Gillett deal.

[Fan65]

How about if there is not a thread on the first page one can start a new one?

Only if you've adopted due diligence

[Morph]

yeah - you tell 'im Morph!

**** off you

[Jayesh87]

Liverpool confirms Gillett approach
Fri Jan 26, 2007 6:28 PM GMT31

LONDON (Reuters) - Liverpool said on Friday it had received an approach from American tycoon George Gillett.

The 18-time English champions said there was no certainty Gillett's interest would lead to the American making an offer for the club.

http://today.reuters.co.uk/news/arti...ER.xml&src=rss

[Jayesh87]

Regulatory Announcement

Company Liverpool FC & Athletic Grounds PLC
TIDM
Headline Offer Update
Released 18:10 26-Jan-07
Number 2503Q

RNS Number:2503Q
Liverpool FC & Athletic Grounds PLC
26 January 2007


26 January 2007: For immediate release


The Liverpool Football Club and Athletic Grounds plc

Statement re George Gillett


Following the recent press speculation, and to comply with our obligations under
the Takeover Code, Liverpool Football Club today confirms that it has received
an approach from George Gillett which may or may not lead to an Offer.
Shareholders will be kept informed as appropriate.



Enquiries:
The Liverpool Football Club and Athletic Grounds plc
Ian Cotton - Press Officer
+44 (0)151 230 5721




This information is provided by RNS
The company news service from the London Stock Exchange

[red g]

just been on talksport that gillet has approached liverpool again with a view to purchase

[AFII]

That will held up the takeover a few weeks

The only reason as I can see to why he is doing it, is that he doesn't want the takeover to happen before the end of the transfer window.

That means that he probably will make a bid for another rival club.

[Chris]

That will held up the takeover a few weeks

The only reason as I can see to why he is doing it, is that he doesn't want the takeover to happen before the end of the transfer window.

That means that he probably will make a bid for another rival club.

Thats a pretty bizarre conspiracy theory.

[Shaggy]

Breaking top story on the BBC...

Liverpool reveal Gillett approach

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/6304467.stm

Liverpool have received an approach about a possible takeover of the club from American tycoon George Gillett.

The Anfield club issued a statement to the Stock Exchange under the Takeover Code rules about Gillett's interest.

Liverpool said the approach "may or may not lead to an offer" and "shareholders will be kept informed as appropriate."

Dubai International Capital is a rival consortium and are favourites to take over the club having already analysed Liverpool's financial books.

Gillett recently improved his offer for the club and as a bidder can now also perform due diligence, which is the process of examining the finances of the club.

More to follow.

[red g]

Could we have turned down his wish? or does he by law have rights once he has bid. Ie should we be worried?

[Shaggy]

Could we have turned down his wish? or does he by law have rights once he has bid. Ie should we be worried?

I know precious little about this ****, in all honesty, but my understanding is the latter - I think he has every right to perform 'due diligence'. In layman's terms, we can't tell him **** off.

Is that right?

[lfc4ever]

Could we have turned down his wish? or does he by law have rights once he has bid. Ie should we be worried?

Can't turn down his potential bid, as he wants to carry out due diligence on the books seeing as a rival offer has had the due diligence carried out.

However, his bid once submitted can be rejected, even if it offers twice as much, and as one person has more than 50% of the club, that person holds all the cards as to whose bid is accepted, and whose isn't.

I wouldn't worry too much.

[AFII]

I know precious little about this ****, in all honesty, but my understanding is the latter - I think he has every right to perform 'due diligence'. In layman's terms, we can't tell him **** off.

Is that right?

That's correct. He probably knows that he won't have a chance and that's why I said in my earlier post that he must have another reason to do this.

I won't be surprised if he makes a move to buy another PL club in one or two months time.

[The Glove]

I want to buy Liverpool. Ive got a Golden shiney pound coin. Can i look at the books please?

[Red Chilli]

I want to buy Liverpool. Ive got a Golden shiney pound coin. Can i look at the books please?

That's what I thought

I'm sure it requires the board to take him seriously before he gets to look at the books rather than just some random requesting to see them.

[The Glove]

That's what I thought

I'm sure it requires the board to take him seriously before he gets to look at the books rather than just some random requesting to see them.

If thats the case then they can just tell him to **** off if they dont want to deal with him surely? Im just as serious with my poound as he is with his millions.