Co-owner Hicks looks for outside backing to take control of Liverpool

[Moschops II]

Having debt is riskier but I dont think it is really a worry in the case of us building a bit bigger stadium with boxes.

 

Stadium? Do you mean the piece of paper with the pretty drawings on it?

[Dropkick]

That's a big if though, and who's gonna want to sit in those boxes if we're fighting it out for UEFA cup places because we can't afford decent players due to cripling repayments?

 

Hicks just wants to get the stadium built so he can flog us for more money.

 

What is an if. If we dont build the stadium then there isnt the debt.

[sinbad]

What is an if. If we dont build the stadium then there isnt the debt.

 

Really? so what the f*ck was that £350 million they lumped on the club last month.

[Unrighteous]

I need to learn how to use a sniper rifle. Quickly, it seems.

[aws]

What is an if. If we dont build the stadium then there isnt the debt.

 

Thet've already borrowed £350m in the club's name so they could repay themselves all the money they spent to buy the club and on Torres,Babel etc. Currently they haven't spent a single penny of their own cash on anything.

 

If the stadium proceeds it will be on the basis of an extra £300m of debt on the club (not out of their own pockets).

[JRD7]

Oh Fuck - just listening to The Game (the times) podcast, and balague is over in dubai at the moment meeting "with the people who want to buy Liverpool to find out what's going on"

 

The latest information coming to Marcotti was that DIC have made a final take it or leave it offer and given him till the end of the week (didn't say which day that is classed as) to accept it, and in their words "he'd better accept it this time or we're off for good"

 

they then speculated (as they have no one meeting anyone in the Hicks camp) that Hicks would probably just laugh at them as they said that last time so won't take them seriously.

 

Seems like this could be a pivotal week.

 

Anyone got any sources to comment on this?

 

Seems very genuine information from the parties involved. Alison Rudd is on there too, and she's a red.

[Unrighteous]

Thet've already borrowed £350m in the club's name so they could repay themselves all the money they spent to buy the club and on Torres,Babel etc. Currently they haven't spent a single penny of their own cash on anything.

 

If the stadium proceeds it will be on the basis of an extra £300m of debt on the club (not out of their own pockets).

 

Part of the initial loan was to pay for the beginning work on the grounds. We will be £600,000,000(or more depending on material prices) in debt if/when it's finally built.

[Dropkick]

Thet've already borrowed £350m in the club's name so they could repay themselves all the money they spent to buy the club and on Torres,Babel etc. Currently they haven't spent a single penny of their own cash on anything.

 

If the stadium proceeds it will be on the basis of an extra £300m of debt on the club (not out of their own pockets).

 

As long as the club manages the risk sensibly there is no big difference to borrowing the money. There is some tax advantage to using debt. What matters to us is that enough money is invested not where it comes from. There is no free money. It all wants to receive a return somehow. Except for Abramovich's.

[WaltonRed]

Its coming, Ballague is there for when the news breaks and he can get the scoop.

 

Well it is Tuesday tomorrow!

[Dicko]

As long as the club manages the risk sensibly there is no big difference to borrowing the money. There is some tax advantage to using debt. What matters to us is that enough money is invested not where it comes from. There is no free money. It all wants to receive a return somehow. Except for Abramovich's.

 

We have borrowed £350m to purcase the club Hicks has to find £175m to buy out Gillett which will probably end up being paid by us as a dividend and we also have to find another £300m for the rest of the stadium providing it gets past planning.

 

That's a debt of £825m possibly more if the price of the stadium rises. At best the lowest the debt will be is £700m. How is this a good thing? And how do we compete in the 4 or 5 years it will take us to build the stadium? If we can't compete how do we stay in the top 4? If we don't finish in the top 4 what is likely to happen? Being that we are now the only club that needs to finish in the top 4.

[Dropkick]

We have borrowed £350m to purcase the club Hicks has to find £175m to buy out Gillett which will probably end up being paid by us as a dividend and we also have to find another £300m for the rest of the stadium providing it gets past planning.

 

That's a debt of £825m possibly more if the price of the stadium rises. At best the lowest the debt will be is £700m. How is this a good thing? And how do we compete in the 4 or 5 years it will take us to build the stadium? If we can't compete how do we stay in the top 4? If we don't finish in the top 4 what is likely to happen? Being that we are now the only club that needs to finish in the top 4.

 

That means we invest £750m minus the cost of the buyout in the club how is that a bad thing.

 

They should manage it so that we dont have to finish in the top four then there is no problem.