Jump to content

  • Sign up for free and receive a month's subscription

    You are viewing this page as a guest. That means you are either a member who has not logged in, or you have not yet registered with us. Signing up for an account only takes a minute and it means you will no longer see this annoying box! It will also allow you to get involved with our friendly(ish!) community and take part in the discussions on our forums. And because we're feeling generous, if you sign up for a free account we will give you a month's free trial access to our subscriber only content with no obligation to commit. Register an account and then send a private message to @dave u and he'll hook you up with a subscription.

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

Guest simon

By Guest simon,
in FF - Football Forum

 Share

Recommended Posts

  • Replies 449
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Chinandeler Bong Mentor

Chinandeler Bong

Posted
Posted

Tom Hicks and George Gillett Jr are holding out for an offer of at least £600 million for Liverpool, but have yet to find a serious buyer more than a month after putting the club on the market.

 

The Times has learnt that while that is the price tag set by the American owners, Royal Bank of Scotland (RBS), the club’s lender, values Liverpool at closer to £400 million and may put pressure on the pair to lower their demands to secure a sale.

 

RBS declined to comment, but sources close to the bank said that frustration with the unpopular Americans is growing.

 

Liverpool’s £290 million loan from RBS and Wachovia, the American bank, formally expires in July, which ordinarily would have precipitated a debt crisis at the club. But Hicks and Gillett gained an informal agreement with lenders last month to get an extension on the loan in return for a promise that they would sell up.

 

The banks granted Liverpool a non-binding assurance that cash will continue to be available next season. The promise was essential because Martin Broughton, the club’s recently appointed chairman, had to appear before the Premier League to give a commitment that they would be able to fulfil their fixtures.

 

Accounts published by the club a fortnight ago disclosed the extent of Liverpool’s financial malaise. As of July 31 last year, the club’s total debts were £472.5 million — Kop Holdings, the company that owns Liverpool, is responsible for £351 million — and they are paying £40.1 million interest on their bank loans.

 

KPMG, the club’s auditor, expressed a “material uncertainty” about Liverpool’s ability to continue as a going concern, the second year running it has made that assessment of the club’s finances.

 

RBS is expected to bankroll Liverpool long enough for the Americans to find a buyer. But while it is not in RBS’s commercial interest to make Hicks and Gillett forced sellers of the club, the bank’s patience is not infinite and it is likely to start to apply pressure on the Americans to cut the price if no credible bidder has appeared by the start of next season.

 

Broughton, who is facing down the unions over strike action in his role as chairman of British Airways, has said that he will stay on at Liverpool only until the club are sold. He has already told The Times that he expected a sale to go through “within a matter of months”.

 

The market valuation of Liverpool is about £350 million, lower even than what RBS believes the club are worth.

 

RBS is losing patience with pair’s inflated asking price | Liverpool - Times Online

Link to comment
Share on other sites
StevieH Grand Master

StevieH

Posted
Posted

david.wood@barclayscapital.com; marek.robertson@barclayscapital.com; ets.eu@barclayscapital.com; andrew.challis@barclayscapital.com; george.austin@barclayscapital.com; marina.pujos@barclayscapital.com; george.karvounis@barclayscapital.com; stuart.urquhart@barclayscapital.com; tony.ansell@barclayscapital.com; david.sellen@barclayscapital.com; alistair.duff@barclayscapital.com; RXEquitiesAP@barclayscapital.com; liana.seah@barclayscapital.com; hiromasa.hayashi@barclayscapital.com; wendy.hapgood@barclayscapital.com; james.mahn@barclayscapital.com; brian.bailey@barclayscapital.com; tadashi.tago@barclayscapital.com; jonathan.fischer@barclayscapital.com; yasmin.ghale@barclayscapital.com; john.quattrocchi@barclayscapital.com; max.stuedlein@barclayscapital.com; barcaplive@barclayscapital.com; eelke.tuininga@barclayscapital.com; jennifer.mihocko-tierney@barclayscapital.com; ets@barclayscapital.com; kimberly.henneforth@barclayscapital.com; Marc.Thwaite@barcap.com; index-sg@barcap.com; mct@barclays.com; chris.lee@barclayscorporate.com; mike.saul@barclayscorporate.com; Douglas.adams1@barclays.com; kirn.kalyan@barclays.com; Jon.Laycock@barclayscapital.com

Link to comment
Share on other sites
StevieH Grand Master

StevieH

Posted
Posted
Any chance you could sort a new template email out stevie ?

 

detailing the latest accounts (the real version (bleacher report not wankars)), rangers sale farce, wat moores just came out an said, and everything from the last campaign ?

 

Can we all try and put something together?

Link to comment
Share on other sites
Guest simon

Guest simon

Posted
Posted

I think we'd be making a mistake if we didn't attempt the muliple protests thing.

think of what it would do. Police all would be busy getting us away from RBS all RBS would be bored customers. And all potential customers would be scared to go in effectively losing them business. Then people who cant protest ring the customer services reading out a letter all at the very same time. They would lose loads and loads of business. For the time the people stay on the phone they will lose more and more customers.

Link to comment
Share on other sites
bonesman Mentor

bonesman

Posted
Posted

Anything happening on the campaign front ?

 

Im sorry, i cant take any more, of listening to this septic fuck calling the shots with OUR club, OUR money, OUR hearts, cheeky bastard! rbs are no better,lying, scheming bastards, how we can keep letting these vultures pick us clean i dont know, weve got to do something now!

if he thinks he's going to be around for a year it time we put our voices together an show him, rbs, barcap, scudamore and whoever else wants to know, how much more can you take ?

Link to comment
Share on other sites
  • 1 month later...
Guest simon

Guest simon

Posted
Posted

Nice one steve we need a message to go with this this is where you guys come in. This is all in aid of making bad publicity to the RBS so do your worst haha thanks guys there will be a petition very soon of people who are willing to back this.

Link to comment
Share on other sites
StevieH Grand Master

StevieH

Posted
Posted

Mike Jefferies of L4 is apparently trying to organise a demonstration against RBS at their London offices. He was previously associated with Duncan Oldham of Kop Talk but has just tweeted "Killing time @ Heathrow - reading emails telling me how 99% of LFC fans detest Koptalk. Oooops, won't be going on there again in a hurry..."

 

Mike Jefferies (mikejefferiesL4) on Twitter

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing
×
×
  • Create New...