Liverpool FC Forum

by **burjennio** » Sat Jul 03, 2010 12:46 am

Can I ask the Mods here to close the Takeover thread and open a new one so we dont get any more of the posts not appearing? Its kind a frustrating havin to read the posts in reverse order when you have to click reply to see the last dozen posts.

by **Reg** » Sat Jul 03, 2010 2:28 am

We've had this problem for a year now, the next page opens prematurely so you just have to go back a page until it completes, then the new page will spring into action. No sweat.

I blame the owners! :laugh:

by **The Good Yank** » Sat Jul 03, 2010 3:22 am

Reg wrote:We've had this problem for a year now, the next page opens prematurely so you just have to go back a page until it completes, then the new page will spring into action. No sweat.

I blame the owners!

off. It's Rafa's fault. Or Lucas' or Kuyt.

by **The Raven** » Sat Jul 03, 2010 7:01 am

The Good Yank wrote:
Reg wrote:We've had this problem for a year now, the next page opens prematurely so you just have to go back a page until it completes, then the new page will spring into action. No sweat.

I blame the owners!

off. It's Rafa's fault. Or Lucas' or Kuyt.

No offence but its clearly lucas fault. It always was and always will be.

by **NANNY RED** » Sat Jul 03, 2010 12:30 pm

Astounded , why the fu,ck did you lend them two much money in the first place you stupid bas.tards , and you continue to do it. feck off

Liverpool Echo.

LIVERPOOL FC’s American owners borrowed “too much” money when they bought the club, the boss of the bank which loaned them the cash has said.

The bulk of the Reds’ £237m is owed to the government-owned Royal Bank of Scotland (RBS).

Tom Hicks and George Gillett bought Liverpool from majority shareholder David Moores in 2007 for £219m.

But they incorporated their borrowings into the club’s debt and the interest costs have seen the original figure soar.

RBS and another lender, Wachovia, were originally expecting £100m to be repayed this summer.

But in the spring, they allowed Mr Hicks and Mr Gillett another six months to find a buyer for the club and repay the debt.

In an exclusive interview with the ECHO today, RBS chief executive Stephen Hester said before the credit crunch too many businesses, including Liverpool FC, took on too much debt.

He said: “With hindsight, I think there are some businesses which borrowed too much money and Liverpool FC was one of them.”

His comments came less than 24 hours after Anfield chairman Martin Broughton admitted there had so far been no offers for the club.

But he added: “There are a number of interested parties. There is no specific deadline. We are looking to the middle of July-ish for a first round of bids.

“The process is well underway. I have been brought in to oversee the sale process.

“The two owners have stepped aside. Barclays Capital is running the process.”

Mr Hester was speaking after addressing members of Liverpool Chamber of Commerce at a breakfast event at the city’s Hope Street Hotel.

Recently he found himself on the receiving end of an email campaign by Reds’ fans urging him to reconsider the financing deal with the club.

He added: “It is very clear Liverpool FC has a huge resonance with many people.

“We understand that and we try to be extra-sensitive in the way we behave.

“I think like any business we have to be sensitive to the context in which we are doing business.

“That is why we have been exceptionally understanding when working with this issue.

“It seems to me that it is in everyone’s interest to have an early resolution.

“Everyone involved is working hard to try to get that but it has to be the right resolution.

“I think obviously the club needs to have stability for the future and that is not just a question of ownership.

“It is not just about who owns the club, but also about what their plans are.

“We have not starved Liverpool of money and we have been working closely with the owners.

“But I think all football clubs in the UK would say borrowing in the future is likely to be lower than it has been in the past.”

On Wednesday, Liverpool unveiled former Fulham boss Roy Hodgson as their new manager.

At the press conference, Mr Broughton said the new coach was the right man to bring some stability to the club.

He also gave a very public assurance that Liverpool will not be forced to sell star players like Steven Gerrard and Fernando Torres in order to service their debts.

He said: “We do not need the money. We do not have any desire or need to sell players to pay down debt.”

The chairman also insisted that the process of selecting a new owner would be as carefully done as choosing the manager was.

He added: “This is an auction. When the winning bid comes through, we will do a deal with the best bidder.

“The best bidder may not be the highest bidder. This is more than just money. It is about the stadium development, it’s about the team, it’s about the whole piece.

“Once we go through that process, the best bidder gets it.”

by **metalhead** » Sun Jul 04, 2010 12:10 pm

I spoke to someone who said some interesting thing about shaikh khalifa rumor. He told me he isn't the one interested, but his sons are, they haven't offered anything yet its because to do with politics with sheikh khalifa's brother who owns man city. It was never in the F.A table because of the brother dispute, it was actually in their own table(the sheikhs). No bids happened, and I don't think there will be a bid anytime soon from them unless Man City owners give the go ahead to their brothers

by **bunglemark2** » Sun Jul 04, 2010 3:00 pm

metalhead wrote:I spoke to someone who said some interesting thing about ....

That post starts like a post from Lakes....

Couldn't read the rest after that ....

by **metalhead** » Sun Jul 04, 2010 4:51 pm

LOL you don't have to...

I'm just sharing

by **fergieisawhiskeynosedtw@t** » Sun Jul 04, 2010 10:06 pm

bunglemark2 wrote:
JohnBull wrote:FFS There are people here writing-off Roy Hodgson before a
team's been picked !!!

Jesus H - Give the guy a chance.
I was just a lad at the time
but I'm friggin sure me Dad didn'tknow much about Shanks
when he signed and I didn't think for a minute that Bob Paisley
was going to be as successful as he was when he took over.

You never know with these things but to be writing Roy off at
this stage is absolutely stupid.

He's sixty-feckin'-two, for chrissakes....

so's yer missus son

what's your point? :rasp

by **devaney** » Mon Jul 05, 2010 6:20 pm

fergieisawhiskeynosedtw@t wrote:
bunglemark2 wrote:
JohnBull wrote:FFS There are people here writing-off Roy Hodgson before a
team's been picked !!!

Jesus H - Give the guy a chance.
I was just a lad at the time
but I'm friggin sure me Dad didn'tknow much about Shanks
when he signed and I didn't think for a minute that Bob Paisley
was going to be as successful as he was when he took over.

You never know with these things but to be writing Roy off at
this stage is absolutely stupid.

He's sixty-feckin'-two, for chrissakes....

so's yer missus son

what's your point?

What's wrong with 62 you ageist t.wat !!!! LOL - now where did I put me incontinence pants !!

by **devaney** » Mon Jul 05, 2010 6:24 pm

Just what is Liverpool's debt. In the Daily Mail today I read that we owe £472m !! I know we owe RBS and Watchovia £237m but what is the rest and is the figure correct. I read in some other rag only recently that our debt is £350m. Have our delightful money grabbing owners borrowed more money from other lenders? Does anybody know the correct figure please?

by **tubby** » Mon Jul 05, 2010 6:26 pm

I think it came out a few months ago that it was over 400 now... not sure of the exact figure

by **The Good Yank** » Mon Jul 05, 2010 10:48 pm

bavlondon wrote:I think it came out a few months ago that it was over 400 now... not sure of the exact figure

Correct me if I'm wrong but I thought those figures were based on the end of 08-09. Before the refinancing last summer H&G needed to put up 60million each and therefore the debt was paid down to the 250ish mark.

by **Ciggy** » Mon Jul 05, 2010 11:09 pm

The Good Yank wrote:
bavlondon wrote:I think it came out a few months ago that it was over 400 now... not sure of the exact figure

Correct me if I'm wrong but I thought those figures were based on the end of 08-09. Before the refinancing last summer H&G needed to put up 60million each and therefore the debt was paid down to the 250ish mark.

They actually lent us that 120 million from an off shore account in the Cayman Islands and we are paying them back at a 10% interest rate. So they have actually put zero in.

by **Penguins** » Mon Jul 05, 2010 11:14 pm

Call me stupid but I just don't see why a buyer should fork out 4-500 million now when they have all the leverage in the world...

The vermin are leaking money and it is a forgone conclusion that they can not go on as owners.

Even if the club will suffer in the meantime, why not wait until RBS has had enough, bid 200 million and let the vermin's personal guarantees take care of the rest?

Having to pay 2-300 million less would be the smarter choice.

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