DIC latest - the largely wild speculation thread

[Jayesh87]

Parry looked nervous as hell when asked about the situation.
Also looked pissed of at Hicks and said they would have to ask him why he rejected DIC's bid and about him looking for new investers.
Said that we will be concentrating on 4th and the champions league and the ownership saga will take care of itself.

[AFII]

Parry looked nervous as hell when asked about the situation.
Also looked pissed of at Hicks and said they would have to ask him why he rejected DIC's bid and about him looking for new investers.
Said that we will be concentrating on 4th and the champions league and the ownership saga will take care of itself.

Sounds like Parry believes that Hicks have no chance at all and he is acting like a grumpy old man.

[Jayesh87]

Sounds like Parry believes that Hicks have no chance at all and he is acting like a grumpy old man.

Didnt sound like that at all

Just seemed annoyed.

[Sarb]

Barrett is running the GG story on the $ situation, but again refuses to write anything else on other investors, DIC etc. Very strange

[fred_plasticine]

i think the one thing that is clear is that hicks DOES have a veto on gillets share option.the other clear thing is that veto will only be for a set time.

hicks cant indefinately block gg selling his shares,that would be crazy as there not hicks shares to decide over, the 90 day limit (90 days at the most imo) is simply there to allow the other party to find the investment and match any current bid for the shares in question.

DIC arent stupid and they know that hicks cant get anywhere near there bid and so are sitting tight imo with a press embagoor possibly the deal is aggreed and this is a time of due dilligence, all i think is dic will be in full control come august imho.

doesn't it all depend on the contract they both agreed on? if they agreed that one can prevent the other one from selling then it's a legal binding whether it makes sense or whether it is a wise decision to agree on such a clause is a different matter all together.
as far as i know the 90 day limit has not been confirmed. if there was such a clause dic needn't worry anyway.

[MattB]

Parry looked nervous as hell when asked about the situation.
Also looked pissed of at Hicks and said they would have to ask him why he rejected DIC's bid and about him looking for new investers.
Said that we will be concentrating on 4th and the champions league and the ownership saga will take care of itself.

When was this?

[Jayesh87]

When was this?

CL draw.

So about 30 mins ago

[wishiwasascouser]

http://blogs.independent.co.uk/extratime/2008/03/in-his-own-word.html

Football: Economics not emotion on Merseyside
By Ian Herbert

Here it is then – George Gillett, in his own words, on why it’s so difficult to own half of Liverpool FC.

Gillett’s been keeping his head down so much that rumours doing the rounds last week had it that his inclination to offload his 50% share at Anfield might have something to do with him having pneumonia.

Amanda Staveley corrected that impression late on Friday night “I’ve just been speaking to him – he was on the golf course,” she said – and though getting him to talk about Liverpool at the IMG World Congress of Sports event at Dana Point, California, was evidently like getting blood out of stone, the essential point became clear. Liverpool is about economics more than emotion and the weakness of the dollar means his investment is just not paying for him. “It’s made it more difficult in terms of investing in those businesses because the dollar is really tremendously weak compared to where we started,” he said.

Listen (on the last of the clips) to Gillett talking about his other franchises though – the Montreal Candians ice hockey team and the Gillett Evernham Motorsports NASCAR racing team – and you really do get the unmistakable impression that ‘soccer’ just isn’t the labour of love for him that the other two franchises are.

There’s the against-all-odds ice hockey success (‘we’ve gone with kids and built with them’) and the sheer numbers (75-80m) turning out for NASCAR. That’s the kind of enthusiasm you need when the financial markets are crippling you.

What applies to Gillett does so for Hicks, too, of course. Does he really have minority shareholders interested to help him with the steepling increase in steel costs for the new stadium, as he says he does. Many Liverpool fans remain unconvinced. No wonder the noises emanating from DIC still point to a reopening of talks on a 49% takeover for them.

[Vermilion]

That's completely consistent with what I am seeing. No opportunity for organic growth, can't afford acquisitions, so expense reduction is all the rage. I'm sure you've noticed that all of the banks caught up in the sub-prime fiasco are being bailed out eastern sovereign funds. No american companies can afford it and so the money is coming from the middle east / china etc.

The parallels with our situation are ironic. We've got a sovereign fund knoking on the door (DIC) Instead we are dealing with paupers who will be in recession for the next 5 years

It's always a strain for me to see our situation spelled out in Black & White terms like this, bloody infuriating we've/the club have been caught out in this way, & by someone with a Stubborn Unwavering Greediness built into his personality.

This must be one of the biggest football business cock ups of all time.

[fah-q]

Surely Leeds was more of a **** up

[Vermilion]

Surely Leeds was more of a **** up

Yes it was, as i said, this is "one of the biggest".

But if we end up in Leeds position we'll top them. Long way to go yet to get to that state, hopefully.

[pezzzer]

Parry looked nervous as hell when asked about the situation.
Also looked pissed of at Hicks and said they would have to ask him why he rejected DIC's bid and about him looking for new investers.
Said that we will be concentrating on 4th and the champions league and the ownership saga will take care of itself.

he wasnt too pissed off when he bought his new ferrari from the £500,000 thank you from hicks and gillet, cunt

[El Jefecito]

[/B]

It's always a strain for me to see our situation spelled out in Black & White terms like this, bloody infuriating we've/the club has been caught out in this way, & by someone with a Stubborn Unwavering Greediness built into his personality.

This must be one of the biggest football business cock ups of all time.

TBH I think we'll be OK, not as good as under DIC and it will be a wild ride!

[redhorizon]

Could Gillette sell 98% and under of his shares with out the say so from Hicks?

[El Jefecito]

Could Gillette sell 98% and under of his shares with out the say so from Hicks?

I think Gillett is still buddy enough with Hicks that he won't go against him