PDA

View Full Version : History can be bought : Liverpool taken over !


Martian Jeza
Feb 6th, 2007, 01:50 PM
US pair agree Liverpool takeover


American tycoons George Gillett and Tom Hicks have reached an agreement to take over Liverpool.

The club have called a news conference at 1400 GMT to announce the details of the buy-out.

Liverpool chairman David Moores, who will become an honorary life president, said: "This is a great step forward for its shareholders and its fans."

Hicks and Gillett, who beat off competition from Dubai International Capital, own NHL ice hockey teams.

Live: Liverpool news conference - 1400 GMT
Interview: Former Liverpool defender Mark Lawrenson

The offer is worth 5,000 per share, valuing the club at 174.1m, and along with the club's 44.8m debt their offer is worth 218.9m.

But the pair are also thought to have guaranteed more than 200m towards the cost of building a new stadium.

A club statement said: "Liverpool FC today announced that the board have agreed the terms of an offer for the club from Mr George Gillett and Mr Tom Hicks.

"The board are unanimously recommending that the club's shareholders accept this offer."

Moores added: "This club is my passion and forms a huge part of my life. After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad.

"I urge all my fellow shareholders to do the same and to support the offer. By doing so, I believe you will be backing the successful future of Liverpool.

"I am also delighted to accept the offer from the Hicks and Gillett families to continue my involvement in the club by becoming honorary life president."

Liverpool chief executive Rick Parry added: "This is great for Liverpool, our supporters and the shareholders - it is the beginning of a new era for the club.

"They are bringing to the table tremendous and relevant experience, a passion for sport, real resources and a strong commitment to the traditions of Liverpool.

"Their approach represents exactly the sort of genuine partnership that Liverpool has been seeking over recent times.

"We know that George and Tom want a long-term relationship with Liverpool and that they also understand the importance of investing in our success both on and off the field.

"They have made clear their intention to move as quickly as practicable on the financing and construction of our proposed new stadium at Stanley Park and also to support investment in the playing squad.

"This has been an important time for the club. We now have the right partners for the future. I am absolutely certain we have now ended up in the right place, with owners who will help the club succeed and prosper.

Hicks, who owns the Dallas Stars ice hockey club as well as the Texas Rangers baseball team, joined forces with Gillett to gazump rival bidders DIC last week.

Arrangements over the future of Liverpool's new stadium appear to have clinched the deal.

Hicks has built up a reputation for developing state-of-the-art stadia for his teams.

But his presence apparently ensured that Liverpool will not have to share their new Stanley Park ground with neighbours Everton.

In Gillett's original solo approach he had indicated he wanted a ground-share arrangement to cut costs and maximise income.

Gillett, owner of Montreal Canadiens, has impressed Liverpool with his proposals and the speed at which he completed due diligence - the process of investigation by potential investors - in three days.

The 68-year-old American has also stressed his experience in running successful sporting operations.

It is thought to be the first time that two owners of rival sports clubs in one league have combined to purchase a club in another.

Liverpool will become the third Premiership side to come under the control of American owners, following the takeovers of Manchester United and Aston Villa in recent years.

A joint statement from Gillett and Hicks said: "Liverpool is a fantastic club with a remarkable history and a passionate fanbase.

"We fully acknowledge and appreciate the unique heritage and rich history of Liverpool and intend to respect this heritage in the future.

"The Hicks family and the Gillett family are extremely excited about continuing the club's legacy and tradition.

"We are particularly pleased that David Moores and Rick Parry will have a continuing involvement in the club. For us continuity and stability are keys to the future."

mandy7
Feb 6th, 2007, 02:44 PM
Ah well, as long as they stay true to their fans
it's all good
they shouldn't turn into chelski
that would be lame

SloKid
Feb 6th, 2007, 02:50 PM
At least they have history...

TheBoiledEgg
Feb 6th, 2007, 03:56 PM
At least they have history...

true :wavey:
as long as its good for the club.

turning into that Chelsea :lol: :lol:, they were nothing little team before Roman came, and they still are nothing despite BUYING two champs :rolleyes: :o

SJW
Feb 6th, 2007, 04:34 PM
At least they have history...

See, Martian, even non-fans know the truth :cool:

Halardfan
Feb 6th, 2007, 05:15 PM
Didnt I read that one of them has strong connections with a certain GW Bush? Bit worrying that.

Im just jealous no zillionares want to invest in Man City:sad:
After 30 plus years of winning chuff all, I woudlnt mind someone buying us the title.;)

Frode
Feb 6th, 2007, 10:15 PM
Do they have to take up a loan, like Man U, or to they have the cash, like Chelsea? United, my club, went from the richest club in the world(?) to hundreds of millions in dept. As long as we are getting the results OK, but if we don't........

neptuneslims
Feb 6th, 2007, 10:33 PM
I love Liverpool :)

controlfreak
Feb 7th, 2007, 12:20 AM
the club is changing hands, can this be classified as a Liver transplant?

hablo
Feb 7th, 2007, 12:50 AM
American tycoons George Gillett
He's the Habs owner. :lol:

ZeroSOFInfinity
Feb 7th, 2007, 02:20 AM
Well, well, well... Liverpool joining in the "Billionaires Club" with the likes of Chelsea, MU, Aston Villa and West Ham. It's interesting to see though which path Liverpool will follow... "Success", "Remaining The Same", Or "Collapsing".

At least next year's Premiership would be much more competative instead of a 2 horse race right now. By the way, this would make "poor" Arsenal look like a minority among the Big 4... too bad no one wants to buy them... NOT :lol: