Originally Posted by fivetimes
Ha anyone thought that he would just sell some of our better players if the money doesnt come in through the club?
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I've been saying it for a while.
Originally Posted by Kaizer Sauze
I doubt even he is that stupid
Well at least not in the short term as we are about to endure the mother of all PR offences on behalf on Hicks
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I don't know how long they've got until they actually have to pay the interest, if it's in a few instalments or if it just works out that to pay the loan off in 16 months' time they have to pay £350m + the interest. (Or for that matter if the £350m includes the interest, although I doubt it).
But when it comes due, assuming they're both still here then, Hicks and Gillett will either have to get the money from the club or find the money themselves. If they can't get it from the club nicely, out of profits, then they have to decide if they want to pay it themselves. And I doubt either of them has a spare £12m-£15m in cash lying around.
So then it's down to a choice between flogging their own assets (which will be worth less), having their own assets taken off them anyway (which will be worth even less) or flogging players to pay the interest.
That may be the point where they finally give in and sell the club, but they might actually be naive enough to think that selling Torres and getting Owen on a free (for example) would work!
Originally Posted by Alias75
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.
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I don't fully understand if my next statement holds water or is as incontinent as an old lady on a roller coaster. If the dollar is going to drop in value, does that not make it worth hanging on longer to LFC? Forget the credit problems for a while, say they kept us for six months. Using very simplified figures, say they've just turned down £250m each, which is $500m (based on $2 to the quid). In six months the dollar has gone to $2.50 per quid (I said it was simplified). If the offer for £250m is still on the table and accepted, that is now equivalent to $625m. Obviously (?) we aren't going to see the dollar get to that kind of figure, but when you're talking hundreds of millions of dollars it does all mount up. Every 10 cent difference an extra $25m compared to now.