New Stadium Deadline

[Ian Mc]

Heard something today from a colleague in work about a possible irish investment proposal into LFC, eminating from Northern Ireland not Southern.

 

Ulster Bank was mentioned, underwriting a significant chunk of this proposal to the tune of £200M.

 

An Irish-Spanish-Asian takeover ..... is rite

 

 

PS: The guy who told me in work would not mention any names, but said to me his son is working in the banking/investment arena and was involved in some capacity with the due dilligence that is currently ongoing at LFC. Just passing on what i was told

Edited May 3, 2006 by Ian Mc

[anny road]

Heard something today from a colleague in work about a possible irish investment proposal into LFC, eminating from Northern Ireland not Southern.

 

Ulster Bank was mentioned, underwriting a significant chunk of this proposal to the tune of £200M.

 

An Irish-Spanish-Asian takeover ..... is rite

 

 

Big Wayne?

[Benzo-13]

Are gonna be selling their "real" Tayto, Tapas and Balti's?

 

[Bootser]

Big Wayne?

 

Asian takeaway.

[Rushian]

heard the architects have completed the drawings ready for formal tenders from contractors and it's full speed ahead working on the 3D drawings for interiors of the corporate suites etc so it seems someone is pressing the accelerator.

[R A Softlad]

Sack Parry if he has his foot on the brake or hand twitching nervously over the handbrake!

[Guest Assassin]

 

 

Anyone know who the council-approved contractor is ?

 

As long as it isnt Squinty cùnt faced Morgan I will be well happy

[Mono]

Heard something today from a colleague in work about a possible irish investment proposal into LFC, eminating from Northern Ireland not Southern.

 

Ulster Bank was mentioned, underwriting a significant chunk of this proposal to the tune of £200M.

 

An Irish-Spanish-Asian takeover ..... is rite

PS: The guy who told me in work would not mention any names, but said to me his son is working in the banking/investment arena and was involved in some capacity with the due dilligence that is currently ongoing at LFC. Just passing on what i was told

 

It isn't £26M in used Northern Bank notes is it?

[liverbird04]

"An Irish-Spanish-Asian takeover ..... is rite"

 

sounds complicated but there has been rumours of a consortium getting involved ,never seemed highly likely it would be one single investor.

[Maldini]

I vaguely remember a rumour like this about this time last year, people were guessing at Joe O'Reilly at the time

[Maldini]

who is that ?

Billionaire property developer, don't think there was anything in it, you never know though

[Guest Makaveli Smith]

It isn't £26M in used Northern Bank notes is it?

 

As an Irish person myself I find that very offensive, or hilarious .... you choose, Im off to bed

 

[fyds]

Ulster Bank is part of the Royal Bank of Scotland/NatWest group.

Interestingly perhaps, it also owns Citizens Financial Group - the U.S. bank group based in Boston and Worcester, Massachusetts, who's risk management branch underwrote the capital investment programme for the Gillette Stadium, where a certain LFC Chief exec was seen sitting not too long ago as a guest of the underwritee...

[quibs]

1 + 1 = 3

 

Edited May 4, 2006 by quibs

[boohog]

Looks like 'cast-iron guarantees' required on the project required within three months to secure 'Objective One' funding.

 

Seems like this stadium/investment issue is finally coming to head.

 

Echo

 

Anyone know who the council-approved contractor is ?

 

Ulster bank have no private equity arm, so this will not be any king of investment approach from them. This will be LFC approaching them to borrow money.

 

To be honest since we changed advisors from Hawkpoint to PwC, PwC will be running round like headless chickens speaking to everyone to justify their fees, so we'll probably hear a lot of this kind of story. The only downside is that they have a very inexperienced debt advisory dept. within their corporate finance arm (which LFC are retaining) so I'm not expecting any miracles in terms of borrowing new money.

[Guest The Chunk]

heard the architects have completed the drawings ready for formal tenders from contractors and it's full speed ahead working on the 3D drawings for interiors of the corporate suites etc so it seems someone is pressing the accelerator.

 

You'd think they'd be already done, though, wouldn't you?

[Rushian]

You'd think they'd be already done, though, wouldn't you?

 

Not really. These are the final drawings after planning permission etc and you wouldn't choose the interiors of the corporate facilities etc at concept stage as fashions change so much.

[Guest Kev]

Not really. These are the final drawings after planning permission etc and you wouldn't choose the interiors of the corporate facilities etc at concept stage as fashions change so much.

 

Lawrence Llewelyn-Russian

 

[Rushian]

Lawrence Llewelyn-Russian