Dipper Takeover? [Merged]

[Prestwich_Blue]

Just out of interest isn't China where the highest stakes are placed on the outcomes of Premier League games?

Yes. And there have been some interesting stories about Stevie G.

 

[dannybcity]

Why do Liverpool fan's hate Hicks and Gillett?
They blame all of these broken promises for them being bad in the league... what promises? Off the top of my head they have spent £20million on Torres, £18million on Johnson and £18million on Aqualani.

Because they're fuck heads. They go on about doing things the right way but Hicks and Gillett gave Rafa pretty much carte blanche to buy who he liked. It's not there fault he spent most of it on shite.

 

[mike channon´s windmill]

Interesting this..Huang is a dealmaker heavily involved in sports and finance but not a billionaire himself by any means.

He got good connections in both China and USA though, so he would most likely be able to get the necessary financial backing BUT that is money that he need to pay back. Liverpool might get another Glazer style owner if Huang takes over.
That said he might just be a front for much more powerful figures in China willing to make a bet on the club.

Imagine the dippers as China´s national P.L. club - 1.2 billion potential shirt sales - yes it´s an exageration and the margins and profits due to cheap labour and the Yuan´s low valuation would not mean a cash cow in sterling terms but it does make you think - the Chinese are known for their inscrutibility

 

[Skashion]

Just out of interest isn't China where the highest stakes are placed on the outcomes of Premier League games?

And there have been some interesting stories about Stevie G.

Pray tell.<br /><br />-- Mon Aug 02, 2010 5:23 pm --<br /><br />

Interesting this..Huang is a dealmaker heavily involved in sports and finance but not a billionaire himself by any means.

He got good connections in both China and USA though, so he would most likely be able to get the necessary financial backing BUT that is money that he need to pay back. Liverpool might get another Glazer style owner if Huang takes over.
That said he might just be a front for much more powerful figures in China willing to make a bet on the club.

Imagine the dippers as China´s national P.L. club - 1.2 billion potential shirt sales - yes it´s an exageration and the margins and profits due to cheap labour and the Yuan´s low valuation would not mean a cash cow in sterling terms but it does make you think - the Chinese are known for their inscrutibility

Imagine Liverpool as America's Premier League club? ;)

 

[Bluecifer]

Apparently the bid is less than the debt. I can't see Gillette and Hicks making owt....so why would they sell?

 

[Rammyblues]

This deal has all the ingredients of sweet and sour, could be sweet to get rid of existing debt to be replaced by sour, more debt.

 

[gazzaa2]

Why do Liverpool fan's hate Hicks and Gillett?
They blame all of these broken promises for them being bad in the league... what promises? Off the top of my head they have spent £20million on Torres, £18million on Johnson and £18million on Aqualani.

Might have something to do with them putting £350m of debt on the club just to buy it; money that has to be paid back in interest.

Also in the last two years they've only spent what they've made in transfers (£30m for Alonso, £12m for Crouch, £10m for Bellamy etc.). Moores sold the club thinking the Yanks would be another Abramavich, but they've spent even less in net transfers than they did under Moores.

 

[Bluecifer]

Or it could be a singapore chow mein, tastes nice but leaves your arse stinging!

 

[persvenality cult]

Apparently the bid is less than the debt. I can't see Gillette and Hicks making owt....so why would they sell?

he might be buying the debt from the banks. that gives him huge leverage over the club. If Hicks and Gillett default on their payments, I think it becomes 'distressed debt'. Here's a great explanation of what that means:

(Distressed debit is....) Corporate bonds of companies that have either filed for bankruptcy or appear likely to do so in the near future. The strategy of distressed debt firms involves first becoming a major creditor of the target company by snapping up the company's bonds at pennies on the dollar. This gives them the leverage they need to call most of the shots during either the reorganization, or the liquidation, of the company. In the event of a liquidation, distressed debt firms, by standing ahead of the equity holders in the line to be repaid, often recover all of their money, if not a healthy return on their investment. Usually, however, the more desirable outcome is a reorganization, which allows the company to emerge from bankruptcy protection. As part of these reorganizations, distressed debt firms often forgive the debt obligations of the company, in return for enough equity in the company to compensate them. (This strategy explains why distressed debt firms are considered to be private equity firms.)

of course if he reorganises properly he wouldn't have to sell at all.

 

[Kirkstall Blue]

Could be a delay tactic by G&H to buy more time from RBS.