Fresh twist as billionaire Lim attempts to gazump NESV with £320m offer October 12, 2010 ASIAN billionaire Peter Lim relaunched his bid to buy Liverpool yesterday by making a second, improved offer of £320m for the Premier League club. The bid is bigger than that of New England Sports Ventures, who have signed a deal with Liverpool’s board, pending legal challenges. Lim’s proposal also comes with an extra £40m transfer [...]
BARCAP VICE-CHAIR TO BACK CITY WOMEN IN PLURAL DIRECTOR ROLE October 12, 2010 BARCLAYS Capital vice-chairman Gay Huey Evans has long been a trailblazer for women in the Square Mile, but she’ll be even more influential in her advocacy for greater female participation at the top echelons of the City in her new role as a “plural” board director. Huey Evans left BarCap yesterday after a long and [...]
Reds expect legal win to end Lim hope October 11, 2010 LIVERPOOL will stride into today’s potentially seismic High Court hearing confident their £300m deal with New England Sports Ventures is watertight, despite talk of a rival bid from Asian billionaire Peter Lim. Singapore-based Lim, whose initial bid was snubbed in favour of NESV’s offer, made it known yesterday that he has not given up on [...]
Liverpool saga could run into next week October 11, 2010 LEGAL sources close to Liverpool’s ownership battle have told City A.M. that today’s hearing is likely to be only the beginning of a lengthy process. A quick verdict is not expected and, after a discussion about timings, the case is thought likely to be adjourned until later this week or early next week. Even if [...]
London braced as Liverpool fans plan High Court protest October 10, 2010 ANGRY Liverpool supporters are planning to descend on central London in their hundreds this week when the club’s ownership is decided in the High Court. Reds fans intend to travel to the capital by the coach-load in order to vent their disgust at unpopular owners Tom Hicks and George Gillett outside the Royal Courts of [...]
Man Utd debt triggers £83m loss October 8, 2010 Manchester United made a full-year loss of £83.6m due to managing the cost of debt. The club, third in the Premier League, posted a record operating profit of £101m due to increased broadcasting and commercial income but made a loss when interest charges and the cost of restructuring its debt were added on. Net finance [...]
BT must give access to its fibre network October 7, 2010 OFCOM yesterday said it will force BT to allow its rivals access to the former state phone firm’s superfast fibre broadband network. BT will also have to wholesale its infrastructure of telegraph poles and underground ducts in a bid to increase competition for superfast internet to rural areas. The decision supports government plans laid out [...]
Games chiefs refuse to rule out Spurs bid for stadium October 7, 2010 OLYMPIC chiefs yesterday repeatedly refused to rule out Tottenham’s bid for the 2012 stadium despite the club being unwilling to retain the running track. The north London outfit are the only bidders known to want to scrap the facility if they move into the 80,000-seater arena in Stratford after the Games. Premier League rivals West [...]
Hicks won’t back down in Liverpool sale fight October 7, 2010 EMBATTLED Liverpool owners Tom Hicks and George Gillett have fought back in the bitter internal power struggle over the club’s future ownership. Hicks insisted yesterday that Liverpool’s board had not been entitled to accept a £300m bid from New England Sports Ventures, in defiance of his and Gillett’s wishes, because two of the directors had [...]
Premier League chiefs and Carragher set to give takeover the green light October 6, 2010 THE proposed takeover of Liverpool could be granted approval as early as Friday, the Premier League confirmed last night. A £300m offer to buy the club from New England Sports Ventures (NESV) – principally owned by Boston Red Sox chief John W Henry – was accepted by the Liverpool board of directors yesterday despite strong [...]