Originally Posted by Tom R
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.
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But Liverpool FC isn't Hicks' only business and he funds them all in the same way i.e bank loans so all of his business are affected by the credit crunch. Theres also the plunging value of the dollar which is already having an effect on his wealth.
He can try and wait and hope the financial situation improves but thats a huge gamble to take when he has profit on the table now, the longer he waits the worse the US economy gets and the less and less negotiating power he has.