Jonny - the other big number valuation was the $1bn that FBR Capital put on the club in September when Hicks was trying to con obtain finance from GSO. The same FBR that offered just £375m on October 4th. Any thoughts?
Alan_F & Koparoo mentioned the FBR valuation & bid.... and I just want to say 1 more thing about that...
So Hicks pays FBR to come up with some "independent" valuation that he feeds them. Completely shady, but whatever... Stuff like this unfortunately happens.
Hicks then says that he has paperwork that FBR Capital made a $600M bid (£375M) for LFC in OctoberHe will try to prove in the Courts that FBR values the club @ $1Billion (£625M), but that they are going to try to pick-it-up-on-the-cheap @ $600M (£375M). Okay, so you can see what Hicks is trying to do. Clever, but clumsy.
Here's what he put in the Texas Court document:
- That $600M figure that he cites is from FBR
- That $1.03Billion figure that he cites is the "independent" valuation from FBR
- He paid FBR to come up with both of those figures
Like I said... "clumsy"
Just for the sake of it, let's see if FBR could realistically purchase Liverpool let alone make a credible offerIt turns out FBR is a public company.
HERE it is. It's a $3 stock which is down 45% year-to-date. The total valuation of the company is..... wait for it..... $212M (£130M). Come on. That supposed FBR bid is absolutely false.