Another takeover bid, Sky Sports reporting that a consortium from Kuwait are in discussions to buy Liverpool but have admitted talks are going "very badly" because the price is to high, the two yankers want 500 million apparently!!
Just found this link to the story http://www.teamtalk.com/football/story/0,16368,2483_5010512,00.html
Didn't even know we were still in negotiations with these tbh-probably just trying to force the price down-cant see any imminent sale myself.
Potential Liverpool sale 'going really badly' Thursday, 5 March 2009 16:38 Liverpool's owners have suffered a blow in their efforts to sell the club to a Kuwaiti investment consortium. A spokesman for the consortium says the £500 million value put on the club by American businessmen Tom Hicks and George Gillett is too high and that negotiations are 'going really badly'. Abdulla Al-Sager, one of the possible investors in the consortium headed by Kuwait's Al-Kharafi family, told Bloomberg: 'Things are going really badly, because they are asking for too much. 'I don't think anything will happen unless we get a better price.' The consortium are now likely to play a waiting game until July when Hicks and Gillett have to see if they can refinance Liverpool's £300 million debts. If they cannot, then they may be forced to sell for a much lower price. Liverpool have also been in talks about a sale with another investment group in the Middle East and one in the US. It is understood Hicks would ideally like to find an investment partner to buy Gillett's stake and allow him to remain in control.
They will wait anyway on the chance that we win the champions league. I think it'll have to happen in June though, there's no way they could refinance in the current global climate.
Any word on DIC or is that dead in the water, do ye want a business to buy us, or some1 else like moores with a few quid
Bankers take prospective Anfield buyer to High Comments Liverpool's owners will continue to listen to bids for the club - but remain adamant they will not sell at a knockdown price. A High Court writ for breach of contract, brought by investment bank Seymour Pierce against a consortium led by Kuwait's Al-Kharafi family, claims George Gillett and Tom Hicks had been involved in talks with the Arabs for more than a year before negotiations broke down for the third time at the end of last month. But club sources claim that, despite the July deadline to renegotiate the huge loans which financed their takeover two years ago, the American pair are not actively seeking to sell and will not do so unless the price is right and they consider the would-be owners to be suitable. Several parties are understood to have approached Hicks and Gillett, but there is no deal on the table. Neither Hicks nor Gillett would comment last night, but last week a prospective member of Al-Kharafi consortium took the highly unusual step for an Arab businessman of going public with a claim that Liverpool's owners were demanding too much for the club - thought to be around £500million. The writ suggests that talks with the Al-Kharafis began soon after the Americans agreed new terms for their loans with the Royal Bank of Scotland and American institution Wachovia in January 2008. Although Hicks now seems to be the one driving a possible sale to the Kuwaitis, with his lieutenant Roy Bailey in the Middle East in recent weeks, the writ, seen by the Mail on Sunday, claims the Gillett camp were the primary movers this time last year. It is believed that a sale was all but finalised last July, only for the Al-Kharafi consortium to walk away at the last minute. The claim lodged with the Queen's Bench Division of the High Court on February 25 this year says that Seymour Pierce was engaged on February 27 2008, by Rafed Al-Kharafi and the Al-Kharafi National Group to be the exclusive adviser on a takeover of Liverpool. According to the document, the Al-Kharafis agreed to pay Seymour Pierce an initial fee of £100,000 once Hicks and Gillett had agreed to talks about a sale and a corporate finance fee of £150,000 once the bank had obtained private financial information to aid consideration of the purchase. By March 18, the document claims, both Gillett and Hicks had indicated they wanted to sell to the Kuwaitis. On April 10, May 15 and June 17, it is alleged, Gillett's advisers provided confidential information to Seymour Pierce, including a list of all salaries at the club, while the Hicks camp forwarded the club's 10-year financial projections. Including expenses and interest, the total claim is for £302,368.89. The writ also says that the contract between Seymour Pierce, fronted by football deal-maker Keith Harris, and the Al-Kharafi family included a success fee. Sources suggest that if the Kuwaitis do eventually buy Liverpool, Seymour Pierce will claim a further £7million.
Just been on SSN "are negotiating and will continue to do so in the weeks to come, hope to meet Hicks in the next 2 weeks."
These people are not Knights on white horses, there a consotium in it for the money and we should be very careful what we wish for, have to say this line in the article made me laugh, where have we heard this before? "the American pair are not actively seeking to sell and will not do so unless the price is right and they consider the would-be owners to be suitable."
you beat me to it mate,looks like they have a conscience after all(yeah right!),more than can be said for the previous custodian....
Anyone who thinks that any potential new investors are looking for anything other than a profit is clearly naive.
No these people are looking to spend their money and make other people happy. Why would they be looking for profit?
dont think there is anyone in the world who have that kind of money and will just spend it for the benifit of us liverpool fans
The Kuwaiti investment consortium interested in buying Liverpool have revealed that both parties are willing to negotiate. Talks had appeared to have hit a dead-end after reports earlier this week suggested that Liverpool co-owners George Gillet and Tom Hicks were asking for too much money. But it now appears the consortium have reaffirmed their interest in the club and would be willing to sit down to renew talks. The key investors in the consortium are set to meet Hicks in the next two weeks in a bid to reach an agreement. Serious "We are serious and things can change. Hicks and his team are nice people and unbelievably humble," Kuwaiti group spokesman Abdulla Al-Sager told Bloomberg. "We are huge supporters and we definitely want something to happen. We want to build the new stadium at Stanley Park and make the team do really well." Hicks and Gillett bought Liverpool for £174million in 2007 and with the need to refinance the £300million worth of debt in four months' time the pair are keen to sell up.
It would make no sense for them to (a) pay that kind of money now (b) not wait at least until the loan renewal date, unless of course they were getting a cut price deal. Surely if they waited till the renewal date and put, say a £400m offer on the table, then RBS would be advising Hicks & Gillett to take it as with that offer on the table, they would not be renewing the loan. Interesting summer ahead, again
Isnt Keith Harris the same guy who was trying to flog newcastle for Mike Ashley before (and probably since) Christmas?? Something smells fishy, remember him doing an interview on Sky Sports/News before Christmas when he was talking to possible Newcastle bidders declaring that Liverpool was an unattactive option for investment...i.e. making Liverpool out to be bad just to get a takeover for Ashley.
no,it's this keith harris.. to be honest,the way this club is being run i wouldn't be surprised if it was him.he wouldn't look out of place alongside coco anyway...