Barabis

surely though if a buyer comes in covering all the debt then that would appease RBS and they would sit back and wait for it to go through? As long as there was proof of finance obviously

It's all very well saying that G & H have to go with the board decision but lets not forget that they are the owners of the club. The only reason they have to listen to the board is because RBS have made it a condition of refinancing the loan. Now if the yanks find themselves a buyer on their own they can surely just rip up the agreement with RBS to let Broughton handle the sale go with their preferred choice. I think far too much power has been attributed to Broughton and the board. Lets not forget the yanks own 50% each and ultimately what they say goes and the only thing that was ever putting them at the mercy of the board was the threat of RBS calling the debt in and by finding themselves a buyer that threat is no longer there. Now that's the way I see this, unless I've completely misunderstood the whole process?

"All of the paper talk about Huang has been fiction. There may be an official denial tomorrow. " is what NYR said last night. Pretty hit the nail on the head lol

All this breaking news stuff is just based on one email to a sky reporter from Kirdie

I wonder what the chances are of the Syrian bid falling through at the 11th hour and those two clowns still being in charge come the new season. Obviously this is some desperate plan by GG to derail the Huang bid. God I hope Broughton does the right thing here

Hicks!!!! Get Broughton on the phone, he's only gone and sold the club from under us!!!!!

http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/7924697/Liverpool-approach-Premier-League-as-potential-sale-gathers-momentum.html Liverpool approach Premier League as potential sale gathers momentum Liverpool chairman Martin Broughton and at least one potential bidder for the club have alerted the Premier League to a possible change of ownership at Anfield. By Paul Kelso, Chief Sports Reporter Published: 7:00PM BST 03 Aug 2010 Up for sale: Liverpool may soon change hands again Photo: REUTERS In a further sign that momentum is gathering towards the possible sale of the club this month, Liverpool have opened discussions with the League to ensure that any new owner complies with its ownership rules. Under new regulations the League requires 10 days' notice of any change of ownership or the appointment of new directors. Any new owners must also meet the Premier League board in person and provide proof that they have the funds to buy the club and sustain it for a full season. While no buyer has yet entered the 10-day period, it is understood that senior club officials and potential new owners have contacted the League to alert them to a potential change. Broughton is keen to conclude a deal before the end of the transfer window this month, and his confidence that there will be fresh investment at Anfield is understood to have played a part in Fernando Torres pledging his future to the club on Tuesday. Broughton has also indicated that there are several potential bidders keen to take over from Americans Tom Hicks and George Gillett, but thus far only Chinese businessman Kenneth Huang has made his intentions explicit. Huang, the Hong Kong-based chairman of QSJ Sports, initially approached the Royal Bank of Scotland, which has lent around £237 million to the Americans, in an attempt to exploit anxiety about their financial position and force a sale on the club board. The bank, which initially denied it had had contact with Huang, referred him to Broughton and Barclay Capital, the investment bankers appointed to find new owners. Huang is hoping to secure the club for no more than £300 million, a valuation that will cover the club's debt but not provide the Americans with the profit they envisaged when they launched their leveraged takeover in 2007. If Huang is to complete a deal and comply with the Premier League rules he will have to provide the proof of funds so far lacking from explanations of his plans. As yet his UK advisers have declined to say who is backing Huang's bid, saying only that he has the support of a Far Eastern sovereign wealth fund. The assumption is that the source of his capital is Chinese. Huang's decision to go public with his bid for the club was an attempt to pressure RBS and Broughton into pressing forward with his offer. While Hicks and Gillett are highly unlikely to approve any deal that does not reflect the value they believe they have added to the club, the other members of the board could overrule them and approve a sale. As well as Broughton, managing director Christian Purslow and commercial director Ian Ayre sit on the board, and together could outvote the Americans.

Investors deem Liverpool shares ''worthless'' By Harry Harris, Football Correspondent August 3, 2010 Liverpool's potential investors, a Far East Sovereign Wealth Fund that includes Kenny Huang, are looking to secure a takeover of the club at a knockdown price. GettyImages George Gillett and Tom Hicks are looking for investment. The investors intend to use their funds to pay for the new stadium and new players rather than line the pockets of owners George Gillett and Tom Hicks as the shares are "worthless". "The owners will be a Far East Sovereign Wealth Fund of which Kenny Huang will be one of two main partners and owners of Liverpool football club,'' a source close to the talks revealed. "The Sovereign Wealth Fund has been in touch with the Royal Bank of Scotland and the Liverpool board to inform them that they do not value the equity of the company higher than the debt. "The debt stands at around £350 million and at the moment the valuation is based on between 80p to £1 in the pound, but no more. In layman's terms the shares are worthless, and therefore there is no offer to the current shareholders." That means that the offer from the Sovereign Wealth Fund is to cover all of Liverpool's current debts, most of which are with the RBS at close to £240 million. A guarantee that RBS will get its money back is extremely appealing to the bank, but not to Hicks and Gillett. "The problem for the bank is that if this offer is not accepted soon, then the value drops, it drops if it goes past the point where investment cannot be made in new players, and to persuade the best players to stay,'' the source added. "You can understand why Gillett and Hicks would say no, because they want some value from their shares. "It has been suggested there are alternative bids, but from the Sovereign Wealth Fund's perspective, that's fine. If they do not materialise there is a danger that the financial crisis will depend upon the extent that Liverpool go into distress. "The new chairman was appointed by the bank as part of their agreement to extend the loan facility, but it has now emerged that the bank can call in part of that loan in October. If Liverpool do not accept this deal which is on the table, then the alternative could be dire, if they cannot find an alternative buyer. "The board are faced with a stark choice, they could be faced with a sharp dip in valuation of the company, top players leaving and little funds to buy new ones. What this takeover will provide is the funds to start construction on a new stadium which is long overdue. This is crucial. You are not in the game if you do not have a modern stadium.'' http://soccernet.espn.go.com/news/story?id=811527&sec=england&cc=5739

How terribly sad. Thoughts with family, YNWA RIP

I cant see how G&H can try and stall things with the ultimate goal of keeping the club. Surely if RBS insisted on Broughton coming in would be to address the scenario of a decent offer coming in, lets say £350m and either of the two clowns refusing it. At which point Broughton would IMO inform RBS of the offer and they in turn be informing G&H its either £350m or we take the club from you

Looks like Mascherano is staying http://www.teamtalk.com/football/story/0,1...5477922,00.html

its now on website on the news ticker thing on the sports homepage

BBC news (TV) now reporting RBS have agreed to re-service debt

Email sent, what a satisfying way to start my Saturday, hope that turd gets waht's coming

http://www.youtube.com/watch?v=VVo_gIAIIsw bought back a few memories

benitez opens talks

to be honest I think anyone with anything to hide would have destroyed the incriminating evidence at the time. The most we can hope for is the oversight of a small but perhaps significant detail which may have been overlooked at the time. This may not be such a long shot when you consider the large amount of paperwork involved.

thanks for the link.

I just think it's inexcusable that as one of our players (and i use the term 'player' loosely), on the 20th anniversary of Hillsborough he is behaving in that way. Your right though, he does seem a right thick f*****, I swear a 14 year old behaving like that would be considered immature.

Is he having a laugh? He'd be wise not to show his face amongst any Liverpool fans, let alone any of the families. click

Apologies if already posted http://www.dailystar.co.uk/news/view/77207...ublic-inquiry-/ http://www.liverpooldailypost.co.uk/liverp...92534-23404688/ http://www.clickliverpool.com/news/nationa...-opened-up.html

More from Burnham. Amongst other things he states that he thinks he 30 year rule for the release of all the official documents should be waived. http://www.teamtalk.com/football/story/0,1...5194118,00.html

affray first offence will probably be a fine and maybe short community sentence. No way a custodial sentence.

http://www.marca.com/2009/03/10/futbol/lig...1236722484.html Its goes on about how Cassillas left Anfield in tears. Lol we broke 'em

The Liverpool way was winning everything in site... under Moores we set ourselves up to match united's 26 year league draught. Yes Moores meant well but that's little consolation to how we've become also rans most seasons. "Also rans" is most definitely not the Liverpool way.