Kenny Huang linked to Liverpool takeover

[Red Phoenix]

Can the rest of the board agree to sell the club to someone else though? edit : sorry, do they have that type of power? Something just seems wrong, can't trust them until we're sold.

[Red Nick]

News of the world exclusive Peter Crouch beds £800 teen hooker | England footballer cheats on model fiancee Abbey Clancy | | News Of The World not sure why it would be of interest to Liverpool fans

 

Fuck it

[usernameunknown]

Maybe theres more in the article but I dont see the bit which will "devastate" Liverpool supporters. Of course they were going to try and refinance, nothing new.

[TheHitman]

Bascombe's latest twitter update

 

If anyone thinks Hicks and Gillett have spent last 4 months trying to sell LFC, think again. They plotted to refinance 290m worth of debt.

 

But Broughton has an excellent reputation blah blah blah, he wouldn't risk it etc etc. Never understood that line of thinking myself to be honest.

 

The other one RBS have given the owners financial penalty's to force them to sell I'm sure thats why Banks charge when I go overdrawn to help people manage their money more efficiently.

[spider-neil]

Isnt that good news?

 

seems to me like they are stalling with no intention of selling, using the pretence of a sale so the banks give them some breathing room.

 

I swear if liverpool is ever sold moores should never be allowed to step foot in anfield again.

[Torvald Utne]

refinance. What bank in their right mind is going to refinance this debt?

 

anyone that wants to make a bit of money, worst comes to the worst they inherit LFC from them if they can't pay up.

 

Been saying we'll be in this position next year for a long time, it's still making them money.

[zigackly]

Can the rest of the board agree to sell the club to someone else though?

 

If they can stop them refinancing then a sale is surely inevitable at some point, even if through administration.

[Red Nick]

Can the rest of the board agree to sell the club to someone else though? edit : sorry, do they have that type of power? Something just seems wrong, can't trust them until we're sold.

 

considering they dont own the club, no

[James Dean]

So C&A try to refinance, gets blocked by board, sale process continues, C&A are outnumbered = devastating news?

 

Nice one Chris.

[King Emlyn]

seems to me like they are stalling with no intention of selling, using the pretence of a sale so the banks give them some breathing room.

 

I swear if liverpool is ever sold moores should never be allowed to step foot in anfield again.

I've said that all along mate.

[Soup]

"Americans blocked from trying to refinance debts by the rest of their own board as recently as July."

 

Im happy with that not devastated. The pair of dirty cunting shit bags.

[Aldonose]

So C&A try to refinance, gets blocked by board, sale process continues, C&A are outnumbered = devastating news?

 

Nice one Chris.

 

In one.

[Red Nick]

Can Hicks and Gillett veto a sale after all?

 

They own the club and they can veto the sale if there in a position to pay back RBS.

[Guest Numero Veinticinco]

Can the rest of the board agree to sell the club to someone else though? edit : sorry, do they have that type of power? Something just seems wrong, can't trust them until we're sold.

 

No, but they can make it the best option.

[Guest davelfc]

They own the club and they can veto the sale if there in a position to pay back RBS.

 

But if the board can veto refinancing then it's stalemate.

[JimmyConway]

If they could get refinancing they would have got it months ago,no financial institiution in their right mind would lend those 2 cowboys a penny.

I refuse to be dragged down from the point of optimism I have been sitting on since last night.

That Bamba was fucking spot on,this entire saga is a rollercoaster and a half

[Guest davelfc]

If they could get refinancing they would have got it months ago,no financial institiution in their right mind would lend those 2 cowboys a penny.

I refuse to be dragged down from the point of optimism I have been sitting on since last night.

That Bamba was fucking spot on,this entire saga is a rollercoaster and a half

 

Like being handcuffed to the big one at Blackpool (I'm talking about the rollercoaster) I'm getting sicker and sicker of it. I just want off, please!

[Red Nick]

So C&A try to refinance, gets blocked by board, sale process continues, C&A are outnumbered = devastating news?

 

Nice one Chris.

 

Surely as the two shareholder they just hold an EGM and vote to sack the board and appoint there stoogies as directors

[Guest davelfc]

Surely as the two shareholder they just hold an EGM and vote to sack the board and appoint there stoogies as directors

 

RBS have probably got that sewn up.

[Albertini]

The fact we havent been sold and the current potential shitty buyers for the club.

 

Haung got me excited for a while when the times indicated it was the Chinese goverments money.

 

But there all second rate potential owners but stil light years better than what we currently have

 

No one really expected the club to be sold "yet".

 

So you've seen details of all the bids or are you just going on innunedo and press speculation?

 

So you're saying the Chinese governments money is worse than say a Middle Eastern Government's money or a capatlist Indian's money? Why's that then?

 

They own the club and they can veto the sale if there in a position to pay back RBS.

 

So how will they do that then? If they were in a position to pay off RBS, Broughton would not be here and the sales process would not be happening.

 

Surely as the two shareholder they just hold an EGM and vote to sack the board and appoint there stoogies as directors

 

Again if they could do that then why hasn't it happened already?

Edited August 14, 2010 by Albertini

[razor]

Thank goodness for this non-story. I thought he was going to rejoin the Echo.

[James Dean]

Just trying to wrap my head around it.

 

It does increasingly look like we're moving towards administration.

[Red Nick]

RBS have probably got that sewn up.

Doubt they can but more to the point if they did go down that particular road they would have to have refinance in place because RBS would imediately pull the rug

[TheHitman]

I'm a bit confused why the board would object to them refinancing if the present rates include exorbitant fees being imposed. It would seem a bit strange unless they were looking at even riskier methods of refinancing like the mafia or a Mexican kayote that Hicks knows.

[Guest davelfc]

I'm a bit confused why the board would object to them refinancing if the present rates include exorbitant fees being imposed. It would seem a bit strange unless they were looking at even riskier methods of refinancing like the mafia or a Mexican kayote that Hicks knows.

 

IF and it's a big IF they managed to get refinanced, do you really think it would be at better rates than RBS who are already screwing us? No it would more likely make paydayloans look like a charity for the poor.