Both debts to be paid by club

[Carra_is_legend]

Originally Posted by spider-neil if we're being honest virtually all takeovers happen in this manner, with hindsight we should have gone with the people best equipped to take us forward even if it meant less money for the shareholders. with the DIC they would have more than likely loaded debt onto the club but it would have been at a lower rate of interest and almost certainly the stadium would have been started by now.

No mate - not all takeovers follow that pattern. Glazer started it, G&H just did it cleverly by denying it at the start. Moores, Parry and LFC were there for the taking. I bet G&H laughed their heads off after signing the take over papers.

Moores is thick and stupid. Parry is a waste of space. Didn't he say that the Arsenal deal with Emirates for the stadium naming rights was an "eye opener"? Shouldn't a chief exective be looking out for opportunities like this rather than looking at others and saying "wow".

We should have followed Arsenal's example. Unfortunately, we never had the chairman or CEO clever enough to do that.

[Anny Road]

Originally Posted by Moschops II There were plenty of people both on here and "out there" who were very, very dubious about Hicks and Gillett from the off. I realise about 90% of your posts are just rants about how naive/financially illiterate your fellow fans are, but the fact "you" bought it doesn't mean "we" did. In any case, I'd have loved to have seen the reaction had anyone ventured at the time of the deal going through that this kind of thing would happen. At the time, if you as much as said we might not out-spend every other club in the Premiership put together, you were moaned at for being a "doom monger."

I confess I bought it hook line and sinker. I may have looked into it a bit more if I was doing the selling or I may have taken the extra millions and trusted G+H as Moores appears to have done. Who knows.

[Zippy]

Originally Posted by Anny Road I confess I bought it hook line and sinker. I may have looked into it a bit more if I was doing the selling or I may have taken the extra millions and trusted G+H as Moores appears to have done. Who knows.

I could be wrong here but I feel that most of the people who fell for it did so because they believed that Moores and Parry would have taken all due care and consideration to sell the "family silver" as they called it (that they had done their homework as Parry promised in my signature). As a result many fans gave the yanks the benefit of the doubt as few fans would believe that Moores and Parry would be that greedy, ruthless or inept to sell without a thorough background check. They obviously didn't check so they obviously mett at least one of those criterion and possibly all of them depending on your point of view.

[aws]

Originally Posted by Zippy I could be wrong here but I feel that most of the people who fell for it did so because they believed that Moores and Parry would have taken all due care and consideration to sell the "family silver" as they called it (that they had done their homework as Parry promised in my signature). As a result many fans gave the yanks the benefit of the doubt as few fans would believe that Moores and Parry would be that greedy, ruthless or inept to sell without a thorough background check. They obviously didn't check so they obviously mett at least one of those criterion and possibly all of them depending on your point of view.

I don't think it was unreasonable for people to give the yanks the benefit of the doubt but there were loads who got too carried away by the promises of wads of dollars.

[spider-neil]

the thing I thought was stange was the DIC taking months for due dilligence but the yanks days.

'spider sense tingling'

[jackofdk]

Originally Posted by Rashid Kraft would be a great owner but I am somewhat dismayed that he is "already frightened" of spending money on players.

Rather him than DIC. He's got a proven track record of sporting excellence with the Patriots and his values seem very much in line with the Liverpool way ie. team over individuals.

[Cardie]

Originally Posted by Rashid Kraft would be a great owner but I am somewhat dismayed that he is "already frightened" of spending money on players.

Any investor should be scared of the amount of money spent on players in football. It's not quite as bad as it was at the turn of the century but it's slowly creeping back up to that level.

Don't think his philosophy (or that of the Patriots coaches) fit's in with how you think we should be run if he tried to bring the same ideas here.

I can only imagine your reaction if we applied the patriots model and brought in the 'soccer' equivalent of Junior Seau as a summer recruit.

Infact the patriots philosophy ties in with what Benitez has tried to do with us, it's not about signing the most expensive glamorous player they can find(say goodbye to 'the policy') and more to do with signing the right player. If that's an ageing veteran or a fading star then so be it if it fit's in with what the manager is trying to achieive.

[m.c]

Just seen the Kraft interview on SSN. Did anyone else think he knew that question was coming. Seemed to have the answers all ready worked out.

[RoboRiise]

Originally Posted by jackofdk I like the way Barrett tells it like it is, refreshing. Too few journos does that.

Me too but considering the way the club apparently froze out Bascombe, I wonder if he needs to watch his step in case this kind of thing bites him in the arse a few months down the line?

Having said that, from his blog etc. he comes across as enough of a fan that he'd find it difficult to rein himself in too much in the face of the financial sodomy being perpetrated at the moment. No bad thing in my opinion; the best sports writers are usually either completely neutral or fiercely biased.



I assume the story itself is mainly there to explain things to the intellectually challenged, namely that whilst part of the debt is on the holding company, that company has exactly one asset - Liverpool Football Club. It's not difficult, this stuff.

I thought this quote from Hicks's PR consultants was great (although that's probably a good thing because you can bet a pound to a pinch of shit that we're paying for them as well):

A spokesman from Financial Dynamics, the City PR company representing Hicks, said: “The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop’s ownership, under the terms of the financing package, is prepared to fund whatever is required. “The debt is being handled exactly as it is handled at the vast majority of professional sports teams.”

Don't worry though, we'll make sure we slash the transfer budget and raise the price of tickets, refreshments and replica shirts before that happens.