Looks like we have a new owner

[kopdan]

Thanks Dhavlos for taking the time to explain

[AFII]

what have the fecked up on what you know

Our last deal with Carlsberg is one example. The Owen contract situation another. The court have yet to give a verdict in our case against Rebook so we don't know if they fecked up that one.

[anfieldpurch]

Is this a great deal for the club i dont know

Is this a case of

Gillett the best a club can get

[Lucky]

I trust them:

I genuinely believe that they're not trying to make more money from the sale of the club, that they genuinely want to sell to the people that are best for LFC.

DIC are the better deal for LFC especially if they manage to get the club for near it's market value of £3000 per share. £5000 per share is just silly money and i'm sure moores would rather that went to the club rather than his own pocket or the pockets of shareholders.

Had DIC's verbal offer been a formal offer it would have had to be officialy discussed at a board meeting where it would have been voted on whether to accept or not.

Supposing there were board members that rejected the offer, maybe Granada were trying to maximise profits for their shareholders or maybe someone else had an agenda, who knows... Then DIC would have had to withdraw and not offer again for 6 months.
Morever it could have left us exposed to DTI investigations since other higher offers were not considered.

Now if after gillet makes an offer and if for some reason the board choose not to accept the offer, perfectly within their rights, DIC as the sole interested party were to come back with a reduced offer closer to the £3000 market value per share then the board would have to accept it for the following reasons:
a) only serious offer around
b) looming stadium deadline
c) true market value
d) They would seem greedy and daft if they refused

Moores clearly is not trying to line his pockets and as for Parry the clown, as i've said on the other thread, clowns usually have something up their sleeve.

[tomasjj]

I have nothing invested in DIC taking over, I just want what is best for the club. Before the statements from DIC this past week once the deal broke down (btw, we dont know where these statements came from, they certainly weren't from an official spokesman so I am sceptical) they seemed to be conducting business in the right way and saying the right things. Being thorough in due diligence is a sign of business efficacy.

Sure, mate. I see where you are coming from.
I was just jesting.

Having someone with DICs assets as back up in case things went bad would be a major plus.
And I understand your point about the due dilligence, but somehow I feel that the Yanks know more than they could gather from 3 days of examinations. They are not amateur investors.

The actions of DIC in the media after they were brushed back are not so commending though.

[tomasjj]

Our last deal with Carlsberg is one example. The Owen contract situation another. The court have yet to give a verdict in our case against Rebook so we don't know if they fecked up that one.

The Owen perfection was handled with perfection.
We got rid of Michael England First.

[AFII]

The Owen perfection was handled with perfection.
We got rid of Michael England First.

You know what I mean when it comes down to Owen and that's that he should have been sold a year earlier.

[tomasjj]

You know what I mean when it comes down to Owen and that's that he should have been sold a year earlier.

Yeah, he should have been put up against the wall with a gun to his head and a pen in his hand earlier. He kept us waiting though with saying it was no rush and that he would sign....the ****er.

[doogle]

But we dont know whats been going on behind those doors though

[Rehan]

I don't want gillete or hicks anywhere near this club, poor mans glazers.

this club is going to be in debt for years. Id rather jus stick with moores, the new owners aint exactly going to be rich. what is going to happen if we done qualify for the champions league one year?

DIC had the money to solve our probs, and im still mega pissed off.

I wonder where kraft went?

[Lucky]

But we dont know whats been going on behind those doors though

I'm just speculating. I certainly don't know.

[Mattshark]

I don't want gillete or hicks anywhere near this club, poor mans glazers.

this club is going to be in debt for years. Id rather jus stick with moores, the new owners aint exactly going to be rich. what is going to happen if we done qualify for the champions league one year?

DIC had the money to solve our probs, and im still mega pissed off.

I wonder where kraft went?

The way DIC have acted I'm glad they have ****ed off, they have been disgracefull in their behaviour.

[The Glove]

What so you wouldn't like to know what kind of house you're buying? Whether the roof leaks, whether your neighbours are about to sue you or whether there's mold growing under bathroom tiles? If anything it let's you know what needs to be done once you move in.
They haven't done that since DIC had an exclusivity period till a few days ago. Hardly the safe pair of hands Parry was going to sell the family silver to is it?

Its fairly common knowledge what our debt is and how much the stadium is gonna cost. So if you have more than enough money between the 2 of them, they probably cant be arsed with due dilligance, there offer appears to be better than DIC so they are getting in before someone else does. If I had the money, I would buy LFC in a shot. I dont give a **** about the debt.

[Dhav]

Sure, mate. I see where you are coming from.
I was just jesting.

Having someone with DICs assets as back up in case things went bad would be a major plus.
And I understand your point about the due dilligence, but somehow I feel that the Yanks know more than they could gather from 3 days of examinations. They are not amateur investors.

The actions of DIC in the media after they were brushed back are not so commending though.

The comments from DIC did not come from official lines, so we dont know for sure that they're either genuine or that they reflect the company's feelings. I mean Al-Ansari's statement was markedly different to what we've heard the last couple of days unofficially from DIC, although granted these comments have been extremely crude and unbecoming.

The due diligence thing really does concern me. Having been through the process myself, I am absolutely stunned they could have done a reasonable investigation, even if they worked 72 hours straight.

I don't want gillete or hicks anywhere near this club, poor mans glazers.

this club is going to be in debt for years. Id rather jus stick with moores, the new owners aint exactly going to be rich. what is going to happen if we done qualify for the champions league one year?

DIC had the money to solve our probs, and im still mega pissed off.

I wonder where kraft went?

I share your concerns mate, especially about the debt and the reliance on the CL money to sustain ourselves. I dont honestly see how much better off we will be under the American regime than we currently with regards debt etc, the only difference is we might have more efficient bussiness men at the helm, yet the way they have conducted due diligence does not convince me of that either.

We dont know for sure what DIC were offering, but the key point is one I have said previously, and what tomasjj says that I've highlighted above, namely that they have the assets to back up any debt, they wouldn't need to mortgage the club or stadium, and could easily borrow money, on their terms.

[Dhav]

Its fairly common knowledge what our debt is and how much the stadium is gonna cost. So if you have more than enough money between the 2 of them, they probably cant be arsed with due dilligance, there offer appears to be better than DIC so they are getting in before someone else does. If I had the money, I would buy LFC in a shot. I dont give a **** about the debt.

It's not just about the debt, there is a lot more to consider than that, and there is far more to examine during due diligence than the books. If they did a thorough job they would have examined that the club's trademarks were protected, all the merchandising and sponsorship agreements, all the loans and overdraft agreements the club has, and even all the player contracts. This is information they need to be abreast of when the takeover happens. And contingencies need to be in place in case those contracts reveal something that could be problematic once the takeover is complete.

There's a lot more to it than just buying the club in a shot.