Liverpool Takeover (Merged)

[BertTrautmann'sParachute]

Re: Liverpool Red Sox

If this is true then they aren't getting a 'sugar daddy' but a hard-headed business man that understands American 'sports' for what that's worth in this country.

 

[Blue Haze]

Re: Liverpool Red Sox

Nope. This guy has no money. I'm a Yank baseball fan and I can tell you that.

Rest assured, this guy is as broke as their current owners. He's a better manager but will invest squat in the transfer market or stadium.

I wish I was 'broke' with a net worth of $850m!!

I think that was his net worth before he lost a substantial amount trading commodities at his hedge fund. One of his business partners went broke.

Hehe. I'm not even kidding, I feel like busting open some champagne. They have owners that are almost as broke as the last lot. From my knowledge of this man, he had to borrow money within his company to buy Liverpool. He didn't even have the cash.

 

[Marvin]

Re: Liverpool Red Sox

Most businesses operate with debt on the balance sheet.

New owners will be looking at the manager again. And if they continue to struggle you can see the return of Dalglish

 

[Dubai Blue]

Re: Liverpool Red Sox

Most businesses operate with debt on the balance sheet.

New owners will be looking at the manager again. And if they continue to struggle you can see the return of Dalglish

I'd love that to happen, to be honest. The man's not been involved in top-level day-to-day football for over 10 years; it'd be like Newcastle and Keegan all over again.

 

[Prestwich_Blue]

Re: Liverpool Red Sox

The new stadium is a bit of a white elephant now. The whole idea was to capitalise on their success in order to increase matchday revenue (and therefore total revenue) to the levels of Chelsea, Arsenal etc.

The extra revenue would have been more than enough to service the debt incurred in building the stadium but what's the point in building an increased capacity stadium for a mid-table team? It's a Catch-22; they aren't going to fill it until they're successful again but they won't be successful until they can invest money from higher revenues into the squad.

 

[auction294]

Re: Liverpool Red Sox

With this talk of a take over, how would this impact them in regards to UEFA's financial fair play rules. Would this mean that a new owner would be unable to invest very large amounts into rebuilding the team? Whilst Liverpools trading turnover is healthy surely this would be put under scrutiny should substantial funds be introduced.

 

[Blue Coop]

Re: Liverpool Red Sox

There is already a huge different between the Old and new owners and that is the removal of the acquisition debt. The ridiculous interest will stop being charged and suddenly Liverpool are a big profit organisation once more. The sale on its own should give the place a lift and i think you will see some investment into the side, perhaps the stadium will be financed with debt, but that would most likely be much more managable.

 

[laserblue]

Re: Liverpool Red Sox

ssn show this red sox guy as having a personal fortune of £540 million compared to sheikh mansour with £20 billion. he's not the sugar daddy the scousers wanted & as prof tom cannon said this would be a business venture not another city or chelsea. a new stadium won't come cheap & no indication of the level of transfer funding.

so one lot of yank businessmen being replaced by another. more scouse tears to come i think.

 

[Stretfordian_Blue]

Re: Liverpool Red Sox

More news on the BBC- looks like this is going to happen!
<a class="postlink" href="http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9064599.stm" onclick="window.open(this.href);return false;">http://news.bbc.co.uk/sport1/hi/footbal ... 064599.stm</a>

 

[alera]

Re: Liverpool Red Sox

A few points, I cant understand how a limited company can actually be sold without the agreement of the majority shareholders. In 10 days if RBS call in the debts yes but not currently.

If this deal does go through its excellent news for City moving forward IMO. He has less personal wealth than the current owners, his company and associates have had financial difficulties following the credit crisis if reports are to be believed.

At very best this guy is a Randy Lerner, at worst he will be like the Glazers.

He will put a fresh lick of paint on Anfield, a few more concessions and corporate facilities. As with the rags ticket prices will go up they will be forced to buy cup matches with their season tickets. Official merchandise will cost a fortune as will food and drink at the stadium.

This is basically what he did with the Red Socks, they desperately needed a new stadium but they didnt have the money so they tarted up the old one (Not really an option for Liverpool)
ticket prices, merchandise and food concessions are some of the most expensive in their league.

They spent a bit on players initially, not a huge amount and had success in 2004 and 2007 but nothing since. Last season they failed to qualify for their equivalent of the champions league (sound familiar)

So to summerise, this is an insolvent level deal, they are buying at a knock down price a new stadium is not on the table so dont think that for a second. Serious investment on players is not on the table. They will come in clear the debt, tart the place up a bit put all the prices up and try and make the club break even sit on it until the far east and developing markets take off and sell the club for a fortune in 10 years. Thats the way I see it.

This is all assuming the non ex board who are not shareholders can force through a sale without agreement from the majority shareholders and against their best interests.