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Thais not Giving Up on the Pool yet

  • 09-06-2004 11:02am
    #1
    kida
    Closed Accounts Posts: 1,456 ✭✭✭


    http://news.bbc.co.uk/sport1/hi/football/teams/e/everton/3780403.stm
    A Thai government-linked investment company may set up a trust fund to buy a stake in Liverpool.
    The proposal by MFC Asset Management is the latest twist in the plan by prime minister Thaksin Shinawatra to buy into the Anfield club.

    Thaksin's initial plans to raise money through a state lottery were dropped.

    A spokesman for MFC said: "We're ready to explore the opportunity of setting up a special fund for the government's plan to invest in Liverpool."


    MFC is 30% owned by Thailand's Ministry of Finance and the Government Savings Bank while the state-controlled Industrial Finance Corp. of Thailand owns another 24.9%.

    The work is still going on, it will take time, but so far there is no new progress

    Thai PM Thaksin Shinawatra

    The proposal by MFC will need approval from the Thai government's Securities and Exchange Commission.

    Thai government officials have cast doubts whether the deal will go through even though the offer was approved by Liverpool's board.

    Thaksin said on Wednesday that no progress has been made in the deal, which is going through the process of due diligence to establish its financial viability.

    The Thai PM said: "The work on due diligence is still going on. It will take time, but so far there is no new progress.

    "The professionals are proceeding normally. When buying shares this process usually takes four to five months, so the rate we are proceeding at now is quite rapid."

    Meanwhile, Thaksin denied speculation that he could also buy a stake in Everton if the Liverpool deal collapses.

    When asked if he had any plans to buy into Liverpool's Merseyside rivals, Thaksin said: "No, one at a time."

    Looks like he is determined to push this through. Wouldn't imagine it is good news as most Pool fans I know don't want him near the club. He doesn't have the interests of the club to the fore.


Comments

  • #2
    Guy:Incognito
    Registered Users, Registered Users 2 Posts: 38,247 ✭✭✭✭Guy:Incognito


    anyone know if there are any petitions against this doing the rounds? We should start bombarding the club with e-mails aswell. Parry should stop being a thick headed gimp and do what everyone bar him wants , take morgans money and put an end to shinawatras' interest. At the end of the day he isnt even that interested in Liverpool and has made no secret of the fact that he will just go take his money to another club if they don't accept. Send him packing so!


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