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The RBS plan kicks off tomorrow night please Join. if you havent already.


Guest simon
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If RBS leave, the cunts will simply get the money from the junk bond market like the Glazers have

 

Not only does that mean we pay even more fucking interest, we have even less influence as at least RBS give a small fuck about UK publicity.

Once the debt is held by an annoymous bond-holder, we won't even know who it is & they won't give a flying fuck.

 

Wouldnt they have already of done this if they could? Im sure Hicks had tried the above along with hedge funds etc.

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Something needs to be done. Too long have we all read of people giving out about the cowboys but yet nothing is done. This is your chance to do something. A simple email.

 

Sending the email will only take a couple of minutes of your time. If we can get 1,000 emails hitting the RBS tonight, it will get the ball rolling.

 

Cheers to all who have sent it already.

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The Royal Bank of Scotland have previously responded to Liverpool fans on the 25th of June 2009, so it is worth sending the email.

 

Thank you for your email expressing concern about RBS' banking arrangements with Liverpool FC and it current owners. We are aware of the strength of feeling of a number of fans on this matter and have corresponded with many during the course of the past year or so.

Perhaps I can start by putting RBS relationship with Liverpool FC in context. RBS is the main banker to the Club including all of its operating accounts, cash management, online banking, automated payments, and credit card processing to facilitate ticket sales and retail merchandising. We also provide a credit facility to support the Club’s working capital requirements and a letter of credit facility to facilitate the purchase of players from non-Premiership Clubs, along with a loan facility for design, planning and other preparatory work for the proposed new stadium at Stanley Park. We have set out to establish a long term relationship with the Club, and we look forward to this continuing for many years to come.

We also lent money to the Club’s parent, Kop Football Limited, so that it could repay debt which was on the balance sheet of the Club at the time of its acquisition by George Gillett and Tom Hicks. This is the only portion of Kop Football’s bank debt for which the Club is legally responsible. We took great care when making our original loan in early 2007 and when refinancing it last January to distinguish between obligations of the Club, primarily those outlined above, and obligations of its parent company, the latter being secured by personal guarantees and collateral from the owners and a pledge of the shares they own in the Club. As a result the Club does not suffer the burden of debt implied by a lot of the recent press reports and, in our view and that of the executive management of the Club, it is financially healthy and able to service comfortably its debt obligations from cash flow generated by its playing and commercial activities. It is in our commercial interest to support the Club in the manner described above so that it can continue to perform successfully on and off the pitch.

As far as the Government is concerned, they have been very clear that they do not wish to exercise day to day control over RBS or make commercial decisions for us. Indeed they set up an independent body, UKFI, to oversee the Government’s shareholding in RBS, so matters such as strategy and governance can be agreed, while they leave commercially related matters to us.

RBS attaches a great deal of value to being associated with Liverpool FC. I hope my comments reassures you as to the strength and depth of our relationship with the Club and that we will endeavour to contribute to its long term health and success.

Kind Regards,

 

 

 

Roger Lowry

Head of Group Public Affairs

Royal Bank of Scotland Group

280 Bishopsgate

London

EC2M 4RB

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Fair play to you Simon (although they you were a little sharp on Odris!)

 

I think it's good that you are being proactive and trying to raise awareness\get something done.

 

My own personal view is that if people feel this strongly they should boycott the games. Without question this will have the biggest impact. I know people have many reasons for doing this, but it will certainly make the biggest difference.

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