LegBarnes wrote:lakes10 wrote:metalhead wrote:triggerred38 wrote:hello_red wrote:Rush Job wrote:The sheikh is a LFC fan and has stated more than once that he`s only interested in buying us, add to that he`s a man who always gets what he wants and i dont think we`ve got anything to worry about.
Papers are running out of "who`s next" storys so now there just making them up.
The fact that neither side (H&G and DIC) are talking to the press has to be a good thing, its shows somethings going on IMO, i mean come on as soon as they said that the stadium plans are on hold they might as well of said we`re skint, there is no chance the banks are going to keep lending them more and more money every season and their not stupid enough to watch there "investment" shrink, which it will if they stick around.
Agreed mate, the banks will look at the lack of stadium and think we cant lend them money, the pairs position is unsustainable now even if they are stubbirn about selling, as money talks and they will be forced to sell on by the banks.
DIC look like they have a proper plan in place, even if they sell on in 7-8 years which they said they will do atleast we will be in a position to sustain ourselves financially with a new stadium and hopefully new found success!
I am sorry to be the vessell of doom, however, UNTIL Hicks & Gillette fail to meet interest/capital repayments then there is not much chance of the banks pulling the plug.
Think about it it we're LFC and there is serious money coming into the Premier league.
Why would RBS pull the plug when they are making so much money and there outlay is cast iron guaranteed safe....
As much as my heart tells me we will be ok my head says different.
Moores & Parry rot in hell for what you have done to our fabulous club.
I'm writing this with tears in my eyes as I for one hate to see what those two fat, stupid, Yankee Tw@ts have allowed to happen over the last 12 months.
Thats the sad truth
very happy to say you are wrong
RBS need to show the Hicks can make money to be able to give him more if not this come under bad lending
As it stands right now Hicks is only just making money on some of his outlays.
Hicks would been seen as to high risk to give any more loans by most banks.
Dont forget that the world is in a credit crunch due to too much bad lending.
Agreed Banks don't look at buisnesses making repayments they look at 3-5 year forcasts it's different to personal loans they need to know if they can reply this loan of for the full term not month to month.
This is why they are having reviews every 6-12 months bcos the bank are lets say cr.aping there selfs last thing they want is to shut down a club like liverpool to repay the loan as it will only bring them bad press , which is in turn bad for them buisness wise.
I can see them taking hicks to court soon if he A. doesn't get the backing to keep loan active or B. sells to some one who can keep the debts floating or pay them off all together.
Way buisness loans work is say I take a club loan in normal market of 100 million.
100 million over 15 years at 12% rate
Now in normal market you be looking at a 5 year forecast of about inflation of 5-7%.
But atm with a credit crunch the inflation is around 1-2% so any loan taken before this is going to be harder to pay of due to profits are going to fall.
So a club making a turnover of 200 million would normaly make a profit of say 50 million but atm that profit might be close to 10-15 million or maybe if market gets worse could even be a lose of 10-20 million.
So this is why banks are stressing they think where is the money comming from.
I know for fact Hicks don't have assists to surport his loans so he has to sell he just has to unless he gets another 500 mil in backing.
without sounding like a know it all and if I am wrong and I hope to god I am then someone please tell me.
regardless of the size of this loan LFC are one of the most celebrated clubs in the world and.................... there are billionaires buying clubs less prestigous than ours and talking about spending 135 mill on one player.......................
RBS have got enough common sense to know that should morecombe and wise not make the interest payments then someone would step in and cover the loan(make no mistake their collaterol is a safer bet than my wife telling me its only a game next time we lose......)
The media's coverage of the credit crunch does not take into account that banks will do anything to make money still and they will mainly squeeze existing customers (I know I work for one!!
Takeover? its not happening and we have to deal with it and just watch while they f...ck up our club.
Fat, ugly, Texan tw@t & Forrest Gimp f...k off
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