PennStateHoops.com Discussion Forum

Liverpool Sale


#1

Sorry for another soccer post. BUT this is HUGE news. The present situation could not have been worst for one of the world’s most popular sports team. Now there is HOPE! …But, still some legal battles to settle.

http://www.liverpoolfc.tv/news/latest-news/board-agree-proposed-sale

More info:

http://www.liverpoolfc.tv/news/latest-news/broughton-takeover-q-a


#2

Didn’t this happen about 5 yeras ago with an American buying Manchster United?


#3

Could be similar…not sure. Malcolm Glazer and sons purchased ManU in a type of buyout four years ago for 1.4 Billion. I don’t know the details but I believe ManU was in debt.

Liverpool fanbase can not be happier. They are a little shy of American owners after the Hicks and Gillett rule BUT they know they can’t be too choosy. They see the money the new owners spend on the Boston Red Sox.

ESPN’s story:

http://espn.go.com/sports/soccer/news/_/id/5654048/liverpool-agrees-sale-boston-red-sox-owners-pending-resolution-board-dispute


#4

Are the Beatles included?


#5

This would be big for them. They couldn’t have started the season out worse, and I know there was some talk of them possibly being put into administration if they didn’t find a buyer. They’ll obviously be safe from religation this season, however administration (and the ensuing points deduction) could have really made it a bigger hill to climb.


#6

don’t know…BUT many Hollywood and BBC stars have been using their fame to blast the prior owners. Samual Jackson and Mike Myers were very active.


#7

I’m not sure I like this as a Red Sox fan. Running two storied programs in their respective sports is a tall order. The financial expectations alone are daunting to pick up the best-of-the-best talent. Henry and Werner made a great move in making Theo Epstein their GM, they’ll have to make that kind of hire for Liverpool to strike lightning twice. I don’t like the odds of that happening.

For the record I believe Epstein is 90% responsible for the Red Sox success at the administrative level, player performance aside.


#8

[quote=“byake, post:7, topic:1382”]I’m not sure I like this as a Red Sox fan. Running two storied programs in their respective sports is a tall order. The financial expectations alone are daunting to pick up the best-of-the-best talent. Henry and Werner made a great move in making Theo Epstein their GM and to they’ll have to make that kind of hire for Liverpool to strike lightning twice. I don’t like the odds of that happening.

For the record I believe Epstein is 90% responsible for the Red Sox success at the administrative level, player performance aside.[/quote]

Theo Epstein, the guy that hired Bill James, who coined the term sabermetrics, as a consultant to the Red Sox? Epstein is widely considered to be the first big market GM to publicly support sabermetric principles. We have sabermetrics for baseball, APBRmetrics for basketball, so can we expect Liverpool to be the poster child for a new soccer science? FIFAmetrics anyone? ;D


#9

If there is any sport that is truely untapped from a statistics standpoint, it’s soccer. Sure, maybe there isn’t much more there than what you’re seeing today in a boxscore, but there isn’t another sport that gives less to a “stats geek”.


#10

God help us. Where is the forehead smacking emoticon when I need it? I guess a ::slight_smile: will have to do.


#11

Wow, Theo must be a genius! :-* Look at the payroll. You don’t think this type of money had something to do with the team’s prior success.

http://espn.go.com/mlb/team/salaries/_/name/bos/boston-red-sox

By the way, loved the sox this year. Maybe the point of his ciphering pencil broke!! ;D


#12

Actually Man United was not in debt. The Glazer’s bought Man United with borrowed money and then placed the debt back on the club. Essentially they paid nothing for the club. Man United then went from a surplus of cash to having a huge amount of debt. Hicks & Gillett bought Liverpool the same way. From what I understand, these kind of purchases are not even legal in the US. Man United’s debt is actually twice the amount of Liverpool’s. The big difference between the two is that Man United generate an enormous amount of revenue which keeps them afloat…for now.

Liverpool is in deep trouble and new owners alone will not fix their all of the problems. The team has lost its great midfield of Xabi Alonso & Javier Mascherano from 2 years ago. The defense (other than Pepe Reina) is a shambles. Fernando Torres is disineterested and Steven Gerrard is getting old. Rafa Benitez made a lot of lousy, expensive purchases that added to the debt and nothing to the team. Their youth setup is way behind Arsenal, Man United and Chelsea. And the big problem is the dump of an old stadium they play in. They had some money set aside for it, but Hicks And Gillett blew through that money right away. Arsenal & Man United generate so much more revenue from their modern stadiums. Liverpool also has taken a big hit by missing out on the Champions League this year. That alone adds at least 25 million pounds to a team’s revenue. And now with UEFA’s new financial fair play rules, a new owner just can’t inject a ton of new cash in a club without repurcussions. Manchester City is finding that out now.

I feel sorry for Liverpool’s fans. A once great club is in deep trouble and it is going to take awhile to straighten out.


#13

Great post Rocky! Thanks. Sad for me being a Red fan BUT atleast now there is hope. I don’t think many Red fans expect City/Chelsea like spending (even if it was legal.)
The hope is for:

  1. stability (lack of HUGE debt)
  2. new or refit statium
  3. consistent rational spending for players
  4. consistent use of a “plan” to continue to grow the Liverpool FC business. Fans know the team is NOT in great shape and a “fix” may not be fast or easy.

One more thing. I don’t really know about the legality of these “debt” team purchases. BUT, I remember reading the Pgh Pirates were mostly purchased this way and that the “business model” has become very popular in sport team ownership.


#14

Oh happy day… :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile: :slight_smile:
Hicks and Gillettt LOSE court battle.
Everything is now set for NESV sale.
THE REDS WILL BE BACK!!!..( just give them a little time.)

http://www.skysports.com/story/0,19528,11669_6442833,00.html


#15

Hicks seems to be a dope, at least when it comes to sports teams. He stands to split a loss of 144 million pounds, and didn’t he also own the Texas Rangers and take them into bankruptcy? Looking at wikipedia, since about ‘99, he’s had a very spotty record, including a $1.2 billion telecom fund blowup. Tom Haas and he split just before then. Hicks’ father was a radio station owner, and that’s what he started buying. Looks like a top ticker to me. He overpays for everything.

This seems to nail it on Hicks. But wikipedia also shows he ruined a Brazilian soccer club. He’s a disaster.

http://thebiglead.com/index.php/2010/08/03/tom-hicks-the-most-incompetent-owner-in-sports/


#16

Great read, Kid. Thanks.

Being a fan of many “pro” sport teams takes a strong stomach. Unfortunately many of the same characteristics of “pro” teams and are being mirrored by “non pro” teams. (see our STEP program)

PSU sports are “at a crossroads” because it’s funder (PSU football) is “at a crossroads.” Attendance is declining. MANY fans come late or not at all. A legandary 40 years + HC will be stepping down soon. “How” and “with whom” he is replaced will be paramount. “Crossroads”…indeed.

P.S. If the school administration cared about basketball, both teams would also qualify for “crossroad” status!


#17

It ain’t over yet… ??? ??? ??? ??? ??? ??? ??? ??? ???

http://www.skysports.com/story/0,19528,11669_6444027,00.html


#18

Sale will go thru…But legal battles will continue:

http://www.skysports.com/story/0,19528,11669_6446044,00.html

http://www.skysports.com/story/0,19528,11669_6446330,00.html