Liverpool FC Forum

by **laza** » Mon Aug 30, 2004 1:40 pm

I wonder if this will happen or not

Thai tycoon tables Liverpool bid

BANGKOK, Aug 30 (Reuters) - Thai tycoon Paiboon Damrongchaitham says he has given Liverpool a detailed offer for a major stake in the English Premier League club and expects an answer by the end of September.

Anfield: New shareholder? (MatthewAshton/GettyImages)

If the offer is accepted, the deal should be concluded by the end of this year, he said.

'We have sent our proposal about rights and benefits to Liverpool. We expect to get some answer from them next month on whether there will be another discussion or not,' Paiboon told reporters on Monday.

He declined to give specifics, but said he had set up a holding company, Liverpool Thai Holding Co which he owned himself, to buy the stake.

'The price will be the same the Thai government proposed but the number of shares may be less or more. After the purchase, I will list shares of Liverpool Thai Holding on the Thai stock market.'

The Thai government offered around £67million for a 30 percent stake in Liverpool before Prime Minister Thaksin Shinawatra was forced to back out after fierce criticism of his plan to use public money.

Paiboon, the chairman of Thailand's biggest music company GMM Grammy, took over the negotiations, saying he was leading a group of private investors

by **C-R** » Mon Aug 30, 2004 1:44 pm

That sounds very promising. With renewed Thai interest and Steve Morgan talks at an advanced stage (although on hold) we should have some serious investment coming our way.

by **Redrider** » Mon Aug 30, 2004 1:51 pm

All the other Thai bid's have involved us in releasing control of our marketing rights in the Far East. Not a good move when you realise what the so-far untapped Chinese Market is worth. In fact might be a good plan to go out and develop a 'Chinese Left Back' or two.

by **C-R** » Mon Aug 30, 2004 1:56 pm

Redrider wrote:All the other Thai bid's have involved us in releasing control of our marketing rights in the Far East. Not a good move when you realise what the so-far untapped Chinese Market is worth. In fact might be a good plan to go out and develop a 'Chinese Left Back' or two.

lol - you mean kind of like they did in Dream Team on SKY

by **Paul C** » Mon Aug 30, 2004 1:59 pm

I welcome investment as long as they don't try and run the club, I'd personally prefer Steve Morgan investing than some Thai setup, hope it's all sorted by January so we can get some new players when the transfer window opens

by **Redrider** » Mon Aug 30, 2004 2:19 pm

I think the Steve Morgan investment sounds more 'home grown', keeps the control here in Liverpool. Not sure what the Sky Dream Team is, but there are millions to be made by flogging shirts etc in China, before they develop their own teams. Having a Chinese connection, would be a good move. Put it this way there is more scope in China than Senegal, how many Diouf shirts have we sold over there ?

by **C-R** » Mon Aug 30, 2004 2:19 pm

this was on sky web page...

Thailand media tycoon Paiboon Damrongchaitham claims he has made an offer to invest in Liverpool.

Damrongchaitham, who is chairman of Thailand's largest music firm GMM Grammy, first made his interest in Liverpool known in June when he backed Thai Prime Minister Thaksin Shinawatra's bid to buy a stake in the Anfield club.

Shinawatra's interest in an investment deal fell through over his involvement in the club leaving the road clear for Damrongchaitham to pursue his interest in buying a 30 percent stake in Liverpool.

Damrongchaitham has set up a holding company to try and buy a stake in Liverpool and he is hoping to find out soon if his offer will be accepted.

"We have sent our proposal about rights and benefits to Liverpool. We expect to get some answer from them next month on whether there will be another discussion or not," said Paiboon.

"The price will be the same the Thai government proposed but the number of shares may be less or more. After the purchase, I will list shares of Liverpool Thai Holding on the Thai stock market."

Liverpool businessman Steve Morgan has held a long-term interest in increasing his stake in the club, but his attempts to gain more influence have been rejected by Reds chairman David Moores.

Liverpool have been searching for investment into the club all summer and they could well be prepared to accept Damrongchaitham's offer so as to create funds for Reds boss Rafa Benitez and their proposed move away from Anfield.

by **zarababe** » Mon Aug 30, 2004 2:23 pm

Don't hold you breath folks :blush:

by **kindaconfuzed** » Mon Aug 30, 2004 2:27 pm

Redrider

Getta grip, why would they need to buy the real mcoy when with the copyright enforcement problems they just buy the cheap stuff, you only have to look at the runners in the Ollieimpicks to understand that one.

To the other guys and Cardiff Red I think any money input comes with a release of power it just depends on how much.

by **Piewhack** » Mon Aug 30, 2004 2:30 pm

Hey i'm a Liverpool born chinese right/left back!!! You reckon liverpool would invest in me??!

by **Redrider** » Mon Aug 30, 2004 2:58 pm

You can't play on both the left and right, you will end up with no tackle!! Any way send in your CV, you could be the man we are looking for.

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