Investment may be days away

[friedk]

http://www.thisismoney.co.uk/investi...5&in_page_id=3

[cadmium]

Liverpool is set to be the latest major football club to fall to a foreign takeover after it emerged that the controlling Moores family is ready to sell up in a deal which could top £290m.

Heading the race for the Reds is colourful American businessman George Gillett, a sometime bankrupt and former owner of the iconic Harlem Globetrotters basketball team.

But the ambitions of Gillett are being pitched against the petrodollar firepower of Dubai International Capital, an investment arm of the Arab emirate headed by its horseracing-mad Crown Prince, Sheikh Mohammed.


David Moores, who controls the Littlewoods family pools fortune, is understood to be ready to sell part or all of his 51% shareholding in Liverpool. Although the club is £80m in debt and needs £180m to finance a move from the constricted Anfield to a new home in Stanley Park, Moores is believed to want an offer that will value the club's total share capital at £210m.

'The deal is just days away and though it's been neck and neck, Gillett may be pulling ahead,' said a City source.


Gillett, 67, the owner of Montreal Canadiens ice hockey team, appears to be aiming to ape the £800m takeover of Manchester United by Malcolm Glazer who, like Gillett, runs his businesses through his sons and is also a US sports franchise owner.


Based in Colorado with interests in car dealerships, meat-packing and grain, Gillett has made, lost and made again fortunes from the US skiing boom as owner of theVail resort.


As well as running the Harlem Globetrotters in the 1970s, he has been an owner of the Miami Dolphins gridiron franchise.

[The_weatherman]

I don´t know why, but I´m sceptical about this Gillet charachter............rather the Arabs but what do I know - we can always form a breakaway club if things get messy.

[hertsred]

Liverpool is set to be the latest major football club to fall to a foreign takeover after it emerged that the controlling Moores family is ready to sell up in a deal which could top £290m.

Gillett, 67, the owner of Montreal Canadiens ice hockey team, appears to be aiming to ape the £800m takeover of Manchester United by Malcolm Glazer who, like Gillett, runs his businesses through his sons and is also a US sports franchise owner.

.

Sounds a bit worrying. Ape the Scum takeover - if by that you mean put the club massively in debt to finance some rich guy taking control - then NO THANK YOU.

[Mumsafan]

Sounds a bit worrying. Ape the Scum takeover - if by that you mean put the club massively in debt to finance some rich guy taking control - then NO THANK YOU.

As we're not on the stock market like they were then that can't happen.

[The_weatherman]

Sounds a bit worrying. Ape the Scum takeover - if by that you mean put the club massively in debt to finance some rich guy taking control - then NO THANK YOU.

Serves us right for making fun of the Scum and Glazer - imagine what they can do with Liverpool Globetrotters

[Chris]

Hard to say if any deal is good, whether the new owner would be good etc etc when we are not really privvy to much info. Just have to trust Parry and Moores to make the right choice. They might have both made mistakes in the past but ive no doubt both want whats best for this football club and will do the right thing.

[desertscouser]

Serves us right for making fun of the Scum and Glazer - imagine what they can do with Liverpool Globetrotters

Let's not forget though, that the Glazers have spent big since they arrived including a 30 million quid purchase of Shrek. People make fun of the Mancs because of the Glazers but I reckon they're doing pretty well out of them so far.

As for 'investment being days away'....

[Dunk]

My pie money is on Barry Fry being the new owner.

[redlancer]

I don´t know why, but I´m sceptical about this Gillet charachter............rather the Arabs but what do I know - we can always form a breakaway club if things get messy.

we could call it everton and play down the road in a wooden shed
then again it will probably just attract people with chips on their shoulders

[Dunk]

we could call it everton and play down the road in a wooden shed
then again it will probably just attract people with chips on their shoulders

and pies???

[redlancer]

Serves us right for making fun of the Scum and Glazer - imagine what they can do with Liverpool Globetrotters

at least Crouch would feel at home

[Mumsafan]

we could call it everton and play down the road in a wooden shed
then again it will probably just attract people with chips on their shoulders

[cadmium]

we could call it everton and play down the road in a wooden shed
then again it will probably just attract people with chips on their shoulders

And when they win a game they wouldn't stop talking about it for years and years and years

[G]

As we're not on the stock market like they were then that can't happen.

Of course it can.If he is funding his purchase through loans like glazer did than it makes no difference whether our shares are publicly traded or not.The result is still the same,the new owner is massively in debt and so is the club.He's been bankrupt before so I he wouldn't fill me with confidence.