Cafe Sports

Asda
Next
GAME
Next
Sponsored Links
  #3376 (permalink)  
Old 18th March 2008, 11:34 PM
RedKnight's Avatar
Raider of the Lost Ark
  
Join Date: Jul 2005
Location: South America
Posts: 16,280
vCash: 1199
Blog Entries: 1
RedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the ProclaimersRedKnight rules harder than the Proclaimers
Re: DIC: takeover thread
Are we still being taken over?
__________________
You fuckers think just because a guy reads comics he can't start some shit?

You just couldn't let me go could you? This is what happens when an unstoppable force meets an immovable object. You truly are incorruptible aren't you? You won't kill me out of some misplaced sense of self-righteousness, and I won't kill you, because you're just too much fun. I think you and I are destined to do this forever.
Reply With Quote
  #3377 (permalink)  
Old 19th March 2008, 09:17 AM
Forumite
  
Join Date: Jul 2006
Posts: 38
vCash: 500
CaptainK is an unknown quantity
Re: DIC: takeover thread
In all of this, I think people are worrying a little bit too much on how long Hicks will be around.

It's highly likely that he will be gone eventually, but like al the preceding discussions, it is all supposition.

The more important thing is that we've seen that Gillett is desperate to sell and Hicks can't afford to buy Gillett's share.

We've also seen that with the current climate, Hicks has been unable to raise further finance through a proposed flotation of his sports "empire" which is highly leveraged anyway. We've also seen that the Amercican financial markets have suffered to an extent that means Hicks is highly unlikely to be able to find another player to buy Gillett's share. Gillett has also stated that he wouldn't sell his share to Hicks and I assume, that by extension, someone nominated by Hicks. Anyway, if you were looking to invest in the region of $250m, would you sit tight until the market conditions improve, or get into bed with a gobshite who has made quite a mess of various sporting "franchises" along the way?

The latest developments in the financial markets, would also mean that borrowing is slightly more difficult than 2-3 months ago, so any new investor that Hicks could find would probably have to have a lot of spare cash lying around.

The only buyer out there at the moment, appears to be DIC, and according to a number of people, Gillett has already agreed, in principle at least, to sell his share to them.

DIC appear to think that Hicks veto on the sale of Gillett's shares can be legally overturneed/challenged.

So where does that leave Hicks?
Reply With Quote
  #3378 (permalink)  
Old 19th March 2008, 10:26 AM
M_B M_B is offline
Forumite
  
Join Date: Dec 2005
Posts: 313
vCash: 500
M_B is likedM_B is liked
Re: DIC: takeover thread
Quote:
Originally Posted by Tom R View Post
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.
Remember that the debt is in pound Stirling (I think) so unless they use £'s generated by the club, they'll have to convert dollars to service the current debt.
Reply With Quote
  #3379 (permalink)  
Old 19th March 2008, 12:09 PM
tokyojoe's Avatar
Forumite
  
Join Date: Feb 2004
Location: In a trailer down by the river.
Posts: 1,774
vCash: 500
tokyojoe is likedtokyojoe is likedtokyojoe is likedtokyojoe is liked
Re: DIC: takeover thread
Quote:
Originally Posted by M_B View Post
Remember that the debt is in pound Stirling (I think) so unless they use £'s generated by the club, they'll have to convert dollars to service the current debt.
And the Feds dropped the interest rate again yesterday, which weakens the dollar.
Reply With Quote
  #3380 (permalink)  
Old 19th March 2008, 02:35 PM
captainharris's Avatar
Camarero!
  
Join Date: Jan 2004
Location: L3
Posts: 2,484
vCash: 700
captainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud ofcaptainharris has much to be proud of
Re: DIC: takeover thread
Quote:
Originally Posted by tokyojoe View Post
And the Feds dropped the interest rate again yesterday, which weakens the dollar.
Are you from Preston?
__________________
There should be a bit of Spandau here to entertain you all. But the forum Nazis kicked off so you'll just have to have this small dot instead


.
Reply With Quote
  #3381 (permalink)  
Old 19th March 2008, 03:09 PM
redrosetints's Avatar
Would you like a cup of T
  
Join Date: Sep 2004
Location: In the shires, sorry an OOTer
Posts: 5,257
vCash: 425
redrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud ofredrosetints has much to be proud of
Re: DIC: takeover thread
Quote:
Originally Posted by ratcatcher View Post
People need to think this through. Its very unlikely this credit squeeze will last 12 months never mind 18! It'll probably start improving in the next 3 months and possibly be well on the way to being forgotten in 6 to 12 months.

The Fed has just announced a massive cut in US interest rates. The Bank of Engaln and European central Bank are both injecting billions of pounds \ euros into the banking system.

Yes, things could be as tough as they are now in 18 months time but its highly unlikely. A more likely scenario is the credit squeeze has passed but left some casualties in 6 to 12 months or have gone away completely.
Dude, it's all about confidence and there is none now and won't be for a good while yet, 2 or 3 years chap at least.
__________________
I believe what I said yesterday. I don't know what I said, but I know what I think, and, well, I assume it's what I said - Donald Rumsfeld

It's not my ego, it's my responsibility. I need to take care of my team, my squad and club. -Rafa
Reply With Quote
  #3382 (permalink)  
Old 19th March 2008, 04:45 PM
col06's Avatar
Forumite
  
Join Date: Mar 2006
Posts: 599
vCash: 500
col06 is liked
Re: DIC: takeover thread
Quote:
Originally Posted by captainharris View Post
Are you from Preston?
i am
Reply With Quote
  #3383 (permalink)  
Old 19th March 2008, 05:42 PM
thechap's Avatar
8 Ace = £1.49
  
Join Date: Jun 2003
Location: One foot in the grave
Posts: 1,520
vCash: 500
thechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud ofthechap has much to be proud of
Re: DIC: takeover thread
Quote:
Originally Posted by redrosetints View Post
2 or 3 years chap at least.
I'm confident now, thank you!
__________________
The older I get, the more sudden the urge to poo.
Reply With Quote
  #3384 (permalink)  
Old 19th March 2008, 05:47 PM
Section_31's Avatar
Thrawn
  
Join Date: Sep 2005
Location: Gary, Indiana
Posts: 13,265
vCash: 500
Section_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the ProclaimersSection_31 rules harder than the Proclaimers
Re: DIC: takeover thread
The credit crunch has come at a great time, seeing the western world in financial ruins is a small price to pay indeed if it means getting that Texan twat out.

On a lighter note, I don“t have a mortgage or any credit cards, jobs a good“un.
__________________
Quote:
Originally Posted by Joe Strummer View Post
Fucking skanky fat Wire sweat.
Reply With Quote
  #3385 (permalink)  
Old 19th March 2008, 06:43 PM
Cardie √ Cardie is offline
(please set custom title)
  
Join Date: Jun 2004
Posts: 8,116
vCash: 500
Cardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the ProclaimersCardie rules harder than the Proclaimers
Re: DIC: takeover thread
The Maggie Thatcher of threads.
__________________
Churches have condemned Super Casino, saying gambling offers a false hope to the impoverished......who should instead be putting their faith in a shiny bearded man who lives on a cloud.
Reply With Quote
  #3386 (permalink)  
Old 19th March 2008, 09:08 PM
Rashid's Avatar
BANNED
  
Join Date: Nov 2002
Location: unknown
Posts: 24,735
vCash: 500
Rashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud of
Re: DIC: takeover thread
Dunk reporting on the Insider that Hicks is about to sell to DIC.
Reply With Quote
  #3387 (permalink)  
Old 19th March 2008, 09:10 PM
snez1's Avatar
snez1 √ snez1 is offline
(please set custom title)
  
Join Date: Nov 2005
Location: Ormskirk
Posts: 2,745
vCash: 500
snez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud ofsnez1 has much to be proud of
Re: DIC: takeover thread
Matter of days.
__________________
"You're not gonna believe this. The guy killed 16 Czechoslovakians. He was an interior decorator."
Reply With Quote
  #3388 (permalink)  
Old 19th March 2008, 09:13 PM
Ulysses Everett McGill's Avatar
A man of constant sorrow
  
Join Date: May 2003
Location: unknown
Posts: 2,796
vCash: 1500
Ulysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the ProclaimersUlysses Everett McGill rules harder than the Proclaimers
Re: DIC: takeover thread
Quote:
Originally Posted by Rashid View Post
Dunk reporting on the Insider that Hicks is about to sell to DIC.
Not happening

Unless things have changed dramatically in the last 24 hours
__________________
He doesn't look a thing like Jesus, but he talks like a gentleman
Reply With Quote
  #3389 (permalink)  
Old 19th March 2008, 09:14 PM
TK421's Avatar
Arcade King
  
Join Date: Jan 2006
Location: London
Posts: 12,637
vCash: 1931
TK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the ProclaimersTK421 rules harder than the Proclaimers
Re: DIC: takeover thread
Just another fat cunt trying to make money.
__________________
Hello welcome to Burger Shot how may I help you

http://www.thegreatcornholio.com/cor.../cornholio.htm
Reply With Quote
  #3390 (permalink)  
Old 19th March 2008, 09:15 PM
hamstrung's Avatar
Ain't no thing
  
Join Date: May 2005
Posts: 10,952
vCash: 1227
hamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimershamstrung rules harder than the Proclaimers
Re: DIC: takeover thread
Why bother posting what that fat cunt thinks?

It should be a pre-requisite to membership of any other LFC site that you don't have membership at that shithole of a site.
__________________
"I'm just a humble motherfucker with a big-ass dick"
Reply With Quote
  #3391 (permalink)  
Old 19th March 2008, 09:17 PM
Rashid's Avatar
BANNED
  
Join Date: Nov 2002
Location: unknown
Posts: 24,735
vCash: 500
Rashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud ofRashid has much to be proud of
Re: DIC: takeover thread
Nah mate, someone posted it on EST1892.
Reply With Quote