madras Posted October 5, 2010 Share Posted October 5, 2010 http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9064239.stm Bah. Walking away with no profit, i doubt either will do it. They'd rather let the club sink. They really, really don't want to walk away with no profit, but they sure as f*** wouldn't let the club sink, because the selling price has to cover their debts, otherwise it will cost them (and they're not doing well financially). Hang on, the 2 cats who actually own the club can be forced to sell it against their wishes by the 3 other members of the board? How f***ed up is that? It would be f***ed up if they owned the club, but the strings are currently being pulled by the bank with whose money they bought the club. The only reason the Yanks are still in the picture is that the bank really, really doesn't want to own a football club. Of course, no-one is likely to buy the club before deadline day, because the Yanks are after a profit, and are asking far more for the club than the bank will be in a couple of weeks. IMO, our main hope is that the FA/EPL see the case differently to the Southampton one. The key difference is that LFC is solvent and profitable as an entity (separate from the holding company, which holds massive debts from buying the club), whereas Southampton + holding were one big sack of red numbers. Beyond that, the hope is that on-the-pitch form will pick up once all the corporate-level crap is sorted out. Of course it's all up in the air regarding our future owners. The bank will not be choosy. We could end up with even bigger c***s. How long as Hodg got? I want to declare an early victory for Parky Enterprises. Depends on what happens in the boardroom. The way I see it is, it all boils down to the uncertainty upstairs. An argument can be made that Rafa had his chance, blew it and lost the plot; but he denied it, the players denied it, and the fans denied it. This season, we start off with a very good manager, with a great track record (though, arguably not at the expected level), and it's still a big pile of s***. The whole no-strikers/holes-in-the-squad argument is a red herring. Alonso is the only (enormous) loss from a side that was hot s*** in the CL, more so before Torres arrived. This certainly hints at problems that aren't directly attributable to the manager and squad. If we get in decent, non-egomaniac, new owners who are prepared to invest in the club over the next 10 years for longer-term profit, we'll do well. If we get another bunch of cumrags who hope the club can cover their costs and keep itself turning over till the next boom arrives, we're f***ed. as much as i like you wacko, i hope LFC are fucked (not so much to go under but to hurt for a while) Link to post Share on other sites More sharing options...
Dave Posted October 5, 2010 Share Posted October 5, 2010 Hicks & Gillett statement: "The Board has been presented with offers that we believe dramatically undervalue the Club." "..no change in our commitment to finding a buyer ..that reflects the very significant investment we've made." "We will however resist any attempt to sell the Club without due process or agreement by the owners." Hicks and Gillett also say they have "invested more than $270 million" and "the Club is one of the most profitable in the EPL". Link to post Share on other sites More sharing options...
Thespence Posted October 5, 2010 Share Posted October 5, 2010 They refer to the PL as the EPL they really are clueless. Link to post Share on other sites More sharing options...
Guest Posted October 5, 2010 Share Posted October 5, 2010 Link to post Share on other sites More sharing options...
EthiGeordie Posted October 5, 2010 Share Posted October 5, 2010 They refer to the PL as the EPL they really are clueless. EPL is the common word they use in States to refer to the Premier League. It is English Premier League.... Link to post Share on other sites More sharing options...
QBG Posted October 6, 2010 Share Posted October 6, 2010 Don't know if its been posted but Cringeworthy. The Norwegian lad is actually on my course, moron. They're all completely deluded if they think the CL win was anything other than a fluke and they seem to think selling a multi-national business takes a matter of minutes. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted October 6, 2010 Share Posted October 6, 2010 Don't know if its been posted but Cringeworthy. The Norwegian lad is actually on my course, moron. They're all completely deluded if they think the CL win was anything other than a fluke and they seem to think selling a multi-national business takes a matter of minutes. ahahahahahahahahahahahahha the imagine raping your whole family bit Link to post Share on other sites More sharing options...
Foluwashola Posted October 6, 2010 Share Posted October 6, 2010 Urgh, Sky News just referred to Liverpool fans as "long suffering" Link to post Share on other sites More sharing options...
Guest Geordiesned Posted October 6, 2010 Share Posted October 6, 2010 Club sold to owners of Boston Red Sox! Link to post Share on other sites More sharing options...
Guest Geordiesned Posted October 6, 2010 Share Posted October 6, 2010 Statement on Liverpool official site apparently. Link to post Share on other sites More sharing options...
Guest Geordiesned Posted October 6, 2010 Share Posted October 6, 2010 Liverpool Football Club today announces that the Board has agreed the sale of the Club to New England Sports Ventures (NESV). New England Sports Ventures currently owns a portfolio of companies including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing. Martin Broughton, Liverpool FC Chairman, said: "I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive. The Board decided to accept NESV's proposal on the basis that it best met the criteria we set out originally for a suitable new owner. NESV's philosophy is all about winning and they have fully demonstrated that at Red Sox. "We've met them in Boston, London and Liverpool over several weeks and I am immensely impressed with what they have achieved and with their vision for Liverpool Football Club. "By removing the burden of acquisition debt, this offer allows us to focus on investment in the team. I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale." Note to editors: The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. Link to post Share on other sites More sharing options...
NG32 Posted October 6, 2010 Share Posted October 6, 2010 HA! Link to post Share on other sites More sharing options...
Guest north shields lad Posted October 6, 2010 Share Posted October 6, 2010 I hope they get relegated, its doubtful, but id like them to go through what its like being a newcastle fan. However, every time i put on sky news they have there protests, there flags, there banners, there marches. There spokespeople from there supporter group who seem to talk sense. And i wish we had all that. If we had all that 2/3 years ago, we could of made a diffrence as well. I have never been jealous of them even when they were god and won all there cups. But when i see there fans doing somthing, and actually trying to change there club, thats the only thing im jealous of. Link to post Share on other sites More sharing options...
NG32 Posted October 6, 2010 Share Posted October 6, 2010 All they did was portest, nothing has changed yet. Its not a done deal. Link to post Share on other sites More sharing options...
Guest north shields lad Posted October 6, 2010 Share Posted October 6, 2010 All they did was portest, nothing has changed yet. Its not a done deal. We protested as well.....for 2 days Link to post Share on other sites More sharing options...
NG32 Posted October 6, 2010 Share Posted October 6, 2010 All they did was portest, nothing has changed yet. Its not a done deal. We protested as well.....for 2 days And? Link to post Share on other sites More sharing options...
Guest north shields lad Posted October 6, 2010 Share Posted October 6, 2010 We gave up. The crap we just took from our various diffrent owners down the years annoys me. Link to post Share on other sites More sharing options...
NG32 Posted October 6, 2010 Share Posted October 6, 2010 No one was going to buy us with the debt, if we were super debt free then maybe....we were also in a relegation fight, portesting at the same time would not have helped. Looking back it didn't matter anyway as the players gave up. Liverpool have a canny history which more yanks are buyung into. It might not happen yet with Hicks and Gillette wanting their money back or a profit. Link to post Share on other sites More sharing options...
Cronky Posted October 6, 2010 Share Posted October 6, 2010 It's not the fans who are forcing Hicks and Gillett out. It's the banks, who want their money back. I'm not sure how the Board can use the courts to force the sale through without the agreement of the owners. Presumably there's a way, but it may be quite drawn out. I expect the more likely route comes down to the banks' willingness to force the owners out after October 15th, by filing for administration. From recent history, I do wonder whether the Americans realise how difficult it is to run a European football club at a profit. American sports teams are run within a different system. Link to post Share on other sites More sharing options...
ian Posted October 6, 2010 Share Posted October 6, 2010 Nice not to be the but of all the jokes these days....lets laugh at Liverpool ! http://www.bbc.co.uk/blogs/thereporters/robertpeston/2010/10/liverpool_takeover_becomes_soa.html Link to post Share on other sites More sharing options...
Parky Posted October 6, 2010 Share Posted October 6, 2010 Link to post Share on other sites More sharing options...
Parky Posted October 6, 2010 Share Posted October 6, 2010 It's not the fans who are forcing Hicks and Gillett out. It's the banks, who want their money back. I'm not sure how the Board can use the courts to force the sale through without the agreement of the owners. Presumably there's a way, but it may be quite drawn out. I expect the more likely route comes down to the banks' willingness to force the owners out after October 15th, by filing for administration. From recent history, I do wonder whether the Americans realise how difficult it is to run a European football club at a profit. American sports teams are run within a different system. Pretty sure the owners have to agree unless the banks take the club into ownership/administration. Link to post Share on other sites More sharing options...
Broadsword Posted October 6, 2010 Share Posted October 6, 2010 My word, it is going to get very messy isn't it. How can the board sell the club without the owners consent. The media, mostly seem to be missing this, some more than others. Talk sport and Alan Brazil were talkign as if H&G had gone already and the club had been sold. Incredible. Link to post Share on other sites More sharing options...
Parky Posted October 6, 2010 Share Posted October 6, 2010 My word, it is going to get very messy isn't it. How can the board sell the club without the owners consent. The media, mostly seem to be missing this, some more than others. Talk sport and Alan Brazil were talkign as if H&G had gone already and the club had been sold. Incredible. It must grate that one of the 'media darlings' is going tits up. Link to post Share on other sites More sharing options...
madras Posted October 6, 2010 Share Posted October 6, 2010 Liverpool Football Club today announces that the Board has agreed the sale of the Club to New England Sports Ventures (NESV). New England Sports Ventures currently owns a portfolio of companies including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing. Martin Broughton, Liverpool FC Chairman, said: "I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive. The Board decided to accept NESV's proposal on the basis that it best met the criteria we set out originally for a suitable new owner. NESV's philosophy is all about winning and they have fully demonstrated that at Red Sox. "We've met them in Boston, London and Liverpool over several weeks and I am immensely impressed with what they have achieved and with their vision for Liverpool Football Club. "By removing the burden of acquisition debt, this offer allows us to focus on investment in the team. I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale." Note to editors: The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. could someone explain the bit in bold for me please ? Link to post Share on other sites More sharing options...
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