Originally Posted by Alias75
Thats not true you have to remember that Liverpool isnt the only one of Hicks' businesses that is funded this way. All of his businesses are funded with bank loans that need servicing at various times.
You also have to remember that the particular loan he took out to buy Liverpool is one that needs to be serviced in less than 18 months time, so while your right that he borrowed at a set rate and a fixed period that has to be done again in less than 18 months by which time the financial situation in the US could be much worse and then he'd have huge problems getting someone to loan him the money especially if his overall financial situation is weaker than it currently is.
I think if the credit crunch continues all of Hicks' businesses will be affected which obviously makes a sale of his share much more of a possibility. If he leaves it too long, he loses any potential bargaining power he may currently have.
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Well, if they keep up with the payments for the 18 months, why would the bank refuse them money in 18 months? Banks will see us as a stable business and would only be happy to lend the money. They have to lend money to make money and would only be happy to lend money to stable businesses.
Tom is right - the only way to hit them is to hit them in their pockets.