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Macedonian_Red

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  1. Key questions answered about the proposed Liverpool takeover • Gillett and Hicks stand to lose ?144m from the sale • Liverpool 'won't lose points under administration' * Owen Gibson * Wednesday 6 October 2010 22.15 BST Why is the board attempting to sell the club against the wishes of the owners? Because under the terms of a refinancing agreement in April with the Royal Bank of Scotland, which is owed the majority of ?237m, the club were put up for sale and Martin Broughton installed as independent chairman. But Tom Hicks and George Gillett have consistently sought to frustrate his efforts. Why are Hicks and Gillett resisting the takeover? Because the co-owners believe the ?300m offered by New England Sports Ventures (NESV) and accepted by Broughton undervalues the club and will not give them a profit. In fact, they will be staring at a ?144.4m loss in the form of the loans that they extended to the club's holding company via a company registered in the Cayman Islands. What can they do? Hicks has failed in a last-ditch bid to refinance the ?237m loan and Tuesday night's move to oust two members of the board – the managing director, Christian Purslow, and the commercial director, Ian Ayre – and replace them with their own directors was an attempt to regain control. It was resisted by Broughton, secure in the knowledge that the pair signed an agreement that gave him final say on the make-up of the board and promised not to interfere in the sale process. The only avenue left is next week's court challenge on the legality of the move to sell the club against the wishes of the shareholders. Why is Broughton convinced that he will be able to complete the sale? He believes he has shown that the club have been extensively marketed and that the NESV offer is the best one on the table. He has taken extensive legal advice and believes the agreements signed by Hicks and Gillett are binding. Today's tour of the TV studios and the public statements were also partly an aggressive attempt to outflank the co-owners. What if Hicks and Gillett win? Even if they win next week's legal challenge – which most experts consider a remote possibility – RBS will still be able to put the club into administration on 15 October, the refinancing deadline. The bank could then take control of the club and immediately sell it – quite possibly to NESV. The co-owners are effectively caught in a pincer movement between the RBS deadline and the sale process. Will the deal leave Liverpool debt-free? Essentially, yes. The deal will involve the banks being repaid ?200m, ?40m going to cover other liabilities and ?60m clearing debt relating to the proposed new ground in Stanley Park. That will leave a ?37m working overdraft with RBS and a facility related to the new stadium. But although it is understood that NESV will pay for the acquisition with cash raised from its own shareholders, Broughton could not confirm whether it would also take on additional debt to do so. Source: Guardian
  2. Well, I think that you are wrong on that one ... As you probably know, there is already in place a strategic partnership between Manchester United FC (our biggest rivals/enemies) and the New York Yankees ... This partnership was created in order to achieve a world-wide commercial domination in the sport's markets ... If Henry's bid to buy Liverpool FC is successful, we would be able to create an even stronger commercial alliance (Liverpool FC & the Red Sox), and we would be able to challenge them commercially all over the world ... Especially in the emerging Asian markets, where Liverpool FC is already a strong brand ... As always, it is all about money ... Lets hope that we would be smarter and that we will overtake the evil empire ...
  3. The CafeRouge ? Nah ... It keeps all the Mancs at one place ...
  4. NESV: Our objective for LFC 6th Oct 2010 New England Sports Ventures ("NESV") can confirm that their bid for Liverpool FC has been selected by the Club's Board of Directors and agreement has been reached with the Board to purchase the Club. NESV wishes to extend its appreciation to the Board for their diligence and their efforts on behalf of Liverpool FC and its supporters. NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the Club has the resources to build for the future, including the removal of all acquisition debt. Our objective is to stabilise the Club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies. Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties. Our portfolio of companies, including the Boston Red Sox and Fenway Park, New England Sports Network, Fenway Sports Group and Roush Fenway Racing, are all committed to one common goal: winning. NESV wants to help bring back the culture of winning to Liverpool FC. We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series Championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC. We are hopeful with regard to the pending legal and English Premier League procedures now underway; however, in light of these issues, we will respectfully refrain from comment or further actions at this time. Source: liverpoolfc.tv (club's official site)
  5. You mean, the New York Yankees' European partners ? Interesting ...
  6. When baseball meets football: Boston and Liverpool Wednesday, 6 October 2010 By Mark Mitchener Liverpool fans may have mixed feelings about exchanging one set of American owners for another after it emerged the Premier League club was about to be sold to the New England Sports Ventures (NESV), owners of baseball's Boston Red Sox. But supporters on both sides of the Atlantic may be interested in a potential link-up between two clubs that are steeped in the history of their respective sports. Like Anfield, Boston's Fenway Park is one of the best-known sports venues in the world, while both cities have a strong expatriate affinity with Ireland. Liverpool's hopes of building a new stadium stalled during the ownership of George Gillett and Tom Hicks, but despite a brief flirtation with a "new Fenway", the Red Sox happily remain at their historic home ballpark - even while many other Major League Baseball teams have moved. Opened in 1912, Fenway is the oldest MLB stadium in use. And while a young Liverpool player's ambition may be scoring in front of the Kop, a prospective young slugger making it through Boston's minor league system will probably have dreamt of hitting a home run over the "Green Monster" - the famous 37ft high left-field wall at Fenway. Liverpool have not won the English league title since 1990 but Boston ended a much longer title drought when they won the World Series in 2004, two years after NESV's takeover. For decades, the so-called "Curse of the Bambino" haunted Red Sox Nation and was immortalised in Boston Globe writer Dan Shaughnessy's book of the same name. The "Bambino" in question was baseball legend Babe Ruth - sold by the Red Sox owners to their bitter rivals, the New York Yankees, in 1920. Having won five World Series titles between 1903 and 1918, the Sox then went 86 years before winning it again, gaining a reputation as loveable losers or nearly men - depending on your point of view. Boston's march to the 2004 title arguably matches Liverpool's "Miracle of Istanbul" Champions League success of 2005 for the manner in which they overcame adversity. Before the season started, legendary horror author Stephen King and fellow novelist Stewart O'Nan decided to chronicle their season in book form but could not have imagined what was to transpire. Finishing second behind the Yankees in the American League East, the Red Sox met them again in the seven-game American League Championship Series. New York won the first three games, threatening a 4-0 sweep, but Boston hit back to win Games 4 and 5 in extra innings, before winning Games 6 and 7 at Yankee Stadium to secure a remarkable comeback triumph. The Red Sox went on to sweep St Louis Cardinals 4-0 in the World Series. King and O'Nan's subsequent book "Faithful" was not alone in marking the end of "the Curse" - as it was also the subject of a film whose title may ring a few unwelcome bells in the heads of Liverpool fans. When Liverpool were pipped to the First Division title by Arsenal in 1989, it was the springboard for Gunners fan Nick Hornby's seminal book "Fever Pitch", which was made into a film in 1997. Several years later, an American remake, also entitled "Fever Pitch", was on the cards, switching baseball for football and the Red Sox title drought for Arsenal's 18-year wait for a league title. It was filmed in 2004, including several scenes shot at Fenway - and Boston's unexpected success reportedly forced the film-makers to rework the ending. It is not uncommon in the United States for individuals or groups to own a range of professional teams across different sports, so it is no surprise that some owners' portfolios stretch across both sides of the Atlantic. Outgoing Reds co-owner Hicks owned the Texas Rangers baseball team from 1998 (succeeding a certain George W Bush) until earlier this year but the UK/US connection is kept up by the likes of the Glazer family (Manchester United and Tampa Bay Buccaneers) and Randy Lerner (Aston Villa and Cleveland Browns), who both possess a Premier League football club and an NFL American football franchise. Meanwhile, notable Arsenal shareholder Stan Kroenke owns the St Louis Rams (NFL), Colorado Avalanche (NHL ice hockey), Denver Nuggets (NBA basketball) and Colorado Rapids (Major League Soccer) - so needs a baseball team to complete a "full set". However, Liverpool fans may be encouraged to note that a Sports Illustrated article in 2009 listed Boston's proprietors as the best owners of the 30 MLB clubs - while Hicks' stewardship of the Rangers was ranked as the second worst. How closely Liverpool and Boston may be linked remains to be seen but the common ownership may cause certain rivalries to become even more entrenched. In 2001, the Yankees - Boston's arch rivals - announced a marketing deal with Manchester United. And make no mistake, the Red Sox-Yankees rivalry is as intense as that at any derby game at Anfield or Old Trafford. The Babe Ruth trade may be a distant memory but players rarely move directly between the Red Sox and Yankees - and likewise with United and Liverpool, with Phil Chisnall the last player to do so in 1964. Ace pitcher Roger Clemens starred for Boston for 13 seasons, before being allowed to leave in 1996 as Red Sox general manager Dan Duquette notoriously commented that "The Rocket" was "in the twilight of his career". Clemens moved to Toronto but played in the majors for another 11 years and went on to win more pitching awards and two World Series titles with the Yankees in 1999 and 2000. This led him to be vilified by the unforgiving majority of Red Sox fans, while the fire was further stoked by Boston president Larry Lucchino, who dubbed the Yankees as "the evil empire" in 2002. But like Liverpool, Boston can boast supporters far and wide across the globe, although fans of other Premier League teams will find familiar cause with those followers of other MLB teams who roll their eyes as the Red Sox and Yankees invariably garner more media attention and live television coverage than any other sides. This week, the Red Sox owners took out a full-page advert in the Boston Globe, apologising for the team's failure to reach the play-offs. Could that really happen in Liverpool? After recent humiliating defeats by Northampton and Blackpool, Liverpool's editors may be waiting by their phones. Source: BBC Sports
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