Liverpool FC Forum

[taff]

Please God let this hell end soon

[Cool Hand Luke]

Please God let this hell end soon

Amen brother.

[Igor Zidane]

Andrew_Heaton on twitter

Further to the earlier news from Bloomberg and The Guardian, apparently the #LFC account is now being personally overseen by Stephen Hester

[Ciggy]

Andrew_Heaton on twitter

Further to the earlier news from Bloomberg and The Guardian, apparently the #LFC account is now being personally overseen by Stephen Hester

Great news and all credit goes to Fat Scouser for all his hard work that is one great fella, he has constantly been in touch with Hester for months on end maybe just maybe we are reaching end game.

[Ciggy]

Well this is interesting, cant be @rsed translating it so someone else can Im tired and going to bed, but Gilletts been meeting with the sheikh rattle and rolls again.

http://www.rusfootball.info/rss....ru.html



In the beginning - the potential buyer to Liverpool from Saudi Arabia, which, as far as we know, you are representing in the negotiations with the Americans. Terms of candidates has narrowed - Chinese businessman, Kenny Huang and Syrian tycoon Yahya Kird officially withdrew from the "Trade". It seems that soon "Liverpool" will gain the same, the new owner?

- I can say that several meetings took place - Jillett itself has been flown to Riyadh (the capital of Saudi Arabia - Prim. AS), view the offer. What are its dimensions? Proposals have been made impressive. But the parties have agreed. Now I do not take direct part in the talks - but only helping his partner, now representing the interests of the potential buyer. So their last sentence Jillett called very serious.

- What stopped it take?

- That's it - Americans want more money. They have invested considerable funds into the club - and not going to leave Liverpool's worth.

- Meanwhile, nearing Oct. 6 - when the shareholders of the club to restructure the debt of 282 million pounds to the Royal Bank of Scotland. It seems that in such circumstances, Hicks and Jillett would cost to make concessions.

- Right. But the Americans - they will be in the game until the end. Although this situation hinders the team's great play. Roy (Hodgson) does not hide: all the guys much to worry about the future of the club. When surrounded by such chaos reigns, it's hard to do their work quietly. But Liverpool because of this whole story could not consolidate. Roy said he wanted to buy a good striker.

- The British press was even reported the name of the striker - Roman Pavlyuchenko. Is this true?

- Hardly. If the novel is really seriously interested in Liverpool, Roy sure I would know my opinion. We regularly communicate with him almost every week, and he shares with me the plans of the club. However, the present composition meets all the requirements of a coach - he Hodgson calls it "balanced". During our last dialogue, he said: "Serious Shopping - these can be done only once the club there will be new owners. And spend tens of millions on the background of such debts is not realistic. However, we do not want to force the situation."

- Surprisingly restrained tone.

- Roy in general people are very calm. And the changes in his life, he reacts too pretty quiet. At one time he could become coach of Ukraine - I then had talks with the Ukrainian Football Federation (UFF) about his candidacy.

- Transfers to other continents - for the British this is unnatural.

- Agreed. And for the British unusually fluent in five languages - Roy is ready to move from English to any other.

Return to Liverpool. Participation in the negotiation takes only Jillett?

- Yes. But it is understandable - at Jillett share in the club more than Hicks. In addition to Jillett Liverpool - unfinished business. Once he imagined that he would do in the city of the Beatles' crazy for the benefit of a business project - first to invest money, and will soon begin to count the profit. But business in the American failed. Now, the only remains that getting rid of the cargo.

- The Arabs, too, certainly soar in the clouds - are counting on a story in Liverpool?

- No. The Arabs did not initially oriented toward crazy wages. Although call them fanatics who are willing to continually improve the amount of its proposal, too, not worth it. For example, a client of Saudi Arabia (recall: I've already officially in the negotiations can not imagine) set the final amount - more than he will not pay.

- What kind of money we talking about?

- The details do not want to go, but money is quite large. But Americans are still waiting - they still believe that they can get out of Liverpool not losers, and even the victors.

- Did they have to have a chance?

- Chances are, we must be fair, not great. Hard to believe that a month before the debt restructuring someone to offer a lot of money Hicks and Jillett. I am sure that my friends the Arabs - the best option. First, they have three generations suffer for the club - and it is very important for the British. And secondly, even the chief coach Hodgson does not hide its sympathy for these people is - he plans to impress the Saudis in Liverpool. And Roy - a man who can appreciate the tradition. He and his wife have lived 50 years together - and therefore knows that such devotion. The Saudis also very committed to Liverpool - they are practically on every match the team arrive. Businessmen-fans in Britain love, but competitors gain rich - to put it mildly, not very.

In conclusion - again about Liverpool. How do you think will end this saga?

- Jillett and Hicks definitely sell the club. As for the price issue, it all depends on the Americans. If you agree now - will get a lot of money. Then the Arabs, under certain circumstances would be bearish.

Andrew Sukhotin

[RED BEERGOGGLES]

Andrew_Heaton on twitter

Further to the earlier news from Bloomberg and The Guardian, apparently the #LFC account is now being personally overseen by Stephen Hester

Great news and all credit goes to Fat Scouser for all his hard work that is one great fella, he has constantly been in touch with Hester for months on end maybe just maybe we are reaching end game.

Fat Scouser for his relentless devotion to the cause ...he deserves his RAWK peerage 

[Reg]

Andrew_Heaton on twitter

Further to the earlier news from Bloomberg and The Guardian, apparently the #LFC account is now being personally overseen by Stephen Hester

Great news and all credit goes to Fat Scouser for all his hard work that is one great fella, he has constantly been in touch with Hester for months on end maybe just maybe we are reaching end game.

Fat Scouser for his relentless devotion to the cause ...he deserves his RAWK peerage 

Hear hear, FS is a key thorn in Hicks fat @ss - kudos to the fella.

I think T&T taking out the Rawk site a couple of months ago was basically attacking FS ! 

[Reg]

Ciggs forget that russian cr@p, theres nowt to be learnt there.

[LiverpoolMadman]

RBS ready to call time on Hicks and Gillett

[dundreamin]

I hate them pair of b.astards i hope they rot in hell. Iam putting a curse on them. am going to make effiges of them and torture the t.wats:angry:

[SouthCoastShankly]

Guardian - http://www.guardian.co.uk/footbal....verpool

Tom Hicks and George Gillett's ill-starred reign as owners of Liverpool looks like having less than a month to run after the club's loans with Royal Bank of Scotland were placed into its toxic-assets division.

The deadline for the refinancing of the owners' personal loans from RBS is 6 October, and that now looks set to be the date that Hicks and Gillett's association with England's most successful club will end. The bank's decision to switch the debts to its Global Restructuring Group is the strongest possible signal that these loans will not be extended.

The co-owners' previous attempt to refinance the debts in June, when they are believed to have offered to secure the loans against their US assets, was overruled by the club's board, led by the chairman, Martin Broughton. Now, with the loans having been shifted into RBS's so-called "bad bank", where all toxic assets have been housed since last year, it is clear the club's lender has also adopted a more steely stance towards the Americans.

One source with a knowledge of Liverpool's dealings with RBS said: "If it has been taken out of the hands of the corporate banking department they'll have a much more ruthless approach on 6 October." An informed view from another source close to the situation is that the bank would hope to sell the club, possibly at a knockdown price, in the coming weeks or as soon possible after 6 October.

According to the club's accounts to July 2009 Liverpool's owners owe £237.4m to RBS. Through companies in the UK and overseas, Hicks and Gillett are also personally exposed to tens of millions of pounds in other commitments to the club and its lender. These have been a mixture of cash, which the pair have injected through equity, and guarantees to the RBS loans. Last year's accounts stated these amounted to £145.3m, but it is believed to have risen dramatically after the last refinancing agreed five months ago.

RBS would hope to achieve an orderly sale without having to take control of Liverpool. However, depending on the terms of the April refinancing agreement – which have never been made public – that may prove difficult if the co-owners, who value the club at £800m, refuse to go quietly.

One tool at RBS's disposal is to force the insolvency of Liverpool's UK parent and associated companies. It is clear from mortgage documents lodged with Companies House that in the event of default RBS has the power to place Kop Football and Kop Football (Holdings), as well as Gillett's loan-security vehicle, Football UK Ltd, into administration. However that would be unpalatable for the bank, Liverpool's board and the Premier League since it would require the imposition of a nine-point penalty on the club.

By exercising those clauses the bank would also effectively take control of Liverpool. Although RBS's restructuring group describes itself as being responsible for "the management of any problem lending portfolios", the bank has no long-term plans to hold the club as its subsidiary. Instead it is expected RBS would prefer to fulfil another of its stated aims – the "maximising [of] debt recoveries" – by selling the club in short order.

That means there are also strong signs RBS will now be prepared to accept a knockdown price in order to cut its ties. During negotiations with prospective buyers Broughton, and the investment bank advising him, Barclays Capital, have maintained that Liverpool's debts with RBS must be paid in full as a minimum sale price.

Provided buyers still retain an interest in taking over Liverpool beyond 6 October, it will mean a more orderly sale process. There would be only one party for purchasers to negotiate with and the club's debts would be manageable.

The departure of Hicks and Gillett is an outcome that would delight Liverpool fans. The Kop Faithful group wrote in an open letter to the RBS group's chief executive, Stephen Hester, this week: "Hicks and Gillett were proved to be no more than a pair of liars. The promised 'no Glazer style buy out' was all of a sudden [a leveraged buy out] – a club £350m in debt to effectively buy itself, when it had been sold for less than £180m in what seemed no time before."

[Ciggy]

Ciggs forget that russian cr@p, theres nowt to be learnt there.

Probably mate but I thought it was strange coming from a Russian football website.

And I dont doubt for one minute Gillett has been swanning it around Saudi Arabia in search of a rich arab or two.

[bigmick]

Like I said a few weeks back, why pay 600 million for something which you KNOW will be available for a knockdown price in October? Time is on the side of the buyer, and the nearer it gets to the deadline, the closer the two yank c...s come to getting feck all out of the process. Maybe then, a sneaky little 325 million pound bid might just do the trick.

On the question of administration, I don't think it will come to that. If it does though, obviously any pretensions towards European qualification would go out of the window, and just mid table security would become the goal. Fortunately, throughout this tumultuous period I think even Roys staunchest non believers would accept and appreciate that he's an extremely cool and experienced head who is unlikely to either panic on the pitch or exasipate the situation with any histrionics.

[Reg]

That means there are also strong signs RBS will now be prepared to accept a knockdown price in order to cut its ties. During negotiations with prospective buyers Broughton, and the investment bank advising him, Barclays Capital, have maintained that Liverpool's debts with RBS must be paid in full as a minimum sale price.

Provided buyers still retain an interest in taking over Liverpool beyond 6 October, it will mean a more orderly sale process. There would be only one party for purchasers to negotiate with and the club's debts would be manageable.

The only thing I disagree with is the concept that RBS want to cut their ties with LFC. They're part of the solution not the problem. They wont put LFC in administration and incur the 9 point penalty as its not good for the business plan (CL or UEFA cup qualification) and will want to be part of the new owners plans providing both credit lines and long term loans for the new stadium. I have 99.9% confidence that RBS, BarCap and Broughton are aligned in getting the owners out then working together to recapitalise the club. The more negative this looks for the owners, the better it looks for the club.  Less than a month to go.

[damjan193]

I know that I'll look stupid but I dont get ANY of this sh!t. What happens when we reach the deadline and we still havent paid the money? Will we lose any points? What will happen to the owners? What the hell will happen to us?