the group, fronted by John W Henry, to emerge as the favoured party. Lim believes his offer was at least as attractive as that on the table from the owners of the Boston Red Sox.

 

It is being reported by the BBC that Lim was told Liverpool's board was concerned that NESV would have to borrow to finance the takeover. But Henry's group has insisted it will not load up the Premier League side with debt.

 

The American group's £300 million agreement is signed and sealed, pending High Court hearings this week which will address the issue of whether chairman Martin Broughton and the board had the authority to sell the club against the wishes of the co-owners, who stand to lose £144 million if the NESV deal goes through.

 

Clearly Lim is looking closely at the opportunity that might arise if Hicks should win his court case, nullifying the NESV deal, and the club ends up in administration on Friday, when the deadline expires for the Americans to repay Royal Bank of Scotland £237 million.

 

Lim owns several Manchester United-themed bars in Asia and according to Forbes magazine is said to have a £1 billion fortune.

[bossy]

WTF does this need a new thread for? WTF.

[Xherdan]

[Wor Horse]

PENIS PENIS FELATIO.

[milky]

what the fuck.

 

 

[Anubis]

What the fuck?

[RoboRiise]

[Melchett]

[YOUTUBE]y8Kyi0WNg40[/YOUTUBE]

[Soup]

[Fugitive]

Fuck the what???

[Section_31]

I know I like my film quotes and stuff, but this bloke from Collateral really was called Pter Lim. I think that's awesome.

 

[YOUTUBE]6i19KwL-bpY[/YOUTUBE]