peewee wrote:NANNY RED wrote:peewee wrote:bavlondon wrote:Perhaps Pewee but all this talk of Rafa being gagged and Klinsman ect....it just doesnt seem to be going away and quite frankly im worried. There was even someone on here the other week saying how G Ballague had some dinner meeting and it was said that they want to get rid of Rafa ASAP. I wonder if these yanks even know what sort of backlash they could be facing if they messed this club around.
yes mate, the word you use is 'talk', lest just leave it at that, personally i am annoyed with some supporters over this, all they did was stand up to rafa and all of a sudden they are akin to the devil for standing up to saint rafa.
up to know they have made money available to rafa, they have redesigned the stadium, they have not said there will be no money in january and they handled the whole rafa 'dummy out the pram' episode very well.
lets wait until we hear from them
But Peewee mate theve lied when the bought the club it came from there own mouths that we would not go into dept everything was gonna be financed by them now there taking loans against the club were not talking little money here. The interest alone is astronamical .
Its just my opinion but these yanks are not what they seem .
People are goin on about theve given Funds when asked i dont honestly no how much but im sure a lot of it has been recouped from our outgoing players and money from competitions .
Maybe its just me but ill be happier if they put there cards on the table mate and came out and told us the truth
THis has nothing to do with Rafa this is about our club
its a bit harsh to say they lied nanny, i am sure that what they said at the time was genuine, however in life things change, especially in business and sometimes re structuring is needed, the cost of the ground has gone up forcing them into a rethink about how to finance it, but in business very few rich people pay their own money for anything, its actually better for them to borrow money as their investments generally get a better rate of return that the interest on borrowed money. as an example if you have 100,000 quid and are getting interest at 5%, but you need to buy something for 100,000 and can borrow the money at 4% then its good business sense to borrow the money, its an everyday occurrence in business, even branson finances his planes etc.
its normal business practice and not really worth bothering about
Peewee thats the buissness im in myself mate property development so i deal with with banks on a daily basis but i would never be so stupid to try and write off a dept from a personal investment and off set it against my company which looks like thats what there doing thats why i think theve got in way over there heads.
As far as trusting them goes this is from his own mouth
George Gillett admits he is on a mission to win the respect of every Kopite in the world.
And the American has sent this message to the millions of Liverpool fans around the globe: "Come talk to me."
He said: "I want to earn the respect of the fans. My message to them is to give us a few years and we'll see where it takes us. Give us a little time and we are going to have some fun together.
"When I go to Anfield I'm going to be on the streets in front of the stadium talking to fans. When I'm at the ice hockey if I see an empty seat during the interval I go and sit there to talk to the fans, and I will do the same here.
"When I arrived in Liverpool I picked up a paper and there were four or five letters to the editor about us from people who don't even know us. I've asked my people to get numbers for those fans and I will ring them personally."
Co-owner Tom Hicks moved to reassure fans their club is in safe hands.
He said: "This is not a takeover like the Glazer deal at Manchester United. There is no debt involved, and we believe that as custodians of this wonderful club, we have a duty of care to the tradition and legacies of Liverpool."
Source- LFC.TV from February 2007.
NO DEBT INVOLVED LOL
But contrary to promises made at the time of their takeover earlier this year, the owners are now preparing to load at least half of the new £350 million debt on to the club.
Banking sources said that, while Hicks and Gillett had now agreed to pump in £20 million each of their own cash to secure the new £350 million loan, one of the main sticking points previously has been the American pair's reluctance or inability to put up their own money. In addition to the £40 million in cash, the pair are also underwriting £75 million in letters of credit and £60 million in personal guarantees. The refinancing of the club's debts means that from next season Liverpool will have to shoulder about £30 million in annual interest repayments.
Wouldnt have this been far better
To think originally the stadium was gonna cost £120m and Moores/Parry didn't want to do that becasue it would have put us £200m in debt and taken until 2008 to build!
Imagine if they just did it (like Arsenal), we'd have a 60k stadium next seaon Moores in charge and a mere £200m of debt.
Now we could have £350m debt, and no stadium
OR
£650m of debt and a stadium by 2011/12.
I KNOW WHICH ONE ID PREFER :
