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Tweesus
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Liverpool Takeover Thread
Parks lives- Number of posts : 34521
Age : 43
Favourite Player : The Ginger One
Registration date : 2006-08-06
Tweesus- Number of posts : 34851
Age : 41
Registration date : 2006-08-06
BUMP.
I saw this in the news today, have they provided a good breakdown of the financial situation yet?
I saw this in the news today, have they provided a good breakdown of the financial situation yet?
Guest- Guest
What's the latest concerning the proposed takeover?
A huge amount of work has been going on on both sides and I imagine we'll have something concrete to say relatively soon on that.
Give us a layman's explanation of what's going on at the moment?
They're just finalising all of the legal work. They've been examining the books and satisfying themselves that everything is fine on that score. There's a lot of legal work to do, documents to be drawn up and investigation into the funding of the new stadium, which is a very important project for us. There's no lack of effort on their part.
Is it just a case of dotting the I's and crossing the T's?
It's a case of finalising the due-diligence and pulling everything together, which we hope will be done relatively quickly.
How often are you talking to them?
Over the past month or so they've had a team of people here; they've had several people working with us for a significant period. They're not with us at the moment, they're back in Dubai, but they are working around the clock. They've obviously been on a steep learning curve because football is a little different from most of their key businesses. It helps that most of the people we've been dealing with are genuinely Liverpool supporters, so they understand what we're about. They were at the FA Cup game against Arsenal, so they shared our disappointment on that one. There's always a tremendous amount of work to do on these things and it can't be rushed, we have to do things properly.
Are you 100 per cent confident the deal will go through?
It is looking positive and yes I am confident.
When they come in, will there be lots more money to buy players?
They're certainly going to help take us to the next level. They're not going to be profligate with spending, we've said all along the club will have to be run along businesslike lines. It's not going to be a rich-man's plaything. We're going to have to be sensible but their whole business model, which involves the new stadium at the centre of it, is based on success. They recognise that success on the pitch leads to success off it and that you have to invest in order to stay at the top. It's not a quick-fix, it's not about rushing out to buy players for this season or next season; it's about securing a model for long-term success.
A huge amount of work has been going on on both sides and I imagine we'll have something concrete to say relatively soon on that.
Give us a layman's explanation of what's going on at the moment?
They're just finalising all of the legal work. They've been examining the books and satisfying themselves that everything is fine on that score. There's a lot of legal work to do, documents to be drawn up and investigation into the funding of the new stadium, which is a very important project for us. There's no lack of effort on their part.
Is it just a case of dotting the I's and crossing the T's?
It's a case of finalising the due-diligence and pulling everything together, which we hope will be done relatively quickly.
How often are you talking to them?
Over the past month or so they've had a team of people here; they've had several people working with us for a significant period. They're not with us at the moment, they're back in Dubai, but they are working around the clock. They've obviously been on a steep learning curve because football is a little different from most of their key businesses. It helps that most of the people we've been dealing with are genuinely Liverpool supporters, so they understand what we're about. They were at the FA Cup game against Arsenal, so they shared our disappointment on that one. There's always a tremendous amount of work to do on these things and it can't be rushed, we have to do things properly.
Are you 100 per cent confident the deal will go through?
It is looking positive and yes I am confident.
When they come in, will there be lots more money to buy players?
They're certainly going to help take us to the next level. They're not going to be profligate with spending, we've said all along the club will have to be run along businesslike lines. It's not going to be a rich-man's plaything. We're going to have to be sensible but their whole business model, which involves the new stadium at the centre of it, is based on success. They recognise that success on the pitch leads to success off it and that you have to invest in order to stay at the top. It's not a quick-fix, it's not about rushing out to buy players for this season or next season; it's about securing a model for long-term success.
Tweesus- Number of posts : 34851
Age : 41
Registration date : 2006-08-06
So quite a bit of money.
Seriously, if it was me that stadium app would be being amended right this second
Seriously, if it was me that stadium app would be being amended right this second
Football Genius- Number of posts : 7743
Age : 40
Supports : Liverpool
Registration date : 2006-08-07
Looks postive, they key is that the investment is long term and not short term, i doubt we will have much more of a transfer budget than we have had for the last few seasons. £20million a season perhaps.
However the focal point of the takeover is the stadium which is a must if we wish to compete in the future with the big boys financially.
Hopefully it will get sorted sooner rather than later, we dont want the takeover to drag and affect even in the slightest our performances.
However the focal point of the takeover is the stadium which is a must if we wish to compete in the future with the big boys financially.
Hopefully it will get sorted sooner rather than later, we dont want the takeover to drag and affect even in the slightest our performances.
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