some info on these boards about Michael Klein:-
http://www.redandwhitekop.com/forum/index.php?topic=256532.msg6946881#msg6946881The former Citigroup investment banker Michael Klein was a prime mover in Liverpool's success in extending their £297m loans with the Royal Bank of Scotland last month. An American, Klein goes back a long way with the Liverpool co-owner Tom Hicks and is believed to have been instrumental in persuading RBS not to pull the plug on the club for at least another year.
The refinancing came with three conditions: that Hicks and his co-owner, George Gillett, invest equity (they pumped in £86m), that a new chairman be installed and that a third party be engaged to find new owners. Klein is believed to have persuaded RBS that this was sufficient reason to sustain the club. But although Klein turned to old associates in the new chairman, Martin Broughton, and Barcap, a Barclays subsidiary, few expect them to be successful
http://www.redandwhitekop.com/forum/index.php?topic=256532.msg6947449#msg6947449Thought this was common enough Knowledge after the Broughton interview when he took the job ? not the exact facts , but Klein putting Broughton forward to Hicks to over see the sale...
Can't remember exactly what Macedonian red { or whatever his AKA is on here now}said around the time Broughton was appointed?, but it indicated Klein had connection with Barclay's and also potential buyers i think ?
http://www.redandwhitekop.com/forum/index.php?topic=256324.msg6834015#msg6834015Liverpool owners chase a Citi player
Mark Kleinman
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It’s pure coincidence that the failure of English football clubs to reach the later stages of the Champions League has come at the same time that doubt has been cast over their ownership. Still, summer’s transfer market is going to be busy — on and off pitch.
The decision of Liverpool’s owners to make Martin Broughton its chairman and Barclays Capital its financial adviser may be confirmed as early as today.
I’ve learnt that Michael Klein, Citigroup’s former vice-chairman and one of the top rainmakers on Wall Street, helped to secure Broughton’s services by approaching him on behalf of Tom Hicks and George Gillett, Liverpool’s owners.
Klein, who advised on myriad deals while with Citigroup, including Terra Firma’s takeover of EMI, is also likely to act as an adviser to Gillett and Hicks during the auction of the club.
http://business.timesonline.co.uk/tol/business/columnists/article7098933.ece
http://business.timesonline.co.uk/tol/business/columnists/article7098933.ece - from link above:-
MY PROFILE From The Times April 16, 2010
Liverpool owners chase a Citi playerMark Kleinman It’s pure coincidence that the failure of English football clubs to reach the later stages of the Champions League has come at the same time that doubt has been cast over their ownership. Still, summer’s transfer market is going to be busy — on and off pitch.
The decision of Liverpool’s owners to make Martin Broughton its chairman and Barclays Capital its financial adviser may be confirmed as early as today.
I’ve learnt that Michael Klein, Citigroup’s former vice-chairman and one of the top rainmakers on Wall Street, helped to secure Broughton’s services by approaching him on behalf of Tom Hicks and George Gillett, Liverpool’s owners.
Klein, who advised on myriad deals while with Citigroup, including Terra Firma’s takeover of EMI, is also likely to act as an adviser to Gillett and Hicks during the auction of the club.
• The financiers known as the Red Knights aim to outline their offer to buy Manchester United to potential investors next week. And Blackstone, the private equity and advisory firm, has begun contacting third parties who may wish to buy Lady Bracewell-Smith’s 16 per cent of Arsenal.
With all this potential takeover activity in English football, Labour and Conservative election pledges to facilitate community ownership of clubs look opportunistic in the extreme.
• Banking regulation is a policy area unlikely to win votes on May 6, but dividing lines over it are more firmly drawn than ever in the main parties’ manifestos. This week, leading London-based investment bankers dined with Mervyn King, the Governor of the Bank of England, and discussed implications of Tory plans to scrap the Financial Services Authority and hand most of its role to the Bank. I understand there was vigorous debate and some scepticism about whether the Bank was adequately resourced to cope with such a fundamental overhaul.
Mark Kleinman is City Editor at Sky News
