Liverpool takeover 'imminent'
Written by Ian O'flaherty
Sunday, 19 November 2006
Next Thursday could be a red letter day in the history of Liverpool FC.
No fewer than three prospective buyers are due to meet with the board with views to purchasing the club.
The three candidates are John Miskelly, a property millionaire from Belfast, US billionaire George Gillet and Dubai International Capital.
Reports have suggested that JPMorgan is the group advising DIC on how to approach any possible takeover, whilst NM Rothschild are the advisers to Mr Gillet.
Neither banks are strangers to the world of football: Rothschild are the group that advised Malcolm Glazer on his takeover of Manchester United, whereas JPMorgan provided the funds for the actual deal.
For the club's part, they are being advised by PricewaterhouseCoopers.
Gillet's offer is rumoured to be around the £250m mark which will consist of £150m for the club's shares and he will also take over the club's debts which are thought to be around £100m. As well as this, he will also contribute towards the building of the new stadium.
Part of Gillet's money for the deal will be raised from loans, but it is expected that he will not secure these loans on LFC's assets ie: the ground, future revenue, etc.
All Liverpool fans will be aware that this is not the first time a possible takeover has been suggested, but potential deals in the last few years have failed to materialise.
A possible reason for the lack of investment so far may have been Liverpool chairman David Moores' asking price. Moores has valued the club at £300m, a figure which has put potential investors off investing in the club.
question who is john miskelly??
Written by Ian O'flaherty
Sunday, 19 November 2006
Next Thursday could be a red letter day in the history of Liverpool FC.
No fewer than three prospective buyers are due to meet with the board with views to purchasing the club.
The three candidates are John Miskelly, a property millionaire from Belfast, US billionaire George Gillet and Dubai International Capital.
Reports have suggested that JPMorgan is the group advising DIC on how to approach any possible takeover, whilst NM Rothschild are the advisers to Mr Gillet.
Neither banks are strangers to the world of football: Rothschild are the group that advised Malcolm Glazer on his takeover of Manchester United, whereas JPMorgan provided the funds for the actual deal.
For the club's part, they are being advised by PricewaterhouseCoopers.
Gillet's offer is rumoured to be around the £250m mark which will consist of £150m for the club's shares and he will also take over the club's debts which are thought to be around £100m. As well as this, he will also contribute towards the building of the new stadium.
Part of Gillet's money for the deal will be raised from loans, but it is expected that he will not secure these loans on LFC's assets ie: the ground, future revenue, etc.
All Liverpool fans will be aware that this is not the first time a possible takeover has been suggested, but potential deals in the last few years have failed to materialise.
A possible reason for the lack of investment so far may have been Liverpool chairman David Moores' asking price. Moores has valued the club at £300m, a figure which has put potential investors off investing in the club.
question who is john miskelly??

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