Bulld0gs Liverpool Thread

[lfc4life]

They the owners have alleged to have launched a legal bid to block the sale of the club!

[pillapow]

They the owners have alleged to have launched a legal bid to block the sale of the club!

Bit idiotic really, especially when they appointed broughton to oversee the sale of the club then try this, They are desperate.... Its over now.... They are virtually gone.....
Broughton knows his stuff........
Once the 6th October had come, Broughton could sell to whoever he liked, and has.... Hicks Junior and some other boot on the board, What a ****ing joke........... Notice they try to block the bid on the 11th hour but agree a sale on the 6th, They are well & truly gone.

[wortho]

Bit idiotic really, especially when they appointed broughton to oversee the sale of the club then try this, They are desperate.... Its over now.... They are virtually gone.....
Broughton knows his stuff........
Once the 6th October had come, Broughton could sell to whoever he liked, and has.... Hicks Junior and some other boot on the board, What a ****ing joke........... Notice they try to block the bid on the 11th hour but agree a sale on the 6th, They are well & truly gone.

can see it going to court, if those two can prove they had refinance in place , they have put to plans to the board they could say we can pay the debt and the board had no right to sell to anyone going to get very dirty this .

[thered]

could rumble on a while this and tbh and im not sure if another american is what you are looking for it could be out of the frying pan into the fire

having read a few reports on the red sox and NESV they seem to be struggling both on and off the field after he made a great start when buying in 2002 the teams poor form has seen the team take a hit and are struggling to attarct the big sponsors

also the main owner of NESV seems to be losing his wealth after the global economic crisis affected his business's

this firm needs to have the cash to buy or you could end up in the same boat the last thing you want is more loans against the club

[lfc4life]

well the the co owners have lost the chance to leave the club with a there last bit of decency!

[firestorm]

Just reading that the court will decided by the end of next week.But cant help wondering about the wisdom of getting more yanks in especially when they are on about refurbishing anfield instead of building a new bigger stadium.Were is the money going to come from to bib for players and equal the likes of real madrid and city with out a new larger ground.American sport is totaly diffrent to football in the way its run. i am led believe each club has the pick of up coming talent and the lower the club in the league they have first pick.

[pillapow]

could rumble on a while this and tbh and im not sure if another american is what you are looking for it could be out of the frying pan into the fire

having read a few reports on the red sox and NESV they seem to be struggling both on and off the field after he made a great start when buying in 2002 the teams poor form has seen the team take a hit and are struggling to attarct the big sponsors

also the main owner of NESV seems to be losing his wealth after the global economic crisis affected his business's

this firm needs to have the cash to buy or you could end up in the same boat the last thing you want is more loans against the club

Dont worry man, Your debts will soon come good... Our debts are gone now!!!! Haha.. Broughton is the only one who could change the board.. He has acted fit & proper.. The G&H are gone.. No worries, As for the new owners, The board have done us well. Credit to Ayre, Purslow & Broughton.. The court case is 99% a dead cert in our favour. Its nice to know the mancs are happy for us...
Once again.......

[jckw]

It's about time Evertonians stop believing the shite they spout. When was the last time you heard a Liverpool fan saying we were good ? This is a comment often made by Evertonians who assume we think what they say.

The fact is we've got a struggle on, we're playing shite and things are not looking good off the pitch. No one is under any illusions about how "good" we are and if you look on any Liverpool forum you wont find anyone saying we're good. We know where are problems are on and off the pitch, but rest assured we're a lot better than you think we are and we will climb the table, theres no doubt about that.

sorry bulldog but im listening to the majority of sky lfc season ticket holders with there narrow minds i do here the the lfc fans who attend the game say there needs to be an improvement but as i said its the players on the pitch who are to blame not fans,manager,or the two ****ed up yanks

[thered]

Dont worry man, Your debts will soon come good... Our debts are gone now!!!! Haha.. Broughton is the only one who could change the board.. He has acted fit & proper.. The G&H are gone.. No worries, As for the new owners, The board have done us well. Credit to Ayre, Purslow & Broughton.. The court case is 99% a dead cert in our favour. Its nice to know the mancs are happy for us...
Once again.......

i somehow dont think your old enough to remember last time you were champs

[pillapow]

i somehow dont think your old enough to remember last time you were champs

Dont give me that mate... We are going forward and you lot know it.....

Maybe this will put your mind to ease..

Martin, it's been quite a dramatic 24 hours in terms of the sales process. Can you explain exactly what the situation is right now?
It certainly has been dramatic. The latest position is that we have a sale agreement in place, we've agreed the sale to New England Sports Ventures, that sale is subject to a number of conditions like Premier League approval and other normal conditions. The specific additional condition is that it's subject to confirmation that the Board acted validly in drawing up the sale documents.

Last night fans read a statement on the official website claiming that the owners had sought to remove Christian Purslow and Ian Ayre from the Board. What was the reasoning behind this and were the owners successful?
The court will ultimately decide whether the owners were successful. The reasoning behind it was that the owners felt we were reviewing two bids which they considered undervalued the club and therefore they wished to remove Christian and Ian and replace them with Mack Hicks, who is Tom's son, and Lori McCutcheon, who also works with him.
We don't think it was valid to do it. Essentially when I took the role they gave a couple of written undertakings to Royal Bank of Scotland. Those written undertakings included that I was the only person entitled to change the board and that was written into the articles of the covenants, and also that they would take no action to frustrate any reasonable sale. And I think they flagrantly abused both of those written undertakings.

You announced on Tuesday night that the club received two excellent offers. Why, in your opinion, is New England Sports Ventures the right new owner for Liverpool Football Club?
I think both of them would have been excellent new owners. New England have a lot of experience in developing, investing in and taking Boston Red Sox - as the closest parallel - from being a club with a wonderful history, a wonderful tradition that had lost the winning way, and bringing it back to being a winner. Their commitment to winning is what it's all about there and they've extended it from Boston Red Sox to Nascar and other things, but Red Sox is the main one.
I have been meeting them now for several weeks in Boston, in Liverpool, in London, and I feel they are totally committed to supporting and getting the winning mentality back into the team.

Is their winning mentality the thing which has impressed you most about them during this period?
Yes. Their commitment is to winning on the pitch and that helps you win off the pitch too. The two are mutually reinforcing.

Fans have already got lots of questions, with three of the main ones being:
a) Will the debt burden be removed completely?
To all intents and purposes, yes. All of the acquisition debt that was involved in the current owners acquisition will be removed completely. We'll still have what we call normal working capital debt and there's a facility there for the new stadium which will remain in place, but to all intents and purposes all the major debt that has been causing our problem has been paid off.

b) Have the proposed new owners committed to investing in the playing squad?
Yes. They don't want any hostages to fortune, very sensibly, so they're not going to make any comments about how much or anything like that. But this goes back to the winning mentality. I think the demonstration is: let's look at what they have done at Boston, what they said in Boston, what they have done in terms of investing in players - and I think you get a high degree of confidence of their willingness to do that.

c) Is there a commitment from them to progress the new stadium project?
Yes, there's definitely a commitment to invest in a stadium and we will finish up with a 60,000+ seater stadium. Where they haven't finalised their view is whether that should be the new stadium or whether there are still opportunities to build at Anfield itself. They have done both. The people involved have built the new stadium at Baltimore Orioles, for example, and at Fenway Park they looked at the two options and decided that actually redevelopment with all of the tradition was better than a new stadium. So they have done both, they are committed to looking at both very professionally and seeing which is the best option, but there will be stadium development.

Just to clarify, what needs to happen now for the sale to be finalised?
The key thing is the court case. We need to go to the court to get a declaratory judgement, which is for the court to declare that we did act validly in completing the sale agreement, and then the buyers can complete the sale. We have to get Premier League approval and I'm certain that's not going to be an issue. There are one or two minor things like that but the key issue is the court, which should meet I would think next week sometime. That is the most likely time, in short order.

Can the owners block the sale of LFC to New England Sports Ventures?
Well, we have to win the court case. So effectively yes, if they win the court case they can block the sale. But then we may have one or two other thoughts in mind as well.

Could the sale process be dragged through the courts for months before a resolution is reached?
No, I don't think so. We should get a declaratory judgement I would have thought probably by the end of next week, in short order. There is an appeal process but that is also very fast.

How confident are you that Liverpool Football Club will soon be officially under new ownership?
I am confident. I wouldn't have taken the Board through that process yesterday if I hadn't been confident. I wouldn't have exposed everybody to that risk if I hadn't been confident, but you can never be certain. These things are legal judgements. We have been properly advised and I am confident.

Looking back, how thorough has the process been to identify the best new owners for the Club and how pleased are you with the final outcome?
Ideally one would have had buyers who were not only the best buyers but also satisfied the owners. That's what we were looking for and we haven't managed to do that second piece of it. Has it been exhaustive? Absolutely. We have, first of all through BarCap, contacted every plausible buyer. The media coverage has meant that you would have to be living on Planet Zog not to know that Liverpool was for sale and so if you had any interest in it you had the opportunity. We've talked to lots of potential people. At the end of the day, with the deadline for debt repayment looming we had two bidders, both very viable bidders. I think they were competing, there was competitive tension there and I think that demonstrates that we have the market price.

Finally Martin, what is your message to the Liverpool fans?
Keep the faith. We said we would deliver the best buyers for the club and I think we have delivered exactly that. I know they've been frustrated by not getting a running commentary and I know a fan wants to know what's going on. I thank them for their patience because I do believe the only way you really get these things done is out of the media glare and it's difficult to do it out of the media glare, but we've found the right owners. I thank them for their patience, their support, keep the faith, this is going to work. They're with us.

[opsmonkey]

i shall reserve any judgement until:

a) G&H are actually gone

b) I've seen the structure for investment from NESV

Once I have, any further judgements will be made when:

a) I see a 'spade in the ground' of a new or refurbished stadium, which is possible as LFC owns a vast area of land around the ground (OT was refurbished to a pretty decent standard)

b) I see a return on any promises made in point b) above

[lewshanks]

And hopefully peace and harmony aboard ship, just before the bitters ............


Gaz

[koppit]

i shall reserve any judgement until:

a) G&H are actually gone

b) I've seen the structure for investment from NESV

Once I have, any further judgements will be made when:

a) I see a 'spade in the ground' of a new or refurbished stadium, which is possible as LFC owns a vast area of land around the ground (OT was refurbished to a pretty decent standard)

b) I see a return on any promises made in point b) above

agree mate its too early to call.g+h were full of it before and after they took over.Martin Broughton sounding like rick parry doesn't worry me at all.

[koppit]

could rumble on a while this and tbh and im not sure if another american is what you are looking for it could be out of the frying pan into the fire

having read a few reports on the red sox and NESV they seem to be struggling both on and off the field after he made a great start when buying in 2002 the teams poor form has seen the team take a hit and are struggling to attarct the big sponsors

also the main owner of NESV seems to be losing his wealth after the global economic crisis affected his business's

this firm needs to have the cash to buy or you could end up in the same boat the last thing you want is more loans against the club

that might be true but if you are wrong you could always blame the freemasons

[boomer39]

i somehow dont think your old enough to remember last time you were champs

you dont have to be "old" to know the history of your club... its called being a supporter...