Eternal Witcher wrote:This week last year was apparently the takeover, doesn't feel that long ago.
The year has flown by. Hope this next year goes just as quickly. Want my last year of uni over and done with.
Eternal Witcher wrote:This week last year was apparently the takeover, doesn't feel that long ago.
Scott wrote:Eternal Witcher wrote:This week last year was apparently the takeover, doesn't feel that long ago.
The year has flown by. Hope this next year goes just as quickly. Want my last year of uni over and done with.
Tuesday, October 11, 2011
Gillett Maneuvering For Ownership Of NFL's Buffalo Bills?
Less than a year after effectively abandoning his role as majority owner of the Richard Petty Motorsports NASCAR Sprint Cup Series team, George Gillett, Jr. appears to have his eye on the National Football League’s Buffalo Bills.
The BuffaloRising.com website reports that the jet-setting financier was spotted tailgating at Buffalo’s Ralph Wilson Stadium Sunday, accompanied by family members of former Bills quarterback Jim Kelly, who has openly expressed an interested in acquiring his former team. Last week, Kelly’s nephew, Chad Kelly, tweeted a cryptic message saying 2012, “...might be a new year, new season and new... fill that in. You got it.”
Combined with Sunday’s Gillett sighting at the Bills-Eagles game, the remark triggered a firestorm of speculation about a possible bid by Gillett and Kelly for ownership of the team. The following day, Chad Kelly attempted to put out the fire, tweeting "the Bills news has nothing to do with a owner..." before abruptly deleting his Twitter account.
For those unfamiliar, here is a brief rundown of Gillett’s checkered history in business and professional sports.
At age 27, Gillett acquired a 22% ownership stake in the NFL’s Miami Dolphins, using approximately $1 million dollars borrowed from wealthy acquaintances in his native Wisconsin. He sold his share of the team within a year, using the proceeds to purchase the Harlem Globetrotters for $3.7M.
In the `80s, Gillett worked with junk bond guru Michael Milken to purchase six television stations for $1.1 billion. That purchase was highly leveraged – a tactic that would later become Gillett’s preferred mode of operation – and when the value of the stations subsequently plummeted, Gillett found himself unable to pay the note. Bond investors forced the company into bankruptcy, and soon after, Gillett filed for personal bankruptcy.
He eventually found success in the meat packing and ski resort businesses before reappearing on the professional sports scene in 2001 by purchasing an 80% interest in the legendary Montreal Canadiens hockey franchise (and their showplace arena, the Molson Center) for a reported $275M.
He and partner Tom Hicks also acquired the Liverpool English Premier League Soccer Club Football Club for $343M, amid grandiose promises of top-name player acquisitions, league championships and new stadium construction. The purchase was heavily leverage through the Royal Bank of Scotland, however, and by late 2010, Gillett and Hicks were no longer making scheduled payments. Gillett was forced to sell the Canadiens for a reported $525M, in an attempt to refinance the RBS loan and avoid a forced sale of the club. That bid ultimately failed, when the English Premier League forced a sale of the Liverpool club to John Henry, majority owner of the Boston Red Sox and a major partner in Roush Fenway Racing.
Gillett fell victim to another over-leveraged sale in his role as majority owner of Richard Petty Motorsports. Former owner Ray Evernham claimed Gillett failed to pay him approximately $20M from the initial purchase of the team, and the team operated on a “cash only” basis with numerous parts and material suppliers that service the NASCAR industry. On a number of occasions late last season, RPM had its race cars and engines embargoed by supplier Roush Fenway Racing, pending payment. Gillett effectively walked away from his majority ownership of the team with a handful of races still remaining in the 2010 campaign, leaving minority partner Petty to assemble an 11th-hour financial takeover that kept the team from being shuttered.
Apparently not dissuaded by his astounding run of failure, it appears Gillett may now be ready to take a shot at ownership of the Buffalo Bills. He and Hall Of Fame quarterback John Elway were rebuffed in a bid to purchase the NBA Denver Nuggets, NHL Colorado Avalanche and their shared home; the Pepsi Center not long ago. And now, he’s got a new, high-profile partner in Jim Kelly, who is considered a virtual deity by loyal Bills fans. There are unconfirmed reports that NFL Commissioner Roger Goodell met with Gillett and Kelly last weekend.
For the sake of the league and the franchise, let’s hope Goodell does his homework before allowing George Gillett to put his mark on the National Football League.
http://www.sirius-speedway.com/2011/...ership-of.html
SpiritOfShankly wrote:Mr Leiva wrote:Anyway. If this happens.
Football will be ruined.
why? The club would get more money out of it. Doesn't affect you in anyway. Real Madrid and Barcelona both benefit from it.
Liverpool will have to wait until Marco Bueno's 18th birthday to try and secure the player's signature.
The Mexican striker, dubbed 'the new Chicharito' by Clubcall, emerged as a target for the Reds during the U17 World Championships in his homeland, and after helping his country win the tournament he enjoyed a ten-day trial on Merseyside.
However, the teenager returned home without signing a Liverpool deal, and played his first senior game for Pachuca over the weekend.
Newspaper reports in central America claim Kenny Dalglish remains keen on bringing the teenager to Anfield, but Pachuca sports vice president Andres Fassi insists Liverpool must now wait until March 31st 2012, when the player celebrates his 18th birthday.
"We received a letter last week from Liverpool, who want the player to go there when he turns 18," said Fassi.
"Maybe Liverpool will then make an offer, but that would not be until he is 18 years old, when FIFA's laws allow."
Bueno would join a promising crop of young players at Anfield should he move to Liverpool, with Raheem Sterling, Adam Morgan and Jack Robinson all climbing the ranks at the club.
NZG wrote:SpiritOfShankly wrote:
why? The club would get more money out of it. Doesn't affect you in anyway. Real Madrid and Barcelona both benefit from it.
It effects everyone related to football.
This news by the club scares as it does impress me. It shows us we have very smart people in charge but it also shows that we have owners who don't care for football but only for liverpool and making a profit. If we do break away then in the long run we will end up like scotland, Anyone who looks at the whole spanish league sees football slowly dieing. People say that soon all the football players will want to go to spain because it has the two best clubs and that is true, It does have the two best clubs but there is only two games during the whole season where they will be tested so sooner or later the best players will go to clubs that will play harder games and make them better players ( germany and us)
I don't want our club to be even thinking about this.
SpiritOfShankly wrote:NZG wrote:
It effects everyone related to football.
This news by the club scares as it does impress me. It shows us we have very smart people in charge but it also shows that we have owners who don't care for football but only for liverpool and making a profit. If we do break away then in the long run we will end up like scotland, Anyone who looks at the whole spanish league sees football slowly dieing. People say that soon all the football players will want to go to spain because it has the two best clubs and that is true, It does have the two best clubs but there is only two games during the whole season where they will be tested so sooner or later the best players will go to clubs that will play harder games and make them better players ( germany and us)
I don't want our club to be even thinking about this.
This has no reflection on what our owners think about football, They are just looking into more ways to bring money in because we have to.
14 clubs have to agree it won't happen. Soon all the best players will want to go to Spain? No not true and it won't happen. They will have there share of great players as will all the top leagues in Europe and the ones in Spain won't all soon be flocking to other countries.
NZG wrote:SpiritOfShankly wrote:
This has no reflection on what our owners think about football, They are just looking into more ways to bring money in because we have to.
14 clubs have to agree it won't happen. Soon all the best players will want to go to Spain? No not true and it won't happen. They will have there share of great players as will all the top leagues in Europe and the ones in Spain won't all soon be flocking to other countries.
they want to bring in as much money as possible regardless of how it effects the competition in the league.
They the best players in the world now (ronaldo messi xavi)
We have like 10 world class players
Spain have more than 20
Suarez (our best player) has stated before that he wants to play for barcelona.
Neymar (possibly the brightest talent in world football) has stated that he wants to play for barca and real but they have the best players so he won't be able to get a game.
If the other clubs in spain don't stand up for themselves then spain will be scotland and no good player likes scotland.
Alan wrote:Laurencio wrote:
Theres this thing called scanners now a days, you can even use your smart phones as a scanner with the right app...
Thanks Laurencio i will need to look into this and i could get my pictures on. Got photos when i met the Liverpool team in 1989 and others from a few years earlier.
Fonseca wrote:Alan wrote:
Thanks Laurencio i will need to look into this and i could get my pictures on. Got photos when i met the Liverpool team in 1989 and others from a few years earlier.
NZG wrote:SpiritOfShankly wrote:
why? The club would get more money out of it. Doesn't affect you in anyway. Real Madrid and Barcelona both benefit from it.
It effects everyone related to football.
This news by the club scares as it does impress me. It shows us we have very smart people in charge but it also shows that we have owners who don't care for football but only for liverpool and making a profit. If we do break away then in the long run we will end up like scotland, Anyone who looks at the whole spanish league sees football slowly dieing. People say that soon all the football players will want to go to spain because it has the two best clubs and that is true, It does have the two best clubs but there is only two games during the whole season where they will be tested so sooner or later the best players will go to clubs that will play harder games and make them better players ( germany and us)
I don't want our club to be even thinking about this.
Whats so funny? other than yourself.Fonseca wrote:Alan wrote:
Thanks Laurencio i will need to look into this and i could get my pictures on. Got photos when i met the Liverpool team in 1989 and others from a few years earlier.
SpiritOfShankly wrote:NZG wrote:
they want to bring in as much money as possible regardless of how it effects the competition in the league.
They the best players in the world now (ronaldo messi xavi)
We have like 10 world class players
Spain have more than 20
Suarez (our best player) has stated before that he wants to play for barcelona.
Neymar (possibly the brightest talent in world football) has stated that he wants to play for barca and real but they have the best players so he won't be able to get a game.
If the other clubs in spain don't stand up for themselves then spain will be scotland and no good player likes scotland.
The premier league has 10 world class players?
Dobson wrote:What do you guys think the line up for saturday will be? is Kelly fit?
Eternal Witcher wrote:I don't think funny will ever be a word to associate with dear old Fonseca. Black hole, yes.
Apologies for making a needless comment, not like me at all. My next post on here will be slightly insightful.
Nonsense, winning every home game is title winning form, those are much too high expectations.Scott wrote:We simply must beat Man United. The thought of being only 3 points behind them is mouthwatering. We cannot let the gap increase to 9 points, which it will do if we lose. A draw wouldn't be awful, but at Anfield, we should be winning every game.
Scott man, there's only been 7 games.Scott wrote:We simply must beat Man United. The thought of being only 3 points behind them is mouthwatering. We cannot let the gap increase to 9 points, which it will do if we lose. A draw wouldn't be awful, but at Anfield, we should be winning every game.
ResurrectionRooney wrote:Nonsense, winning every home game is title winning form, those are much too high expectations.Scott wrote:We simply must beat Man United. The thought of being only 3 points behind them is mouthwatering. We cannot let the gap increase to 9 points, which it will do if we lose. A draw wouldn't be awful, but at Anfield, we should be winning every game.
kyro7 wrote:Scott man, there's only been 7 games.Scott wrote:We simply must beat Man United. The thought of being only 3 points behind them is mouthwatering. We cannot let the gap increase to 9 points, which it will do if we lose. A draw wouldn't be awful, but at Anfield, we should be winning every game.
Kenny Dalglish has revealed he has a fully fit squad to select from against Manchester United this weekend.
The likes of Glen Johnson, Martin Kelly, Daniel Agger and Fabio Aurelio are all back vying for places.
"Everybody's fine," the boss told reporters. "The three boys who came back from South America are all fine. It's only myself that's ill! I can't even get a game in a five-a-side.
"But it's only Thursday - we might get a couple (of injuries) tomorrow!"