Liverpool make Rule 2.10 share announcement ???

LizardKing

Rule 2.10 Announcement - Relevant Securities In Issue

Anyone know why , is this the beginning of a big takeover or is this standard practice ???


http://www.liverpoolfc.tv/news/drilldown/N146992041205-2054.htm

text from link here

In accordance with Rule 2.10 of the City Code on Takeovers and Mergers, the Club confirms that it has 34,823 ordinary shares of £5 each in issue. There are no other relevant securities in issue.
The Liverpool Football Club and Athletic Grounds PLC

5th December 2004.

super_furry

Well judging from the amount of speculation and rumours, it seems that a deal with the L4 consortium, with the Kraft family as their financial backers, is moving a good deal closer.

There's a huge amount of discussion about it here www.ynwa.tv/forum/index.php?showtopic=47082 and here www.redandwhitekop.com/forum/index.php/topic,45301.0.html

Dub13

Something is going to happen,and soon.

BolBill

Let's hope so, we need the money to buy some players !!!!!!

cerbeus

I think that this is the formal process that anyone interested in buying into or buying whole ownership of a company must go through. It gives the potential buyer a basis for negotiation to investigate the potential seller's assets, books and project plans for the future. I think it might be part of the due diligence process. This process can take up to six weeks I think. After which an offer may be accepted or rejected.

I'm no expert in business just read few sites but I think this differs in the fact that the L4 group may be interested in buying the club where as Morgan was only offering to purchase shares.

Hopefully the L4 group will be able to come to some deal with LFC which will allow things to settle down and give Benitez some cash for the Jan sales.

Hydromonkey

The L4 deal looks like it's exactly what Liverpool need. The main financial backers are the Kraft family, they bought the New England Patriots NFL team a few years ago and have brought them from being relative underdogs to winning the Superbowl in 2002 and 2004. Robert Kraft invested $325 million of his own money to build the Patriots' new 70,000 seater state of the art stadium.
They seem to be very successful when it comes to sporting investment so it looks like a step in the right direction for Liverpool

por

Hydromonkey wrote:

The L4 deal looks like it's exactly what Liverpool need. The main financial backers are the Kraft family, they bought the New England Patriots NFL team a few years ago and have brought them from being relative underdogs to winning the Superbowl in 2002 and 2004. Robert Kraft invested $325 million of his own money to build the Patriots' new 70,000 seater state of the art stadium.
They seem to be very successful when it comes to sporting investment so it looks like a step in the right direction for Liverpool

Bob Kraft bought the patriots back in '92 (I think) to prevent them moving to St.Louis. He only built the new stadium after he had exhausted all possibilities of getting one build with public money in Boston, Rode Island and Hartford.
And as NFL teams are restricted by a salary cap monetary investment does not have the same clout as in the premiership. New England won their 2 championships with low priced players and an extremely intelligent coach in Bill Bellicheck.
'Krafty Bob' had feck all to do wit it.