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Old 2nd August 2010, 03:08 PM   #1 (permalink)
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Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

Another article by the Daily Telegraph
by Rory Smith

Kenneth Huang, a Chinese billionaire, has made a direct offer to the Royal Bank of Scotland to buy Liverpool’s £237 million debt and oust the club’s current owners, George Gillett and Tom Hicks.

In an effort to delay RBS accepting the offer, Gillett has presented Syrian businessman Yahya Kirdi as a viable bidder for Liverpool.

Gillett informed RBS last week that he was in advanced negotiations with Kirdi, a former Syria international footballer, after Huang entered into talks with the bank over a deal that would see the American and his partner, Tom Hicks, exit Anfield without any profit.

Huang, a Wall Street stockbroker and chairman of the Hong Kong-based QSL Sports group, is backed by one of the wealthiest investment funds in the Far East. It is believed he has already approached a number of senior figures at the club to prove his determination to force Hicks and Gillett out, while he will also ask Fernando Torres, due to return to training today, to delay a decision on his future.

Huang’s bid will have the financial clout to provide the Spaniard with the squad reinforcements he has made plain he wishes to see if he is to stay on Merseyside and will clear the club of debt, but that proposal is unattractive to Hicks and Gillett.

By approaching RBS directly, Huang hopes to seize control of the club by guaranteeing the repayment of the vast majority of the debt the Americans have laden on to Anfield. His offer, though, will fall far short of the £600  million price Hicks and Gillett expect for their shareholding in the club.

As a condition of the refinancing deal put in place this year — which coincided with the appointment of Martin Broughton as Liverpool’s chairman — RBS can take control of the sale and negotiate a deal should they feel such action represents the best course to repay their loan and secure the sale of the club.

Gillett, though, had hoped to delay the process by introducing Kirdi as a possible alternative, to force Huang — who hopes to conclude the deal in the coming days to ensure manager Roy Hodgson has the chance to strengthen his squad this month — to make an improved offer.

RBS, who are obliged to listen to any bids raised by the club’s owners, have granted him time to discuss a deal with the Syrian, though sources at Liverpool have dismissed the idea that the businessman is a legitimate contender to buy the club and he is not expected to lodge a firm bid.

Kirdi, a long-term friend of Gillett’s son, Foster, was first linked with a takeover in April, but an offer failed to materialise after it emerged he was not, as suggested, backed by funds from the United Arab Emirates.

The Americans officially put the club up for sale in April, appointing Broughton as chairman and Barclays Capital to oversee the process. As recently as July 1, Broughton was bullish about triggering an “auction” for the club, insisting a sale could be completed before the end of the summer transfer window.

However, no firm offers have been received and RBS face the prospect of Hicks and Gillett retaining control beyond the end of the month, when Liverpool become a significantly less attractive proposition, thanks to the closure of the transfer window.

Despite reports that RBS had, with the appointment of Broughton, agreed to refinance Liverpool’s debt for another year in order to grant the British Airways chairman time to guarantee a sale, the bank has the option of calling in a portion of the debt in October.

Should Huang’s bid be rejected by the bank and no offer at the level Hicks and Gillett hope be forthcoming, Liverpool’s loan could become distressed debt, raising the spectre of the club being put into administration.

Meanwhile, Liverpool lost 1-0 to Borussia Mönchengladbach in Germany yesterday. Joe Cole made his first appearance in a red shirt, while Glen Johnson, Steven Gerrard and Jamie Carragher all featured.

Roy Hodgson, the club’s manager, is “in contact” with Juventus midfielder Christian Poulsen over a potential £4 million move, the player’s agent has revealed.

Emiliano Insua’s move to Fiorentina has collapsed after the Argentine failed to agree personal terms.

Stars and strife: how US ownership unravelled

Feb 2007: Gillett and Hicks buy Liverpool for £435 million.
May 2007: Rafael Benitez hits out at slow progress in transfer market.
Nov 2007: Benitez angry after US pair tell him to “focus on training”.
Jan 2008: Hicks admits approach forJurgen Klinsmann to replace Benitez. Fans protest.
Jun 2009: Rick Parry replaced by Christian Purslow on board.
Jan 2010: Tom Hicks Jr quits board after writing abusive email to a fan.
Mar 2010: Proposed bid from New York-based equity firm collapses.
Apr 2010: Martin Broughton appointed to oversee club’s sale.

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Old 2nd August 2010, 05:57 PM   #2 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

It's on yahoo too. Pray this is true. But also hope that this chinese businessman isn't going to make empty promises like the american duo.

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Old 2nd August 2010, 07:44 PM   #3 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

as of this moment, I don't rly care if the person its chinese,middle-eastern or russian etc.
as long he has the $$$.

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Old 2nd August 2010, 10:08 PM   #4 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

Some latest new : Kenneth try going by the proper channel but quote 800M for LFC, decided to direct it straight to rbs
Alot of stuff going on at the moment. For more info, u can check out this link

Source : http://www.redandwhitekop.com/forum/...ic=261379.1160


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Old 3rd August 2010, 12:06 AM   #5 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

as long as he can inject some real good cash to get some real good players ..i think thats the main concern for all LFC fans .. huhrur

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Old 3rd August 2010, 01:50 AM   #6 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

and as long the two americans are OUT!!!! ><

american's ain't passionate abt football, a sport which they called it as soccer. -.-
FACT.

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Old 3rd August 2010, 01:40 PM   #7 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

http://sg.news.yahoo.com/rtrs/201008...a-e7f0a65.html

Now we won't know for sure if it is really true or not.

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Old 3rd August 2010, 03:39 PM   #8 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

if its really true, by the time Kenneth Huang takes over, will dere be enough time for Roy to buy somemore players b 4 the transfer window closes?

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Old 3rd August 2010, 04:19 PM   #9 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

Originally Posted by Kouken_Tenshi View Post
http://sg.news.yahoo.com/rtrs/201008...a-e7f0a65.html

Now we won't know for sure if it is really true or not.
Yes they deny but admit 6 hours later. Cannot remember where i read it.


Originally Posted by cloudzero View Post
if its really true, by the time Kenneth Huang takes over, will dere be enough time for Roy to buy somemore players b 4 the transfer window closes?
11 days is the deadline kenneth give RBS. Anything longer than that he will not be bidding for the club reason being no time for transfer

tcd added 3 Minutes and 45 Seconds later...

Originally Posted by shypineapple View Post
as of this moment, I don't rly care if the person its chinese,middle-eastern or russian etc.
as long he has the $$$.
kenneth offer 120M transfer budget for the first 2 yrs if they managed to win the club bid


Last edited by tcd; 3rd August 2010 at 04:22 PM. Reason: Post Bumping
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Old 3rd August 2010, 05:57 PM   #10 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

Originally Posted by tcd View Post
Yes they deny but admit 6 hours later. Cannot remember where i read it.




11 days is the deadline kenneth give RBS. Anything longer than that he will not be bidding for the club reason being no time for transfer

tcd added 3 Minutes and 45 Seconds later...



kenneth offer 120M transfer budget for the first 2 yrs if they managed to win the club bid

I heard if it were successful, the takeover would be completed by the end of this week.

Are you serious?!?! 120mil is a LOT OF MONEY

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Old 3rd August 2010, 10:21 PM   #11 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

Take over latest : (Source: Rawk) 03/08/10

QUOTE:
This may well now be moving towards its end-game. There's a board meeting this afternoon (nobody knows whether all five will be in the same room, where it will take place or whether it's a conference call). There is lots and lots to tell, but for now my priority is not to say anything that may jeopardise any deal. Two things, though. 1) I've spent the last 24 hours trying to re-establish from those who know him, and his team, what sort of an owner Ken Huang would be. Again, the people I trust most have re-iterated that nobody who does business on an international scale is a perfect fit for Liverpool F.C. We're talking Money Men, here. But they're convinced that Huang is a decent man, understands what's special about LFC, reveres our legend as much as our potential and is as good as it's ever going to get in modern football terms. He's in a hurry, because he wants a big season for Liverpool. He wants to give the manager funds to spend now. 2) Nobody should be in any doubt as to the critical role Martin Broughton has in this process. His reputation is at stake, and he is under the closest possible scrutiny. That was part of the rationale in letting this story go wide yesterday. This is now out in the open where everyone can see what's happening. This club and its worldwide support has a million eyes, and nothing can be done under the table. It is now up to him, as much as anybody, to do the right thing.

For now, I'd best shut up. I want this to happen.

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Old 6th August 2010, 01:04 PM   #12 (permalink)
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Re: Liverpool co-owners set to be ousted by Chinese billionaire Kenneth Huang

In Sohu today : http://sports.sohu.com/20100806/n274020065.shtml

Key points:

- Huang has made a formal bid at £450m.

- The bid made up of two parts: 300m for 100% of the shares; injection of 150m with 100m for the stadium and 50m for transfer.

Sohu said it comes from its own special correspondent in England and internal sources of the Club! Please be careful on anything news piece from China although Sohu is the better one.

***

搜狐体育讯 黄健华离利物浦越来越近了?在英国媒体爆出中国投资集团在背后支持华裔老板之后,又有重磅消息传出。据搜狐 体育英国特派记者报道,利物浦俱乐部内部人士透露黄健华已经正式报价,而且出价金额高达4.5亿英镑。更多 英超新闻

  先不论这样的报价是否得到了中国投资集团的支持,就报价本身而言,已经和之前媒体报道以及黄健华本人的 态度来了个180度大转弯,因为就在前一日,黄健华公关公司还公开发表声明表示尽管有兴趣收购利物浦,但是 没有向红军报价。

  据利物浦内部人士透露,黄健华方面的报价包括两部分,第一部分是通过3亿英镑购买利物浦俱乐部100% 的股份,第二部分是在入主后投资1亿5千万英镑,其中三分之二用来建设新的场馆,三分之一用于 球员转会。

Source: Rawk

tcd added 297 Minutes and 21 Seconds later...

APNewsBreak: Group won't enrich Hicks, Gillett (associated press)
By RONALD BLUM (AP) – 35 minutes ago

NEW YORK — A group of Chinese investors said Friday that any offer it makes to buy Liverpool from Tom Hicks and George Gillett Jr. won't enrich the embattled American co-owners.

Marc Ganis, whose Chicago-based company Sportscorp Ltd. has helped form the investment group, said it first contacted Liverpool chairman Martin Broughton on Monday, a day after reports of a possible bid first surfaced.

"We haven't submitted a formal proposal but we submitted the broad parameters of what a proposal would look like to see if it would be welcomed, and it was," he said in a telephone interview with The Associated Press, hours after he returned to the United States from China.

A company called QSL Sports Limited would be controlling owner of the limited liability corporation that would own Liverpool FC. QSL is co-headed by Kenneth Huang, a Hong Kong businessman, and Guang Yang, executive vice president of Franklin Templeton Investments and chief investment officer of the China Life/Franklin Templeton Fund.

In an interview arranged through Hill & Knowlton Hong Kong, Ganis said those two would be the only owners involved in the management of the club. Other investors would be passive, and each would own no more than 20 percent.
China Investment Corp. — the country's sovereign wealth fund — would not have a direct ownership stake in the club. However, Ganis said it may be part of an investment vehicle organized by Yang and his financial team that would have a passive ownership interest.

Ganis said the group had four primary goals if it makes a bid:
_Leave Liverpool debt free.
_Make a significant equity investment and construct the long-delayed new stadium to replace Anfield.
_Invest a large amount that would be available for player transfers.
_Have an Asian initiative to expand Liverpool's fan base and commercial activities with the goal of creating new economic value for the club using QSL's platform in China.

"What is not one of our goals in the enrichment of the existing owners," Ganis said, "If we submit a proposal and it is accepted, it would be focused on the future and not the past."

Barclays has told potential bidders they will have to show they have the financing to go through with the proposals. After QSL's interest emerged, former Syrian club player Yahya Kirdi claimed Wednesday that he was fronting a consortium of investors from the Middle East and Canada that was close to completing a takeover.

Liverpool has won 18 English league titles — but none since 1990 — and its record has been matched by Manchester United. Beset by infighting between Hicks and Gillett plus player injuries, it failed to qualify for this season's Champions League, losing tens of millions of dollars in revenue.

But captain Steven Gerrard and star forward Fernando Torres decided to remain with the club under new manager Roy Hodgson, who replaced Rafa Benitez after last season. Ganis said any deal would not close until well after the summer transfer window ends Aug. 31.

Hicks, whose Texas Rangers were auctioned this week in U.S. Bankruptcy Court in Fort Worth, bought Liverpool with Gillett three years ago in a deal valued at $431 million. Hicks said he wants $950 million to $1.25 billion for the club, whose known debt last stood at $375 million.

Ganis said his group will not bid close to that.
"If anybody wants to, good luck," he said, without disclosing what his group is willing to bid. "We know what we would be prepared to do. If somebody else wants to look at it in a different way, it's their money. That would be their business, not ours."

His group isn't concerned about high-spending owners in the Premier League, who include Manchester City's Sheik Mansour bin Zayed Al Nahyan and Chelsea's Roman Abramovich. Ganis said the Financial Fair Play rules that begin for European soccer this season will help curb extreme spending on transfers.

"That creates certain constraints that many observers feel are quite responsible and will reduce the risk of irrational money being spent," he said. "But even at that, Liverpool is and always should be one of the highest-spending clubs in all of football. And our financial models presume Liverpool will be at or near the top in spending on players every year."
Ganis said that they have been impressed in many ways with the manner in which Liverpool is being operated.
"From what we have seen from afar, many of the people currently running Liverpool are doing a good job," he said. "There shouldn't be an expectation there would be a mass upheaval if we submit and are approved."

Ganis and the China-based group began forming last spring as a potential investor with another group that evaluated a potential investment in Liverpool. Ganis contacted the Royal Bank of Scotland, which holds Liverpool's debt, and was put in contact last week with Broughton and Barclays Capital, which is attempting to sell the club for the co-owners.
QSL, in conjunction with the Chinese government, owns and operated two professional sports leagues and one minor league. QSL also owns sports publications and in September will roll out an all-sports website.

AP Sports Writer Rob Harris in London contributed to this report


Last edited by tcd; 6th August 2010 at 06:01 PM. Reason: Post Bumping
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