Investment may be days away

[Chris]

A top City source confirmed: "It looks like a deal for Liverpool will be done soon and Gillett is now the hot favourite."

Got to love the made up quotes

[kurtangle01]

From NOTW...


YANKFIELD

By Rob Shepherd

LIVERPOOL are close to agreeing a £400million takeover deal with the former owner of the Harlem Globetrotters.

I can reveal that American billionaire George Gillett is set to pip Sheik Mohammed's Dubai International Capital in the chase to own the Kop.

Gillett will become the SIXTH foreign investor to buy into the Premiership, following Eggert Magnusson at West Ham, Randy Lerner at Aston Villa and Malcolm Glazer at Manchester United.

A top City source confirmed: "It looks like a deal for Liverpool will be done soon and Gillett is now the hot favourite."

Liverpool chairman David Moores and chief executive Rick Parry met Gillett recently in Montreal to thrash out terms.

Dolphins

Gillett has a history of investment in top American sport.

He bought the Montreal Canadians ice hockey club in 2001 after bids to buy the Colorado Avalanche and Florida Panthers clubs fell through.

He used to be part-owner and business manager of the NFL's Miami Dolphins as well as the Globetrotters basketball team.

His businesses include six ski resorts and several golf courses.

The 68-year-old also owns a media company and is one of the largest producers of chicken products in the States.

He has shares in Silverthorne Motors and in car dealerships selling Chryslers and Jeeps across America.

Bidders

I understand he has offered £250million for Liverpool, which includes covering £100m of club debt, and has pledged to spend a further £200m to fund a new 60,000-seat stadium at Stanley Park.

Gillett's rival bidders, Dubai Investment Capital — the private equity arm of the Arab state — and Belfast-born property millionaire John Miskelly, are not completely out of the picture.

But Liverpool are anxious to make a decision soon before embarking on their ground redevelopment.

Gillett's offer gives them the financial foundation they are looking for.

Hmm, sounds bollocks to me.

[Rocket]

i did a google search for Gillet. it came up with

I hope its the First one



&

[kurtangle01]

Got to love the made up quotes

Very true.

[OldManRed]

But not being the slightest bit clued up on what sort of players Rafa wants then it would still be up to him to sign who he sees fit to help us improve.

Agreed, but my comment related to the post suggesting Rafa wouldn't splash the cash but would invest in youth.
Surely Rafa would have to act in line with the business objectives of the owner which would determine spending policy. Within that policy he would have the freedom to choose players (at least I would hope so, otherwise it would be like at the Che and he'd not be a happy bunny)

[kurtangle01]

Agreed, but my comment related to the post suggesting Rafa wouldn't splash the cash but would invest in youth.
Surely Rafa would have to act in line with the business objectives of the owner which would determine spending policy. Within that policy he would have the freedom to choose players (at least I would hope so, otherwise it would be like at the Che and he'd not be a happy bunny)

Yes of course the new owner could say that he wants the club to be serious challengers for the prem within 2 years and tell Rafa that he has X amount to help him achieve that goal. However I couldn't see it being a situation where Rafa is obliged to spend all the cash. I'm sure that it would make his job easier and it could help him compete more suitably with the Chavs and the scum in the transfer market. I don't think the new owner would or should have a say in who is bought though.

[Jimthered]

which is a load of bollocks as there was no meeting on Friday.But expect a huge announcement this week.

Two different people are now saying there was a meeting Friday night, (not a board meeting) also that Morgan flew back early from where he was to attend that meeting.

[kurtangle01]

Two different people are now saying there was a meeting Friday night, (not a board meeting) also that Morgan flew back early from where he was to attend that meeting.

Why would Steve Morgan be at a board meeting or any meeting regarding the clubs future for that matter? He's not even on the board.

[Jimthered]

Because he's the third largest shareholder.

[ronan]

A lad on another forum is saying Jim Beglin was doing our game for Irish TV and said during commentary there was an emergency board meeting last night and something to be announced this week.

.

no he didnt,never said anything about an announcement
simply said he was suprised there was nothing in the papers this morning about it.

[Jimthered]

Ronan, that is without a doubt the best avatar I have ever seen .

They need to put that up at Anfield on a giant screen when the scum visit.

[kurtangle01]

Because he's the third largest shareholder.

That means nothing because he has absolutely no say in how the club is run so he would not be consulted regarding the potential sale. He would be informed with the rest of the shareholders. He might know a bit more of the goings on but he wouldn't have been at any meeting.

[desertscouser]

That means nothing because he has absolutely no say in how the club is run so he would not be consulted regarding the potential sale. He would be informed with the rest of the shareholders. He might know a bit more of the goings on but he wouldn't have been at any meeting.

Well apparently Morgan met up with Zico a few days ago

[kurtangle01]

Well apparently Morgan met up with Zico a few days ago

I wonder what Morgan told him. Struggles to hold in laughter!!!

[Jimthered]

He may not have a say in how the club is run along with the other shareholders who control the rest of the 40% of the club, but he will have a say in who buys the club along with the other shareholders.

Moores holds 51% of the shares and some others are held for him , but at most he holds 60% .

If the bidder is just trying to buy Moores share then he of course would only talk with Moores.

If the bidder wanted the club "lock stock and barrell" then all the shareholders have to agree to it, so they would be consulted or attend a meeting about selling the club.