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Wall Street opens very cautious on Monday, before the employment figures expected later in the week. At the opening, the Dow Jones 0.1% to loose 10143 points, the S & P drops 0.19% to 1063 points and the Nasdaq, 0.42% to 2145 points.

Before the bell, consumer spending rose more than expected in the U.S. in July. Consumption has picked up 0.4% yoy compared to June It's better than the expected by analysts, who had estimated the consumption growth to 0.3%, according to their median forecast.Spending growth has outpaced that of household income since, according to the ministry, they are divided up by 0.2%, after virtually stagnating in June

On Friday, the NYSE had ended up, apparently reassured by the downward revision in less severe than expected U.S. growth in the second quarter U.S. GDP in fact increased by 1.6% in the second quarter cons expected 1.4% recently, but against 2.4% expected in the first estimate.

Despite a speech by Ben Bernanke at Jackson Hole somewhat mixed, the U.S. stock market saw on Friday, the Dow Jones climbing 1.6% to 10,150 points and the Nasdaq 1.6% to clinch also 2153 points.

Responsible economic news this week

On Tuesday, it will house prices and economic activity in the Chicago area in August and, finally, the consumer confidence that will be published. Wednesday, Thursday and Friday will be dominated by the particular job, with, successively, the ADP employment figures, entries weekly, and finally figures of unemployment and employment in August.

Waltz of mergers and acquisitions

On the corporate side, the spectacle of mergers acquisitions poursuit.3Par (-1.45% to 31.99 dollars) soared 25% to 32.5 dollars on Friday night.As for his suitors, HP (2.32% to 38.88 U.S. dollars) has increased its prices by 3 27 to $ 30, Dell (0.53% to 11.95 U.S. dollars) has aligned its offer Friday morning over $ 27 No fax cash advance.

The German manufacturer Infineon Semiconductor announced Monday the sale of his division's wireless, which makes components for mobile phones, the U.S. Intel (-0.82% to 18.22 dollars) for 1.4 billion (nearly 1.1 billion euros).

The CEO of Sanofi-Aventis, which formalized Sunday his intention to acquire U.S. biotech Genzyme (3.95% to 70.29 U.S. dollars) to $ 18.5 billion, said that "a lot of time can still drain "by launching a bid, in an interview with Voices dated Monday.

Sanofi-Aventis announced on Sunday a proposal for acquisition of U.S. biotech group Genzyme for a price of 69 dollars per share, totaling $ 18.5 billion (14.5 billion euros).But the board rejected on Monday unanimously the proposed terms.

The Indian government was to meet Monday officials from the Canadian manufacturer of BlackBerry (RIM) to try to break the deadlock over access to encrypted data from the phone, on the eve of the ultimatum on the blocking of two services mail.

French insurer Axa has reduced by almost half its share in the prestigious U.S. investment bank Goldman Sachs (-0.17% to 139.52 U.S. dollars), the center of criticism for his role in the Greek crisis, according to documents the regulatory authority of the U.S. markets (SEC).

The U.S. industrial conglomerate 3M (-0.8% to 80.35 dollars) on Monday announced the acquisition of Cogent group (19.35% to 10.64 U.S. dollars) to over 900 million dollars (708 million euros ), which represents a premium of nearly 18%.3M will pay $ 10.50 in effect by title Gogent, which posted a closing price of 8.915 dollars Friday. The transaction should be completed in the last quarter of 2010.

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Wage discrimination between men and women has been the subject of numerous reports. That between heterosexuals and homosexuals had never been studied. Until today. Two economists from the University of Evry have considered this matter and found a gap of 6.5% on average in the private sector and 5.5% year on public Liberation reported Saturday. A result based on a sample of 904 cases.

This difference was found "all things being equal", the newspaper said, that is to say, qualifications and duties equal, in businesses of similar size, etc.. "After dismissing all the biases that could distort the results, we arrive at a pay gap is said unexplained", explains Thierry Laurent, co-authored the study with Ferhat Mihoubi. Only males are affected by this discrimination. The lesbians do not suffer any apparent loss of wages "unexplained".

This discrimination does not affect all gays with the same force. The less educated and the young could be less discriminated against, while the widening gap with the qualifications and experience. As a percentage of the "visibility" of an employee within the company, analyze the two economists. The young staff are more secure, with little "visible" for competitive examination.

"Marriage premium"

The results of the study are close to the observed differences in wages abroad, but it must include "marriage premium" observed in France. A married man will win because on average 4% more than a single. Homosexuals can not have access to marriage, they are doubly penalized.In the U.S., according to a study published in October 2007 and based on the study of 91,000 cases, a gay employee earns an average 23% less than heterosexual married counterparts.

In France, these wage differentials are explained, the two authors argue, by homophobia. "A CSA poll conducted in March 2009, said Liberation, revealed that 28% of private sector employees do not feel" very comfortable "with the fact that their colleague is gay.

The acquisition by Sanofi-Aventis Genzyme will Does the operation of the summer? Sanofi-Aventis, Genzyme would have sent a letter mentioning his interest in the company, according to a source close to the deal relayed by Reuters, adding that the two companies were discussing the offer.

According to the agency, the proposed acquisition would be valued around $ 18.4 billion, or $ 69 per share. For several days, analysts forecasts of competing on the amount of the bid. The Wall Street Journal, the offer of French would be between 67 and 70 dollars per share valuing the American between 17 and 18.8 billion dollars.

Genzyme is not ready to accept an offer below $ 80 a share. But analysts said Sanofi-Aventis could make a first offer around $ 70 per share to acquire the U.S. biotech. What it would raise its offer to $ 80.A price for analysts remain quite tolerable for the French group. Quoted by Reuters, one analyst said that "70 dollars would be a first offer" and that "at $ 80 it remains a good deal for Sanofi. Same story for another sector specialist who believes that $ 80 "operation creates value in three years that will follow."

Sanofi single buyer under Citi

As for Citigroup, estimated that Sanofi will likely be the only buyer of American specialist on rare diseases and will pay between 74-77 dollars per share, or 19.7 to 20.5 billion dollars (15.0 to 15 6 billion euros). They add that the French lab could launch a hostile bid if Genzyme resists and present its offer directly to shareholders.He continued: "shareholder Relational Investors, Carl Icahn, who hold respectively 3.8% and 4.9% from Genzyme, could be satisfied with an offer around $ 75 since they bought at 61 and 54 dollars. In fact, an agreement would be accretive to $ 75 4% in 2011 and 13% in 2013 for Sanofi, analysts have calculated the Citi.

At Raymond James, Eric Le Berrigaud doubt that "70 dollars is sufficient. Starting at $ 70, is ready to go up to 80 dollars, "he notes. "And at 80 dollars it is not certain whether all the guarantees of success because it is about the level or action Genzyme was before its production problems. The biotech has indeed experienced last year a series of production problems on its sites in the United States, which continue to weigh on its business.

A fourth analyst insists that Sanofi is expected to launch its bid for Genzyme even if it does not create value for the group's objective is to increase its earnings per share. "For the operation to bring value, it should pay less than $ 70 per share, or about 64 dollars," he says. "If Sanofi launches operation beyond, is that the group favors a financial logic in the short to medium term to close down its results and not the logic of value creation."

Doubts to find a "white knight"

Sources familiar with the case, it said last week that Sanofi had sent a letter to Genzyme with the terms of its offer. This offer would be "friendly" at first but may become hostile if necessary.

The Board of Directors of Sanofi would have authorized an offer of 18.7 billion dollars.But Sanofi has financial guidelines allowing it to raise its offer, that is to say, bring it to more than $ 70 per share. The experts, anyway, doubt that Genzyme is a "white knight" to deal with Sanofi.

Meanwhile, as Genzyme was trading late Monday to end at 70.36 dollars, up 1.15%. In exchange after exchange, the title earned more than 2% to just under $ 72. Since the early rumors, Genzyme shares gained 38%.

The M6 Group on Tuesday said its results for the first half of 2010. Turnover increased by 9.4% and advertising revenue of 7.4% by M6.

LE FIGARO. – The results of the first half they marked the recovery of accounts?

Nicolas de Tavernost. – The model M6, which is based on two feet, with 55% of revenues related to advertising and 45% due to diversification, proved last year that he could withstand the crisis. In 2009, M6 has been one of the few media groups in Europe to maintain its result. Today, that same model shows that it is also effective in upturns. Thus, our operating profit grew by 23% in the first half of 2010.

Note that all segments of the group – the M6, digital channels, media rights, Internet, Distance Selling … – rose.Accordingly, the group turnover is above the 2008 level, which is not the case in the advertising market. Finally, with an operating margin growth of 2.1 points to 17.9%, the profitability of the M6 is two times higher than its main competitor. This validates the relevance of model M6.

M6 she stood facing the World Cup football?

Firstly, that the advertising market has benefited from a World Cup is not correct. Proof, M6, which was unable to attend matches of the World Cup as opposed to TF1, France Televisions, Canal +, has turned this handicap into an advantage. This is for two simple reasons: three-quarters of advertisers looking for a female audience, which is not the case with football, and during games it is difficult to insert commercial breaks.During the World Cup, M6 has made a good-cons programming including "Love is in the meadow, which was a great success. In the end, the World Cup has cost us about 0.3 point fall national audience but had no effect on our advertising revenue. Instead, in June, our screens were saturated and our advertising revenue in the second quarter increased 12%.

Does that mean you give up to buy sports rights?

I did not say that. M6 continue to purchase rights, particularly in football, but we approach the issue with caution. Today, the cost of rights is too important, even if they have started to fall on those of the France team and those of the Champions League.We acquired two games of the France team in the fall (Luxembourg-France and Bosnia-France) and we will probably go on the tender to be held in September of rights for Euro 2012 and 2016.

The hearing is continuing its erosion of M6. How about it?

Let's review the last ten years. During this period, the M6 has improved its position against its competitors historical. In 2000, we were only 38% of TF1's hearing today, we are at 42%. Better still, we're currently 64% of the hearing of France 2 against 57% in 2000 and we arrive at 95% of the audience at France 3. In absolute terms, of course, the hearing of M6 is increased from 12.7% in 2000 to 10.4% today. But in ten years, the number of channels has increased with TNT. We must therefore measure the audience of all group channels (M6, W9 and channels), which has now reached 14.2%.We have therefore gained market share in a decade.

What are your predictions for the advertising market in 2010?

The rise of television advertising market is due to the very effectiveness of the media, which proved he was still the most powerful. However, after the crisis of 2009, the market still suffers from a decline of 10% compared to 2008. We hope in the second half we find these levels. It should be noted that in the meantime the offer of television has multiplied, and there is more competition on a smaller market. Despite this background, M6 has managed to improve its result. For the whole year, I do not give predictions but I can tell you that in the short term, over the months of July, August and September, the market is not bad.

In addition, W9 continues to grow very rapidly. W9 has a national audience share of 3% and 3.8% on our business targets.She continues to experience strong growth in advertising revenues and is the TNT channel most invested in advertising.

Will you return to innovate?

The M6 has always been innovative, two examples: it has been three years since we have successfully focused on cooking with "Dine With Me" and "Top Chef" of success that will continue in September. We have also developed the second generation of reality: with "Love is in the meadow", "New Star" and "Amazing Talent," which are programs to successful wide audience. The "19.45", launched last September, is already a success that should be amplified, we will pursue innovation in September with the recently highlighted the skills of French artisans.

We have also innovated with our services and VOD Catch Up TV (M6 and W9 Replay Replay).Even if these new services are growing very rapidly, we should keep. Eventually, the TV catch-up will represent between 2% to 4% of the initial hearing of the television and almost as much revenue.

M6 Will he participate in tenders issued by the CSA for the new DTT channels?

Currently, we examine the context of the tender. But be careful to balance the market in France, we are the European countries that saw the most public and private channels to develop.But the market can absorb new channels constantly.

Regarding funding, he must go after the clarification sought by the President of the Republic: government revenue for public broadcasters, private income for private channels, it is the condition of a balanced television industry.

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The pharmaceutical group Sanofi-Aventis, seeking a major acquisition, would have approached the U.S. biotech Genzyme understands the Wall Street Journal on its website. In early July, the French had been the subject of market rumors about a proposed acquisition of U.S. $ 20 billion.

"Discussions are still in their infancy and there is no agreement expected in the immediate future. Issues such as price and management have not yet been addressed. " Both groups refuse to aAny comment.

According to the U.S. daily, officials from Genzyme, which specializes in products for the treatment of orphan diseases, are studying the amount that Sanofi would pay.In Stock, Genzyme capitalization stood at 14 billion dollars (10.8 billion euros) but the group can require a significant premium given its portfolio of drugs. "If we take as a starting point the figure of 20 billion dollars that has been discussed before, this puts Genzyme to $ 75 (per share)," said Michael Yee, an analyst at RBC Capital Markets.

Blow to Lovenox that will have to battle against a generic

In exchange, the action Genzyme has skyrocketed 15% to 62.52 dollars a barrel on Wall Street. And during transactions unofficial title continued to grow.

Faced with competition from generic drugs, many pharmaceutical companies are looking for external growth.And the more that Sanofi-Aventis has paid this Friday a blow, with the approval by U.S. health officials the first of its generic anti-coagulant Lovenox star, his second top-selling drug in the world. "The FDA today approved the Administrationa first generic version of Lovenox, the FDA announced in a statement posted on its website.

This product is developed by the Swiss Sandoz, the generic arm of Novartis, Momenta and American society.Sales of Lovenox, a drug derived from heparin and more complex to copy a traditional chemical molecule had reached 3 billion euros worldwide in 2009, including $ 1.8 billion in the United States.

In the first quarter 2010, sales of the drug was 769 million euros, which was still the second largest group of drug sold in the world.

The sales of Sanofi made in the USA by its anticancer Eloxin fell sharply after the launch of generic versions, while its other cancer drugs, Taxotere, will drop its patent to the public in November in Europe and United States.

In late June, Sanofi announced the acquisition of American TargeGen for 560 million dollars (458.5 million euros) in order to strengthen the fight against cancer.

Farmer in Nizhny Novgorod, east of Moscow, is desperate Kassoumov Acker. This summer, because of the drought, "the grain of wheat could not germinate," laments the operator in front of cameras showing the chain Volga an ear of corn all withered. Result, the performance of his farm is expected to reach ten quintals per hectare instead of 28 quintals provided. As to the 210 acres of grass hay sown a few months ago, "they have been wasted," says Acker Kassoumov.

After a very cold winter and snow, this year Russia is experiencing one of the worst droughts in its history, as in 1972 when the USSR was forced to import wheat. In the Volga basin, but also in Siberia, the mercury rises, reaching 35 degrees for several weeks in Krasnodar (southern).In Ulyanovsk, 900 miles southeast of Moscow, only 200,000 tons of wheat should be harvested, against more than one million tonnes last year.

Nineteen areas in particular suffer from this episode extreme climate, mainly located in the southern basin of the Volga River where the water, whether drinking purposes or watering, is sorely lacking. "There is not a question of financial loss, but survival of peasants!" Has alarmed Skourikhine Pavel, President of the National Union of Producers of wheat, at a press conference Moscow. Many farms are facing bankruptcy payday advance. Given the urgency of the situation, the authorities of countries have expressed readiness to help these nineteen regions. Budgetary allocations will be granted at rates well below inflation (2% per year over five years).A total budget of 40 billion rubles is raised (about one billion euros), a figure corresponding to the amount of losses as assessed by the daily Kommersant.

Unlike their Western colleagues in such circumstances, the Russian agricultural officials are careful not to formally assign catastrophism, making sure to thank the Kremlin for their efforts.

Wheat prices soar

Professionals note in Siberia, a drought will resume wheat prices, to offset the fall in prices that occurred last year after a phase of overproduction. Prices were burning this weekend on U.S. and European markets for wheat, before a lull yesterday.

Subsequent events depend on the duration of the heatwave, which has experienced five episodes equivalents for 130 years.No meteorologist provides improvement in the medium term, however, but spread to the Far East of Russia. Whether in the Orthodox churches or the plains of Tatarstan Muslim, religious leaders pray for the return of rain.

Photographers, cameramen, and around 70 MPs, including several tenors Socialists (Francois Hollande, Jean-Marc Ayrault) belonging to other committees, however … The Social Affairs Committee of the Assembly, Eric Woerth who auditioned Tuesday, just after presenting his plan to reform pensions in Cabinet, had on Tuesday an unusually busy. She was visibly much at the media-political context and the importance of the bill to the agenda. The audience was also gradually scattered throughout the session … And if the Left has repeatedly expressed its disapproval loudly – a ruckus usually reserved for the Chamber – is inside the text she attacked.

The fate of the Pension Reserve Fund has attracted the most virulent attacks.Introduced by Lionel Jospin and supposed to help pass the peak of demographic imbalance between contributors and pensioners, beginning in 2020, the FRR will finally be used to offset deficits in coming years, pending the promised balance by the government in 2018. "Your reform is shortsighted, accused DSK.The holdup on the Pension Reserve Fund is to penalize future generations. "

PS She also found that the device "hardship" (starting at age 60 with full rate, subject to a disability of 20%) returned to "say people who are disabled or sick are entitled to be found invalid or sick " instant payday loan no TeleCheck.

"A good balance"

Labour Minister regretted the "distortions" and recalled that this device, combined with the long careers (early departure for those who started working before age 18) should cover 100,000 people per year in 2015, a new retiree on about six.Earlier, Eric Woerth was held, in an interview Capital.fr that the threshold of 20% was a "good balance", seemingly closing the door to a significant change – and potentially costly – on this point.

Not a word left, however, to challenge the alignment of the contribution pensions of officials on that of private sector employees.

The majority, she has power, supporting a reform considered "essential," "urgent," "fair" and "effective". Jean-Luc Préel however, raised a question: "I have some doubts about the economic forecasts that seem optimistic," said the member of the New Center.

Meanwhile, unions have reaffirmed their opposition to the reform, gathered before the Ministry of Labour hundreds of activists, including Bernard Thibault (CGT), François Chérèque (CFDT), Alain Olive (UNSA) and Bernadette Groison (FSU).

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Greater China specialist, Stephen Green spoke yesterday at the Treasury Conference on Europe-China relationship.

LE FIGARO – With a CEO who has just moved to Hong Kong and a proposed listing in Shanghai, is this the year of homecoming for HSBC?

Stephen Green – It has been four years since we started this movement to Asia, but it is true that the transfer of Michael Geoghegan office in Hong Kong earlier this year, marks a significant milestone.

When do you hope to enter the Shanghai Stock Exchange?

We expect the Shanghai Stock Exchange opens to foreigners. This process takes time. Let the Chinese authorities to develop policies and adapt the rules.It is unlikely that we can go public before the end of the year.

HSBC would be the first foreigner to be quoting in Shanghai?

We'd love to, but we're not the only candidates. There is also the ranks of major manufacturers with significant operations in China.

Why this rating?

This shows our long term commitment to China. The capital raised also fund our development in the country. This occurs on one side through our partnership with Bank of Communications, China's fifth largest bank, which we own 19%. We have a very important joint venture in the field of credit cards. Our development is also through our own network we want to expand. We have recently opened our hundredth agency and we would like to be present in all Chinese provinces.We need capital to finance not only our physical development but also to lend to small businesses in China.

The Chinese regulator urges domestic banks to better manage their risks. Is this a danger?

The overall outlook of the Chinese economy are excellent. The growth promises to remain strong for many years, with the aim to extend development to the west. In this context, banks have an important role in financing. As everywhere, there will be bubbles. But for ten years, banks have greatly strengthened, both in equity but also in ability to control risks. I am not worried about how the Chinese banking system operates.

What is the step after?

The main challenge for China is in the creation of a large debt market.For now, Chinese companies are financed through banks or equity markets. They will need an efficient debt market.

Do you fear the new prudential standards Basel 3?

The G20 meeting in Toronto next week, will be important. I observe a growing awareness on the part of governments that reform can not be applied in the calendar originally proposed. It takes time. It is essential that regulators calibrate the measures taking into account their impact on the real economy. If the device was applied as such, the banking system should recapitalize by much too important.

The tax on banks you worried she also?

This topic is joined in the previous because they threaten the profitability of banks. Some have generated returns of nearly 30% that were not sustainable.But, conversely, governments and regulators should realize that if banks are no longer sufficiently profitable, it attracts more private capital. And therefore, they can no longer finance the economy.

What is the minimum rate of return?

It is estimated that the cost of capital for a bank is around 10 to 11%. Therefore a return above this level.

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The tone rises between the administration of Barack Obama and BP. The head of the American branch of the oil company, Lamar McKay, said Tuesday at a hearing in Congress, he refused to promise the creation of an escrow account to compensate victims of oil spills in the Gulf of Mexico. The $ 20 billion has been raised in a letter to the CEO of BP, Tony Hayward. "I am not able to tell if an account is established or not," said Lamar McKay. "I can not commit, either one way or the other"

The idea had been raised by the White House. Several members of Congress while announcing their desire to put pressure on BP to put it in receivership on payment of its dividend in order to ensure compensation for victims of the disaster, compared to a "September 11th green" by Barack Obama.

According to the White House press secretary, Robert Gibbs, is already preparing the risposta in the Oval Office. Barack Obama will "be forced either to reach an agreement with BP to withdraw their control of the process of claims and entrusted to an independent structure, so that people who have been harmed to obtain the money they is due, "said the spokesman. The administration is based on the polluter pays law in force in the United States, which requires BP to pay the costs of plugging the leak of oil, cleaning the polluted coastline and compensation for victims.Traveling in Pensacola Beach, Florida, Bush assured the residents affected by the oil spill that would "whatever it takes, as long as it takes to be sure that BP is paying for the damage that it has caused.

An oration

President Barack Obama has formally addressed his countrymen on Tuesday at 8:00 p.m. (2:00 am, Paris time). He will be speaking from the Oval Office of the White House, space reserved for the most serious crises and whom he'd never used a speech to the nation.

A senior, Bush will announce the appointment of a person responsible for restoring long-term disaster areas by the oil spill that pollutes the Gulf of Mexico. The "czar" as the press dubbed the American mission will be to "restore the Gulf of Mexico.Not to where it was the day when the accident occurred. But to restore it to where it was years ago: to increase the life and vitality of the species, wildlife and natural beauty that characterizes the Gulf of Mexico, "said Robert Gibbs.

Barack Obama will set out above "the need to reduce our dependence vis-a-vis oil and fossil fuels" No faxing 1 hour payday loans. He will also discuss the "changes necessary for such a disaster never happens again more. According to an anonymous source, the U.S. president will "present the measures taken to protect those who suffer financially from this disaster, especially during the process of compensation."

"The tragedy was avoidable

Under pressure, BP must also face competition that dares to push it."I am convinced that the independent investigation will show that this tragedy was preventable," and called John Watson, head of oil company Chevron to members of the Committee on Energy and Commerce House of Representatives. The explosion and the sinking of the platform in late April Deepwater Horizon "show once again that all companies must work under the same strict safety and reliability. It is obvious that not following these rules has serious consequences, "he added.

"It is imperative that an investigation expert, impartial and comprehensive investigation takes place, because this incident represents a serious breach of standards relating to offshore drilling, for his part stressed the boss of ExxonMobil, Rex Tillerson .

In addition to the Chevron boss and ExxonMobil, ConocoPhillips and Shell were present. Facing them, Lamar McKay attempted to defend his group."I want to make things clear: BP will know no rest until the wells will not be under control and that we do not understand what happened," he said.

Ficth puts his two cents

BP has several weeks to manage its bad reputation. The group would also relies on advisers to help him. The efforts required will be considerable, especially since the rating agency Fitch has come to contribute to the debate on Tuesday, lowering the notches of six notes of the British major. The latter is now BBB AA cons. Fitch maintains it under "surveillance implications". The rating agency is particularly concerned that BP may be forced by U.S. authorities to place large sums into accounts in receivership.This is the first time that the note of BP is lowered several notches by the three leading rating agencies worldwide and it falls below the AA.

At the London Stock Exchange, BP shares ended the session on a further drop of 3.78% to 342 pence while the FTSE close up on 0.30%. In New York, the action is able to earn 2.18% to 31.31 dollars during the session on a market up 1.22%.

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Porthmouth bankrupt, condemned Manchester United to assume debt of 826 million euros of its owner Malcolm Glazer … The elite of English football suffered the brunt of financial crisis. And it is not finished. According to the British press, Tom Hicks and George Gillett, owner of Liverpool Football Club, has mandated Barclays Capital, the investment banking subsidiary of Barclays to sell the club. "This is not a surprise when we know their philosophy on Liverpool, says Vincent warmShe, head of sport Ineum Consulting.They clearly did not want to invest any book in the club they use as a "cash cow".

Under the pressure put by the creditors of the club – Royal Bank of Scotland claiming payment of 100 million pounds (113 million euros) – and the rise of a club like Manchester City who could play spoilsport at within the 'Big Four' (Chelsea, Manchester United, Arsenal, Liverpool), Liverpool has no other choice but to respond. "If Liverpool wants to keep pace with competitors sporting their English, Spanish and German, they must have a stadium of over 50,000 seats," said Vincent warmShe.If the project was suspended due to financial crisis, Liverpool have received permission to build a new 60,000-capacity stadium in Stanley Park to Anfield to replace that with a capacity of 42,000 seats.

The owners want to EUR 565 million

Since their arrival in Liverpool, the two investors are highly contested by both the Reds fans as the club's creditors. In addition to sports scores means, they mostly blew the debt of the club, which currently reaches 237 million pounds (268 million euros) No fax pay day loans. "Like Manchester United, Liverpool is a club that generate healthy lot of money. But that money only serves to cover the debts of their owners. What constitutes a serious handicap for their sports investments."Says Vincent warmShe.

Sixth in the Premier League – the equivalent of League 1 in England – and therefore not qualified for the next Champions League, Liverpool disappoint again this season. "Liverpool is facing a triple handicap: an owner who does not invest a stage too small and sports results disappointing. If the club continues in this path, he will find himself in big trouble. The end of the season is in this sense a real turning point. They must finish in the top four, "says Vincent warmShe.

The two owners of the club then realized it was time to make a substantial capital gain. They hope to gain from the sale of Liverpool, they bought 217 million pounds (245 million euros) in 2007, 500 million pounds (566 million euros). However, in three years, the value of the pound has fallen sharply: in 2007, a pound was worth just under EUR 1.50.Today, ell worth just over 1, 13 euro.

The case is far from being tied up: Tom Hicks and George Gillett have received an offer for now 118 million pounds (133 million euros) to buy 40% stake, valuing the club at least 300 million pounds (339 million euros).

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