Scousers uncertain future

[BaaBaa.]

The word is that RBS won't re-finance Hicks and Gillett - they have 7 days grace so until the 15th then LFC will be state owned - apparently LFC are meeting with the premier league to confirm that there will be no points deduction as LFC is solvent but KOP holdings will go into administration.

[PeteC]

http://news.bbc.co.uk/sport2/hi/footbal ... 064239.stm

[BaaBaa.]

It looks like it's turning nasty!

Liverpool Football Club tonight issued the following press statement:

The Board of Directors have received two excellent financial offers to buy the Club that would repay all its long-term debt. A Board meeting was called today to review these bids and approve a sale. Shortly prior to the meeting, the owners - Tom Hicks and George Gillett - sought to remove Managing Director Christian Purslow and Commercial Director Ian Ayre from the Board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon.

This matter is now subject to legal review and a further announcement will be made in due course.

Meanwhile Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity.

http://www.liverpoolfc.tv/news/latest-n ... tatement-3

[BaaBaa.]

Board agree proposed sale

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 Roush 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.

http://www.liverpoolfc.tv/news/latest-n ... posed-sale

[Arcadian]

[quote="BaaBaa."]Board agree proposed sale

Liverpool Football Club today announces that the Board has agreed the sale of the Club to New England Sports Ventures (NESV).


The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters.[/color]

Premier League approval? What is that worth, they allowed Liverpool and Man U to be bought with massive bank loans, so what is to stop the same thing happening again.

[BaaBaa.]

Premier League approval? What is that worth, they allowed Liverpool and Man U to be bought with massive bank loans, so what is to stop the same thing happening again.

A new set of rules recently came in if I remember correctly.

[Arcadian]

Will they change the name to Liverpool Red Sox? A whole new generation of mini-scousers will have to evauate their spelling skills.

[BaaBaa.]

Will they change the name to Liverpool Red Sox? A whole new generation of mini-scousers will have to evauate their spelling skills.

[Lee1975]

The word is that RBS won't re-finance Hicks and Gillett - they have 7 days grace so until the 15th then LFC will be state owned - apparently LFC are meeting with the premier league to confirm that there will be no points deduction as LFC is solvent but KOP holdings will go into administration.

That bloke at around 2:11 saying that what is happening at LFC is like your family being raped over and over?!?!? A bit over the top isnt it?
Anyway, all this American flag burning protests and your selling to an American again.

[BaaBaa.]

That bloke at around 2:11 saying that what is happening at LFC is like your family being raped over and over?!?!? A bit over the top isnt it?

Yeah, a bit! It's Ian McCulloch from Echo and the Bunnymen.

Anyway, all this American flag burning protests and your selling to an American again.

God bless America.

[PeteC]

Boston is a big Irish town. Don't be surprised if they put shamrocks on the jerseys.

Anyone done any research on the corporation? Their assets and balance sheet should be readily available on-line if they're a publicly traded company, and possibly also if private. Pete

[Big Boy]

The balance sheet doesn't mean a thing. The Green Army have survived their second winding up order in less than 12 months today. Yet the current owners are by far the richest in the club's history.
http://www.thisisplymouth.co.uk/news/Pl ... ticle.html

[BaaBaa.]

Boston is a big Irish town.

A working class Irish heritage, no links with Liverpool then.

Anyone done any research on the corporation?

We aren't looking at Sheikh Astick or Abramovich here, they look like they've done very well with the RedSox by taking advantage of every possible income source regarding advertising, they refurbished the stadium instead of building new and built up the surrounding area.

The club won their first and second silverware in 86 years and are now only behind the Yankees.

LFC haven't got a sugardaddy but hopefully will be self sufficient, I'd rather the Arsenal model than the Chelsea or Man City model.

[PeteC]

A quick check revealed they're an LLC private company so financial data will be harder to find. There is a ton of info about this deal, their background and the key executives though if you do a Google. Pete

[BaaBaa.]

A full BBC interview with the LFC MD, British Airways MD and Chelsea season ticket holder here.

http://news.bbc.co.uk/sport1/hi/footbal ... 066856.stm