Official Statement

[Mort]

maybe at was the final stumbling block because he realised that the deal was no good for the club. just think about it before you post!

The question is do you belive that any deal, regardless of how it impacts on the shareholders, is better than what we have at present?

[davieG]

The question is do you belive that any deal, regardless of how it impacts on the shareholders, is better than what we have at present?

Well until someone gives us some facts, because at the moment we don't have one then no I couldn't.

[Mort]

Well until someone gives us some facts, because at the moment we don't have one then no I couldn't.

Just saying... to be honest, we've been mired in the sh*te for so long, there is a case to be made for anything being better than what we have at present, thats clearly not a very balanced or sensible approch, but i can understand the folks who accept it.

[Fez of Mahrez]

The question is do you belive that any deal, regardless of how it impacts on the shareholders, is better than what we have at present?

This was pretty much my view at the start of this whole sorry saga, if you go back to about page 3 of the original Mandaric thread.

However, it is wrong and naive. Anyone who thinks "oh, look what he's done for Portsmouth, he's got to be better than this mob" is a simpleton. The shareholders HAVE to be sure that his plan is viable, because it involves a lot of money, an underachieving football team, disinterested fans and a business that was recently in administration.

It's high-risk stuff and after the Taylor years, we simply cannot afford to get this wrong again.

EDIT: Peter Taylor, that is.

[Manwell Pablo]

Make of this information what you will. It has been mentioned to me that Taylor rang the Football League to see what the ramifications of going into administration were. 10 points deducted and relegation was the answer. So he and Clarke have decided to jump ship before the Shit hits the fan.

The offer of 30p per share now seems a very generous offer considering the possibillities of ADMINISTATION again. Lets face it, Manderic could take over the club for less than 30p per share if we were a League 1 side.

The bottom line is, with all the hidden debts that were uncovered by Milans accountants we were being run by some piss poor buisnessmen who were not prepared to dip their hands in their pockets to balance the books.

It seems that the people who brought us out of administation were no better than the ones who put us there in the first place!

I dunno what you mean by that because of the wording, but whoever told you that is talking bollocks, Taylor wouldn't need to ring up to find out what would happen in the even of adminstration. It happened to Rotherham and they were docked 10 points which is now the rules, you don't get relegated for going into admin if that what you meant.

[davieG]

Just saying... to be honest, we've been mired in the sh*te for so long, there is a case to be made for anything being better than what we have at present, thats clearly not a very balanced or sensible approch, but i can understand the folks who accept it.

In all probability we will be better off certainly in the short term but that doesn't mean it's the right or wrong solution.

If it was that easy it wouldn't have taken this long to resolve even if, and it's totally unsubstantiated there was disagreement over the value of the shares, it's a business that is changing hands and the whole thing can be immensely complicated.

[The People's Hero]

This was pretty much my view at the start of this whole sorry saga, if you go back to about page 3 of the original Mandaric thread.

However, it is wrong and naive. Anyone who thinks "oh, look what he's done for Portsmouth, he's got to be better than this mob" is a simpleton. The shareholders HAVE to be sure that his plan is viable, because it involves a lot of money, an underachieving football team, disinterested fans and a business that was recently in administration.

It's high-risk stuff and after the Taylor years, we simply cannot afford to get this wrong again.

EDIT: Peter Taylor, that is.

I think you've overlooked the fact that we ARE Leicester City and we WILL get this wrong but everything WILL be okay because it ALWAYS is.

We'll be shit for a fair time yet though.

Now, all aboard the TPH wagon, I'm going to a girlie bar....

[davieG]

I dunno what you mean by that because of the wording, but whoever told you that is talking bollocks, Taylor wouldn't need to ring up to find out what would happen in the even of adminstration. It happened to Rotherham and they were docked 10 points which is now the rules, you don't get relegated for going into admin if that what you meant.

I think you interpreted it correctly as "talking bollocks" because he has clearly stated the answer to the supposed question was "10 points deducted and relegation was the answer" and as you and I and I would have thought any football supporter with even just a spattering of knowledge would know that that is clearly not the case.

[The People's Hero]

I think you interpreted it correctly as "talking bollocks" because he has clearly stated the answer to the supposed question was "10 points deducted and relegation was the answer" and as you and I and I would have thought any football supporter with even just a spattering of knowledge would know that that is clearly not the case.

At that point, Davie G realised there was an alternative explanation....

[Fox63]

I dunno what you mean by that because of the wording, but whoever told you that is talking bollocks, Taylor wouldn't need to ring up to find out what would happen in the even of adminstration. It happened to Rotherham and they were docked 10 points which is now the rules, you don't get relegated for going into admin if that what you meant.

The wording doesn't quite sound right, I must admit. I have written down and posted exactly what was told to me. Maybe what my mate meant to say was that 10points deducted would see us relegated!

I am not trying to defend the statement because that would be impossible without all the facts. I only posted because the information was plausible.

[The People's Hero]

But you're forgetting that we were born within an hour of each other, my mother said we could be sister and brother.

[Manwell Pablo]

The wording doesn't quote sound right, I must admit. I have written down and posted exactly what was told to me. Maybe what my mate meant to say was that 10points deducted would see us relegated!

I am not trying to defend the statement because that would be impossible without all the facts. I only posted because the information was plausible.

Right

Still wrong as it doesn't take effect until the start of the next season but more correct than what I thought you originally said

[Manwell Pablo]

But you're forgetting that we were born within an hour of each other, my mother said we could be sister and brother.

your name was Fezzlaer (fezzaler) it never suited ya.

[The People's Hero]

your name was Fezzlaer (fezzaler) it never suited ya.

The irony of course is that it does suit him.

Jarvis Cocker was unavailable for comment.

[He's not bald]

But you're forgetting that we were born within an hour of each other, my mother said we could be sister and brother.

What!..your name is Deborah?

[The People's Hero]

What!..your name is Deborah?

Yeah, it suits me right?

Anyway, we should meet up like... awww fu ck, you know what WE forgot to do seven years ago?

[davieG]

At that point, Davie G realised there was an alternative explanation....

[BartonFox]

Make of this information what you will. It has been mentioned to me that Taylor rang the Football League to see what the ramifications of going into administration were. 10 points deducted and relegation was the answer. So he and Clarke have decided to jump ship before the Shit hits the fan.

The offer of 30p per share now seems a very generous offer considering the possibillities of ADMINISTATION again. Lets face it, Manderic could take over the club for less than 30p per share if we were a League 1 side.

The bottom line is, with all the hidden debts that were uncovered by Milans accountants we were being run by some piss poor buisnessmen who were not prepared to dip their hands in their pockets to balance the books.

It seems that the people who brought us out of administation were no better than the ones who put us there in the first place!

Not defending the morons but that is cock-rot.

There is no hidden debts as such, more that when a takeover happens the creditors from yesteryear are owed another chunk of change.

Mr. Taylor and Davies thought they could street fight and pull the wool over Mandaric eyes, pair of gimps.

[Fez of Mahrez]

Not defending the morons but that is cock-rot.

There is no hidden debts as such, more that when a takeover happens the creditors from yesteryear are owed another chunk of change.

Mr. Taylor and Davies thought they could street fight and pull the wool over Mandaric eyes, pair of gimps.

This really does call for a Photoshopped image of Tim Davies' head on the body of a character from Street Fighter, but it's late and I can't be arsed.

And I haven't got Photoshop.

[Manwell Pablo]

This really does call for a Photoshopped image of Tim Davies' head on the body of a character from Street Fighter, but it's late and I can't be arsed.

And I haven't got Photoshop.

Hadouken.

Thats all I have to say on the matter.

[OzFox311]

Well this story gets more and more frustrating.... at least this is promising...

The board resigning as many have said here means 2 things, one the deal ain't going through and they resigned because they would be ridiculed by the clubs fans... oh wait, that's already happening..

Two are more likely, they are being told to go and prepare for the Milan arrival... which I hope is sooner rather than later.

Either way this is surprising good news for the Foxes, perhaps the way forward is finally clear... now to just walk down the path instead of straying off for detours...

[ThurmastonFox]

Jarvis Cocker was unavailable for comment.

<---------

Jarvis he say - I wanna live like Common People

[Babylon]

It is now said on talking balls that the current bid stands at 10p now and 10p in 2008 for each share. The FT did not disagree with what had been put so I believe there is some truth in it.

The FT said the following "Needed more clarity on the current situation. We can't post exact details of the bid, as a shareholder without breaking certain rules. But we do find your post at 11.48 on page 63 very interesting"

This is the post they refered to "Now that the offer is for 10p a share now and 10p a share in 2008, I'm not at all surprised that people are resigning from the board rather than recommend it to shareholders."

They also said this "It appears a majority of the original board will recommend it, but 3 of them resigned as they obviously don't.

We do not view that is a great recommendation.

We were going to back the previous version, now we will review that decision when we get the full detail of the latest bid."

[Kilworthfox]

Liverpool have been bought for £174milion how long did that take?

Lets get the FT on here now with these things take time and the this is normal lines! Balls!

[Fox in a Box]

this is what will be released in about 15 mins

http://www.investegate.co.uk/Article.aspx?...02061223557923Q

Kop Football Limited

06 February 2007

6 February 2007

Recommended Cash Offer

by

Kop Football Limited ('Kop')

For

The Liverpool Football Club And Athletic Grounds Plc

('Liverpool')

Summary and Highlights

The Boards of Kop and Liverpool are pleased to announce that they have agreed

the terms of a recommended cash offer to be made by Kop to acquire the entire

issued share capital of Liverpool.

The Offer is £5,000 in cash for each Liverpool Share, valuing the issued share

capital of Liverpool at approximately £174.1 million. Together with the £44.8

million of net debt in the Club as at 31 December 2006, this represents an

enterprise value for Liverpool of £218.9 million.

Kop is an English private limited company, which has been incorporated for the

specific purpose of making the Offer and which is ultimately jointly controlled

by Mr. George Gillett Jnr. and Mr. Thomas O. Hicks.

The Board of Liverpool, which has been so advised by PricewaterhouseCoopers and

PKF, considers the terms of the Offer to be fair and reasonable. PKF is acting

as the independent financial adviser to Liverpool in relation to Rule 3 of the

Code. PricewaterhouseCoopers is acting as financial adviser to Liverpool.

The Board of Liverpool unanimously recommends that Liverpool Shareholders accept

the Offer. In considering the reasonableness of the Offer, the Liverpool Board

has taken the following considerations into account:

• Kop has indicated its intention to build, as soon as reasonably

practicable, the proposed new 60,000 seat stadium at Stanley Park for which

the Club has already received planning permission and to facilitate the

financing of its construction;

• Kop has indicated that it is committed to an annual budget for player

transfers and is able to supplement this should Liverpool's management and

Kop agree additional funds are required; and

• Kop is supportive of both the current executives and the football

team management at Liverpool to provide stability to the Club.

All of the Liverpool Directors have irrevocably undertaken to accept the Offer

in respect of their own beneficial shareholdings of Liverpool Shares. These

holdings amount, in aggregate, to 18,187 Liverpool Shares, representing

approximately 52.2 per cent. of the existing issued share capital of Liverpool.

In respect of the undertakings given by the Liverpool Directors, these

undertakings remain binding even if a higher competing offer is made for

Liverpool and will only cease to be binding if the Offer lapses or is withdrawn.

In addition, Kop has received an irrevocable undertaking to accept the Offer

from ITV Productions Limited in respect of a further 3,482 Liverpool Shares,

representing approximately 10.0 per cent. of the existing issued share capital

of Liverpool, and this undertaking will cease to be binding if a competing offer

is made or announced on or before the fifth Business Day after posting of the

Offer Document for Liverpool at or above £5,500 for each Liverpool Share in cash

and/or securities, or if the Offer lapses or is withdrawn.

In aggregate, therefore, Kop has received irrevocable undertakings to accept the

Offer in respect of 21,669 Liverpool Shares, representing approximately 62.2 per

cent. of the existing issued share capital of Liverpool.

To uphold the traditions of Liverpool, the Board of Kop has undertaken to

continue the existing informal shareholder ticketing arrangements such that,

subject to the Offer becoming or being declared unconditional in all respects,

Liverpool Shareholders who validly accept the Offer in respect of the Liverpool

shares which they held as at the Priority Tickets Relevant Time, will receive

lifetime priority ticket purchasing rights, giving them priority rights to

purchase tickets for home cup matches, cup finals and a season ticket for the

new stadium (for those who are not already season ticket holders).

Commenting on the Offer, George Gillett Jnr. and Thomas O. 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.'