Benny The Noon » Mon Jun 24, 2013 10:21 am wrote:We were never going to fold. And they have so far been in charge whilst our club is going through its worse period - 3 managers so far , one director of football , numerous communication officers , mistreatment of a club legend , nothing on stadium and plenty more.
Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold. And they have so far been in charge whilst our club is going through its worse period - 3 managers so far , one director of football , numerous communication officers , mistreatment of a club legend , nothing on stadium and plenty more.
Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold.
“Would we have gone into administration?” ponders Ayre. “Certainly the bank had the power to call in the debt and at the time there wasn’t anyone ready to take on that debt. So I guess the answer to that is yes.
“The most difficult part of it was that it was a financial issue; the ability of the club to continue to invest in the team with the growing level of debt that existed.
“The commercial part of the business was continuing to grow but the disenfranchising of fans started to kill even that.
“What you had was a domino effect of things.
“The servicing became harder because the revenues became smaller.”
SouthCoastShankly » Mon Jun 24, 2013 11:30 am wrote:Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold.
Most naive award goes to...
Aside from your nonsense, the reality was were weeks away from administration.
Immediately prior to the FSG buy out we were due £280M to RBS. In the event that RBS pursued administration, the league offered little indication they would bail us out. Even if they did, at what cost? 9 points? More, risk of relegation?
There was no chance whatsoever of RBS extending the loan. They were being swallowed by the financial crisis since the wall street crash - our existence didn't even register to them, them wanted the money they were owed and would pursue at any cost. Even if that cost was the liquidation of one of footballs most famous sides.
Ian Ayres confirmed this state himself -“Would we have gone into administration?” ponders Ayre. “Certainly the bank had the power to call in the debt and at the time there wasn’t anyone ready to take on that debt. So I guess the answer to that is yes.
“The most difficult part of it was that it was a financial issue; the ability of the club to continue to invest in the team with the growing level of debt that existed.
“The commercial part of the business was continuing to grow but the disenfranchising of fans started to kill even that.
“What you had was a domino effect of things.
“The servicing became harder because the revenues became smaller.”
Kenny Kan » Mon Jun 24, 2013 11:09 am wrote:Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold. And they have so far been in charge whilst our club is going through its worse period - 3 managers so far , one director of football , numerous communication officers , mistreatment of a club legend , nothing on stadium and plenty more.
Our worst period was under H&G. How you claim otherwise only Fowler knows.
Also, to put your disingenuous point into context, Woy was here before FSG and you certainly wouldn't be happy if he was here still to ensure the manager no. under them remained #1; he had to be sacked but was appointed by someone else. Kenny was signed under pressure and nostalgia, many thought it'd work, unfortunately it didn't.
So, to put it into context, it can be argued that Rodgers is FSG's first independently placed manager of their choice to work for them.
Benny The Noon » Mon Jun 24, 2013 11:02 am wrote:Kenny Kan » Mon Jun 24, 2013 11:09 am wrote:Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold. And they have so far been in charge whilst our club is going through its worse period - 3 managers so far , one director of football , numerous communication officers , mistreatment of a club legend , nothing on stadium and plenty more.
Our worst period was under H&G. How you claim otherwise only Fowler knows.
Also, to put your disingenuous point into context, Woy was here before FSG and you certainly wouldn't be happy if he was here still to ensure the manager no. under them remained #1; he had to be sacked but was appointed by someone else. Kenny was signed under pressure and nostalgia, many thought it'd work, unfortunately it didn't.
So, to put it into context, it can be argued that Rodgers is FSG's first independently placed manager of their choice to work for them.
Under H@G we were in the CL every season bar one - reached a CL final and had our best prem finish for years.
Under FSG we haven't been above 7th I think.
Benny The Noon » Mon Jun 24, 2013 10:59 am wrote:SouthCoastShankly » Mon Jun 24, 2013 11:30 am wrote:Benny The Noon » Mon Jun 24, 2013 9:21 am wrote:We were never going to fold.
Most naive award goes to...
Aside from your nonsense, the reality was were weeks away from administration.
Immediately prior to the FSG buy out we were due £280M to RBS. In the event that RBS pursued administration, the league offered little indication they would bail us out. Even if they did, at what cost? 9 points? More, risk of relegation?
There was no chance whatsoever of RBS extending the loan. They were being swallowed by the financial crisis since the wall street crash - our existence didn't even register to them, them wanted the money they were owed and would pursue at any cost. Even if that cost was the liquidation of one of footballs most famous sides.
Ian Ayres confirmed this state himself -“Would we have gone into administration?” ponders Ayre. “Certainly the bank had the power to call in the debt and at the time there wasn’t anyone ready to take on that debt. So I guess the answer to that is yes.
“The most difficult part of it was that it was a financial issue; the ability of the club to continue to invest in the team with the growing level of debt that existed.
“The commercial part of the business was continuing to grow but the disenfranchising of fans started to kill even that.
“What you had was a domino effect of things.
“The servicing became harder because the revenues became smaller.”
So we wouldn't have folded then ? Possible Administration but not folding as a club.
Benny The Noon » Mon Jun 24, 2013 11:27 am wrote:Yes I would rather FSG but that wasnt the point was it.
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