Investment may be days away

[jayjay]

I found this in an article on forbes.com.

It seems he likes borrowing against club assets

"Earlier this year, George Gillett, who bought the Montreal Canadiens and the Bell Centre for $181 million in 2001, borrowed $240 million (most of which was secured by the arena). The financing allowed Gillett to pay himself a $72 million dividend."

word in the world trade centre, in he dam, is that Moores is looking for any debt to be personnally gauranteed. I wouldn't expect anything less from him. I'm sure this could have possibly delayed any deal.

[jayjay]

There on to us already ..



BCMC = Booth Creek Management Corp. Georgies investment company.

Good man Jim, good to see ya over here

[Rosco]

I remain sceptical about this "investment".

It's not investment, it's somebody buying Moores shares. He'll have 51% of them if he buys them. Moores is trying to ensure that part of the deal is that Gillett has to buy the unissued share capital as well. It's this unissued share capital which will be our "investment". Some of it will go to our transfer kitty. As I've said elsewhere I don't think our spending is going to change massively in the short term no matter who buys Moores shares. He still won't be able to plough money into the club willy nilly because issues of ownership and share capital structure will arise. Do you think the likes of Steve Morgan will be happy with his shareholding being diluted ? Those owners of the other 49% of shares can make life difficult for a new majority shareholder, not every resolution can be passed by a bare majority.
These potential new all in it to make money for themselves. They're not in it for the clubs best interests, but the clubs interests may be better served by a new majority shareholder.

At a time when football attendances are falling around the league, Liverpool have a 10-15 year season ticket list and a 6 year corporate box list. That's instant demand that we have no supply for. The first priority will be a new stadium to capitalise on the excess demand. In the short term (prior to the stadium being built) I reckon our ticket prices will take a jump, we're amongst the cheapest in the League and I don't see either of the potential new majority shareholder having much sympathy for those who already struggle to cover the cost of tickets.

Somebody mentioned possible borrowings and how it's the way in America that sports franchises in America are normally heavily in debt. Well they don't need to qualify for European qualification (because there's no equivalent) and they don't have to deal with the prospect of relegation. There financial model is High Financial risk, with relatively low business risk. We on the other hand will have high financial risk and high business risk (provided the new owner borrows heavily to finance any deal) which is a recipe for disaster.



In ten years time our club could be completely unrecognisable from the one we know and love today. I'm not sure whether that's going to be good or bad.

[Mumsafan]

I thought Rooney was pre Glazier takeover.

He was

[Rushian]

Took me a few days , but I found this Gillette dudes aircraft reg .

N25GG , a CL-600, last seen at Liverpool airport on the 20th of November.

I''ll be stal..errr..watching him when I get back from buying my new anorak.

Interestingly it was also photographed at Cardiff-Rhoose airport on August 13th:

http://www.jetphotos.net/showphotos.php?regsearch=N25GG

now what possibly could have been going on in Cardiff that Sunday?

[IrishPaul]

Took me a few days , but I found this Gillette dudes aircraft reg .

N25GG , a CL-600, last seen at Liverpool airport on the 20th of November.

I''ll be stal..errr..watching him when I get back from buying my new anorak.

Uh-Oh Here We Go Again!!!!!

[Jimthered]

Interestingly it was also photographed at Cardiff-Rhoose airport on August 13th:

http://www.jetphotos.net/showphotos.php?regsearch=N25GG

now what possibly could have been going on in Cardiff that Sunday?

Welcome to the plane spotters club :doessecretspottershandshake:

What kind of anorak do you wear ?

[Jimthered]

Uh-Oh Here We Go Again!!!!!

Hello Irish Paul top bloke .

[Jimthered]

From the newspapers..

When Liverpool visited Birmingham last week for the Carling Cup there were two prominent absentees from their 'team'. Neither the chairman, David Moores, nor the chief executive, Rick Parry, was there.

It is unusual for either, particularly Moores, to miss a match. I am told that the reason for the absence was that they were in North America visiting George Gillett, the owner of the Montreal ice-hockey team, who wants to buy Liverpool.

(Georges plane was in Liverpool at midday on the 5th, left in the evening of the 6th and returned again on the morning of the 9th : Jim)

Parry was recently in Dubai, and although the word was that he was there with his family over half-term, I understand he met Samir Ansari, head of Dubai International Capital, part of Dubai Holdings, who is a fervent Liverpool fan and is interested in buying the club. Parry, it seems, prefers Ansari to Gillett.

The supposed Liverpool takeover began two years ago with the then Thai prime minister expressing interest. He has since been toppled, is living in exile in London and has, incidentally, been spotted at Fulham matches.

advertisementThere is no resolution and little word from Liverpool about what is happening. I am told that there are two sticking points.

One is that Moores gets depressed the moment Liverpool lose and thinks of selling, but then bucks up with a win and does not want to let go.

There is also the problem of how much any bidder would pay. Moores is valuing the club at £200million. Liverpool need another £200million for their new stadium. Add in some £30-£50million over the next few years for players and other costs and debts and you are soon looking at £500million.

Liverpool have big support overseas, but a bidder with such deep pockets would want to put much of that money into the club, not give it to Moores and the existing shareholders.

I understand Gillett told them that he might be willing to invest a total of £450m but would want much of it going into the club for the stadium and players, and would want to take full control and bring in his own people.

That, I am told, remains a sticking point for Moores.

[AFII]

Stadium £200m and players around £100m. I wonder if he can get Moores to sell for £150m?

[ronan]

from a poster on rawk

http://www.eatsleepsport.com/news_details.aspx?story_id=468618&l_id=1&t_id=44

Dubai Holdings agree Reds deal

Dubai Holdings has secured a deal in principle to invest in the Reds with Rafa Benitez set to receive significant transfer funds.
It is understood a deal was agreed late on Friday evening for the Middle Eastern investors to buy into the club although it is not yet clear if they have secured a controlling interest.

Reds' chief executive Rick Parry has been in negotiation with Dubai Holdings for two years and it is understood that the deal will release considerable funds for team strengthening and for the new stadium project.

Dubai Holdings, the Middle Eastern state's investment arm, looks to big global projects having recently secured an £800m purchase of Madame Tussaud's and the £675m buyout of Travelodge hotels.

They recognise Liverpool's incredible world-wide appeal and are said to be keen to put the club on a level financial footing with the likes of Chelsea and Real Madrid

[AFII]

This probably means that we will sign Alves is this is true.

[Morph]

I think somethings going to happen soon, because all has gone quiet on the stadium front, after everything being agreed. It's as if they are waiting for something.

[blacky]

I'll be keeping a close eye on the media reports this weekend!!

[Red Chilli]

This probably means that we will sign Alves is this is true.

And Torres :whatever: