Liverpool FC Forum

by **tubby** » Sat Mar 18, 2006 12:57 pm

Following on from the Liverpool Echo's story about Liverpool apparently "securing" a good investment, it is alleged that the investor could be London-based Indian Billionaire Lakshmi Mittal.

Mittal is chairman and majority owner of Mittal Steel. For those of you who are regular readers of South Africa's Business Day, you will know that Mittal has been in the news lately after being faced with fresh charges of "excessive pricing" policy over the sale of steel to the local industry here.

In March 2006, he was reported to be the fifth wealthiest person in the world by Forbes Magazine (Up from 63rd richest in 2004), with an estimated wealth of US$23.5 billion.

The Mittal family owns 88% of Mittal Steel, according to The Guardian in the UK .

His residence in Kensington, bought in 2003 for £70 million ($128 million) from Formula One car racing boss Bernie Ecclestone, is the world's highest price ever paid for a house.

Mittal has two children. He paid over $60 million to host his daughter Vanisha's wedding celebration in Vaux le Vicomte in 2004, the most expensive wedding in world history. His son Aditya is a director of Mittal Steel.

Only time will tell if this "rumour" is indeed true. I'm not sure what Mittal is offering in terms of investment.

Another "worrying" aspect about him is that he is apparently a fan of Fulham.

More to follow if this is indeed true.

by **The_Rock** » Sat Mar 18, 2006 1:05 pm

Well he is the king of steel..... He could help in the building of the new stadium...

by **tubby** » Sat Mar 18, 2006 1:09 pm

The_Rock wrote:Well he is the king of steel..... He could help in the building of the new stadium...

LOL Yeah right. Theres a lot of reort around right now that there is going to be a statement soon regarding the investment that we are supposedly closing the deal on around the Echo and a few other places. I think an announcment will be made in the next 3 weeks.

by **Red Indian** » Sat Mar 18, 2006 1:27 pm

Let's hope so. We need the stablility of knowing the funds are there in terms of improving the squad, building the new stadium and securing Rafa's long term future. It's apparent to me that we are too soft in situations such as finding investment, pursuing players and commercial deals. I'm not criticising David Moores or Rick Parry because they have been great for the club, however we need to be more ruthless in such situations, we are Liverpool Football Club after all. I hope it's true and we do find suitable investment well before next season starts.

by **adamnbarrett** » Sat Mar 18, 2006 2:33 pm

I always thought we should have taken up Steve Morgan's offer because he was not only a billionaire but a fan aswell. IMO when people want to become owner's of football clubs, they don't have it's interests at heart. They only consider it an investment. I'm not putting this Mittal guy down but we hardly know anything about him and he is apparently a Fulham fan whereas people know Steve Morgan since he is a shareholder (and used to own Redrow) and also a fan.

by **Cool Hand Luke** » Sat Mar 18, 2006 2:36 pm

Since when has Steve Morgan been a billionaire?

by **tubby** » Sat Mar 18, 2006 2:41 pm

Cool Hand Luke wrote:Since when has Steve Morgan been a billionaire?

Indeed i was under the impression that Morgan only wanted to invest 60M for a percentage ownership of the club

by **stmichael** » Sat Mar 18, 2006 2:48 pm

With the mancs having a yank investor, the rivalry between the two clubs will now be like cowboys and indians.

by **mighty mo** » Sat Mar 18, 2006 2:52 pm

he spent 60 million on his daughters wedding??

by **tubby** » Sat Mar 18, 2006 2:57 pm

Apparently so. This guy could be the one RP has ben hinting about these past weeks. Lets hope whoever it is they are prepared to put in generour sums of money towards players.

by **Red Red Tom** » Sat Mar 18, 2006 3:06 pm

I really hope that any investment we get is on a small scale compared to somebody like Chelsea. If we go out and buy a trophy like they did we'll be responsible for killing the game just like them. I really hope LFC do well, and I understand that we need investment and money to do that, but if we were to start behaving like them, I would feel that the club had sold its soul and everything that makes it LFC.

by **115-1073096938** » Sat Mar 18, 2006 3:45 pm

More glory hunting from bavlondon.

"Support" your local side lad. You're boring us all now.

by **bigmick** » Sat Mar 18, 2006 4:30 pm

stmichael wrote:With the mancs having a yank investor, the rivalry between the two clubs will now be like cowboys and indians.

very good saint. Brought a chuckle to my chops which was quite unfortunate as I had a mouthfull of coffee at the time.

by **tubby** » Sat Mar 18, 2006 4:31 pm

stu_the_red wrote:More glory hunting from bavlondon.

"Support" your local side lad. You're boring us all now.

Actually it was on a Liverpool news site so I thought id share it with the rest of you. Shouldnt you be starting another Fowler thread somewhere stu ?

by **redmikey** » Sat Mar 18, 2006 6:53 pm

as long as we don't sell the soul of the place to become a billionaires play thing.

60 mill on a wedding, but i bet they still had cheese and pineapple on a stick

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Lakshmi mittal - This guy could be our new owner

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