Maddock speaking against RBS

[Trucker Paddy]

Dont know wether this has been posted already, this is Maddocks Column this afternoon, all I can say is fair play to him, wether he's doing it off his own back or been drip fed info to do it, this is the first real attack on the RBS, fair play Dave

 

Why RBS and Barclays Capital should stop being a bunch of bankers and force Hicks and Gillett to sell Liverpool - The David Maddock Column - MirrorFootball.co.uk

[StevieH]

Great article. Well done again to Dave Maddock.

[lifetime fan]

Dont know wether this has been posted already, this is Maddocks Column this afternoon, all I can say is fair play to him, wether he's doing it off his own back or been drip fed info to do it, this is the first real attack on the RBS, fair play Dave

 

Why RBS and Barclays Capital should stop being a bunch of bankers and force Hicks and Gillett to sell Liverpool - The David Maddock Column - MirrorFootball.co.uk

 

That would suggest the quotes in Maddocks article this morning where not fro Purslow at least.

[YNWA12]

So what can they do about it? It is my understanding that even though the RBS agreed a 12 month extension to loans for the Americans in April (and even offered to increase the size of those loans to £300million), the deal has not been signed off.

 

So the bank we own can still go back on the deal. They can still say to Hicks and Gillett they have to sell up, otherwise they will call in the loans. They can insist that if there is a fit offer on the table it MUST be accepted.

 

The RBS can then become associated not with greed, but with a wider benevolence. They can be seen to be doing the right thing, for a wider interest than pure, unadulterated pursuit of profit

 

Please let them do that. We should really focus all our energy in pointing RBS in this direction.

[R.A.La]

Yet another media bastard. Took his time to figure out the real problems at the club.

 

Instumental in the press campaign against Rafa he has now chosen to point his blunderbus at the owners. Fuck him. Got no time for this arsewipe.

[Trucker Paddy]

Yet another media bastard. Took his time to figure out the real problems at the club.

 

Instumental in the press campaign against Rafa he has now chosen to point his blunderbus at the owners. Fuck him. Got no time for this arsewipe.

 

Listen I really dont give a fuck wether you like him or not, what you think he may or may not have done against Rafa, he's the 1st hack to attack the banks and for that he should be appreciated

[PaulMcC]

Good article.

[aws]

Interesting. Even the agendas have got agendas.

[mattyq]

Good stuff

[Timão]

Yet another media bastard. Took his time to figure out the real problems at the club.

 

Instumental in the press campaign against Rafa he has now chosen to point his blunderbus at the owners. Fuck him. Got no time for this arsewipe.

 

You fucking bitter bastard...yet giving lectures on what is really important...as if no-one knows.

 

Why don't you get out more and get yourself a life.

[Carradona]

Nice one. Hopefully more of them will start to follow suit.

[Reacher]

Made up, I hope all the papers start flinging shit at rbs, barcap cancer and aids.

[waddy78]

Hopefully a few more hacks will dig deeper into the banks involvement/lack of involvement with our sale and we will see a few more articles like this the more bad publicity the banks receive (hopefully) the quicker they will step in and force a sale, at the moment the bank forcing the issue is the quickest way out of this shit were in cos the yank wankers are trying to squeeze every last asset out of us before they sell and they dont care how long that takes

 

.............pair of CUNTS

[ZonkoVille77]

We could do with a whole lot more of this. Fair play. If we can't get at those pair of leeches then we should put as much pressure as possible on the one's that are propping them up. RBS should do the right thing and show an example to other 'wanna be' club owners by insisting this type of thing won't be tolerated.

[gkmacca]

 

It's time to share...or shaft!

[RED Tezza]

Great Article, as others have said let's hope that other now take up thebaton and attack the banks. the more pressure the better

[Kopite Pete]

How can Broughton except a offer, and Gillett is prepared to accept that offer how can Hicks turn it down?

[Antynwa]

Agenda ridden GOBSHITE!

 

 

 

/sarcasm

[TheHitman]

I know it has been suggested that Broughton can accept an offer over and above Gillette and Hicks but is this actually true ? and if so what evidence is there to support this.

 

I understand once they had resigned from the board, the board comprising Nash, Ayres Purslow are responsible for the overall running of the club. So they can vote on the role of the manager transfers, wages etc However as I understand no-one including Broughton own any shares. So as things stand if Gillette and Hicks own 100% of the shares and they haven't defaulted how and why would someone else be able to dictate the price the company is sold for.

 

I am unsure of the responsibilities of the Chairman and directors can anyone shed any light on this. I thought Broughton was just a figurehead for respectability rather than having the final say which has been suggested.

[Kopite Pete]

Didnt Maddock say recently that H&G have been locked out and have no say no more, he said Broughton is running the show and have the final say. Now he is saying different. Good article though.

[robbiefowler9]

Maybe I'm being a bit dim, so please put me straight....

 

How would RBS calling the loan in force the Yanks to sell? It's not their money; it's not as if they would be £300m worse of on a personal level. It's nothing to them (clearly) how fucked the club is. They've put nothing into the club so theoretically they surely can't make a loss?

 

If RBS pulled the loan in it would cripple the club, which under normal circumstances would force owners to sell. However, these are no normal owners, as they have put NO money in themselves.

 

So the way I see it, if RBS were to pull the loan in, the club would be fucked, and therefore of little or no value to any potential bidders. In other words, H&G would then be even more reluctant to sell as they wouldn't make a decent enough profit to satisfy their greed. As long as they run the club, they will make personal profit and can shift personal debt onto the club. Therefore, I can't see what positive impact the recalling of the loan would have. Please tell me what I'm missing.

 

 

EDIT: Unless it's a case of hoping RBS recalling the loan would force us into administration, at which point the owners have no say in the running/sale of the club. Is that how it works?

[kacangpool]

excellent by maddock.

[Trumo]

Whenever it might be, I hope that once C&A fuck off, the finance world grows a pair and prevents them from bringing untold misery onto any other businesses that require funds to aid development, yet have been living within their means up to then. Hicks in particular has turned leaving a trail of destruction into an art form. He might wish to move away from sports investment, but it really must be seen to that he fails to muster the funds for any other ventures.

[Hooch]

Well done that man.

More publicity, more publicity, more publicity.

[Delmar]

Maybe I'm being a bit dim, so please put me straight....

 

How would RBS calling the loan in force the Yanks to sell? It's not their money; it's not as if they would be £300m worse of on a personal level. It's nothing to them (clearly) how fucked the club is. They've put nothing into the club so theoretically they surely can't make a loss?

 

If RBS pulled the loan in it would cripple the club, which under normal circumstances would force owners to sell. However, these are no normal owners, as they have put NO money in themselves.

 

So the way I see it, if RBS were to pull the loan in, the club would be fucked, and therefore of little or no value to any potential bidders. In other words, H&G would then be even more reluctant to sell as they wouldn't make a decent enough profit to satisfy their greed. As long as they run the club, they will make personal profit and can shift personal debt onto the club. Therefore, I can't see what positive impact the recalling of the loan would have. Please tell me what I'm missing.

 

 

EDIT: Unless it's a case of hoping RBS recalling the loan would force us into administration, at which point the owners have no say in the running/sale of the club. Is that how it works?

 

It depends on what has been used as a collateral with the loans. If G&H have used anything they own themselves, they're screwed (well, depending on their particular situations), if the club is enough, then what do they care.

 

As far as the article goes, it is a bit naive. Good intentions, but thinking that a bank worries about being seen as a capitalist entity is odd. Anyway, too many unknowns still to make a guess whether RBS would be in a position to do anything like Maddock writes there.