Investment Delay?

[Dhav]

For m, this is the main stumbling block.
I have been thinking this as soon as Gillette came in with an bigger offer than Dubai. Why would the shareholders, who arein love with LFC (Granada...) want to take DIC bid over the Gillette bid, its all about money for them, unlike Moores, who I believe will take the best offer for the club rather than the most money.
I admittedly know nothing of investment, but this would be what worries me, are the club now going to ask DIC for more money? I really hope this Gillette ******* doesnt **** everything up, our very own Glazier, great.

Am I right in assuming we need 75% of the shareholders to accept a bid? If so Granada's vote could be irrelevant, it's the other 39% that are key.

[bazza76]

Am I right in assuming we need 75% of the shareholders to accept a bid? If so Granada's vote could be irrelevant, it's the other 39% that are key.

Im not sure, but does moores 55% mean he is 55% or does that make him just one person.

[kurtangle01]

Sky are now saying that "Liverpool have chosen NOT to accept the bid from DIC" Is that the same as rejecting it?

[cobain]

God damn, just take over the club already and let us live in peace! FFS!

[bazza76]

Sky are now saying that "Liverpool have chosen NOT to accept the bid from DIC" Is that the same as rejecting it?

[Kopite_Colin]

Sky are now saying that "Liverpool have chosen NOT to accept the bid from DIC" Is that the same as rejecting it?

Could be we haven't accepted it YET. We just want more time to consider it in light of the other bid.

[Dhav]

Im not sure, but does moores 55% mean he is 55% or does that make him just one person.

Moores I think has 51% of the shares (or may be 55% as you say), which gives him 51% of the vote, and I think you need 75% of the vote to effect such a change in a company. So he needs to get the other shareholders on side. I'm pretty sure his decision by itself won't be enough in this case.

[bazza76]

Could be we haven't accepted it YET. We just want more time to consider it in light of the other bid.

I hope so.

[Kopite_Colin]

Me too. I hoenstly think we'd be mad to pass up this opportunity, even if Gillett is offering more money up front. Sheik Mohammed is a true winner when it comes to sport. Godolphin are living proof of it.

[Rocket]

seriously, loads of people are spouting bollocks, saying "oh no, they've rejected the deal etc etc"

hardly anyone knows wtf the deal comprises, if any of its true, its been rejected for a reason.

the only people who know whats going on, are Liverpool, DIC + some big accounting firm PWC,Delloites et al

[cobain]

Me too. I hoenstly think we'd be mad to pass up this opportunity, even if Gillett is offering more money up front. Sheik Mohammed is a true winner when it comes to sport. Godolphin are living proof of it.

He built a fookin stadium (20k seater) for his wedding! FOR HIS WEDDING! Imagine what kind of stadium he would build for LFC! It won't be called stadium it will be called City.

[Dhav]

Sky sports' website's saying that with Moores 51.6% shareholding the final decision is his. But I'm not convinced this is the case.

Is it not up to the board to reccommend to the shareholders the best offer for the company and then down to 75% of the voting shares to decide?

[Red Chilli]

Moores I think has 51% of the shares (or may be 55% as you say), which gives him 51% of the vote, and I think you need 75% of the vote to effect such a change in a company. So he needs to get the other shareholders on side. I'm pretty sure his decision by itself won't be enough in this case.

Never heard of that 75% before. 50.1% is enough to take over the club.
Thinking back to the SCUM takeover, Glazier needed 75% of the shares to take the club off the stock market, maybe you are getting confused with this figure.
90% of share ownership means that he can enforce other shareholders to sell to him.

[Rocket]

moores is in total control

[bazza76]

Liverpool's board have decided to take more time to consider the sale of the club to Dubai International Capital.

Owner and chairman David Moores (pictured) and the club's board met in London on Tuesday to talk over DIC's bid and also a second offer from George Gillett.

The Montreal Canadiens owner has made an improved offer to Moores of £88million for his 51.6 per cent majority shareholding.

DIC had hoped to be able to make a formal bid via the stock exchange early next week after completing due diligence.

However, Gillett's new offer has thrown the takeover into confusion, with board members keen to think again.

ITs has to be just extra time to think, but it is still a little worrying. They obviously must be considering the deal.