Liverpool Takeover (Merged)

[MCFC-alan88]

Re: Liverpool Takeover Imminent?

This is enthralling. Love it. It's like a boardroom war! I wonder if they had tables up ended and using them for cover whilst they throw plastic sporks at each other?

 

[mancity dan]

Re: Liverpool Takeover Imminent?

There are very few if any clubs where the debt is directly on the football plc rather than a holding company or separate subsidiary of the holding company.

Thanks PB and just goes to show what a cover up and fix this would be and as moomba quite rightly states, Southampton = points deduction!

I wonder if other premier league chairmen of relegation threatened teams would take it further should the need arise?

If the parent company goes into administration ala Southampton surely in the interest of fair play Liverfool would be deducted points....

 

[blueinsa]

Re: Liverpool Takeover Imminent?

Thanks PB and just goes to show what a cover up and fix this would be and as moomba quite rightly states, Southampton = points deduction!

I wonder if other premier league chairmen of relegation threatened teams would take it further should the need arise?

If the parent company goes into administration ala Southampton surely in the interest of fair play Liverfool would be deducted points....

Of course it is and as i have said, imagine your the owner/chairman of a Premier league club relegated at the end of this season, yet you would have been safe had the dippers been deducted points as per the rules!

Massive can of worms here if it does happen...

 

[nijinsky]

Re: Liverpool Takeover Imminent?

Would be an interesting one if it does happen and would surely set up a precedent of all clubs claiming the same argument from now on if they allow it.

Also would be interesting to see what clubs that have suffered points deductions have to say...

There are very few if any clubs where the debt is directly on the football plc rather than a holding company or separate subsidiary of the holding company.

So according to UEFA subsiduaries or holding companies can't bankroll a club but now they're trying to blag there is no debt obligation between club, holding company or subsiduary? Cant have it both ways.

 

[Lordeffingham]

Re: Liverpool Red Sox

It's a bit like our old cars used to be pre 1980, once they had deteriorated for 4 or 5 years, and not enough had been done to protect them against rust, they needed welding to get through their M.O.T., but not just once, every year after, and once the rot has set in no amount of remedial work will ever stop the inevitable.
Unfortunately for Liverpool, it's all come just a bit too late, and mid table mediocracy is what I believe will befall them for the next quarter century at least.
But at least they've got the fantastic history that they're always droning on about, only trouble is, it is what is says, 'History' and doesn't buy you squat in the real world.
See you red dippers in the Champions League, oh no I won't, doubt I'll live that long!

 

[CityPar]

Re: Liverpool Takeover Imminent?

I have been trying to get in touch with my sources to get more info but with no luck so far. Doesn't surprise me tbh as they'll be rather busy just now!

There was a comment made in passing that RBS may well be in on this deal in that they will take the club over on 15th October and then sell onto NESV but how true this is I don't know.....yet! Essentially the Yanks have days to either financially deal with it themselves or else it will go to court but with RBS in control their position of power will be/is all but eroded.

Also, I see the Southampton comparison being made but I am led to believe it is a different scenario as Soton themselves were also trading at a loss as well as the holding company. Contrary to reports LFC are not currently trading at a loss and they've satisfied the PL with this so are unlikely to be penalised by a points deduction when RBS seize Kop Holdings. Again, let's be clear this is only what I have been told.

 

[alera]

Re: Liverpool Takeover Imminent?

Something people seem to be forgeting is takeovers cause turmoil and instability even when they are handled properly.

When frank took us over and the Sheik even with decentish managers and plenty of money to spend it took a long time to gain any sort in stability and success. I would say even now we are only just getting to the point where the ownership, squad and management are settled and can perform and there are still a few issues as well. Thats with probably the best football club owner on the planet providing unlimited sums of money no questions asked.

When it comes to takeovers Players dont like it, management dont like it, fans dont like it. Everyone is fearful of the unknown and what it will mean for them personally as well as the club. It heaps more pressure on the team to perform every week and is generally a very nasty distraction. The press are all over you constantly.

Its not good for the club in the short to medium term even when done properly and you are at the right end of the table. Liverpool have had their worst start in 50 years. Even if they get a decent owner in with good intentions and money to spend I honestly believe its going to get much much worse for Liverpool before it gets any better.

 

[Mikeegrini]

Re: Liverpool Takeover Imminent?

Strictly speaking, the debt is on the holding company, Kop Holdings, and that's the company that would go into administration. however as they only have one asset, which is LFC, then it's a specious argument.

Would be an interesting one if it does happen and would surely set up a precedent of all clubs claiming the same argument from now on if they allow it.

Also would be interesting to see what clubs that have suffered points deductions have to say...

Did Portsmouth use this argument against point deduction?

 

[Matty]

Re: Liverpool Takeover Imminent?

Can Liverpool's potential upcoming "turmoil" really make them perform any worse than they currently are?!!!

As to any potential points deduction, what you're all forgetting here is this is Liverpool, not Southampton, the power they will wield, if only in terms of name will mean they escape any points deduction. They won't be treated in the same manner as Southampton or Pompey, even if the situations are identical. As proven by West Ham getting away with cheating to stay in the Premiership, if your name fits then you get preferential treatment.

 

[Mikeegrini]

Re: Liverpool Takeover Imminent?

I have been trying to get in touch with my sources to get more info but with no luck so far. Doesn't surprise me tbh as they'll be rather busy just now!

There was a comment made in passing that RBS may well be in on this deal in that they will take the club over on 15th October and then sell onto NESV but how true this is I don't know.....yet! Essentially the Yanks have days to either financially deal with it themselves or else it will go to court but with RBS in control their position of power will be/is all but eroded.

Also, I see the Southampton comparison being made but I am led to believe it is a different scenario as Soton themselves were also trading at a loss as well as the holding company. Contrary to reports LFC are not currently trading at a loss and they've satisfied the PL with this so are unlikely to be penalised by a points deduction when RBS seize Kop Holdings. Again, let's be clear this is only what I have been told.

Cheers CP and thanks for the OP