Hope there's nothing in the new rules that bans being owned by terrorists.
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| Author: | Bert Trautmanns neck brace [ Tue Aug 03, 2010 9:38 am ] |
| Post subject: | Liverpool. |
Reports are that Liverpool have 6 credible take over bids on the table, the best of which seems to be a Chinese chap who is only willing to pay off the debt , leaving the Americans with nothing. As they wanted £800 million they are hardly likely to say yes. The Chinese chap says it has to be signed sealed and delivered in 2 weeks. What of this due diligence thing? Surely that takes longer than that, and also the leagues new tightened up more rigorous fit and proper persons test? Actually he will get it cos his name is Kenny and most of the scousers won't be able to see beyond that. |
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| Author: | Timpblue [ Tue Aug 03, 2010 9:47 am ] |
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the fit and proper persons thing is a joke, but that, along with due dilligence and hicks and gillettes general refusal to walk away with nothing will mean that the deal will either not take place in time or too late to do anything |
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| Author: | slart [ Tue Aug 03, 2010 9:56 am ] |
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When Frank was able to buy Manchester City without a hitch, the whole "fit and proper" thing became a joke. And as for due diligence, unless all these buyers have had their bean counters going through the Liverpool books for the last few months then this is being ignored. |
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| Author: | I Heart Lung [ Tue Aug 03, 2010 4:25 pm ] |
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Bert Trautmanns neck brace wrote: Reports are that Liverpool have 6 credible take over bids on the table, the best of which seems to be a Chinese chap who is only willing to pay off the debt , leaving the Americans with nothing. As they wanted £800 million they are hardly likely to say yes. The Chinese chap says it has to be signed sealed and delivered in 2 weeks. What of this due diligence thing? Surely that takes longer than that, and also the leagues new tightened up more rigorous fit and proper persons test?
Actually he will get it cos his name is Kenny and most of the scousers won't be able to see beyond that. Hello sweetcheeks, xxxx We were talking about this last night weren't we? [color="Pink"](amongst other things!)[/color] Am I right in thinking that the control of the club is already partly out of the hands of Gilett and Hicks and more in the hands of RBS as they've failed to meet all their covenants? The FA can't really apply a fit and proper criteria as it wouldn't stand up in a court anyway. |
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| Author: | Bert Trautmanns neck brace [ Tue Aug 03, 2010 4:33 pm ] |
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Bert's Babestation Babe wrote: Hello sweetcheeks, xxxx
We were talking about this last night weren't we? [color="Pink"](amongst other things!)[/color] Am I right in thinking that the control of the club is already partly out of the hands of Gilett and Hicks and more in the hands of RBS as they've failed to meet all their covenants? The FA can't really apply a fit and proper criteria as it wouldn't stand up in a court anyway. Only the debt part of it is with RBS and that is what they are interested in. Gillett and hicks want that paid off and a profit for themselves on top and I think that is going to bethe stumbling block . you were looking good -pity Danny missed you. |
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| Author: | WeegieBlue [ Tue Aug 03, 2010 8:26 pm ] |
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The new Owners and Directors Test actually looks pretty rigid compared to the old F&P one: http://www.skysports.com/story/0,19528,11661_6293446,00.html The Premier League have introduced new ownership and financial regulations in an attempt to avoid a repeat of Portsmouth's financial problems. Cash-strapped Portsmouth, who were in the High Court on Tuesday in relation to their ongoing battle with the tax man, ran up massive debts with creditors and were placed into administration. In response to Portsmouth's problems, the Premier League have implemented tougher new rules on club ownership meaning all prospective owners are obliged to give the league ten days' notice of a takeover and prove they have the funds to sustain the club. It is understood Liverpool and a number of parties contemplating a takeover - including Chinese businessman Kenny Huang - have already contacted the Premier League to alert them a change of ownership could be imminent. Under the rules, the Premier League will have to be given ten days' notice of any takeover, and the prospective owners will be required to have a face-to-face meeting with league chiefs to convince them they have enough money for the season to come. Other rule changes will see clubs having to provide evidence every quarter that they are up to date with tax payments to Her Majesty's Revenue & Customs - and they will give permission for HMRC to give details on any non-payment directly to the league. The former 'fit and proper persons test' has been renamed as the 'owners and directors test' and toughened up. Now anyone barred from other sporting organisations or competitions will not be allowed to be a club director. The strengthening of the regulations is an attempt to reduce the risk of another crisis similar to that suffered by Portsmouth, who went into administration last season and were subsequently relegated. Premier League chief executive Richard Scudamore said: "We believe we have the measures now in place, the early warning system, that will reduce the risk of having a repeat of the Portsmouth situation. Objective "The objective of the Premier League is to reduce risk and try to prevent the worst happening but we can't eliminate risk entirely as that would involve us interfering as shadow directors in the running of clubs. "There was reputational damage with the situation we had with Portsmouth. Clubs get tired of football being called a financial basket case. There was an element of gross mismanagement [with Portsmouth] and people have understood it was the exception rather than the rule." Scudamore believes the league could have intervened in Portsmouth's finances in January 2009 rather than September if the new rules had been in force then, and stopped the club running up such debts with the taxman. He added: "The HMRC debt would not have run up and we would have probably been able to prevent some of the worst." Scudamore admitted he believed the new rules on future financial information would have prevented Ali Al Faraj from taking over Portsmouth in October last year, though not Alexandre Gaydamak from doing so in 2006. |
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| Author: | Bastard [ Tue Aug 03, 2010 8:30 pm ] |
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Hope there's nothing in the new rules that bans being owned by terrorists.
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| Author: | WeegieBlue [ Tue Aug 03, 2010 8:46 pm ] |
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This is definitely "the horses have bolted, can you shut that barn door?" stuff, but I'm glad we were on of the horses. Shinawatra would have had no chance! |
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| Author: | ThunderinScitters [ Thu Aug 05, 2010 3:54 pm ] |
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Looks like Kenny Huang (sp) may be backed by the Chinese government - They make Frankie look like a choir boy and our owners like Del Boy... |
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| Author: | mr plumber [ Thu Aug 05, 2010 4:38 pm ] |
| Post subject: | Are you worried |
Are you worried that liverpool may be able to compete in the transfer market now they are getting bought out. __________________ mr plumber rochdale |
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| Author: | Danny's Studs [ Thu Aug 05, 2010 4:44 pm ] |
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No. I worry that....well see the thread 'Fears'. |
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| Author: | kippax_in_my_blood [ Thu Aug 05, 2010 4:47 pm ] |
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mr plumber wrote: Are you worried that liverpool may be able to compete in the transfer market now they are getting bought out.
__________________ mr plumber rochdale Im not..if they get taken over by cic (Chinese investments), Then their combined wealth in the FT is a reported 118 billlion... Adug is a reported 560+billion... We could buy china, and still have change.... Are you worried about your arse showing.. 
Get that tap fixed.. |
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| Author: | ThunderinScitters [ Fri Aug 06, 2010 10:50 am ] |
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http://www.independent.ie/sport/soccer/anfield-demands-answers-2286688.html some interesting reading from the Irish indo - |
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| Author: | Bert Trautmanns neck brace [ Fri Aug 06, 2010 11:16 am ] |
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Liwupu |
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| Author: | gibbonicus_andronicus [ Fri Aug 06, 2010 12:35 pm ] |
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mr plumber wrote: Are you worried that liverpool may be able to compete in the transfer market now they are getting bought out.
no. |
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| Author: | slart [ Fri Aug 06, 2010 1:24 pm ] |
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mr plumber wrote: Are you worried that liverpool may be able to compete in the transfer market now they are getting bought out.
Even if this buyout happens they won't be able to compete with Manchester City in the transfer market. I hope Liverpool go tits up. |
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| Author: | gibbonicus_andronicus [ Tue Aug 10, 2010 11:21 am ] |
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stevie gbh smoking crack i see Joe Cole is better than Lionel Messi, claims Liverpool's Steven Gerrard• Captain excited about new era after 'horror' of last season • 'Anything Messi can do, Joe can do as well, if not better' (76)Tweet this (115)Agencies guardian.co.uk, Tuesday 10 August 2010 11.19 BST Article history Joe Cole: better than Lionel Messi. Photograph: John Walton/Empics Sport Steven Gerrard believes Liverpool are set for a bright new era under Roy Hodgson after the "horror" of last season – and claims that the new signing Joe Cole is better than Barcelona's Lionel Messi. Gerrard, in an interview with Match of the Day magazine, said the new manager has already given Liverpool a lift after a disappointing seventh-place finish last season. "It's a great club and after speaking with Roy Hodgson I'm really pleased to see his plans for the club. It's a new era now – we must forget about the horror of what happened last season and get this club back to where it belongs, which is the Champions League at the very least." Gerrard said Cole, signed in July on a Bosman from Chelsea, has the ability to drive the team forward. "[Lionel] Messi can do some amazing things, but anything he can do Joe can do as well, if not better. He used to shock us in training by doing footy tricks with a golf ball that most players can't even do with a football. I really fancy Joe for the [player of the year] award this season." |
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| Author: | Labmonkey [ Tue Aug 10, 2010 11:23 am ] |
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Bloody hell. Delusional Scouserdom hits new heights... |
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| Author: | slart [ Tue Aug 10, 2010 11:26 am ] |
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gibbonicus_andronicus wrote: "[Lionel] Messi can do some amazing things, but anything he can do Joe can do as well, if not better. He used to shock us in training by doing footy tricks with a golf ball that most players can't even do with a football. I really fancy Joe for the [player of the year] award this season." I wonder if these "tricks" are anything like the table-tennis ball tricks done by chicks in Bangkok. I'd be impressed. |
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| Author: | ESM [ Tue Aug 10, 2010 11:26 am ] |
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Labmonkey wrote: Bloody hell. Delusional Scouserdom hits new heights...
Mass retardation sits like a cloud over Liverpool. |
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