Marc
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Registered: 11th Aug 02
Location: York
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Would trust a man that wears a scarf in summer? 
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Marc
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Registered: 11th Aug 02
Location: York
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BBC Sport says 6 bids received 
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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And now a Syrian/Canadian consortium have come out and said they are favourites.
Info going round the forums say this is the work of Gillett though and an attempt to push the price up for other serious bidders.
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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Why aren't one of the main contenders bidding, show themselves public? Find that annoying tbh.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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quote:
Originally posted by Whittie
Why aren't one of the main contenders bidding, show themselves public? Find that annoying tbh.
Pardon  ??
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Cosmo
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Registered: 29th Mar 01
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Its so much in the public eye that the bidders wont want to lose face should they miss out on the deal - hence keeping the deal private until it happens.
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Cosmo
Its so much in the public eye that the bidders wont want to lose face should they miss out on the deal - hence keeping the deal private until it happens.
Either that or its BS and they don't exist.
[Edited on 04-08-2010 by Nath]
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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quote:
Originally posted by Nath
quote:
Originally posted by Cosmo
Its so much in the public eye that the bidders wont want to lose face should they miss out on the deal - hence keeping the deal private until it happens.
Either that or its BS and they don't exist.
[Edited on 04-08-2010 by Nath]
Prexcactly, Gillet would definitely make some of these up to try and bump up other party's bidding.
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Whittie
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Registered: 11th Aug 06
Location: North Wales Drives: BMW, Corsa & Fiat
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quote:
Originally posted by Tom
quote:
Originally posted by Whittie
Why aren't one of the main contenders bidding, show themselves public? Find that annoying tbh.
Pardon ??
Fuck that doesn't make sense at all
I was meant to say, why is the main bidder keeping themselves disclosed / hidden from the public.
quote:
Originally posted by Cosmo
Its so much in the public eye that the bidders wont want to lose face should they miss out on the deal - hence keeping the deal private until it happens.
Have they announced that they would make themselves public if they bought LFC? If so, fair enough I see where they're coming from. If not, it's like they're hiding incase it goes tits-up and they'll get bad publicity for their business.
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Cosmo
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Registered: 29th Mar 01
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Most of the papers tomorrow are running the story that we're about to be bought by the Chinese soverign wealth fund - which is worth about £190bn - so Roman and Sheik who?
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JonnyJ
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Registered: 23rd Sep 05
Location: Scotchland
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Fucking Liverpool, buying their way to the title  Another club I'm going to have to hate.
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Cosmo
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Remains to be seen how much they'll simply throw at the club for players.
In theory, the club minus loan repayments makes a decent amount. Add on to that revenue from a new stadium and the MASSIVE growth potential in Asia by being owned by the Chinese govt. and we should be self sufficient.
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Nath
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Registered: 3rd Apr 02
Location: MK
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So Chelsea + Russia = Chelski.
Liverpool + China = ?
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Cosmo
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Registered: 29th Mar 01
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Number 19
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Nath
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Registered: 3rd Apr 02
Location: MK
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Chinkypool
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Cosmo
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Registered: 29th Mar 01
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Poor Nath. Poor.
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Nath
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Registered: 3rd Apr 02
Location: MK
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Works for me 
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by Cosmo
Most of the papers tomorrow are running the story that we're about to be bought by the Chinese soverign wealth fund - which is worth about £190bn - so Roman and Sheik who?
So they have £190bn worth of assets and very little in the way of monies in the bank? Hence them selling £351m worth of shares in other companies to cover the acquisition.
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Cosmo
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Of course they have cash, they don't have it all as assets - no fund is stupid enough to not leave some liquidity.
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by Cosmo
Of course they have cash, they don't have it all as assets - no fund is stupid enough to not leave some liquidity.
China fund raises finance to match Liverpool asking price
Liverpool's ownership has been the target of increasing speculation over the last few days.
The Chinese government fund represented by Kenny Huang has spent the past fortnight raising precisely the amount of cash required to finance a bid for Liverpool. Sources have confirmed to Digger that the China Investment Corporation, the sovereign wealth fund to the world's most populous nation, is the organisation being fronted by Huang, who yesterday admitted interest in bidding for Liverpool.
In a series of trades since 19 July, CIC has sold $558m of shares in Morgan Stanley, equating to £351.4m. That sum is equivalent to Liverpool's debt to the nearest decimal place, and is exactly the number insiders say has been quoted to interested parties as the sale price.
China Daily, the English-language arm of the Chinese state media, reported yesterday: "China Investment Corp, the Chinese sovereign wealth fund that bought a 9.9% stake in Morgan Stanley in 2007, sold $90.5m of shares in the investment bank on 30 July, bringing the total amount divested in the last two weeks to about $558m."
Although sovereign wealth funds have enormous values of assets under management, cash is generally tied up in equity and bond markets. This requires liquidation by share sales before major new investments can be made. It is therefore hugely significant that the £351.4m number is also equivalent to Liverpool's debt, suggesting that CIC is shifting its assets ahead of an offer for the five-times European Cup winners.
It also indicates that despite the ambitions of the Anfield club's chairman, Martin Broughton, to generate a return for Tom Hicks and George Gillett, China is refusing to reward them for their three-and-a half-year ownership of the club. The Americans' capacity to dictate terms is further reduced by the fact that there are few other credible bidders preparing to compete with Huang and CIC.
Even those involved in the sale process have dismissed the announcement yesterday from Yahya Kirdi, the former Syrian footballer with business links in Canada, of his intention to compete with Huang for Liverpool. Kirdi has previously talked of his interest but is said not to have meaningfully pursued it, but his interest could raise the price that current owners are looking for. The Rhone Group has also re-emerged as a possible interested party. But although it is regarded as being financially capable of mounting a bid, the private equity firm has come to the table before, having looked at a minority-stake investment in March. But it did not go through with the deal.
Huang confirmed for the first time yesterday he had contacted Liverpool's brokers in the sale – who together are Broughton and Barclays's investment-banking division, Barcap – to "register interest". He did state he "has made no formal bid", however CIC's cash-raising exercise demonstrates it is in a position to make an approach at any time.
In that event the red half of Merseyside might be concerned about the impact of direct investment from the Chinese government in their club. But in anticipation of negative reaction to its world-wide investment activities, CIC's website states: "CIC strives to contribute to the prosperity and development of local economies.
It adds: "CIC usually does not seek an active role in the companies in which it invests nor attempts to influence those companies' operations. CIC seeks long-term, stable, sustainable, and risk-adjusted return."
Although the message of prudence, at a time when CIC's dumping of £351.4m of Morgan Stanley shares has conspicuously not generated any money for transfer activity, might dishearten fans, it should not be interpreted as a lack of team investment. CIC would be purchasing a debt-free club and would be capable of taking out smaller, more affordable loans to finance team strengthening this summer.
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Cosmo
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Registered: 29th Mar 01
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Where does it say there that its all in assets?
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by Cosmo
Where does it say there that its all in assets?
Well if they have not got £351m in cash then they are not going to have £350m sat there waiting to build a stadium or as a transfer budget.
And its in the middle of the piece:
Although sovereign wealth funds have enormous values of assets under management, cash is generally tied up in equity and bond markets. This requires liquidation by share sales before major new investments can be made. It is therefore hugely significant that the £351.4m number is also equivalent to Liverpool's debt, suggesting that CIC is shifting its assets ahead of an offer for the five-times European Cup winners.
[Edited on 05-08-2010 by Rick Draper]
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Cosmo
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quote:
Originally posted by Rick Draper
quote:
Originally posted by Cosmo
Where does it say there that its all in assets?
Well if they have not got £351m in cash then they are not going to have £350m sat there waiting to build a stadium or as a transfer budget.
And its in the middle of the piece:
Although sovereign wealth funds have enormous values of assets under management, cash is generally tied up in equity and bond markets. This requires liquidation by share sales before major new investments can be made. It is therefore hugely significant that the £351.4m number is also equivalent to Liverpool's debt, suggesting that CIC is shifting its assets ahead of an offer for the five-times European Cup winners.
[Edited on 05-08-2010 by Rick Draper]
Are you having a laugh? The fund totals £190bn, are you trying to tell me they dont have a small % of this (which is what buying us equates to) as cash. You're deluding yourself if you think this tbh.
And it doesnt say that at all, it says 'generally'. I see zero evidence that all £190bn is tied up.
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by Cosmo
quote:
Originally posted by Rick Draper
quote:
Originally posted by Cosmo
Where does it say there that its all in assets?
Well if they have not got £351m in cash then they are not going to have £350m sat there waiting to build a stadium or as a transfer budget.
And its in the middle of the piece:
Although sovereign wealth funds have enormous values of assets under management, cash is generally tied up in equity and bond markets. This requires liquidation by share sales before major new investments can be made. It is therefore hugely significant that the £351.4m number is also equivalent to Liverpool's debt, suggesting that CIC is shifting its assets ahead of an offer for the five-times European Cup winners.
[Edited on 05-08-2010 by Rick Draper]
Are you having a laugh? The fund totals £190bn, are you trying to tell me they dont have a small % of this (which is what buying us equates to) as cash. You're deluding yourself if you think this tbh.
And it doesnt say that at all, it says 'generally'. I see zero evidence that all £190bn is tied up.
I see a fund selling the exact amount shares and raising the money in cash.
You been deluded believe they have the cash sat there in a bank to buy you when clearly they do not.
Do you even know what a SWF is
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Rick Draper
I see a fund selling the exact amount shares and raising the money in cash.
You been deluded believe they have the cash sat there in a bank to buy you when clearly they do not.
Do you even know what a SWF is
FPMSL, mate is have a business degree so of course I know
They may well have freed up cash, they may well have done it to pay for the club - but I stand by the fact they do not have the full £190bn (SSN actually saying £210bn) as assets and no cash. Its just not good business sense to have no liquidity.
They are continually buying/selling stakes in companies, just as they have done so in July does not mean they are doing so to buy us.
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