Football Finances, come laugh at portsmouth

The Something Awful Forums > Discussion > Sports Argument Stadium > The Ray Parlour > Football Finances, come laugh at portsmouth

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serious gaylord: Sep 16, 2007; what.

Also we'll make most of that 25m back by selling our academy cast offs to Sunderland anyway.

# ? Aug 13, 2010 20:13

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# ? Jun 2, 2024 15:51

Eric Cantonese: Dec 21, 2004; You should hear my accent.

Liverpool made big news about an official statement for today. It must have been worth putting everyone on edge on a Friday night...

http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-2

quote:

The Liverpool FC Board has reviewed a number of proposed bids for the club at a meeting held today.

The Board will continue to act in the best interests of Liverpool Football Club and its supporters, doing all that it can to ensure that the Club is ultimately sold to a buyer who has the resources and real commitment to give it a long-term, stable and secure funding position for its plans.

The sale process is continuing. However, its timing and outcome remain uncertain. In the meantime, we will not comment on rumour and speculation.

Wait a minute. It totally wasn't.

# ? Aug 13, 2010 21:56

sc0tty: Jan 8, 2005; too kewell for school..

TyChan posted:

Liverpool made big news about an official statement for today. It must have been worth putting everyone on edge on a Friday night...

http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-2

Wait a minute. It totally wasn't.

I think if you've been following this thing too closely and eating up all the media bullshit like some of the crazies over at RAWK have then its definitely disappointing.

In a broader sense it's a good announcement because it means there have been some bids and the process is moving forward.

Fingers crossed we hear some more over the coming weeks and we can cut the lovely owners loose sometime soon.

# ? Aug 14, 2010 03:22

partipo: Sep 24, 2005; participaction?

liverpool need to make like lebron and stage a special on skysports or something

# ? Aug 14, 2010 04:55

cheese: Jan 7, 2004; Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

Mickolution posted:

There was a shot on TV during the game in Dublin of a group of fans in the new shirt with green and gold scarves, can't wait to see them on Monday. I wonder what this year's version of "well the season tickets were already bought" will be.

IM SO ANGRY AT WHAT IS HAPPENING TO THE CLUB, gently caress YOU GLAZERS!

HERE IS 800 POUNDS FOR MY SEASON TICKET YOU oval office BAGS!

# ? Aug 14, 2010 06:34

cheese: Jan 7, 2004; Shop around for doctors! Always fucking shop for doctors. Doctors are stupid assholes. And they get by because people are cowed by their mystical bullshit quality of being able to maintain a 3.0 GPA at some Guatemalan medical college for 3 semesters. Find one that makes sense.

TyChan posted:

Liverpool made big news about an official statement for today. It must have been worth putting everyone on edge on a Friday night...

http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-2

Wait a minute. It totally wasn't.

Heres an

for all the good reporting on our financial situation you have been doing. Got to accept that the real action is behind the scenes and its all speculation until someone actually accepts a bid. I've already come to the conclusion that it won't happen until the window closes

# ? Aug 14, 2010 06:36

Dudley: Feb 24, 2003; Tasty

Mickolution posted:

There was a shot on TV during the game in Dublin of a group of fans in the new shirt with green and gold scarves, can't wait to see them on Monday. I wonder what this year's version of "well the season tickets were already bought" will be.

They were everywhere at the Community Shield too.

# ? Aug 14, 2010 10:16

Eric Cantonese: Dec 21, 2004; You should hear my accent.

http://www.telegraph.co.uk/sport/football/teams/liverpool/7947150/Liverpool-will-examine-takeover-bids-extremely-carefully.html

quote:

Liverpool will examine takeover bids 'extremely carefully'
Liverpool will spend the coming days conducting forensic investigations into the financing of the handful of "formal bids" submitted by contenders to buy the club last Thursday, managing director Christian Purslow has revealed.

By Rory Smith
Published: 7:30AM BST 16 Aug 2010

The club confirmed on Friday night that several formal offers to complete a takeover at Anfield and bring an end to the three-year tenure of owners Tom Hicks and George Gillett have been received by the board, led by chairman Martin Broughton.

Though those offers do not include a formal "proof of funds", initial background checks on all candidates have been completed by both the club and Barclays Capital, the bank appointed to find a buyer, and results on all those parties to have tabled bids are thought to be positive.

"We have a number of bids for the club and the board is going to take its time to examine those extremely carefully," Purslow said. "Our number one priority is to make sure we know what we would be getting into with any new owner. We take that deadly seriously.

"To know who they are, where the money is coming from, what their plans are and to establish that there is a real commitment for a very long-term stable and secure financial position for the club. Second to that priority � and it's a very close second � is to sell the club as soon as possible."

Purslow insisted there is no leading contender to complete a buy-out and moved to dampen expectations that a deal could be arranged by the close of the transfer window. "It will not take a lifetime but I would not expect it to happen tomorrow," he said.

The fact that a number of bids have been received, though, and have satisfied initial checks, suggests that the Hicks and Gillett regime is reaching its conclusion.

The Americans, who were not present at the board meeting held in London to assess the offers submitted, are believed to have attempted to refinance the �237 million of bank debt held with the Royal Bank of Scotland with a number of other banks as recently as June, though they were blocked by a legal challenge from their own board.

Hicks and Gillett retain a 100 per cent shareholding in the club but ceded management control to Broughton and the board as a condition of their last refinancing deal with RBS in April, after rejecting an offer to take a 40 per cent stake in the club from the New York-based private equity firm the Rhone Group.

Rhone was initially mooted as a potential contender to launch a full buy-out of the club but it is not believed to be one of the parties to have tabled an offer. The firm, run by the billionaires Steven Langman and Robert Agostinelli, is not thought to have had any contact with Liverpool for almost two weeks.

Kenny Huang, the Chinese entrepreneur, remains a contender, while it is thought the Emirate of Sharjah retains some interest. The Kuwaiti Al-Kharafi family, first linked with a takeover of the club 18 months ago, are also believed to have been in contact with Barcap.

Sahara, the conglomerate owned by the Indian billionaire Subrata Roy, has said it is no longer considering a takeover.

The article doesn't say much of anything new, but it does confirm that the process is slowly moving along.

I also found the bolded part interesting about how the RBS-influenced board has blocked attempts by Hicks and Gillett to refinance their debt. Fans might not like Purslow and Broughton, but those guys are apparently doing the right things in some respects.

Eric Cantonese fucked around with this message at 22:55 on Aug 16, 2010

# ? Aug 16, 2010 16:21

Eric Cantonese: Dec 21, 2004; You should hear my accent.

http://www.sportspromedia.com/notes_and_insights/liverpools_world_cup_stars_boost_jackpot/

quote:

English Premier League (EPL) soccer team Liverpool will receive a bumper World Cup payout following the exploits of star players Fernando Torres and Dirk Kuyt.

The 2005 Champions League winners are in line for a cool US$700,000 jackpot � the third biggest in club soccer � from Fifa�s inaugural US$40 million World Cup payment pot for teams whose players took part in the South African spectacle.

The efforts of Javier Mascherano and, to a lesser extent, Englishmen Steven Gerrard, Glen Johnson and Jamie Carragher have all boosted the predicted bounty.

The Merseyside club�s welcome windfall is expected to comfortably surpass that of Chelsea (US$595,200) and Arsenal (US$560,000).

Incredibly, fierce rivals Manchester United � who only had five representatives at the tournament � will not even make the top ten with a modest US$300,000 bonus.

Topping the table will be Barcelona (US$820,800) - whose plethora of Spanish stars lifted the Jules Rimet trophy - and German-dominated Bayern Munich (US$755,200).

Big-spending Manchester City are expected to edge into the top ten with a sum of US$508,800.

Financially beleaguered Portsmouth are in line for more than US$300,000 gross and Championship winners Newcastle are hoping to collect a six-figure cheque.

I didn't know FIFA had set up this payment pot. Interesting.

# ? Aug 16, 2010 22:58

Randy Marsh: May 5, 2007; by T. Finn

Guess it's compensation for them being a bit more tired at the start of the season.

# ? Aug 17, 2010 00:12

Fat Turkey: Aug 1, 2004; Gobble Gobble Gobble!

I don't mean this in the no doubt pissant way it comes across as, but TyChan would it be a good idea to make a new thread dedicated to the ongoing Liverpool ownership situation?

# ? Aug 17, 2010 01:24

Dallan Invictus: Oct 11, 2007; The thing about words is that meanings can twist just like a snake, and if you want to find snakes, look for them behind words that have changed their meaning.

It's not as if there's much else in this thread, though? I'm not TyChan (more's the pity), but I hardly see the need.

# ? Aug 17, 2010 02:10

Fat Turkey: Aug 1, 2004; Gobble Gobble Gobble!

Ty clearly has enough material and following that what he posts would create a successful thread from it's own, so wouldn't a dedicated thread be better?

It's just that while it's clearly worthwhile content to lots of people here, what he seems to be posting quite regularly are the rumours and murmurings of financial activity with nothing ever actually happening for over 6 months. I'm more than interested to read up on what actually happens to Liverpool when a sale actually goes through or big major news happens. I always check this thread for updates on financial assessments or updates on football clubs because I'm the kind of loser who likes that kind of stuff. I'm not really so fussed on this ongoing will-they-won't-they saga that the papers are dragging out, but I really like some of the more focussed financial discussion we have had in here.

I just thought I'd suggest it, not trying to be a cock or anything, just thought it might be specialist enough for a new thread. Apologies if offence caused.

# ? Aug 17, 2010 02:21

sc0tty: Jan 8, 2005; too kewell for school..

Going to suggest that this is a good thread to keep it in. Most media articles about this are full of hype and bullshit.

If the threads on RAWK are any indication its best not to speculate too much because its just stressful and almost always based on fake-truths and hearsay. A dedicated thread would only encourage this and urgh, I can't take more of that.

Also, cool stuff about that 'jackpot'. Never knew about that.

# ? Aug 17, 2010 02:43

Eric Cantonese: Dec 21, 2004; You should hear my accent.

Fat Turkey posted:

I don't mean this in the no doubt pissant way it comes across as, but TyChan would it be a good idea to make a new thread dedicated to the ongoing Liverpool ownership situation?

I floated the idea of a separate thread in the Silly Season thread (since this was sort of tied into Liverpool's transfer options) and the consensus was to keep it in the finances thread since this thread gets a relatively low amount of traffic.

# ? Aug 17, 2010 03:15

ICA: Nov 23, 2007; by Y Kant Ozma Boo

Nah keep it here. It's doing no harm and if nothing else it lets the fans of other teams know how messy and convoluted a take-over is, with owners such as H + G.

# ? Aug 17, 2010 12:32

Jose: Jul 24, 2007; Adrian Chiles is a broadcaster and writer

http://football365.com/story/0,17033,8652_6317298,00.html

A takeover thats likely to happen. Why do new owners say they'll spend stupid money, it just means everyone raises their prices when it happens.

# ? Aug 17, 2010 12:38

duggimon: Oct 19, 2007; If I had a horse I'd buy it oats and fuck it

I didn't even realise Jack Walker was dead, how the gently caress did that pass me by

# ? Aug 17, 2010 13:23

Pissflaps: Oct 20, 2002; by VideoGames

Died never having seen his hometown club win the Premier League :smith:

# ? Aug 17, 2010 14:43

Randy Marsh: May 5, 2007; by T. Finn

Pissflaps posted:

Died never having seen his hometown club win the Premier League

Christ Blackburn are going to do the same old poo poo all over again.

# ? Aug 17, 2010 14:57

Outrespective: Oct 9, 2007; Can't post for 10 years!

Motherwell are going to try and issue a winding up order against Cardiff over an outstanding debt of 175k they are waiting to be paid for a player after Cardiff signed Craig Bellamy.

# ? Aug 17, 2010 15:07

Pissflaps: Oct 20, 2002; by VideoGames

Outrespective posted:

Motherwell are going to try and issue a winding up order against Cardiff over an outstanding debt of 175k they are waiting to be paid for a player after Cardiff signed Craig Bellamy.

Good for them.

# ? Aug 17, 2010 15:08

Randy Marsh: May 5, 2007; by T. Finn

Bellamy could just get his wallet out and cover it right there if it comes to that.

# ? Aug 17, 2010 15:08

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

Pissflaps posted:

Died never having seen his hometown club win the Premier League

tbh I don't know if First Tower United is ever gonna win the premier league.

http://en.wikipedia.org/wiki/First_Tower_United_F.C.

# ? Aug 17, 2010 15:19

Pissflaps: Oct 20, 2002; by VideoGames

willkill4food posted:

tbh I don't know if First Tower United is ever gonna win the premier league.

http://en.wikipedia.org/wiki/First_Tower_United_F.C.

What are you talking about?

# ? Aug 17, 2010 15:21

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

Pissflaps posted:

What are you talking about?

Unless you were talking about the Jersey Premier League.

# ? Aug 17, 2010 15:21

fat gay nonce: May 13, 2003; _{actual penis length: |-----------|}

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willkill4food posted:

tbh I don't know if First Tower United is ever gonna win the premier league.

http://en.wikipedia.org/wiki/First_Tower_United_F.C.

Jack Walker is from Blackburn, not Jersey.

# ? Aug 17, 2010 15:22

Pissflaps: Oct 20, 2002; by VideoGames

willkill4food posted:

Unless you were talking about the Jersey Premier League.

Jack Walker was not from Jersey.

# ? Aug 17, 2010 15:22

Eric Cantonese: Dec 21, 2004; You should hear my accent.

Jose posted:

http://football365.com/story/0,17033,8652_6317298,00.html

A takeover thats likely to happen. Why do new owners say they'll spend stupid money, it just means everyone raises their prices when it happens.

It's to get fans to apply pressure on the club's board to accept the takeover.

# ? Aug 17, 2010 15:23

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

BunnyX posted:

Jack Walker is from Blackburn, not Jersey.

He might have been born in Blackburn, but he lived in Jersey for like 25 years. Therefore his hometown club was First Tower United.

# ? Aug 17, 2010 15:28

Loving Africa Chaps: Dec 3, 2007; We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.

willkill4food posted:

He might have been born in Blackburn, but he lived in Jersey for like 25 years. Therefore his hometown club was First Tower United.

thats not how it works. you wont be able to move to london to legitimise your chelsea support, goondolances

# ? Aug 17, 2010 15:30

Pissflaps: Oct 20, 2002; by VideoGames

willkill4food posted:

He might have been born in Blackburn, but he lived in Jersey for like 25 years. Therefore his hometown club was First Tower United.

Are you loving stupid?

# ? Aug 17, 2010 15:31

fat gay nonce: May 13, 2003; _{actual penis length: |-----------|}

Winner, PWM POTM January

willkill4food posted:

He might have been born in Blackburn, but he lived in Jersey for like 25 years. Therefore his hometown club was First Tower United.

He lived in Blackburn for ~45 years, I suspect that Blackburn, the town where he was born and spent most of his life in before moving to Jersey to become a tax exile would be considered his home town?

# ? Aug 17, 2010 15:36

Wazzerphuk: Feb 9, 2001; Hating Chelsea before it was cool
Winner of the PWM POTM for September
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Pretty sure First Tower Utd won the premiership in 1995 anyway

# ? Aug 17, 2010 15:37

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

BunnyX posted:

He lived in Blackburn for ~45 years, I suspect that Blackburn, the town where he was born and spent most of his life in before moving to Jersey to become a tax exile would be considered his home town?

Its a bit of a stretch but I guess you could look at it that way.

# ? Aug 17, 2010 15:43

Loving Africa Chaps: Dec 3, 2007; We had not left it yet, but when I would wake in the night, I would lie, listening, homesick for it already.

willkill4food posted:

Its a bit of a stretch but I guess you could look at it that way.

do you have severe learning difficulties or are you joking?

# ? Aug 17, 2010 15:54

Hashtag Banterzone: Dec 8, 2005; Lifetime Winner of the willkill4food Honorary Bad Posting Award in PWM

Lyric Proof Vest posted:

do you have severe learning difficulties or are you joking?

It was a joke lpv.

Back on topic, I hope that Blackburn get bought so they can sack Big Sam.

# ? Aug 17, 2010 16:46

Dudley: Feb 24, 2003; Tasty

So he can join Arsenal.

# ? Aug 17, 2010 17:06

Literally Lewis Hamilton: Feb 22, 2005

willkill4food posted:

It was a joke lpv.

Back on topic, I hope that Blackburn get bought so they can sack Big Sam.

Haha it was a joke guyz. :downs:

# ? Aug 18, 2010 01:19

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# ? Jun 2, 2024 15:51

Psybro: May 12, 2002

I think the joke is that Jack Walker was all 'I'm going to pay money to my hometown club but like gently caress will I pay taxes there lolz'

# ? Aug 18, 2010 01:30

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