[OLD THREAD] Takeover finalised (Press Conf 2pm)

[disco]

I don't think so. We have now secured our place at the top for a long time. When we won the league or CL was fantastic but in terms of long time success that can't be compered to moving to a new stadium and probably keep Rafa for a long time.

Why aren't I exceptionally pissed and running round the room like an idiot then?

[Rocket]

can't wait for my first anfield pint of coors light

[DeeGame]

Duo agree Liverpool takeover deal

American duo George Gillett and Tom Hicks have reached an agreement to buy Liverpool in a deal thought to be worth £470m, BBC Sport understands.
The pair announced their buy-out to the Stock Exchange on Tuesday.

Liverpool chairman David Moores, who will become an honorary life president, said: "This is a great step forward for its shareholders and its fans."

The club have called a news conference at 1400 GMT to announce the details of the takeover.

The offer from Hicks and Gillett, who beat off competition from Dubai International Capital, is worth £5,000 per share.

It values the club at £174.1m and along with the club's £44.8m debt their offer is worth £218.9m.

But the pair are also thought to have guaranteed around £215m towards the cost of building a new stadium.

will split the cost, paying about £175m for the shares in the club, £80m to cover the debt and a further £215m towards a new stadium.

A club statement said: "Liverpool FC today announced that the board have agreed the terms of an offer for the club from Mr George Gillett and Mr Tom Hicks.

"The board are unanimously recommending that the club's shareholders accept this offer."

Moores added: "This club is my passion and forms a huge part of my life. After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad.

"I urge all my fellow shareholders to do the same and to support the offer. By doing so, I believe you will be backing the successful future of Liverpool.

"I am also delighted to accept the offer from the Hicks and Gillett families to continue my involvement in the club by becoming honorary life president."

Liverpool chief executive Rick Parry added: "This is great for Liverpool, our supporters and the shareholders - it is the beginning of a new era for the club.

"They are bringing to the table tremendous and relevant experience, a passion for sport, real resources and a strong commitment to the traditions of Liverpool.

"Their approach represents exactly the sort of genuine partnership that Liverpool has been seeking over recent times.

"We know that George and Tom want a long-term relationship with Liverpool and that they also understand the importance of investing in our success both on and off the field.

"They have made clear their intention to move as quickly as practicable on the financing and construction of our proposed new stadium at Stanley Park and also to support investment in the playing squad.

"This has been an important time for the club. We now have the right partners for the future. I am absolutely certain we have now ended up in the right place, with owners who will help the club succeed and prosper.

A joint statement from Gillett and Hicks said: "Liverpool is a fantastic club with a remarkable history and a passionate fanbase.

"We fully acknowledge and appreciate the unique heritage and rich history of Liverpool and intend to respect this heritage in the future.

"The Hicks family and the Gillett family are extremely excited about continuing the club's legacy and tradition.

"We are particularly pleased that David Moores and Rick Parry will have a continuing involvement in the club. For us continuity and stability are keys to the future."

http://news.bbc.co.uk/sport1/hi/foot...ol/6323037.stm

[disco]

can't wait for my first anfield half-pint of coors light

[saveferris]

Just happy we have the funds now to bring Igor Biscan back...I thought he was priceless but now we will have enough funds to complete in the market place, as the Americans have said in their statement.

[Rocket]

i could out drink you, you little cider drinking wurzel

[GordonGecko]

can't wait for my first anfield thimble of coors light

[Redbug1]

I'm tempted to go and celebrate our new American friends with a double-triple greasy cheeseburger, several large fattening milkshakes and 52 donuts.

I never normally eat them of course.

My body is a temple.

[GordonGecko]

haha Was a bit slow there ....

(mine was funnier)

[Rocket]

i could out drink you, you little cider drinking wurzel

[GordonGecko]

Deleted

[philred10]

enjoy your coors,brewed in beautiful alton, hampshire. not relevant but what the hell. interesting times ahead.

[Maestro]

Well the New World finally arrives at Anfield - I, for one, am excited.
Maybe now Hicks and Gillett can bring their business acumen to help us to compete with the Uniteds and Arsenals of this world.

****ing delighted this investment talk is - nearly - at an end too.

[Guest]

Well the New World finally arrives at Anfield - I, for one, am excited.
Maybe now Hicks and Gillett can bring their business acumen to help us to compete with the Uniteds and Arsenals of this world.

****ing delighted this investment talk is - nearly - at an end too.

Now what happens if the remaining shareholders refuse to sell their shares ?

[kurtangle01]

It'll be interesting to see what Rafa has to spend in the summer.