The Owners - FSG (Part 2)

[jabu]

to be honest i dont think bezos is in it for the money with LFC. I think he is more interested in leveraging the LFC brand in other areas of his business

[Noo_Noo]

@jabu

its done @Sithbare, unless some crazy shit happens. maybe bezos has a change of heart and chooses not to follow through but like i said, the fact they are at this point, i doubt he backs out unless @gasband, @Noo_Noo and @LFCSandgrounder get involved

I thing @gasband’s art will be far more influential than any I could do, unless he sells out and we find a sea gull on the kop end seating plan.

[Sithbare]

And that only happens if he invests into the club as well.

[norwegian_wood]

What sort of stuff do you make? Painting or other things?

[jabu]

@Sithbare

I think they’ve started taking a leaf out of the glazers book and will essentially look to hand over the running of the football operations of it to the new Consortium.

The difference is that they leave on a position of relative strength as opposed to the glazers who were essentially forced out.

All the while , I think they will still hold on to the minority stake holding for a while too.

that would be great, but unfortunately that decision is no longer theirs to make

[Sithbare]

The language says majority ownership, not full ownership.

I do think there is a case when there have been pre contracts signed in place where fsg still maintain some interest in the club. It’s a classic angel investor scheme and in this case , fsg is really an angel investor.

[jabu]

I love your hope. like you said, only time will reveal. we should be seeing more in depth articles on this, this coming week… you will then see the strong position that bezos is in. once FSG took that check, power switched hands to bezos. look at it like LFC taking a player on loan with the option to make it permanent and that option being reliant on LFC saying yes or no and not the team that actually owns the player

[RedGedinLA]

I’m sorry but your faith in ‘gold-standard’ journalism is horribly misplaced. None of those publications has any kind of regulatory confines they need to abide by and one of the reference points you claim they would consult have even a remote access to the confidential details of this just-announced deal. None of the publications you have mentioned have named any sources for this option-to-buy flier and not one has a direct quote to back it up.
Believe me, these media sources are the same as any other and will absolutely pick up on their rivals’ work and repeat it with their own ‘sources’. They are businesses like any other and certainly not some kind of lofty peer-reviewed ‘institutional business journalism’, as you are suggesting.
Sorry, but I’m confident about my scepticism because there’s nothing anybody can tell me about how journalism works. Nothing. That’s not a brag by the way, just based on 30 years in that business.
I’m happy to take you up on that bet that Bezos will be majority owner in 12 months. Not a chance. You’re taking this whole thing way out of context IMO.

[jabu]

Dude you serious? Since you claim to know everything about journalism, let’s talk about M&A and regulatory reality instead, which is what I actually did for a living.
Bloomberg reporters don’t sit around reading Twitter for ‘fliers.’ They track the actual fund disclosures, capital mandates, and terminal data of the entities involved. When a consortium like 1892 Holdings is formed to deploy billions, its institutional backing and future investment mandates are registered across financial networks. That isn’t sports gossip; it’s basic corporate tracking.

Furthermore, you are completely ignoring the regulatory confines of the UK’s Independent Football Regulator and the Premier League Owners’ and Directors’ Test. 1892 Holdings cannot just casually wander onto the board. To gain regulatory clearance for Amit Bhatia, Bryan Baum, and Elaine Saverin to take their seats, the entire Shareholders’ Agreement including all future financing structures, call options, and debt-free commitments must be legally submitted to the regulators for auditing.
The financial press confirms the unilateral option because the regulatory submission itself confirms it. You can stay dug into your skepticism all you want, but you are confusing a sanitized club press release with the actual legal architecture required to clear a multi-billion-pound corporate transaction. In 12 months, the math will speak for itself.

Lets leave it there and see what happens in the next year.

[LondonRich]

@Noo_Noo

And it’s a shit product for all the money spewing round in it. But if you like the distraction feel free to keep watching and throwing your money into that pit.

I’ll think about it.

Truth be known I find myself less passionate about it day to day. It once dictated my week and mood. It does not anymore. I once moved heaven and earth to watch every game. I do not anymore.

Maybe that’s healthy!

I dislike the prima donna acting and behaviour. I dislike the money players get paid. I dislike average players costing £50m and making the finances unsustainable without going down the US no transfer fee model.

I hate the lack of passion and connection a lot of players have to clubs and fans.

I really hate the fact that the authorities have let City get away with financial doping that has undermined the whole integrity of the game.

[LondonRich]

And I fecking hate FIFA and all the corruption they bring.

[RedGedinLA]

None of that reporting has even been considered by the governing bodies themselves, never mind by the media. And your ideas about how Bloomberg works may have had some basis in truth 40 years ago but the cold hard economic truth about staffing ratios in newsrooms makes that kind of reporting impossible. Newsrooms have been decimated pal and nobody is working like that.
What you are implying here is that FSG has lied to it’s supporters about this deal, that it’s not a minority-shareholding injection of funds and they are keeping quiet about their true intentions, which is to let Bezos take over. That’s disrespectful and not their style at all.
Like I said, I’ll happily take any bet that Bezos isn;t our majority owner in 12 months time.

[jabu]

like i said, we are both pretty much dug in, in our positions and opinions. lets move on. I stand on what i said. Unless something crazy happens, the consortium will take up the option of majority ownership. lets move on.

[RedGedinLA]

Hey, we’re just sharing opinions buddy. We both love the club and want what’s best for it. Big hugs!

[jabu]

true… big hugs back!!

[Hope.in.your.heart]

@RedOverTheWater

who is Liverpool Football Club?

A big money-making machine, like all other big PL clubs, with a history that is now firmly part of the past, and totally separated from its present condition.

It started long ago, but we are now fully there. Playing out the ‘romance’ of LFC’s working class history is merely hypocrisy at this stage.

[Sithbare]

How cute

[Sithbare]

I’m enjoying the bromance there. Stop being the voice of reason.

[Sithbare]

Do think the failure of the multi club model especially with respect to FSG has led to the decision of FSG wanting to take a step back from football.

They were in it for Toulouse was it ? And that whole attempt of Edwards coming back was to replicate what Chelsea did with Strausberg (sp)

FSG didn’t get both the deals done there as well.

[legalalien]

[quote=“RedGedinLA, post:537, topic:5788, full:true”]What you are implying here is that FSG has lied to it’s supporters about this deal, that it’s not a minority-shareholding injection of funds and they are keeping quiet about their true intentions, which is to let Bezos take over. That’s disrespectful and not their style at all.
[/quote]

This is what disturbs me. Either the US media is correct or FSG are lying. It’s as simple as that. It’s an either / or. I think it’s time that John Henry came out and made it clear; either 1892 Holdings will be the new owners a year from now, or they won’t.