Bulld0gs Liverpool Thread

[wortho]

Nothing surprises me what those parasites do, they will stop at nothing to keep hold of our club. At least people will see them for what they're really about now.

im a blue(season ticket holder) and even i think these two are a discrace , they have charged the club a 100 million dollars in fees for planning for the ground that hasnt been built, and cost the club millions to sevice the debt the saddled the club with to buy it in the first place ,the goverment want to get a grip of the likes of this, there losing millions in tax the way these and united have set up there debt, one of the figures i heard was in the region of 18 million a year lost to the treasury.
thank heavans billy bullshit is still looking 24/7 be just are luck to end up with gobshites like these two. ps despite the money spent on the ground they havent paid for the lease off the council , if the dont find the money by sept 2011 the planning consent becomes invalled not bad for a 100 million outlay .

[pillapow]

~~~cin hell have i missed something...

[pillapow]

So have they been succesfull in removing 2 of the board or cant they do that? They are on the ****ing edge now, Can just imagine them flapping, Trying to sack the board to stop the sale...... Finally, The wait is over.

[firestorm]

i think this explains it best
A legal process is now underway to stop Hicks and Gillett bringing two of Hicks’ people onto the board (son Mack and business associate Lori Kay McCutheon) amid suggestions that Purslow and Ayre have been suspended but not in a way they believe to be legally valid.

The key arguments to be won and lost, and developments to watch for in the coming days are:

* Liverpool’s chairman Martin Broughton, along with Purslow and Ayre, believe Hicks and Gillett have no legal right under the Companies Act to remove Purslow and Ayre.
* If Broughton-Purslow-Ayre win this legal skirmish – and their lawyers believe they can – then the trio will remain on the board and should be able to vote 3-2 against Hicks and Gillett in favour of one of the two bidders. In that scenario, the end is nigh for the Americans, perhaps to be replaced by other Americans.
* If Broughton-Purlsow-Ayre lose the legal battle for their places on the board, Hicks and Gillett will install two of their own directors, Hicks Jnr and McCutcheon, guaranteeing the Americans a 4-1 majority in any vote on any board matter, including the sale of the club.
* If the board changes in the Americans’ favour, the fate of Liverpool will fall into the hands of RBS. The Americans loans are due to be repaid by 15 October. If they can’t pay, RBS has to decide whether to “roll over” the debt (ie: extend the time for repayment), or call in the loans.
* RBS will be loathe to give Hicks and Gillett more time. If RBS calls in the loans and Hicks and Gillett cannot pay, then the Americans shares become worthless and RBS will take over. It is presumed the bank would then sell quickly to one of the two bidders now in the frame.
* The only scenario where the endgame isn’t nigh is if Hicks and Gillett succeed in ousting two board members, then find a lender to re-finance them. Twice already, Liverpool’s board has blocked refinancing. With the board altered, a hurdle would be cleared, but finding a lender won’t be easy.

[pillapow]

I hope to god they are right and ayre and purslow cant be removed from the board, (bet that person with the "purslow cock" sign has changed his mind eh..) Howlongwould it take to sort this new problem out, (im no brief)

Just seen tht dearmrhicks, brilliant video.

[piopat]

YouTube - Dear Mr Hicks!

yanks out click on the above link .

[gmb45]

Liverpool's board split over two new bids to buy club

Gillett (left) and Hicks have come under pressure to sell from Liverpool fans

Liverpool have been plunged into crisis after two new bids for the club triggered a remarkable boardroom split and legal dispute over who has power at Anfield.
A board meeting was held on Tuesday when the approaches, later described as "excellent financial offers" by the club, were discussed by chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre.
One bid is from Asia, the other from US sports group New England Sports Ventures, owners of the Boston Red Sox baseball team, BBC Sport understands.
However, in an attempt to block any sale and regain control of the club, owners Tom Hicks and George Gillett then attempted to sack Purslow and Ayre and replace them with Hicks's son, Mack Hicks, and Lori Kay McCutcheon, a vice president at Hicks Holdings.
The US pair later released a statement saying the bids "dramatically undervalue the club", and are understood to have argued that the directors were not acting in the best interests of Liverpool FC.
The three English members of Liverpool's board favour a sale to one of the two new bidders, and are now consulting lawyers over whether they can resist the owners' attempts to replace them, and force through a sale.
A club statement added: "This matter is now subject to legal review and a further announcement will be made in due course. Meanwhile Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the club at the earliest opportunity."
Hicks and Gillett said they remained committed to "finding the right buyer for LFC, one that could support and sustain the club in the future", but added that it had to be "at a fair price that reflects the very significant investment we've made".

The joint statement continued: "We will resist any attempt to sell the club without due process or agreement by the owners.
"They have invested more than $270m [?170m] in cash into the club, and during their tenure revenues have nearly doubled, investment in players has increased and the club is one of the most profitable in the Premier League."
Both bidders are thought to be offering about ?300m for the club, enough to pay back the ?240m million of loans and ?40m of fees owed to Royal Bank of Scotland, which must be settled at the end of next week.
However, this valuation falls well short of the ?600m that Hicks and Gillett are thought to want for the club, hence their opposition.
The club says both new bids "would repay all its long-term debt", but any resolution to the saga could now be delayed by the fresh legal dispute over who is ultimately in control at Anfield.
Liverpool were put up for sale by Hicks and Gillett in April with debts of ?351.4m.
They initially sought an asking price of about ?800m, a figure they subsequently dropped to ?600m.
In August there were abortive bids from Hong Kong businessman Kenny Huang while a consortium fronted by Syrian businessman Yahya Kirdi also expressed an interest.
Earlier on Tuesday, Kirdi was quoted as saying the group he represents were dropping out of contention, adding: "Once everyone is united and there's logic in the price and the overall deal, me and my group will be prepared to return to the table."
The owners paid ?174.1m to buy the club in 2007, while also agreeing to take on the club's debt of ?44.8m.
It was said to be a new dawn for the Anfield outfit, with outgoing chairman David Moores describing it as "a great step forward for its shareholders and its fans".
But little has gone right for either the club or its owners since then with plans for a new stadium scuppered by the credit crunch, and increasing amounts of debt taken out by the owners and secured against Liverpool FC.

The club slipped into the Premier League relegation zone after losing at home to Blackpool at the weekend and were earlier knocked out of the League Cup by League Two side Northampton.
Many fans have become increasingly outraged at the pair's ownership of the club, which is said to be currently ?237.4m in debt, and their failure to carry through promises to build a new stadium.
The Royal Bank of Scotland (RBS) has set a deadline of 15 October for that debt to be repaid or a penalty fee of ?60m will be due.
The bank has the option of extending the deadline once again, or calling it in, taking control, and then selling the club to the highest bidder.
Many fans of the Merseyside club are keen to see RBS call in the debt, even if it means the parent company Kop Holdings going into administration, with the club potentially receiving a nine-point penalty from the Premier League as a result.
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BBC Sport - Football - Liverpool's board split over two new bids to buy club

[Bulld0g]

SOLD

BBC Sport - Football - Liverpool to be bought by Boston Red Sox owners

Crisis-hit Liverpool are to be sold to the owners of the Boston Red Sox baseball team.

But the takeover by the New England Sports Ventures (NESV) is subject to the resolution of a legal dispute with US owners Tom Hicks and George Gillett.

The Premier League will also have to approve the latest American buyout.

Earlier Hicks and Gillett tried to sack managing director Christian Purslow and commercial director Ian Ayre in a last-ditch bid to keep control of the club.

In an attempt to block any sale and regain control of the club, Liverpool's much criticised owners tried to replace Purslow and Ayre with Hicks's son, Mack Hicks, and Lori Kay McCutcheon, a vice president at Hicks Holdings.

Hicks and Gillett are understood to have argued that the club's English directors were not acting in the best interests of Liverpool and that the NESV bid - as well another undisclosed offer from Asia - "dramatically undervalued the club".

Purslow, Ayre and chairman Martin Broughton are now consulting lawyers over whether they can resist the owners' attempts to replace them and force through a sale.

"I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive," said Martin Broughton.

"The Board decided to accept NESV's proposal on the basis that it best met the criteria we set out originally for a suitable new owner. NESV's philosophy is all about winning and they have fully demonstrated that at Red Sox.

"We've met them in Boston, London and Liverpool over several weeks and I am immensely impressed with what they have achieved and with their vision for Liverpool Football Club.

"By removing the burden of acquisition debt, this offer allows us to focus on investment in the team.

"I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale."

NESV currently owns a portfolio of companies including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing.

They are thought to be offering about ?300m for the club, enough to pay back the ?240m of loans and ?40m of fees owed to Royal Bank of Scotland, which must be settled at the end of next week.

However, this valuation falls well short of the ?600m that Hicks and Gillett are thought to want for the club, hence their opposition.

Liverpool were put up for sale by Hicks and Gillett in April with debts of ?351.4m.

They initially sought an asking price of about ?800m, a figure they subsequently dropped to ?600m.

In August, there were abortive bids from Hong Kong businessman Kenny Huang while a consortium fronted by Syrian businessman Yahya Kirdi also expressed an interest.

The owners paid ?174.1m to buy the club in 2007, while also agreeing to take on the club's debt of ?44.8m.

Many fans have become increasingly outraged at the pair's ownership of the club, which is said to be currently ?237.4m in debt, and their failure to carry through promises to build a new stadium.

The Royal Bank of Scotland (RBS) has set a deadline of 15 October for that debt to be repaid or a penalty fee of ?60m will be due.

The bank has the option of extending the deadline once again, or calling it in, taking control and then selling the club to the highest bidder.

[lfc4life]

Lets hope the club goes to the best bidder not the one offering the most money

[lfc4life]

Further more does this latest act by the current owners not show how truly show what a couple of ass holes they really are!!! And really do hope there is a positive final resolution

[lfc4life]

[ame=http://www.youtube.com/watch?v=RO55BazkiZ4&feature=player_embedded]YouTube - Dear Mr Hicks[/ame] <<<< A message too mr hicks

Ouch nasty but honest comments

[lfc4life]

So have they been succesfull in removing 2 of the board or cant they do that? They are on the ****ing edge now, Can just imagine them flapping, Trying to sack the board to stop the sale...... Finally, The wait is over.

That is unbeliveable tho ..... How low will they sink? But the end is near the yanks

[lfc4life]

Owners issue statement

After Liverpool issued a statement on their official website on Tuesday night advising that the club had received two offers and that owners Tom Hicks and George Gillett had sought to remove managing director Christian Purslow and commercial director Ian Ayre, the American duo released the following statement.
"In April, we confirmed our agreement to sell Liverpool Football Club, and appointed a new chairman and advisers to oversee the process.
"At that time we and Martin Broughton stated our commitment to finding the right buyer for LFC, one that could support and sustain the club in the future. We remain committed to that goal.

"The owners have invested more than 270 million US dollars in cash into the club, and during their tenure revenues have nearly doubled, investment in players has increased and the club is one of the most profitable in the EPL.

"As such, the board has been presented with offers that we believe dramatically undervalue the club.

"To be clear, there is no change in our commitment to finding a buyer for Liverpool Football Club at a fair price that reflects the very significant investment we've made. We will, however, resist any attempt to sell the club without due process or agreement by the owners."

Courtesy of yahoo sports

Still they are bull shitters

[pillapow]

They should just walk away now the bastards.

[skunk1]

Great place to be. Will climb the table soon