Liverpool FC Forum

[bigmick]

I very much doubt that mate

[Rush Job]

I very much doubt that mate

Well from a spectator point of veiw Kharhaz has nowhere to go, its this point where it normally ends or gets personal.

[Kharhaz]

Here's an idea. Kharaz, just say for instance that Saint's figures were somewhere near, what would you think about the whole thing then?

Why? because he has posted more than me? Lets say he is wrong and im in the right, what would saints reply be?

Nothing is certain, all we have are rumours, all we have are figures like us guessing but the difference is the people spreading the rumours are being paid to do so. Whatever the figures, whatever the debt, the fact is we have signed good players, we dont have the money to spend but right from the off it wasnt there. So many people were under the illusion that we could compete with chelsea but the figures that were spoken when they took over expelled that idea. No, lets look at the facts, so many people took it as gospel that when the yanks took over we had millions to spend. It was never the case.

[account deleted by request]

I posted a statement from Kop Football Holdings (Ltd), that is not rumour - that is the company making a statement. Whether you like it or not you are wrong ,and no matter how you try to avoid answering the questions, everyone apart from you knows it.

So whats not certain ?

[bigmick]

Here's an idea. Kharaz, just say for instance that Saint's figures were somewhere near, what would you think about the whole thing then?

Why? because he has posted more than me? Lets say he is wrong and im in the right, what would saints reply be?

It's a fair one. Saint, why don't you say first what your view would be if in fact your whole theory/numbers are total , and then Kharaz will give a view in which he pretends your theories are right.

Failing all that I guess you could just agree to differ, and on reflection that might actually be the best bet   

[Rush Job]

Here's an idea. Kharaz, just say for instance that Saint's figures were somewhere near, what would you think about the whole thing then?

Why? because he has posted more than me? Lets say he is wrong and im in the right, what would saints reply be?

Nothing is certain, all we have are rumours, all we have are figures like us guessing but the difference is the people spreading the rumours are being paid to do so. Whatever the figures, whatever the debt, the fact is we have signed good players, we dont have the money to spend but right from the off it wasnt there. So many people were under the illusion that we could compete with chelsea but the figures that were spoken when they took over expelled that idea. No, lets look at the facts, so many people took it as gospel that when the yanks took over we had millions to spend. It was never the case.

This isnt my beaf but i dont think saints problem is we havent spent enough money more that the money we have spent along with everything else has been put straight onto the club with interest, meaning a below par season and you can say bye bye to our best players. Its not about what has or hasnt been spent more the risky way they do business. Plus they promised no debt and a competitive budget for rafa to compete at the top yet everything is getting done with loans, interest payments and ultimatly debt on the club.

[account deleted by request]

If I am wrong then Kop Holdings HAVE LIED. In which case Hicks and Gillett are even bigger liers cheats and rogues than we thought.

[Kharhaz]

Here's an idea. Kharaz, just say for instance that Saint's figures were somewhere near, what would you think about the whole thing then?

Why? because he has posted more than me? Lets say he is wrong and im in the right, what would saints reply be?

It's a fair one. Saint, why don't you say first what your view would be if in fact your whole theory/numbers are total , and then Kharaz will give a view in which he pretends your theories are right.

Failing all that I guess you could just agree to differ, and on reflection that might actually be the best bet   

I'll go with that. I dont agree with you saint, this argument has become petty because of different beliefs, and for that I apologise for any insult I have given. I have my beliefs as do you, i'll unplug my ears but it doesnt mean I have to like what I hear !

[account deleted by request]

No one likes it mate - thats the problem. I don't suppose the people on the Titanic enjoyed being told the ship was sinking, but maybe its better knowing than not.

At least if you know you can look for a life belt. (DIC)

[Igor Zidane]

Don't know if this is good news or bad , my suspicion is , he'll have to sell us to help finance his projects back home in texas , here's hoping so anyway.



Hicks delays Glorypark due to “extreme conditions”
Posted on May 15th, 2008 by Jim Boardman

A press release issued in Dallas overnight UK time will add more weight to the claims that Liverpool FC co-owner Tom Hicks will not be able to find suitable finance to purchase the other half of the club from partner George Gillett.

The Glorypark project in Arlington, Texas, is to be delayed due to financial concerns.

The Dallas Morning News quotes Hicks as saying: “We’re in the most difficult credit crunch I’ve seen the last 20 years.”

The press statement, from Hicks Holdings, said that “financing and construction of a proposed mixed use development between Rangers Ballpark and the new Cowboys stadium in Arlington has been put on hold because of ‘extreme conditions’ in the country’s financial and retail markets.”

Glorypark, Arlington, TexasIt goes on to say that “the nation’s economic markets today have made it impossible to come to terms with lenders for Glorypark, a half billion dollar (approx £257m) project.”

Hicks Holdings’ development partners on this project are Steiner +Associates, and the statement says that S+A have “been unable to secure a firm and final commitment from an anchor department store.” It’s reported in the Dallas media that S+A have been in lengthy discussions with Dillard’s department stores.

Now, the statement says, “The developers do not plan to exercise a May 15, 2008 option to extend a letter of commitment to underwrite bonds for roads and parking garages. As a result, construction mobilization will not begin this spring as planned.”

Tom Hicks is quoted in the statement: “We have put an enormous amount of time and money into Glorypark. In the end, the dream can’t become reality without the right financial package. We will pursue alternative funding options and examine our reprogramming options.”

Hicks compared it to another project he was a partner in, the Victory Park project, a similar initiative sighted alongside the American Airlines Center, home of his Dallas Stars NHL side. “This is extremely disappointing to me, personally,” Hicks said. “It’s almost the exact situation we had at Victory when we were ready to go, but the financial markets were in deep trouble after 9/11. That’s when we had to regroup.”

Of the Victory Park project, the statement says: “After two years, Victory did re-emerge although the project has evolved and continues to evolve.” Last week Ross Perot Jr’s company announced their plans to build a 43-storey hotel on the Victory development were being delayed, also due in part to the condition of the financial markets.

Hicks said in the statement that the land between his Texas Rangers baseball stadium and the new Dallas Cowboys stadium would still be developed: “When my family purchased the Rangers, we pledged to invest in a development around the Ballpark. We are still committed to doing that, but we may have to re-examine what should be built and what actually can be built if the market conditions continue.”

Hicks said he contacted Arlington’s mayor, Robert Cluck, about their decision: “These events are in no way related to the City of Arlington. The city did absolutely everything possible to facilitate negotiations while, at the same time, protect the taxpayers’ interests. We all must take the long view for this important piece of real estate between two great sports venues.” The Fort Worth Business Press says: “The city of Arlington has approved several zoning changes to make way for the development and the city had planned to contribute about $135 million through various taxing districts.”

According to Hicks, the developers will now be most likely to concentrate on attracting dining and entertainment businesses to the site: “We have had enormous response from those business segments at Glorypark. I believe reprogramming will produce a plan that is more incremental and includes those elements as well is specialty retail, residential and office components.”

The statement says that Hicks Holdings has invested “almost $50 million into the improvements, design studies, and master planning of the area around the Ballpark.” It also says “plans will continue for the development and opening of the 310-room Westin Hotel and condominium project that was previously announced by Hicks Holdings and Gatehouse Capital. It will be located across Johnson Creek from the new Cowboys stadium.”

Glorypark was due to open in March 2010. The Dallas Morning News talks about how Dallas and the rest of the US have felt the pressures of the current financial environment: “Since last summer, lenders have increased requirements for virtually all types of real estate loans. And some debt sources that previously financed office buildings, hotels, high-rise condos and such have exited the market. The so-called credit crunch is expected to significantly reduce the amount of speculative development this year in Dallas and cities across the nation.”

According to the same paper, this isn’t the first holdup to the project: “The completion of Glorypark, which would have included restaurants, retail, office space and residential, had been delayed at least twice previously.”

As well as needing to raise investment of around £200m (approx $389m) to buy George Gillett’s half of Liverpool FC, Hicks also needs to raise the funds to continue with the building work on the club’s new £300m (approx $584m) stadium, due to open on Stanley Park in 2011. £60m is already in place to commence the work, but the other £240m (approx $467m) still has to be found.

Much can be read into this announcement.

On the one hand it does add weight to the various claims Hicks had been struggling to get finance for his Liverpool FC needs, but on the other hand it suggests the Texan could now be in a stronger position to get the finance for LFC - the total borrowings of the Hicks Holdings group of companies won’t now include this figure in the immediate future.

Again, on the one hand this announcement adds weight to the claims that the US banks Hicks does business with have been looking to call time on his borrowings, but on the other it could be said that recent talk of Hicks approaching hedge funds related to his quest for finance for Glorypark rather than Liverpool FC.

Is it possible Hicks has sacrificed this phase of Glorypark for now in favour of finalising the LFC situation?

The fact remains that Hicks is adamant George Gillett cannot sell without his say-so. This would leave Dubai relying on Hicks hitting financing problems as their only means of getting control of the club. If their assumption turns out to be true then sitting it out could eventually see them take control for the figure they’ve already decided is their top price. But if their assumption is wrong, and they don’t make a substantially higher and tempting bid, George Gillett may just go back on his vow not to sell to his partner rather than sit in this state of limbo for too long.

http://www.anfieldroad.com/news....ns.html

[lakes10]

Don't know if this is good news or bad , my suspicion is , he'll have to sell us to help finance his projects back home in texas , here's hoping so anyway.



Hicks delays Glorypark due to “extreme conditions”
Posted on May 15th, 2008 by Jim Boardman

A press release issued in Dallas overnight UK time will add more weight to the claims that Liverpool FC co-owner Tom Hicks will not be able to find suitable finance to purchase the other half of the club from partner George Gillett.

The Glorypark project in Arlington, Texas, is to be delayed due to financial concerns.

The Dallas Morning News quotes Hicks as saying: “We’re in the most difficult credit crunch I’ve seen the last 20 years.”

The press statement, from Hicks Holdings, said that “financing and construction of a proposed mixed use development between Rangers Ballpark and the new Cowboys stadium in Arlington has been put on hold because of ‘extreme conditions’ in the country’s financial and retail markets.”

Glorypark, Arlington, TexasIt goes on to say that “the nation’s economic markets today have made it impossible to come to terms with lenders for Glorypark, a half billion dollar (approx £257m) project.”

Hicks Holdings’ development partners on this project are Steiner +Associates, and the statement says that S+A have “been unable to secure a firm and final commitment from an anchor department store.” It’s reported in the Dallas media that S+A have been in lengthy discussions with Dillard’s department stores.

Now, the statement says, “The developers do not plan to exercise a May 15, 2008 option to extend a letter of commitment to underwrite bonds for roads and parking garages. As a result, construction mobilization will not begin this spring as planned.”

Tom Hicks is quoted in the statement: “We have put an enormous amount of time and money into Glorypark. In the end, the dream can’t become reality without the right financial package. We will pursue alternative funding options and examine our reprogramming options.”

Hicks compared it to another project he was a partner in, the Victory Park project, a similar initiative sighted alongside the American Airlines Center, home of his Dallas Stars NHL side. “This is extremely disappointing to me, personally,” Hicks said. “It’s almost the exact situation we had at Victory when we were ready to go, but the financial markets were in deep trouble after 9/11. That’s when we had to regroup.”

Of the Victory Park project, the statement says: “After two years, Victory did re-emerge although the project has evolved and continues to evolve.” Last week Ross Perot Jr’s company announced their plans to build a 43-storey hotel on the Victory development were being delayed, also due in part to the condition of the financial markets.

Hicks said in the statement that the land between his Texas Rangers baseball stadium and the new Dallas Cowboys stadium would still be developed: “When my family purchased the Rangers, we pledged to invest in a development around the Ballpark. We are still committed to doing that, but we may have to re-examine what should be built and what actually can be built if the market conditions continue.”

Hicks said he contacted Arlington’s mayor, Robert Cluck, about their decision: “These events are in no way related to the City of Arlington. The city did absolutely everything possible to facilitate negotiations while, at the same time, protect the taxpayers’ interests. We all must take the long view for this important piece of real estate between two great sports venues.” The Fort Worth Business Press says: “The city of Arlington has approved several zoning changes to make way for the development and the city had planned to contribute about $135 million through various taxing districts.”

According to Hicks, the developers will now be most likely to concentrate on attracting dining and entertainment businesses to the site: “We have had enormous response from those business segments at Glorypark. I believe reprogramming will produce a plan that is more incremental and includes those elements as well is specialty retail, residential and office components.”

The statement says that Hicks Holdings has invested “almost $50 million into the improvements, design studies, and master planning of the area around the Ballpark.” It also says “plans will continue for the development and opening of the 310-room Westin Hotel and condominium project that was previously announced by Hicks Holdings and Gatehouse Capital. It will be located across Johnson Creek from the new Cowboys stadium.”

Glorypark was due to open in March 2010. The Dallas Morning News talks about how Dallas and the rest of the US have felt the pressures of the current financial environment: “Since last summer, lenders have increased requirements for virtually all types of real estate loans. And some debt sources that previously financed office buildings, hotels, high-rise condos and such have exited the market. The so-called credit crunch is expected to significantly reduce the amount of speculative development this year in Dallas and cities across the nation.”

According to the same paper, this isn’t the first holdup to the project: “The completion of Glorypark, which would have included restaurants, retail, office space and residential, had been delayed at least twice previously.”

As well as needing to raise investment of around £200m (approx $389m) to buy George Gillett’s half of Liverpool FC, Hicks also needs to raise the funds to continue with the building work on the club’s new £300m (approx $584m) stadium, due to open on Stanley Park in 2011. £60m is already in place to commence the work, but the other £240m (approx $467m) still has to be found.

Much can be read into this announcement.

On the one hand it does add weight to the various claims Hicks had been struggling to get finance for his Liverpool FC needs, but on the other hand it suggests the Texan could now be in a stronger position to get the finance for LFC - the total borrowings of the Hicks Holdings group of companies won’t now include this figure in the immediate future.

Again, on the one hand this announcement adds weight to the claims that the US banks Hicks does business with have been looking to call time on his borrowings, but on the other it could be said that recent talk of Hicks approaching hedge funds related to his quest for finance for Glorypark rather than Liverpool FC.

Is it possible Hicks has sacrificed this phase of Glorypark for now in favour of finalising the LFC situation?

The fact remains that Hicks is adamant George Gillett cannot sell without his say-so. This would leave Dubai relying on Hicks hitting financing problems as their only means of getting control of the club. If their assumption turns out to be true then sitting it out could eventually see them take control for the figure they’ve already decided is their top price. But if their assumption is wrong, and they don’t make a substantially higher and tempting bid, George Gillett may just go back on his vow not to sell to his partner rather than sit in this state of limbo for too long.

http://www.anfieldroad.com/news....ns.html

that was also on CNN last night. they seem to think his toime is up and he has over spent on all and has no money left and no frends left to get money from and could be on the road to SELL!!! SELL!!! to keep his head above water.

[NANNY RED]

Fat greedy Bas.tard

[Reg]

As the lad says, whilst its interesting it doesnt really shed much light on the situation, if Glorypark was sacrificed to make way for LFC or if because Glorypark is off, so is LFC.

Either way, both sets of fans must be thinking the same thing this morning........

[account deleted by request]

Fat greedy Bas.tard

Bit harsh on Lakes that Nanny 

[RUSHIE#9]

I keep my fingers crossed that this is the start of the end for Hicks.