Liverpool FC Forum

[Ciggy]

Laing O'Rourke
.. Will be taking the club to court and suing the club for £30million quid over the stadium delay calamity.

If the yanks werent thinking of selling up this could tip them over the edge. Once more they are a disgrace to the club and are making us look like fools once again.

I am not one for coming out with 'I know someone who's unlces mates cousins dogs sisters fella's' rumours but this is whats happening.

I mates sense when you think about it. you cant really blame them for suing us. Loss of business.

From the echo forum.

[lakes10]

Laing O'Rourke
.. Will be taking the club to court and suing the club for £30million quid over the stadium delay calamity.

If the yanks werent thinking of selling up this could tip them over the edge. Once more they are a disgrace to the club and are making us look like fools once again.

I am not one for coming out with 'I know someone who's unlces mates cousins dogs sisters fella's' rumours but this is whats happening.

I mates sense when you think about it. you cant really blame them for suing us. Loss of business.

From the echo forum.

the Laing O'Rourke contract was never done and dusted, we still had a get out in it.
Laing O'Rourke will never win this case and they are just trying it on.

the funny thing is in all this for once i know a few of the companies that in it all.

Beaver 84 (i work for them 2 years ago before going into teaching, had the order from Laing O'Rourke for all the fencing, the othet being Merrill Lynch  who Hick is taking advice from (i work for them from 1999 to 2005

[Ola Mr Benitez]

Laing O'Rourke
.. Will be taking the club to court and suing the club for £30million quid over the stadium delay calamity.

If the yanks werent thinking of selling up this could tip them over the edge. Once more they are a disgrace to the club and are making us look like fools once again.

I am not one for coming out with 'I know someone who's unlces mates cousins dogs sisters fella's' rumours but this is whats happening.

I mates sense when you think about it. you cant really blame them for suing us. Loss of business.

From the echo forum.

the Laing O'Rourke contract was never done and dusted, we still had a get out in it.
Laing O'Rourke will never win this case and they are just trying it on.

the funny thing is in all this for once i know a few of the companies that in it all.

Beaver 84 (i work for them 2 years ago before going into teaching, had the order from Laing O'Rourke for all the fencing, the othet being Merrill Lynch  who Hick is taking advice from (i work for them from 1999 to 2005

What did you do at Merrill Lynch?

Are your contacts in the right positions to give you an accurate predicition?

[Ciggy]

Lakes I know you keep mentioning Merrill Lynch but they havent lent twit&tw@t any money for us.

Its The Royal Bank of Scotland and Wachovia & JP Morgan who bankroll the group.

So why would Merrill Lynch be telling Hicks to get out?

[Igor Zidane]

Lakes I know you keep mentioning Merrill Lynch but they havent lent twit&tw@t any money for us.

Its The Royal Bank of Scotland and Wachovia & JP Morgan who bankroll the group.

So why would Merrill Lynch be telling Hicks to get out?

I think merryl lynch have been long term advisors to hicks lynds , lakes will correct me if i'm wrong ,but i think that's the case.

[Ciggy]

I think merryl lynch have been long term advisors to hicks lynds , lakes will correct me if i'm wrong ,but i think that's the case.

Merrill Lynch is a bank though isnt it?

This is 4 months old BTW. But its JP Morgan telling Hicks to sell and not Merrill Lynch.

BANKERS TELL HICKS TO SELL
April 29,2008
By Harry Harris

AMERICAN bankers JP Morgan have told Tom Hicks “time is up” on his huge loans and are calling on the Texan to sell his 50 per cent stake in Liverpool.

The bank is getting jittery at Hicks’ failure to raise the required capital to buy out co-owner George Gillett, who has agreed to sell his share of the club to Dubai International Capital.

This highly significant development is a body blow to Hicks’ stubborn resistance to sell to DIC, with Sheikh Mohammed bin Rashid al-Maktoum taking a personal interest in the end game of their proposed Anfield takeover.

Hicks has been eager to demonstrate his refusal to be budged from his position of power at Anfield, showing up for the Champions League semi-final first leg against Chelsea, waving a scarf and singing ‘You’ll Never Walk Alone’. He went to the training ground twice for talks with Rafa Benitez, and the pair have agreed a summer transfer budget.

But there are now claims it was all a facade – that Hicks is playing hardball, merely trying to hang on for a bigger offer before selling out. He values the Hicks Sports Group – including baseball’s Texas Rangers and ice hockey franchise Dallas Stars as well as Liverpool – at £1billion, with the Premier League club making up 75 per cent of that figure. And although Royal Bankof Scotland and Wachovia financed his joint-takeover of Liverpool, it is JP Morgan who bankroll the group.

My well-connected City source informs me Hicks is being so heavily squeezed by JP Morgan he may be forced to sell sooner rather than later, but they are sensitive to Liverpool’s bid to reach the Champions League final and will not pull the plug on Hicks’ loans until that campaign ends – tomorrow or after the final in Moscow on May 21.

My source said: “Hicks’ bankers are getting very nervous about his ability to finance his debt. They can see a buyer for his Liverpool shares, and as there is only one out there, they are worried it might fall through. They cannot allow that to happen.

“He owes the banks, and they want him to sell up. Hicks has had his chances to raise money, but in the current markets he has been unable to do that.

[Anfield rapper]

From the Independent

"The Tom Hicks camp at Liverpool are known to feel a sense of frustration and helplessness at Abu Dhabi wealth being ploughed into Manchester City while the Dubai consortium with similar ambitions for Anfield believe City's buyout could clear the way for them.


Dubai International Capital (DIC) believe that Hicks and his co-owner George Gillett would be unable to maintain their financial grip on Liverpool without the minimum £25m delivered by Champions League group stage qualification.

With City's new-found wealth creating even more competition for next season's tournament the prospect of their bankers – Royal Bank of Scotland (RBS) and Wachovia – granting a six-month extension to their loan in January is by no means certain.

RBS will be left in no doubt about supporters' feelings on the issue, with the Spirit of Shankly (SOS) group urging fans to boycott the bank unless they stop providing support to Hicks and Gillett. They are ready to urge Liverpool supporters to close any accounts they have with them, should they renew the loan on 25 January 2009.

It remains unclear whether the increased risk of non-qualification may affect RBS's thinking. The qualification money delivers two-thirds of Hicks and Gillett's interest bill and it is difficult to see where they would find that money from if they were deprived of Champions League football next season. City's wealth – which the Hicks camp accept they cannot match – has compounded another difficult period for them, with the narrow qualification against Standard Liège on penalties last week a matter of huge significance.

For Liverpool fans, the timing of City's windfall has been grim – 72 hours after Hicks and Gillett declared that they were being forced to delay construction of the club's new 60,000-capacity stadium at Stanley Park. There has been a multitude of agonies for Liverpool. City's new owner, Sheikh Mansour, a member of the Al Nahyan royal family of Abu Dhabi, is married to the daughter of Sheikh Mohammed bin Rashid Al-Maktoum – the man on whose behalf DIC have been operating.

Amanda Staveley, of London-based PCP Capital Partners, has acted for Manchester City in the Abu Dhabi deal and remains DIC's negotiator in the proposed Liverpool purchase. Matters have been low key over the close season but DIC have been in regular contact with both the Hicks and Gillett camps. The delay has been compounded by Gillett's need to attend to financial business of his own in the US. "The Liverpool situation is ongoing," Staveley said.

The failure to land Gareth Barry this summer illustrated the difficulty Hicks and Gillett have had raising funds, but the stadium project has always been considered the true test of their financial means.

Hicks has gone to great lengths to say that he and Gillett can raise the £300m needed to build the stadium and that it would not be derailed by the credit crunch. But the statement he issued last week contradicted this. "Global market conditions" had been the deciding factor, it said.

RBS will be aware of the £400m DIC bid on the table and, as the Americans' banker, can order them to accept it."



That last bit is important. They have already said that they haven't got the funds to build a stadium so RBS should order them to accept the DIC bid. RBS also know how bad this is for their own image and may order them to sell for that alone.

[Reg]

If Laing can show there was intent on both sides to contract and had invested in resources to enable the contract to succeed (take on manpower, buy machinery etc..) then they have a case.

[Ciggy]

If Laing can show there was intent on both sides to contract and had invested in resources to enable the contract to succeed (take on manpower, buy machinery etc..) then they have a case.

Deadline is Sept 15th

Right,lads,
an update as promised,
I had a good chat today with a mate on the payroll at Laing O`Rourkes,

Firstly there are NO enabling works to be carried out as all of these were completed approx. 18 months ago for architects and design specifications to be drawn up etc.etc.

The only work possibly being done is removal of some old trees and shrubbery and the boarding up of an enclosed section by the car park to house a limited amount of plant, machinery and cabins.
But this was pre-arranged for when Laings contract on the `Triangle` at L1 was completed in September.

The phrase "No silver has been exchanged" was very prominent when pressed about the steel requirements and other materials .

Laing O`Rourkes had an agreement to move onto the Stanley park site and the crunch financial deadline is Monday 15th Sept.

If there has been no investment secured prior to then, they have other contracts [Pinderfields and Hope Hospital are but 2] which will then take priority and further potential work at the Stanley site will be delayed indefinitely as they have machinery and a work force to prioritise,and new deadlines and penalty clauses to beat.

The cowboys have not complied with any guarantees regarding construction contracts or material purchasing and word within the firm is that they have nil confidence in the Yanks being forthcoming in the near future.

This boarding up and housing of plant etc, is just part of the original agreement with LCC, and is nothing to do with excavation work, unless they receive `bona fide` financial commitment from the `Custodians` of the club,

The general consensus is that they are using this situation as a `smokescreen` until they can.

A) Find suitable financial investment in time to meet the stadium commencement deadline and to refinance their existing loans,
If so they will give the go ahead for `phase 1` the initial excavation work for underground car park and foundations,
This strategy will enable them to offer the entire project including LFC [plus all existing loans] at a far bigger profit margin for themselves than is already `on the table`,
It remains to be seen if ANY group is willing to match this increased valuation especially in the current economic climate.

B) If no offers, then they have no alternative but to plough on whilst continuing to borrow more and more as each phase requires, in the hope that they will not be turned down as the finance houses have loaned deeply to them from the start,
This will be no personal risk to them as ALL loans will now be placed on the club, and they will be guaranteed full backing as they could use any objections as an excuse for any delays or abandonment of the project,

C)If they cannot raise the necessary funds in the required timescale, then they may have no alternative than to seek out any prospective investors to purchase the club.

Obviously it is in the `Custodians` interest to begin all aforementioned works to obtain the highest possible premium on their franchise.


From the RATTLE

[lakes10]

Lakes I know you keep mentioning Merrill Lynch but they havent lent twit&tw@t any money for us.

Its The Royal Bank of Scotland and Wachovia & JP Morgan who bankroll the group.

So why would Merrill Lynch be telling Hicks to get out?

Hick is paying them to advise him with his money.
he is a private client with them

at Merrill Lynch i was in systems management, this was setting up accounts for big deals (like just after take overs had just happend)..........sounds a good job but most of the time we spent ordering pc for them lol

from time to time a had to go to the other buildings in london like buckingham palace( the building overlooked the back garden of buckingham palace) this is where some of the private client accounts were held  but also another building in king williams street, you should have see some of the art work on the walls there. I had to go there to train BAMS (business account manager, still noknow to this day what the s was).

so yey my mates are in the right place for this.

as i said all i know right now is that they have told hick to sell us now.

and from other post on here other banks are doing the same.

[lakes10]

I think merryl lynch have been long term advisors to hicks lynds , lakes will correct me if i'm wrong ,but i think that's the case.

Merrill Lynch is a bank though isnt it?

This is 4 months old BTW. But its JP Morgan telling Hicks to sell and not Merrill Lynch.

BANKERS TELL HICKS TO SELL
April 29,2008
By Harry Harris

AMERICAN bankers JP Morgan have told Tom Hicks “time is up” on his huge loans and are calling on the Texan to sell his 50 per cent stake in Liverpool.

The bank is getting jittery at Hicks’ failure to raise the required capital to buy out co-owner George Gillett, who has agreed to sell his share of the club to Dubai International Capital.

This highly significant development is a body blow to Hicks’ stubborn resistance to sell to DIC, with Sheikh Mohammed bin Rashid al-Maktoum taking a personal interest in the end game of their proposed Anfield takeover.

Hicks has been eager to demonstrate his refusal to be budged from his position of power at Anfield, showing up for the Champions League semi-final first leg against Chelsea, waving a scarf and singing ‘You’ll Never Walk Alone’. He went to the training ground twice for talks with Rafa Benitez, and the pair have agreed a summer transfer budget.

But there are now claims it was all a facade – that Hicks is playing hardball, merely trying to hang on for a bigger offer before selling out. He values the Hicks Sports Group – including baseball’s Texas Rangers and ice hockey franchise Dallas Stars as well as Liverpool – at £1billion, with the Premier League club making up 75 per cent of that figure. And although Royal Bankof Scotland and Wachovia financed his joint-takeover of Liverpool, it is JP Morgan who bankroll the group.

My well-connected City source informs me Hicks is being so heavily squeezed by JP Morgan he may be forced to sell sooner rather than later, but they are sensitive to Liverpool’s bid to reach the Champions League final and will not pull the plug on Hicks’ loans until that campaign ends – tomorrow or after the final in Moscow on May 21.

My source said: “Hicks’ bankers are getting very nervous about his ability to finance his debt. They can see a buyer for his Liverpool shares, and as there is only one out there, they are worried it might fall through. They cannot allow that to happen.

“He owes the banks, and they want him to sell up. Hicks has had his chances to raise money, but in the current markets he has been unable to do that.

they are much more thart just a bank, they have trading floors and they advise other banks on what to do. they were no2 blue chip company in the world at one time, not sure about now.

might be worth you having a look at the webite, i am not sure if there will be anything on it about hicks lol

http://www.ml.com

[LiverpoolMadman]

I think merryl lynch have been long term advisors to hicks lynds , lakes will correct me if i'm wrong ,but i think that's the case.

Merrill Lynch is a bank though isnt it?

This is 4 months old BTW. But its JP Morgan telling Hicks to sell and not Merrill Lynch.

BANKERS TELL HICKS TO SELL
April 29,2008
By Harry Harris

AMERICAN bankers JP Morgan have told Tom Hicks “time is up” on his huge loans and are calling on the Texan to sell his 50 per cent stake in Liverpool.

The bank is getting jittery at Hicks’ failure to raise the required capital to buy out co-owner George Gillett, who has agreed to sell his share of the club to Dubai International Capital.

This highly significant development is a body blow to Hicks’ stubborn resistance to sell to DIC, with Sheikh Mohammed bin Rashid al-Maktoum taking a personal interest in the end game of their proposed Anfield takeover.

Hicks has been eager to demonstrate his refusal to be budged from his position of power at Anfield, showing up for the Champions League semi-final first leg against Chelsea, waving a scarf and singing ‘You’ll Never Walk Alone’. He went to the training ground twice for talks with Rafa Benitez, and the pair have agreed a summer transfer budget.

But there are now claims it was all a facade – that Hicks is playing hardball, merely trying to hang on for a bigger offer before selling out. He values the Hicks Sports Group – including baseball’s Texas Rangers and ice hockey franchise Dallas Stars as well as Liverpool – at £1billion, with the Premier League club making up 75 per cent of that figure. And although Royal Bankof Scotland and Wachovia financed his joint-takeover of Liverpool, it is JP Morgan who bankroll the group.

My well-connected City source informs me Hicks is being so heavily squeezed by JP Morgan he may be forced to sell sooner rather than later, but they are sensitive to Liverpool’s bid to reach the Champions League final and will not pull the plug on Hicks’ loans until that campaign ends – tomorrow or after the final in Moscow on May 21.

My source said: “Hicks’ bankers are getting very nervous about his ability to finance his debt. They can see a buyer for his Liverpool shares, and as there is only one out there, they are worried it might fall through. They cannot allow that to happen.

“He owes the banks, and they want him to sell up. Hicks has had his chances to raise money, but in the current markets he has been unable to do that.

they are much more thart just a bank, they have trading floors and they advise other banks on what to do. they were no2 blue chip company in the world at one time, not sure about now.

might be worth you having a look at the webite, i am not sure if there will be anything on it about hicks lol

http://www.ml.com

Yup !! One of the best banks other than Citibank and I'm waiting for them to call me for the interview. Hope that they call me ... wish me luck !!

[lakes10]

I think merryl lynch have been long term advisors to hicks lynds , lakes will correct me if i'm wrong ,but i think that's the case.

Merrill Lynch is a bank though isnt it?

This is 4 months old BTW. But its JP Morgan telling Hicks to sell and not Merrill Lynch.

BANKERS TELL HICKS TO SELL
April 29,2008
By Harry Harris

AMERICAN bankers JP Morgan have told Tom Hicks “time is up” on his huge loans and are calling on the Texan to sell his 50 per cent stake in Liverpool.

The bank is getting jittery at Hicks’ failure to raise the required capital to buy out co-owner George Gillett, who has agreed to sell his share of the club to Dubai International Capital.

This highly significant development is a body blow to Hicks’ stubborn resistance to sell to DIC, with Sheikh Mohammed bin Rashid al-Maktoum taking a personal interest in the end game of their proposed Anfield takeover.

Hicks has been eager to demonstrate his refusal to be budged from his position of power at Anfield, showing up for the Champions League semi-final first leg against Chelsea, waving a scarf and singing ‘You’ll Never Walk Alone’. He went to the training ground twice for talks with Rafa Benitez, and the pair have agreed a summer transfer budget.

But there are now claims it was all a facade – that Hicks is playing hardball, merely trying to hang on for a bigger offer before selling out. He values the Hicks Sports Group – including baseball’s Texas Rangers and ice hockey franchise Dallas Stars as well as Liverpool – at £1billion, with the Premier League club making up 75 per cent of that figure. And although Royal Bankof Scotland and Wachovia financed his joint-takeover of Liverpool, it is JP Morgan who bankroll the group.

My well-connected City source informs me Hicks is being so heavily squeezed by JP Morgan he may be forced to sell sooner rather than later, but they are sensitive to Liverpool’s bid to reach the Champions League final and will not pull the plug on Hicks’ loans until that campaign ends – tomorrow or after the final in Moscow on May 21.

My source said: “Hicks’ bankers are getting very nervous about his ability to finance his debt. They can see a buyer for his Liverpool shares, and as there is only one out there, they are worried it might fall through. They cannot allow that to happen.

“He owes the banks, and they want him to sell up. Hicks has had his chances to raise money, but in the current markets he has been unable to do that.

they are much more thart just a bank, they have trading floors and they advise other banks on what to do. they were no2 blue chip company in the world at one time, not sure about now.

might be worth you having a look at the webite, i am not sure if there will be anything on it about hicks lol

http://www.ml.com

Yup !! One of the best banks other than Citibank and I'm waiting for them to call me for the interview. Hope that they call me ... wish me luck !!

good luck mate, it would be great if you get a job there, just to have them on your CV helps you get job from then on.

[Igor Zidane]

This taken from the ANFIELDROAD forum , and i don't really know what to make of it. Sounds abit windupish to me ,but i'll post it anyway . Make of it what you will .



Forget any speculation about DIC or Sheikh Mohammed bin Rashid Al Maktoum buying Liverpool. The facts as I have them are that Sheikh Mohammed bin Rashid Al Maktoum has already made a renewed offer for LFC and it is in the process of going through. I'm told its a case of dotting the i's and crossing the t's. This won't be a rushed process but Sheikh Mohammed bin Rashid Al Maktoum has told those concerned it must be completed by the end of the year but that date is worse case and it should be well before that. One of the main reasons behind his renewed determination to obtain Liverpool is this little venture
http://en.wikipedia.org/wiki/Dubai_Sports_City
This is why DIC were very interested in Liverpool but as we all know a change of heart on Mr Moores part cost them the chance to own Liverpool then.
The aim is to hold a cup competition of some kind in this venue with the participation of M.City and Arsenal and of course Liverpool. As you can see the cost is estimated at $4 billion. This shows the reason why the current version of Liverpools new stadium has been delayed. Its simply not good enough for Sheikh Mohammed bin Rashid Al Maktoum.
As i have said I am told he wants Liverpool and he will get Liverpool, thats why he has taken a personnal interest in acquiring Liverpool as opposed to DIC. All my sources concern Dubai. I know very little about the yanks thats why I haven't been able to say in the past what their plans were. Obviously I am going out on a limb here but I am certain the info is bang on the money and as I have said this is why leaks have begun to appear with regards a possible renewed bid. I may get some more info over the weekend but Dubai are abit slow on Fridays and Saturdays.
http://www.anfieldroad.co.uk/forum....astPost

[Roger Red Hat]

yeah ok mate