Tuesday, 12 October 2010

Wow, Liverpool FC to be Singaporean-owned?

Am still picking up my jaw from the floor after reading this mind-blowing bit of news from the beebs, that

  1. a Singaporean billionaire would want to buy a football club (doesn't really make monetary sense?);
  2. the particular Singaporean billionaire with several Manchester United themed bars in Asia would want to buy LFC;
  3. he can repay all of Royal Bank of Scotland's and Wachovia's £200m of long-term debt, to take on £60m of other debt and to inject £40m of working capital using cold hard cash from his own pocket;
  4. he should be so naive as to deal only with the LFC board, since they can't even agree with just 5 people on the board. Should have dealt with RBS as well, 'cos RBS can exert more pressure and from a bank's perspective, just wants to either get its money back or make more money with a further loan.
  5. he will a higher offer than his previous monetarily better offer (so it is not about the money now? My anti-colonial alarm bells are ringing),
  6. (i just have to say this again) a Singaporean billionaire would want to buy LFC;
Let's just hope this gets resolved before 15 October (loans are due!) or Kop Holdings would be placed into administration and LFC, being the only asset of Kop Holdings, would be docked 9 points (as if being in the relegation zone wasn't enough!).

0 obiter dicta: