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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All true. All I'm saying is that this bank crashing won't have any immediate impacty. None at all. When it comes to RE-financing, well that's a different matter altogether. But that's almost 2 years away. In the meantime, what the financial markets do won't make a flying shit bit of difference as long as people keep spending money at LFC.