Go fuck yourselves FSG

[Jose Jones]

7 hours ago, Moo said:

Quite possibly and if so an uncomfortable truth for some.

Only people who don’t understand who FSG are or what investment means.

[lebron]

Seems like our owners have aquired another winning club to their portfolio. Probably going to offend some of the posters in this thread, but I take it as a sign that they're not just stockpiling clubs to earn cash, but actually care quite a bit about winning...

 

https://www.cbssports.com/nhl/news/nhl-unanimously-approves-fenway-sports-groups-purchase-of-pittsburgh-penguins/

[VladimirIlyich]

Just now, lebron said:

Seems like our owners have aquired another winning club to their portfolio. Probably going to offend some of the posters in this thread, but I take it as a sign that they're not just stockpiling clubs to earn cash, but actually care quite a bit about winning...

 

https://www.cbssports.com/nhl/news/nhl-unanimously-approves-fenway-sports-groups-purchase-of-pittsburgh-penguins/

I have no idea if they're any good or not to be honest. What will it do for the club?

[SlugTrail]

On 24/11/2021 at 19:36, dockers_strike said:

It's not like the world hasnt been hit with a virtually unprecedented scenario, is it? Little to no income, loan agreements still need to be met, company running expenses still to be paid, staff still to be paid etc across virtually every company in the world not producing vaccines and PPE etc.

 

Bottom line is, the Echo never to my knowledge said the Red Bird investment was intended to fund Liverpool FC as has been claimed in this thread. If there was, Id like to see it.

 

And even if the Echo did print that, on what basis have they got to say it seeing as they arent part of FSG's organisation?

 

Yep, an uncomfortable truth for some, not just rumour.

My understanding of it was that the redbird investment would allow FSG to carry on with their capital investment in all of their teams, without it the Annie Road would not be getting built.

 

[SlugTrail]

Double post

[TD_LFC]

11 minutes ago, SlugTrail said:

My understanding of it was that the redbird investment would allow FSG to carry on with their capital investment in all of their teams, without it the Annie Road would not be getting built.

 

Yeah pretty much, it underwrites existing projects and provides a degree of security which in turn benefits the clubs they own, perhaps not in the way many would like though.

[TD_LFC]

On 17/11/2021 at 01:08, 3 Stacks said:

Leicester is probably the best. FSG easily second.

Leicester mortgage everything against future earnings and keep a rolling loan with a 'dodgy' Australian bank.

[Barrington Womble]

1 hour ago, TD_LFC said:

Leicester mortgage everything against future earnings and keep a rolling loan with a 'dodgy' Australian bank.

Dodgy? It's Macquarie! They're the biggest investment bank in Australia. Macquarie have massive investment arms throughout APAC. They're a pretty logical choice for Thai owners and frankly couldn't be less "dodgy"

[TD_LFC]

7 minutes ago, Barrington Womble said:

Dodgy? It's Macquarie! They're the biggest investment bank in Australia. Macquarie have massive investment arms throughout APAC. They're a pretty logical choice for Thai owners and frankly couldn't be less "dodgy"

Involved in massive German tax fraud scandal, accused of trying to cover up extortion and sabotage by buying the company that was suing them, class action lawsuits for encouraging people to make high risk investments in order to profit off the trading with thousands of customers caught up in the advice scandal. Tax avoidance on uk companies by channelling them through subsidiaries in the Cayman islands, loading those companies with debt and paying it's share holders billions in dividends, nicknamed the vampire kangaroo....

 

 

[Josef Svejk]

7 minutes ago, TD_LFC said:

Involved in massive German tax fraud scandal, accused of trying to cover up extortion and sabotage by buying the company that was suing them, class action lawsuits for encouraging people to make high risk investments in order to profit off the trading with thousands of customers caught up in the advice scandal. Tax avoidance on uk companies by channelling them through subsidiaries in the Cayman islands, loading those companies with debt and paying it's share holders billions in dividends, nicknamed the vampire kangaroo....

 

 

But other than all that, pretty sound... 

[aws]

You need a bit of that. 

[TD_LFC]

1 minute ago, Josef Svejk said:

But other than all that, pretty sound... 

To be fair you do digging on any bank and you'd find loads of questionable stuff (not always illegal but often questionable) so I'm not suggesting they're unique.

 

The original comment was less about the bank and more about how Leicester and the clubs owners are viewed as the gold standard when they're not really that different to any other owner.

[Josef Svejk]

1 minute ago, TD_LFC said:

To be fair you do digging on any bank and you'd find loads of questionable stuff (not always illegal but often questionable) so I'm not suggesting they're unique.

 

The original comment was less about the bank and more about how Leicester and the clubs owners are viewed as the gold standard when they're not really that different to any other owner.

I was joking. Know nothing about the bank in question. But certainly Standard Chartered fall into dodgy bank territory... 

[TD_LFC]

Just now, Josef Svejk said:

I was joking. Know nothing about the bank in question. But certainly Standard Chartered fall into dodgy bank territory... 

I know, was just anticipating some replies.

 

Standard Chartered would as well yep.

[TheRedMachine]

Fuck FSG. How dare they save us from Cancer-Aids, rebuild one of the most iconic stadiums in the world, get the best manager for us in the world, break the world record fee for a CB and GK, help make us feared across Europe once again, help deliver our first title in 30 years and number 6. And build a swanky new training ground. And sign us up to hugely lucrative sponsorship deals. And have Michael Edwards getting £23 million for Brewster, £18 million for Solanke, £142 million for Coutinho, £12 million for Danny Ward, etc etc. 

Charlatans and hucksters.

[Grinch]

The Good Samaritans saved us, praise the lord.

[Barrington Womble]

34 minutes ago, TD_LFC said:

Involved in massive German tax fraud scandal, accused of trying to cover up extortion and sabotage by buying the company that was suing them, class action lawsuits for encouraging people to make high risk investments in order to profit off the trading with thousands of customers caught up in the advice scandal. Tax avoidance on uk companies by channelling them through subsidiaries in the Cayman islands, loading those companies with debt and paying it's share holders billions in dividends, nicknamed the vampire kangaroo....

 

 

That's just about every investment bank there is. Take a look at the history of our shirt sponsors. The American banks get off a little lighter as the SEC looks less favourably on foreign banks, but I've yet to come across any investment bank that hasn't got a terrible history behind it. And that's where you go for these types of long term facilities. And if you do go to a retail bank for it, they're just backing it off to an investment bank and you're paying additional margin on the interest. 

[TD_LFC]

big gap between all investments banks are dodgy (which I agree with) and 'couldn't be less dodgy'

[Anubis]

Saved us. Jesus Christ. People are still saying that. We were an investment opportunity, nothing more.

[stringvest]

7 minutes ago, Anubis said:

Saved us. Jesus Christ. People are still saying that. We were an investment opportunity, nothing more.

Well, in the absence of fairy godmothers, that's what we were going to get.  The fact is, they did it.  No-one else did.

[TheHowieLama]

Heard from a very reliable source that they are not going to go fuck themselves.

[dockers_strike]

1 hour ago, Anubis said:

Saved us. Jesus Christ. People are still saying that. We were an investment opportunity, nothing more.

Yeah. Peter Lim would have made an excellent owner of the club. His bid of £10m more should have been accepted by RBS. Or we could have gone into administration, which some folk still seem to think wouldnt have happened and, had a massive sell off requiring the club to start from afresh like Accrington Stanley.

 

You can go back in football as far as you want and this idea that football clubs were owned as a form of altruism is simply not viable.

[Anubis]

20 minutes ago, dockers_strike said:

Yeah. Peter Lim would have made an excellent owner of the club. His bid of £10m more should have been accepted by RBS. Or we could have gone into administration, which some folk still seem to think wouldnt have happened and, had a massive sell off requiring the club to start from afresh like Accrington Stanley.

 

You can go back in football as far as you want and this idea that football clubs were owned as a form of altruism is simply not viable.

 

So you agree that it wasn't altruism, it was a number crunching exercise that happened to work for both parties?

[Jairzinho]

1 hour ago, TheHowieLama said:

Heard from a very reliable source that they are not going to go fuck themselves.

The offer from TheRedMachine has made it unnecessary. 

[stringvest]

Nobody believes it was altruism, do they?  if they do I have a bridge going cheap.