Topic: New Managing Director Appointed - Christian Purslow

[xerxes1]

The club's statement says:

"As Managing Director, Purslow will represent the owners and oversee all financial and operational aspects of the Club"

Basically, he's being paid to look after Gillett & Hicks' investment - I'd guess that was what Foster Gillett was meant to do, but he fecked off.

I wouldn't rule out the idea that he may have been put in place to act as a representative of the Yanks in case they become part-owners following a partial sale of the club.

I suggested about 18 months back that Hicks & Gillett would have to dilute their holding and bring in new investors to fund the stadium construction and I think that's where we're probably headed.

Foster Gillett and Hicks son were apponted as place men to rubber stamp whatever their father's wanted.

I agree that it is highly likely that outside capital/ a minority stake may be required to see the stadium project through in which case Purslow has credentials far greater than the discredited M&P, who were not up to that job.

[shelovesyou]

Glad he is a fan , know nothing about him so will reserve judgement but welcome aboard Mr Purslow .

It all ties in with TH saying he wanted people to come in and take care of the day to day running fo the club whilst they are away eating HotDogs in the US of A .

[Vulmea]

First question for our new MD - where's all the bleedin money gone?

In 2005 our shares were sold for £176m - and we allegedly had £60m of debt - including stuff which was normally paid out of our our annual turnover which somehow came out at a £245 million loan ?

 ...........maths aint my strong point but it doesn't add up

Then we 'refinanced' -  we are told that was a £350 million loan - including £105 million to 'start work on the new ground' and provide 'working capital' - where's that gone?

First thing to do - give 150 million of it back coz you dont need it..... save yourself 15 million in interest payments and buy a bleedin left winger with it - who'll earn you a fortune when we win the prem - aint bleedin rocket science is it...........
 

[Mouth]

Right so he has a seasie does he? Well he wont need it now he is sitting in the directors box, so who fuckin gets it?

Dibs!!

[Coady]

Glad he is a fan , know nothing about him so will reserve judgement but welcome aboard Mr Purslow .

It all ties in with TH saying he wanted people to come in and take care of the day to day running fo the club whilst they are away eating HotDogs in the US of A .

Wasnt Parry and Moores a fan?

[shelovesyou]

Wasnt Parry and Moores a fan?

Oh you sceptic you 

[redmen77]

Has it not occurred to anyone that he may have been appointed on the insistence of RBS as a condition of the refinance?

Given a board position would allow the banks to have a say in how the money is to be spent.

Especially as the role didn't appear to be advertised.

[coffeehead]

Bidding 17+ million for a right full back tells a different story ... I am not saying they will splash the cash ... I am only saying they will try to make us PL title winners, before selling us (for a much bigger profit) ...

No it doesn't. You are confusing spend with financial strength. Borrow and spend is not necessarily a good sign, not when the club - and we fans - have to pick up the pieces, possibly for years to come if it goes wrong. There's no sign yet out our financial strength and stability is being improved overall by anything they are doing

[coffeehead]

I am gullible.

My work here is done

[Gedo]

My work here is done

He's a kinky Cnut,he just keeps coming back for more!

[scatman]

Liverpool are set to sign England right-back Glen Johnson after confirming they have reached an agreement with both the player and his club Portsmouth.

The Reds have been linked with the defender for a number of weeks while Pompey executive chairman Peter Storrie claimed last week Johnson's former club Chelsea were willing to pay £18million for the 24-year-old.

And a statement from the club said: "Liverpool FC confirmed this evening that they had reached an agreement with Portsmouth Football Club and with Glen Johnson for the transfer of the player to Anfield."

Some good news at least, heres the 6pm announcement

[4pool]

We''re gona need a bigger boat.

Tickled me that one..

 

[4pool]

My work here is done

Well thanks for giving up, i appreciate it. 

[vanoord]

Has it not occurred to anyone that he may have been appointed on the insistence of RBS as a condition of the refinance?

He was shown around the club by Hicks at the Arsenal game back in April - this is an appointment to protect the interests of the Yanks, even if it's been done to keep the bank reassured that there's someone in the UK who's nominally in charge.

The timing of this relates to the imminent (official) departure of Parry.

I wonder if Purslow will get the Audi R8?

[ShanksLegend]

No one knows nothing about this guy, they have been looking for this communications post for a bit, Barwick was tipped to get it.  Looks like they have done it without interview and head hunted their man, apparantly he has been a guest in the directors box last seaon, if anyone cares to do a pic search.

It was suggested today that Staveley has applied for CEO job or been asked to apply or something along those lines.

Parry has still got tickets in the directors box next season by the way, him and his son who also now no longer works for the club.

[redmark]

Has it not occurred to anyone that he may have been appointed on the insistence of RBS as a condition of the refinance?

Sort of; perhaps not quite as formally as that.

He was shown around the club by Hicks at the Arsenal game back in April - this is an appointment to protect the interests of the Yanks, even if it's been done to keep the bank reassured that there's someone in the UK who's nominally in charge.

The timing of this relates to the imminent (official) departure of Parry.

I wonder if Purslow will get the Audi R8?

April? Two months ago. No reason why the introduction can't have been from RBS to Hicks back then; as you say, the timing of the appointment itself is to do with Parry leaving (though there was an interesting post on here about 10 days ago - since edited - which asked who CP might be). Looking at Purslow's CV, who do you think might have known more about him - Hicks, or someone within RBS?

My gut feeling is that this is a positive development - whether that's to bring in minority or majority investment (with the CEO being determined by a new majority shareholder), an outright sale or simply to have more capable and connected financial management than G&H provided.

[felix.]

It was suggested today that Staveley has applied for CEO job or been asked to apply or something along those lines.

i'm warm to the idea having a woman CEO, imagine the negotiating possibilities

[No666]

Staveley more or less lives in the middle east these days, Shanks. Would be a surprise if she came back for a CEO job in a field she knows little, relatively, about. Would have thought it would have taken considerably more to influence her than a good salary.

[dnkw]

It was suggested today that Staveley has applied for CEO job or been asked to apply or something along those lines.

Now, that's interesting!

[TONYMAN]

Purslow was instrumental in the new signing of torres contract and is very well know in the inner circles of lfc
That is all.

[Liverbird 2010]

Now, that's interesting!

It certainly is does she still work for DIC?

[redmen77]

Purslow was instrumental in the new signing of torres contract and is very well know in the inner circles of lfc
That is all.

I beg to differ on the "new contract". It was simply a PR stunt. His exisiting contract had a clause in it that once he reached 50 goals he would get more money. The contract term never increased, save they added an "option" for a further year - not exactly an instrumental achievement.

[dbroms]

in this story half way down it says this guy "Shaikh Ahmad was to be appointed the honorary chairman of the club, the agency said " ,  that why moores went is it ?
http://www.gulfnews.com/sport/Football/10325301.html
 


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[shelovesyou]

in this story half way down it says this guy "Shaikh Ahmad was to be appointed the honorary chairman of the club, the agency said " ,  that why moores went is it ?
http://www.gulfnews.com/sport/Football/10325301.html
 


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we've been thru this on here already mate

[buchigo!]

It certainly is does she still work for DIC?

that's not right.

[Macedonian_Red]

Liverpool appoint Christian Purslow as their new managing director

Liverpool have appointed Christian Purslow, a financier with strong links to Merseyside, as their new managing director.
 
By Paul Kelso, Chief Sports Reporter
Published: 10:19AM BST 22 Jun 2009

Purslow, an Anfield season-ticket holder, will join the board and take over many of the responsibilities of outgoing chief executive Rick Parry, but will step aside when a full-time replacement for Parry is appointed.

Purslow's priorities will be to renegotiate the £350m loan with RBS due to be repaid at the end of July and to work with manager Rafa Benitez on summer transfer targets.
 
Purslow, whose background is in private equity, speaks fluent Spanish and has already struck a relationship with Benitez. He is understood to have played a role in the negotiations surrounding Fernando Torres's new contract.

A friend of club legend Kenny Dalglish, Purslow was recommended to owners Tom Hicks and George Gillett as a potential new board member and has the support of both of them. Crucially this should allow him to bridge the divide that occasionally appears before the American owners.

The new managing director is also said to have decent relations with senior staff at RBS including chief executive Stephen Hester, and club sources said the bank welcomed his appointment.

Talks with RBS will take place imminently, with the owners prospects of satisfying the bank's demands enhanced by Gillett's impending sale of the Montreal Canadiens. With Hicks yet to raise finance from his for sale US assets, it remains to be seen if this affects the delicate equilibrium between the owners.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/5600713/Liverpool-appoint-Christian-Purslow-as-their-new-managing-director.html

[Liverbird 2010]

The new managing director is also said to have decent relations with senior staff at RBS including chief executive Stephen Hester, and club sources said the bank welcomed his appointment.

Talks with RBS will take place imminently, with the owners prospects of satisfying the bank's demands enhanced by Gillett's impending sale of the Montreal Canadiens. With Hicks yet to raise finance from his for sale US assets, it remains to be seen if this affects the delicate equilibrium between the owners.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/5600713/Liverpool-appoint-Christian-Purslow-as-their-new-managing-director.html

That's a must when employing a new managing director  Unbelievable.

[RedJam70]

Liverpool appoint Christian Purslow as their new managing director

Liverpool have appointed Christian Purslow, a financier with strong links to Merseyside, as their new managing director.
 
By Paul Kelso, Chief Sports Reporter
Published: 10:19AM BST 22 Jun 2009

Purslow, an Anfield season-ticket holder, will join the board and take over many of the responsibilities of outgoing chief executive Rick Parry, but will step aside when a full-time replacement for Parry is appointed.

Purslow's priorities will be to renegotiate the £350m loan with RBS due to be repaid at the end of July and to work with manager Rafa Benitez on summer transfer targets.
 
Purslow, whose background is in private equity, speaks fluent Spanish and has already struck a relationship with Benitez. He is understood to have played a role in the negotiations surrounding Fernando Torres's new contract.

A friend of club legend Kenny Dalglish, Purslow was recommended to owners Tom Hicks and George Gillett as a potential new board member and has the support of both of them. Crucially this should allow him to bridge the divide that occasionally appears before the American owners.

The new managing director is also said to have decent relations with senior staff at RBS including chief executive Stephen Hester, and club sources said the bank welcomed his appointment.

Talks with RBS will take place imminently, with the owners prospects of satisfying the bank's demands enhanced by Gillett's impending sale of the Montreal Canadiens. With Hicks yet to raise finance from his for sale US assets, it remains to be seen if this affects the delicate equilibrium between the owners.

http://www.telegraph.co.uk/sport/football/leagues/premierleague/liverpool/5600713/Liverpool-appoint-Christian-Purslow-as-their-new-managing-director.html

He lent Rafa his pen to sign Nando's contract when the official one wouldn't work. He and Kenny nodded to each other once and said hi when they passed each other at Anfield.

Things get blown up by the media, we all know that. It may be he'll be good for the club but I'll bet parry was known around the club too before he joined. He's there to represent the owners interests, not yours, mine or ours, but THEIRS. It remains to be seen whether he does this to the detriment or benefit of the club as a whole, until then I'm reserving judgement and taking all this life long supporter and friends of past legends guff with a hefty pinch of salt.

[Liverbird 2010]

Re-fi given according to radio 4 & 5 

[nm83]

Re-fi given according to radio 4 & 5 

boy CP don't mess around eh?

[Dr Cornwallis]

Does he post on here???

Sounds like he very well might.

[Funkster]

Sounds like he very well might.

coops.

[redmark]

As redmen and I suggested, looks like this appointment has at least as much to do with rbs as the owners. I think rbs protecting themselves may be better for us than nothing.

[xerxes1]

As redmen and I suggested, looks like this appointment has at least as much to do with rbs as the owners. I think rbs protecting themselves may be better for us than nothing.

That is misleading. P&M were discredited Board members and their departure was long overdue. Appointing somone of Purslow's calibre to the Board is in the interests of LFC, G&H as well as RBS.

[Funkster]

I would say that Purslow has bought an minority stake in the club for arount £60-80m and that is
where we are going to get the cash for new players.

[redmen77]

That is misleading. P&M were discredited Board members and their departure was long overdue. Appointing somone of Purslow's calibre to the Board is in the interests of LFC, G&H as well as RBS.

I agree but we may differ in the order and on whose recommendation he was appointed.

[southern scouse]

No one knows nothing about this guy, they have been looking for this communications post for a bit, Barwick was tipped to get it.  Looks like they have done it without interview and head hunted their man, apparantly he has been a guest in the directors box last seaon, if anyone cares to do a pic search.

It was suggested today that Staveley has applied for CEO job or been asked to apply or something along those lines.

Parry has still got tickets in the directors box next season by the way, him and his son who also now no longer works for the club.

Shanks, are you saying no-one at the club had any prior notice to this appointment and position, or just no-one at the club knew his name?

[southern scouse]

As redmen and I suggested, looks like this appointment has at least as much to do with rbs as the owners. I think rbs protecting themselves may be better for us than nothing.

With no knowing that the postion was advertised anywhere, I would tend to agree with this? probably all spin from G&H that "we" have appointed CP, to stave off negative PR, as he was reccomended by RBS. If appointed by, or has any connection to RBS, opens a lot more questions...........

I / we all know, I wouldn't believe today was Tuesday if it came from G&H mouths

Sorry but really cycnical of anything from H&G

[nm83]

an rbs appointment to run the club while a buyer is sought since g+h default ... an informal administration?  we could hope.

[vanoord]

No one knows nothing about this guy, they have been looking for this communications post for a bit, Barwick was tipped to get it.  Looks like they have done it without interview and head hunted their man, apparantly he has been a guest in the directors box last seaon, if anyone cares to do a pic search.

http://www.redandwhitekop.com/forum/index.php?topic=239905.msg5656282#msg5656282

Pic here: http://www.gettyimages.com/detail/86094771/AFP