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Marko121

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  1. Proposed Chinese takeover of Liverpool FC 'would not involve direct government ownership'

    Aug 6 2010

     

    Kenny Huang

    The proposed takeover of Liverpool by a Chinese consortium would not involve direct ownership by the country’s government, although they may have a passive role in the organisation, it has been claimed.

     

    More details of the bid fronted by Hong Kong-based businessman Kenny Huang have come to light after it was revealed the Chinese investors are being assisted by Chicago-based company Sportscorp.

     

    The consortium have yet to table a bid, although Liverpool have now requested all parties prove by next week they have the money to back up their interest, but appear to be in pole position to replace American duo Tom Hicks and George Gillett.

     

    If successful Huang and Guang Yang, executive vice-president of Franklin Templeton Investments and chief investment officer of the China Life/Franklin Templeton Fund, would be in charge of a limited liability corporation in control of Liverpool.

     

    Other investors, including China Investment Corp - the country’s sovereign wealth fund - would be passive with no more than a 20% share.

     

    The Chinese bid has four major aims: to leave Liverpool debt-free; make significant investment and construct the long-awaited new stadium in Stanley Park; provide a considerable sum for transfers and expand more actively into the Asian market.

     

    However, those behind the plan - the broad details of which have already been submitted to Liverpool chairman Martin Broughton and Barclays Capital, who are running the sale of the club - insist their offer would not be financially beneficial to Hicks and Gillett.

     

    “future and nWhat is not one of our goals is the enrichment of the existing owners,” said head of Sportscorp Marc Ganis, who suggested should the takeover be successful there would not be widespread change behind the scenes at Anfield.

     

    “If we submit a proposal and it is accepted, it would be focused on the ot the past.”

  2. 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

  3. And some fans think those two cunts are serious about selling up.

     

    They`re here to bleed us dry until there`s nothing left or until they can blag enough funds from somewhere to get the stadium going and then bleed us some more.

    And some fans think those two cunts are serious about selling up.

     

    They`re here to bleed us dry until there`s nothing left or until they can blag enough funds from somewhere to get the stadium going and then bleed us some more.

     

    This has always been my fear

  4. Dont know whether this has any credibility but here goes

     

    Anfield Road » You cannot be Syrias?

     

    You cannot be Syrias?

     

    George Gillett claims firm interest from a potential buyer – but all, as ever, is not as it seems.

    As the clock ticks ever closer to the end of another deflating transfer window for Liverpool Football Club, Anfield Road has learned that George Gillett has informed Royal Bank of Scotland and chairman Martin Broughton that he has found a serious investor who is interested in buying the club.

     

    Time to rejoice?

     

    Maybe not.

     

    Anfield Road understands that George Gillett and LFC’s mystery saviour is ex-Syrian international footballer and millionaire businessman Yahya Kirdi.

     

    First linked with the club shortly after Martin Broughton’s appointment back in April it was intimated that the Syrian, who was using ex-Celtic player Andy Lynch as a spokesperson for the bid, had the support of “mystery billionaire backers from the Middle East”, a line which should send a shiver down the spine of anyone who’s kept an eye on either Portsmouth or Notts County under the stewardship of Sulaiman Al Fahim and Qadbak/Munto Finance respectively over the last 18 months.

     

    Notwithstanding the Notts County and Portsmouth situation, it is understood that even the most rudimentary checks carried out on Mr Kirdi at the time of the initial interest showed his interest and capacity to put together a deal to be fanciful at best.

    Needless to say, nothing ever came of the supposed interest, but it begs the question: if Yahya Kirdi has neither the inclination nor, more importantly, the means to complete a deal for LFC, why bother putting his name in the firing line in the first place, and to what benefit is it to Gillett for him to do so?

     

    That is the question that we at Anfield Road have been trying to find an answer to for the last few days.

     

    Exactly what Mr Kirdi has to gain from any involvement is still unclear, it may very well be nothing more than a favour to long-time friend Foster Gillett to help his father out of what is an increasingly tight spot. He does not appear to have anything like the desire for publicity as Prince Faisal bin Fahad bin Abdullah, Mr Gillett’s previous stalking horse, whose appetite for a photo-op was only matched by the vulgarity of his sunglasses.

     

    And to what end does it benefit Gillett?

     

    It is believed that Gillett was panicked into submitting this new bid for the club under pressure from RBS, and by doing such, delayed any potential forced sale to any other potential buyer as RBS are legally required to listen, as current incumbents, to any such bid brought by either George Gillett or Tom Hicks.

     

    The reasons for Gillett stalling the deal are fairly simple; it is clear that the interest anticipated by both himself and Tom Hicks hasn’t materialised and they are facing the reality of walking away with nowhere near the figure they had in mind when they appointed Martin Broughton to oversee the sale process.

     

    By forcing an extension it gives Gillett time to, yet again, board a flight to the Middle East, replete with his begging bowl, in an attempt to force an auction for the club with scant regard, as ever, for the club or its supporters which in reality only serves to deter interested observers as they are understandably reluctant to be ripped off by this particular snake-oil seller.

     

    It is worth bearing in mind that whilst it is Martin Broughton’s duty to sell the club to the best possible candidate (not necessarily the highest bidder), Gillett is only interested in getting the highest possible price for his stake in the club.

     

    There is more than a hint of irony in all of this as it was only last month Gillett was letting it be known to certain members of the press that he was desperate to sell, but it was the greed of Tom Hicks that was holding up a sale.

     

    Not that we should be surprised by this; Gillett has always been the “cute” one of the arrangement, Tom Hick’s inability to keep his foot out of his mouth and his name out of the papers allowed Gillett to keep a relatively low profile, two incidents apart when he was caught lying on record by both SOS and a fan who had the nous to record a conversation in which it was a struggle to pick out a single truth.

     

    That aside, and ultimately more importantly at the minute, is that what isn’t clear is just how much extra time RBS are legally obliged to grant this proven liar to play his silly games and how much time they are affording him out of courtesy or misguided loyalty. By affording Gillett such grace, RBS are playing a dangerous game with the future of one of the most important football clubs in the world.

     

    Anfield Road is aware that an absolutely serious party is ready and willing to move in right now. Further delay will be disastrous for the club and unless the bankers at RBS finally come to terms with the reality of the situation they risk facing a disaster of their own with the money they have tied up in the club.

     

    It may take further pressure from supporters, SOS and ultimately Martin Broughton to force RBS to bring an end to this sorry charade, kicking Gillett and Hicks out and allowing suitable, capable and committed ownership in.

  5. I haven't got a clue who you are, but I never keep anyone on it for very long.

     

    That's very kind of you

     

    On the subject of Aurelio, I would be very concerned about giving him a new full time contract but I don't see how we can lose on a pay as you play deal. At his best, he's still better than anyone we've been linked with in my opinion.

     

    One thing we agree on

  6. We could be linked with every player in the fucking world but we ain't signed nobody yet. The squad is threadbare and we have a jumped up little Cunt in charge of buying and selling - and people want to wait and see. The fatter of the 2 yanks said this summer would be big, well he hasn't lied before has he?

     

    Joe Cole, Remy etc are just rumours and people take them as fact. In reality players are leaving

  7. That actually doesn't answer the part about why the player is sold and what happens to those funds.

     

    To clarify, i'm not perticularly unhappy that he looks to be going. I'm more concerned about who made the decision and what will happen to the funds generated.

     

    The next player (who someone agrees a fee for) could be one that is of a better quality than Insua and i worry about what happens to those funds.

  8. And I said before, these quotes are forensically analysed way too much.

     

    We have 400million Euro of debt. Getting 6 million for a below average defender isn't going to seriously dent that figure, so this isn't a demonstration of Roy's power, or perceived lack of it in the club. He's not getting involved in the politics and he shouldn't. He's there to coach the team, and that's what he is trying to do.

    I

     

    I see what you're saying mate - however i'm worried about what quality of team he will be allowed to coach

  9. I take it we're going to get this hysterics after every transfer in the next 6 weeks. We're even getting it with the players coming in ffs :whatever:

     

    Another Rafa buy who was hopeless. Insua is no loss, he can go.

     

    Not being hysterical !!

     

    Like i said before - its not about the actual player, and i wouldnt argue with the fee as he has 1 year on his contract. Its the way/who is doing the deals.

     

    One minute RH doesnt know what is going on and the negotiations were done before him, the next everyone is saying he has a hand in the deal

  10. Officially nothing, a Daily Mail story circulated through net-rags is not an official enclosure.

     

    Probably will happen but I can't see it in this timeframe (48 Hrs), he's the only left-back in Switzerland.

     

    Mentioned at the end of the Sammy Lee story in the Echo

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