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Tamale-Loco
Joined: 25 Feb 2008 Posts: 2
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Posted: Tue Feb 26, 2008 2:04 pm Post subject: Bye Bye Rafa??? |
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http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/02/26/sfnbon226.xml
Liverpool's American owners, Tom Hicks and George Gillett Jr, are understood to be just weeks from agreeing a deal with Dubai
International Capital which could see the club change hands for the second time in just over a year.
After months of fraught talks, DIC are increasingly confident that they will not only reach an agreement soon with the Americans but
also with the two banks, Royal Bank of Scotland and Wachovia, who have just completed a £350 million refinancing of the club.
DIC's advisers have set themselves a deadline of the middle of next month to conclude the first part of a two-stage takeover process
which, when complete, will be worth between £400m and £450m and includes provision for the club's increased debts.
In the next few days bankers working for DIC, the investment arm of the Maktoum royal family, are expected to be granted permission
to start examining Liverpool's books with a view to tabling a formal offer.
Gillett, whose relationship with Hicks has broken down, will be first to sell out and is understood to have already agreed in
principle to offload his 50 per cent stake.
But Hicks is refusing to sell out in one go. In the short term, at least, he is expected to remain on the board.
DIC plan to dilute his holding, initially by injecting further funds into the club to not only cover the new
18-month bank loan but also to help pay for the proposed new stadium and buy players. DIC want to secure a deal where Hicks sells
out completely later on.
Having spent the first part of last week in Dubai, where he was seeking new backers for his US investment company, Hicks Holdings,
he then flew to London on Thursday for two days of talks with DIC's advisers.
One potential stumbling block is the exact nature of the initial shareholder agreement between DIC and Hicks. It is understood his
demands to retain control of the club following Gillett's exit have been rebuffed.
Under the terms of the £220m takeover deal concluded by Hicks and Gillett last February, no partner can sell out without first
offering his 50 per cent stake to the other. Hicks has tried to raise the money to seize complete control but with the credit crunch
hitting his businesses, he has failed.
If DIC succeed, they will aim to restore stability to a club after a period of unprecedented turbulence.
Archived from group: uk>sport>football>clubs>liverpool |
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boulder
Joined: 24 Jan 2008 Posts: 117
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Posted: Tue Feb 26, 2008 2:33 pm Post subject: Re: Bye Bye Rafa??? |
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"Tamale-Loco" wrote in message $0$4575$c3e8da3@news.astraweb.com...
> http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/02/26/sfnbon226.xml
>
> Liverpool's American owners, Tom Hicks and George Gillett Jr, are
> understood to be just weeks from agreeing a deal with Dubai International
> Capital which could see the club change hands for the second time in just
> over a year.
> After months of fraught talks, DIC are increasingly confident that they
> will not only reach an agreement soon with the Americans but also with the
> two banks, Royal Bank of Scotland and Wachovia, who have just completed a
> £350 million refinancing of the club.
> DIC's advisers have set themselves a deadline of the middle of next month
> to conclude the first part of a two-stage takeover process which, when
> complete, will be worth between £400m and £450m and includes provision for
> the club's increased debts.
> In the next few days bankers working for DIC, the investment arm of the
> Maktoum royal family, are expected to be granted permission to start
> examining Liverpool's books with a view to tabling a formal offer.
> Gillett, whose relationship with Hicks has broken down, will be first to
> sell out and is understood to have already agreed in principle to offload
> his 50 per cent stake.
> But Hicks is refusing to sell out in one go. In the short term, at least,
> he is expected to remain on the board.
> DIC plan to dilute his holding, initially by injecting further funds into
> the club to not only cover the new
> 18-month bank loan but also to help pay for the proposed new stadium and
> buy players. DIC want to secure a deal where Hicks sells out completely
> later on.
> Having spent the first part of last week in Dubai, where he was seeking
> new backers for his US investment company, Hicks Holdings, he then flew to
> London on Thursday for two days of talks with DIC's advisers.
> One potential stumbling block is the exact nature of the initial
> shareholder agreement between DIC and Hicks. It is understood his demands
> to retain control of the club following Gillett's exit have been rebuffed.
> Under the terms of the £220m takeover deal concluded by Hicks and Gillett
> last February, no partner can sell out without first offering his 50 per
> cent stake to the other. Hicks has tried to raise the money to seize
> complete control but with the credit crunch hitting his businesses, he has
> failed.
> If DIC succeed, they will aim to restore stability to a club after a
> period of unprecedented turbulence.
>
Your header bears no relation to the content of the post.
They will recognise Benitez as one of the most successful, and wanted,
managers in Europe, and, as sound businessmen, will
have realised the need for continuity. |
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Redman
Joined: 17 Aug 2007 Posts: 649
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Posted: Tue Feb 26, 2008 2:57 pm Post subject: Re: Bye Bye Rafa??? |
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"boulder" wrote in message @mid.individual.net...
>
> "Tamale-Loco" wrote in message
> $0$4575$c3e8da3@news.astraweb.com...
>> http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/02/26/sfnbon226.xml
>>
>> Liverpool's American owners, Tom Hicks and George Gillett Jr, are
>> understood to be just weeks from agreeing a deal with Dubai International
>> Capital which could see the club change hands for the second time in just
>> over a year.
>> After months of fraught talks, DIC are increasingly confident that they
>> will not only reach an agreement soon with the Americans but also with
>> the two banks, Royal Bank of Scotland and Wachovia, who have just
>> completed a £350 million refinancing of the club.
>> DIC's advisers have set themselves a deadline of the middle of next month
>> to conclude the first part of a two-stage takeover process which, when
>> complete, will be worth between £400m and £450m and includes provision
>> for the club's increased debts.
>> In the next few days bankers working for DIC, the investment arm of the
>> Maktoum royal family, are expected to be granted permission to start
>> examining Liverpool's books with a view to tabling a formal offer.
>> Gillett, whose relationship with Hicks has broken down, will be first to
>> sell out and is understood to have already agreed in principle to offload
>> his 50 per cent stake.
>> But Hicks is refusing to sell out in one go. In the short term, at least,
>> he is expected to remain on the board.
>> DIC plan to dilute his holding, initially by injecting further funds into
>> the club to not only cover the new
>> 18-month bank loan but also to help pay for the proposed new stadium and
>> buy players. DIC want to secure a deal where Hicks sells out completely
>> later on.
>> Having spent the first part of last week in Dubai, where he was seeking
>> new backers for his US investment company, Hicks Holdings, he then flew
>> to London on Thursday for two days of talks with DIC's advisers.
>> One potential stumbling block is the exact nature of the initial
>> shareholder agreement between DIC and Hicks. It is understood his demands
>> to retain control of the club following Gillett's exit have been
>> rebuffed.
>> Under the terms of the £220m takeover deal concluded by Hicks and Gillett
>> last February, no partner can sell out without first offering his 50 per
>> cent stake to the other. Hicks has tried to raise the money to seize
>> complete control but with the credit crunch hitting his businesses, he
>> has failed.
>> If DIC succeed, they will aim to restore stability to a club after a
>> period of unprecedented turbulence.
>>
>
> Your header bears no relation to the content of the post.
> They will recognise Benitez as one of the most successful, and wanted,
> managers in Europe, and, as sound businessmen, will
> have realised the need for continuity.
Bollox, I've said it before, I'll be very surprised if Rafa is at Liverpool
next season, CL win or not. We have gone backwards this season. Forget the
bollox that we've only lost 3 times in the league, that's just a smokescreen
for the delusional out there that thinks it's a good thing. You all forget
to take into account all the draws we've had, they're as good as a loss. FFS
even Derby have drawn less than us and they're bottom, we've drawn more
games than any other side in the Premiership. I'm surprised we're as high as
5th. We've got 5 potential banana skins coming up in the games against Manu,
Arsenal, Everton, Spurs and Blackburn. We will drop points, guaranteed, so
4th is not nailed on going by your other post I saw this morning.
Redman |
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Barnsley The Bolt
Joined: 17 Feb 2008 Posts: 197
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Posted: Tue Feb 26, 2008 4:08 pm Post subject: Re: Bye Bye Rafa??? |
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On Tue, 26 Feb 2008 09:33:25 -0000, "boulder"
wrote:
>
>"Tamale-Loco" wrote in message
>$0$4575$c3e8da3@news.astraweb.com...
>> http://www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/02/26/sfnbon226.xml
>>
>> Liverpool's American owners, Tom Hicks and George Gillett Jr, are
>> understood to be just weeks from agreeing a deal with Dubai International
>> Capital which could see the club change hands for the second time in just
>> over a year.
>> After months of fraught talks, DIC are increasingly confident that they
>> will not only reach an agreement soon with the Americans but also with the
>> two banks, Royal Bank of Scotland and Wachovia, who have just completed a
>> £350 million refinancing of the club.
>> DIC's advisers have set themselves a deadline of the middle of next month
>> to conclude the first part of a two-stage takeover process which, when
>> complete, will be worth between £400m and £450m and includes provision for
>> the club's increased debts.
>> In the next few days bankers working for DIC, the investment arm of the
>> Maktoum royal family, are expected to be granted permission to start
>> examining Liverpool's books with a view to tabling a formal offer.
>> Gillett, whose relationship with Hicks has broken down, will be first to
>> sell out and is understood to have already agreed in principle to offload
>> his 50 per cent stake.
>> But Hicks is refusing to sell out in one go. In the short term, at least,
>> he is expected to remain on the board.
>> DIC plan to dilute his holding, initially by injecting further funds into
>> the club to not only cover the new
>> 18-month bank loan but also to help pay for the proposed new stadium and
>> buy players. DIC want to secure a deal where Hicks sells out completely
>> later on.
>> Having spent the first part of last week in Dubai, where he was seeking
>> new backers for his US investment company, Hicks Holdings, he then flew to
>> London on Thursday for two days of talks with DIC's advisers.
>> One potential stumbling block is the exact nature of the initial
>> shareholder agreement between DIC and Hicks. It is understood his demands
>> to retain control of the club following Gillett's exit have been rebuffed.
>> Under the terms of the £220m takeover deal concluded by Hicks and Gillett
>> last February, no partner can sell out without first offering his 50 per
>> cent stake to the other. Hicks has tried to raise the money to seize
>> complete control but with the credit crunch hitting his businesses, he has
>> failed.
>> If DIC succeed, they will aim to restore stability to a club after a
>> period of unprecedented turbulence.
>>
>
>Your header bears no relation to the content of the post.
>They will recognise Benitez as one of the most successful, and wanted,
>managers in Europe, and, as sound businessmen, will
>have realised the need for continuity.
>
Continuity as in continuing to not win the leage for 18 years? Yes
I'm sure someone spending £450m will be looking for that sort of
continuity!
(snigger)
Bernie The Bolt
--
'Tommy Smith would frequently turn up for training wearing women's
clothes. We used to pretend we hadn't noticed.' - Bob Paisley
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