Dubai International to make bid for Liverpool FC

[CrazyHorse]

theres definitely smoke building regarding gillette selling to dic...

from http://football.guardian.co.uk/News_...src=rss&feed=5

"One week after the refinancing deal that seemed to have secured the Americans' Anfield tenure, Gillett has still to endorse his business partner's plans for the club or state, as Hicks has done, that his 50% stake in Liverpool is not for sale. Their ownership of the club will attract fresh protest from supporters at this evening's home game against Sunderland and the apparently fractured relationship has bolstered DIC's confidence that it can finally take control. The investment arm of the Dubai government has spent the past week studying the £350m refinancing loan and it is believed a formal offer to Gillett and Hicks may be submitted in the next seven days. Hicks, however, will not even consider walking away without a substantial profit on the table."

[serenejim]

What a thread! Taken over my life the last few weeks. The reason for this is that I am desperately worried about LFC , where we are and where we may end up. One of the prime reasons I read the thread is to get the occasional snippet of inside information and without doubt the thread has been peppered with inside info from a number of posters. It saddens me to see these people constantly abused from people who essentially know eff all but who think their views take a priority over other people who actually have some info. There is a lot of "debate" based on the "My dads bigger than your dad" school of philosophy. Some posters on here appear incapable of simply posting an opinion and leaving it at that. They pursue their "argument" with multiple postings hounding other posters. For me "Johnny" is the winner in this category. You all need to take a good look at yourselves. Review all your posts. How many have added to the debate? How many have simply been repeating the same argument over and over. Why don't you count your posts and ask why you need dozens/hundreds of posts repeating the same thing over and over. We are all entitled to our opinions. I do not however believe we are entitled to hound other posters for their different opinions. I do not believe we are entitled to make numerous posts saying essentially the same thing over and over.Might I suggest some rules as follows-
1-We are all entitled to our opinion-
2-We are all entitled to express that opinion-
3-we are all entitled to express our opinion without receiving abuse from others who do not agree with it.
4-We are not entitled to make endless repeated posts saying essentially the same thing. When you have expressed an opinion leave it there.
5-Anyone posting inside information should be respected unless you have some cast iron evidence the info is false.
6-if you don't like other posters opinions-TOUGH. Get over it. WHY ARE YOU READING AN INTERNET FORUM? It will be full of opinions you won't like.
6-IMO posters dishing out repeated and persistent abuse and posters who say the same thing over and over should be suspended for -say-24 hours.If they persist with the same behaviour they should be permanently banned. This will considerable reduce the level of nastiness and bollocks on the site
And finally IMO LFC is at a crossroads. If we do not succeed in removing Hicks I fear for the future of the club both financially and as an institution. We are all tearing ourselves apart at the present and this will only get worse the longer Hicks is dripping his poison into the club. I have supported the club since 1963 and have seen a lot. I always took immense pride in the club and it's supporters. I am deeply upset at what is now happening.We have to get Hicks out. If this takes short term pain and damage to the club I will accept this. If we do not qualify for the Champions League next season it is like the Hicks/Gillett business plan will be severely compromised and they may be forced to sell. For this reason I take some comfort from our present league position. It may be causing them some concern. It is like a person with cancer. To get well they need chemotherapy. This is very nasty and brutish causing greater pain and suffering in the short term.It is a choice but if not taken is likely to result in certain death. In the long term however it allows life to continue. This is where we are. We have to suffer short term for long term benefit. For all those going to the game today I would ask that you make your opposition to Hicks loud and proud.IMO this is more important than a win today. We need to reclaim our club. For this-today-you are responsible.
Remember-this is My opinion-I am entitled to express it without receiving abuse. If you don't like it scroll to the next poster.

[coop]

DIC want full control of the club but if they see getting 50% of club as getting there foot in the door then they will do that then work on getting the other 50%.

I think Gillett is at breaking point as regards his finance and Hicks is a stubborn old so and so who just keep holding out for a large profit, something DIC wont offer.

[Lecter]

I do not understand business at this level so I have a question I need answering if you could please?

Even though Hicks has first option on Gillett's shares, if GG were to receive an offer for his shares from a third party doesn't this only mean that Hicks has to match the bid, it can't give him veto power to prevent a higher bid going through can it?

He'd have to match the bid

I think the opinion is he'd struggle to do that, I dont think they are that cash rich and they are leveraged upto the hilt

[Lecter]

just a thought, could gillet sell to dic, which would then be a statement of intent from the dics.....i am sure the crowds would be vociferous in there hatred of hicks if we knew they were defo in!! and the dics have a hell of a lot more power than gillett

We could then force hicks out and gillett could have his half

Lets just say DIC bought out Gilletts share

This would give them voting rights on the board / equal with Hicks with Parry & Moores having the deciding vote

I believe I am right that any dividends that would be drawn down from LFC to Kop Holdings (to service their loan) would have to be voted for by a majority of board members

So essentially if DIC got their hands on either set of shares they could veto dividend payments to Kop Holdings therefore putting pressure on their partner to service the Kop holdings loan out of their own pockets

Could really be a way of testing Hicks' metal it would also see how deep his pockets truely are

[CAD]

Hicks could bring in a third party to buy Gilletts shares? He knows Kraft, right?

[el matador]

He'd have to match the bid

I think the opinion is he'd struggle to do that, I dont think they are that cash rich and they are leveraged upto the hilt

as their assets in america have suffered a serious hit and are now valued much lower than 12 months ago I think they would struggle to put up the security to borrow any more money from the banks. Could you imagine Hicks with an initial £350 loan from RBS and say another £200m plus loan to buy out Gillett and then have to find another £250m for the stadium. He would in in debt to the tune of £800m.

Or should I say WE would be in debt to the tune of £800m. It just wont happen. He does not have the financial power to do it.

[red g]

Lets just say DIC bought out Gilletts share

This would give them voting rights on the board / equal with Hicks with Parry & Moores having the deciding vote

I believe I am right that any dividends that would be drawn down from LFC to Kop Holdings (to service their loan) would have to be voted for by a majority of board members

So essentially if DIC got their hands on either set of shares they could veto dividend payments to Kop Holdings therefore putting pressure on their partner to service the Kop holdings loan out of their own pockets

Could really be a way of testing Hicks' metal it would also see how deep his pockets truely are

well it seems like one big game of pokeer to me....hence my thoughts on gillette selling to dic. there is no way hicks could match dic's pockets and if they let it know they wanted to put 50million into the team, hicks would have to match or sell up....as i am sure the fans would have something to say....

i suppose it depends how much he wants to be hated!!

[red g]

Hicks could bring in a third party to buy Gilletts shares? He knows Kraft, right?

i think gillett would sell to dic first, let hicks sell to kraft .......kraft and dic

[CAD]

i think gillett would sell to dic first, let hicks sell to kraft .......kraft and dic

But if Hicks has an option to buy Gilletts shares he could do that and then bring in Kraft himself. He only has to match whatever offer DIC might give Gillett. Hick has all the aces as far as I can see...

DIC has to go over the top to get a hold of LFC. I can't see that happening.

Kraft and Hicks? How about that?

[sonsofthedesert]

This would be the reason why Hicks has to go first.

[CAD]

This would be the reason why Hicks has to go first.

Yes.

Or Gillett and Hicks sell 1/3 to Kraft?! They look like they could use a mediator.

[red g]

But if Hicks has an option to buy Gilletts shares he could do that and then bring in Kraft himself. He only has to match whatever offer DIC might give Gillett. Hick has all the aces as far as I can see...

DIC has to go over the top to get a hold of LFC. I can't see that happening.

Kraft and Hicks? How about that?

without reading 5000 posts is this fact? i would have thought that if either were to sell it would be upto the board and not the partners......but then i dont know what the set up for the shares are

[MattB]

Yes.

Or Gillett and Hicks sell 1/3 to Kraft?! They look like they could use a mediator.

Can't see how Kraft would be any different to Hicks - he is not cash rich and no more flush than Hicks, so it would have to be a leveraged buyout again. Frying pan/fire?

[CAD]

without reading 5000 posts is this fact? i would have thought that if either were to sell it would be upto the board and not the partners......but then i dont know what the set up for the shares are

I can't say that I know it's a fact. But it's standard procedure. I would be very surprised if they didn't have options on each other. They are 50/50 partners. I am 99,7635% sure they have an option to buy if one of them wants to sell. Still, they would have to meet any bids per share and it could get pricey.