Marko121

The Yanks, Board and Hodgson have been given enough slack ( Hodgson used up a load of his on Wednesday)

If we want a club to be able to support in a few years, we need to take it back. We have been screwed over long enough with shit performances, ticket prices and debt.

How long do they expect us to put up with it??

BarCap's primary role is to facilitate the sale of the club. The contingency plan is to find alternative forms of finance in order to prevent the club from going into administration, as RBS would appear to have no appetite for taking ownership of the club on. Barcap and Broughton would, for many reasons, would much prefer the club to be sold. Broughton, Purslow and Ayre have already moved to block refinancing. BarCap have refused to provide funds themselves to the current owners. It should be clear where the priorities are.

Again, I see what you are saying, but didnt Cecil say in a radio interview that plan A,B,C & D was to sell the club?? There was no mention of a contingency plan.

Interesting question, if the cunts do get refinance then I don't see the need for his role anymore. His role was to sell the club, unless the cunting scum think the refinance is just short term to get a better sale price then he is wasting his time

Thanks - i'd go further than that though. If you were charged with the job of selling something the moment the owners decide that they do not want to sell, you would walk as you are not going to reach your objective.

If "reputation" is so important for people like Broughton he should've gone as soon as he knew they were not serious about selling instead of becoming their shield ( in my opinion ) Unless he is only here for the wedge?

Well I'll be blowed. You'll be telling us H&G are in it for the money next.

 

You're talking about businessmen and corporate entities. Their primary objective is to make a profit, or a living, and develop or at least maintain the profitability of their business.

The best we can hope for, now and in the future, is that those objectives align to a greater degree with our objectives as fans. I believe that Broughton's objectives and priorities are broadly aligned with our own; i.e. to find a buyer who is willing (highly likely to be for profit rather than the love of the club) to invest in the squad and a new stadium.

I see where you are coming from, but Broughton must have known that BarCap have been trying to re-finance from the beginning. He tells us he is there to sell the club, they dont want to sell. Why is he still here??

If he/they get the re-finance, we are really fucked. Broughton has a lot to answer for, the lying bastard. The apathetic majority need to wake up, we are going the way of Leeds. Horrible fucking shysters the lot of them. RBS are only in this for RBS.

The only ones with the love of the club at heart is the supporters

They were scared to give him the job. When Rafa spoke out, it split the support ( ie some behind him, some thinking he was moaning )

If Hodgson speaks out, it will again split the support as some didnt want him in the first place.

Imagine how many would listen if Kenny was Manager and spoke out. If they sacked him for it they would be fucking lynched ( Which they should be anyway)

RBS ready to step in to force swift Liverpool sale - Telegraph

RBS ready to step in to force swift Liverpool sale

Royal Bank of Scotland may take direct control of attempts to find a buyer for Liverpool. It comes amid growing unease at the failure to remove American Tom Hicks and George Gillett ahead of next month's refinancing deadline.

Officially the bank supports the sales process being handled by Liverpool chairman Martin Broughton and investment bank Barclays Capital, but with just 25 days until the expiry of RBS's financing deal with the Americans, the issue is becoming acute for RBS.

Among the narrowing options being considered by executives, including chief executive Stephen Hester, is for RBS to take greater control of the process from BarCap.

This would simplify any deal-making process and could allow the bank to try to force Hicks and Gillett to accept a lower price for the club than the �500 million-plus valuation that looks increasingly unrealistic.

The terms of RBS's �237 million loan to the American owners expires on Oct 6, and if no buyer is realistically close to sealing a deal then the bank will have to decide whether to call in the debt, effectively forcing Hicks and Gillett out, or offer a further extension.

Neither option is straightforward, but The Daily Telegraph understands that RBS will extend the financing deal for a short period only if Broughton indicates there is a realistic chance of a deal being closed quickly after Oct 6.

The bank is extremely reluctant to step in and take direct control of the club however, hence the desire to press hard for a deal in the 25 days before the financing deadline.

Any deal remains reliant on a suitable bidder being interested in the terms on offer however, and Broughton and BarCap have been frustrated in their search for a credible buyer by the American's price expectations and the debt burden.

They began the search in April after Hicks and Gillett agreed to sell the club and to the appointment of Broughton, chairman of British Airways.

At that time the owners' loans were shifted from RBS's corporate lending arm to their "bad bank", the Global Restructuring Group established in the wake of the global financial crisis to handle its over-leveraged and problem clients.

BarCap are understood to have made a slow start in the search for new owners.

Despite a very public approach, Chinese businessman Kenneth Huang pulled out without making a formal bid amid doubts over the source of his funding, and India's Sahara Group said it was not interested in a deal "at the moment".

The US investment house the Rhone Group made a �100 million offer for a 40 per cent stake earlier this year Unless RBS can identify a new buyers they may be forced to return to the existing field offering the club at a reduced price.

To do that they will have to call time on Hicks and Gillett, a step they have so far declined to take.

Liverpool board would block mortgage attempts - Barclays Premier League - ESPN Soccernet

By Harry Harris, Football Correspondent

September 7, 2010

Liverpool's owners George Gillett and Tom Hicks attempted to refinance their loans this summer by mortgaging the club's remaining assets - the stadium, training ground, players and guaranteed TV revenues.

There are fears the American owners might attempt another refinancing deal ahead of the October 6 deadline to repay £237 million owed to Royal Bank of Scotland, plus the £60 million of additional fees run up since April.

But the rest of Liverpool's five-man board would - once again - legally block any attempt to use the players or stadium as 'assets' to raise a mortgage to pay off existing debts. Any refinancing will be opposed by the board who can outvote Hicks and Gillett 3-2, but the Americans might issue a legal challenge.

At present, the £40 million annual interest repayments come directly from club profits but ESPNsoccernet has learned that the debts are not loaded against the stadium and players.

When Hicks and Gillett tried to find a new £290 million 'mortgage' using the stadium and players as assets a few months ago, the board threw out the proposal and took legal advice to ensure that they were within their rights to do so.

With the October 6 bank deadline rapidly approaching, Hicks and Gillett stand to lose their stranglehold on Liverpool if RBS chooses to take over the club and hand it over to their asset recovery experts to sell as a distressed asset.

An RBS effective takeover of the club from the October 6 deadline would meet with Premier League approval. Liverpool have also informed the Premier League and UEFA that they have set aside financial measures to ensure that they can continue to pay the £8 million-a-month wage bill and fulfil their fixtures this season.

When asked if the club could still afford their substantial wage bill, a spokesman said: "Liverpool FC has prudent working capital facilities that allow the club to make proper provision for outgoings as and when they arise. These working capital facilities are totally satisfactory to both the Premier League and UEFA."

The annual wage bill in the 2008-09 accounts was £90.8 million and this year the figure will be around the same, but for the first time Liverpool have dipped into the red.

When asked whether the crippling £40 million interest repayments which wipe out all operating profits are paid monthly, putting a strain on the club's cash flow, the response was that, as such detail is not a matter of public record, the club have declined to answer.

However there are fears that the club is heading for financial meltdown unless a new owner can be found, and so far there are no "credible" bidders. There has been nothing from a mystery bid involving Keith Harris, let alone the Kenny Huang bid that also failed to materialise.

City experts are now estimating that Liverpool's price tag in an RBS fire sale could be as little as £150 million, far short of the original expectations of Hicks and Gillett, who demanded £800 million and then dropped their asking price to £600 million.

Talk of a takeover before the transfer window proved to be a disappointing false dawn, and City financiers believe the value of the club will now plummet.

Liverpool suspect that potential new owners are waiting to grab the club for a knock-down price when RBS faces the prospect of selling the club itself from the October 6 deadline, when the bank's £237 million loan has to be repaid.

We are in (even more ) serious shit if this happens

You guys serious advocating Babel over Cole up top ?

 

"shakes head"

I dont think thats really the issue mate, its more about how much of a joke thisclub has become

Yeah, but we didn't do that.

Maybe no this time. Call me old fashioned if you like

fuck off its completely different, Meireles signed last night, players are usually unveiled the day after signing and today we happened to have a match, better to have some fans to welcome him than showing him an empty ground.

 

And whats wrong with a bit of openess, i find it refreshing after Rafa's question dodging

Whats wrong with having a quiet press conference? Or would you rather we open the ground and have people buying the shirt before he has kicked a ball for us

Parading new signings on the pitch and mentioning Toivanen & Konchesky ( like him or not ) on the offal.

We are only a step away from opening the ground and putting someone on a pedastle ( Owen, Shearer etc )

Not our way at all

I thought LDV was one for the future? He seemed to be rated quite highly by those on here who're tapped in to the reserves. Are we loaning these kids out or selling them?

Looks like we are selling them.

I worry for this club

Sky Sports | Football News | Premier League | Liverpool | Fulham line up Reds pair

Wonder how much we are getting for them??

3 years of chronic under investment was blindingly obvious on Monday night

When you settle for 2nd best, that's what you get. We, the fans have been too quiet for too long. There was a day when some of the sub standard players, the fucking MD and the bastard owners would have been run out of fucking town

Just want to get the message out that their one priority at the moment is to rid themselves of RBS to buy more time.

Sorry only just noticed this.

 

Strange that BarCap who will know how much shit the owners are in would offer to refinance.

 

The main thing though is that is a conflict of interests for BarCap and i would be surprised if that was on offer.

 

Personally i would put that bit of info down as a rumour at the moment.

I know you are a respected poster on here, but i really cant ellaborate. This info comes from a trusted source who says its a strong possibility.

I'm not up on the finance side of things to be honest i don't really understand it all (apart from were up to our eye's in a debt we can't afford)but can't a proposed buyer, buy the debt off RBS the full £237 mil then say to H&G you owe us that money now you've got till xx date to pay if not were foreclosing and taking the club off you? therefore buying the club for £237 million (then obviously the ground and squad strengthening need to be added).I don't know if this could be possible but if RBS are really getting twitchy over their loan then they could be open to some "different" options.

I would suggest that as much as RBS would like to, there is proably a clause saying that they cannot sell the debt to a 3rd party

Don't ask how I know this as I cannot say but talks with Barcap about a re-finance started last Wednesday

We try and find as much as possible out.

 

When Barcap came on the scene there was talk that they would refinance if a buyer could not be found.

So there is the tactic - play lip service to a sala and piss off every buyer that comes to the table until they get frustrated and walk away

I really dont know any more but I'm beginning to think they have done exactly that.

I've thought this from the beginning mate. They have been paying lip service to the banks all along

They dont want to sell - so will try to piss off any bidder who comes forth, so they will go away

I've been saying it for ages, Tom and George don't want to sell.

This has been my feeling from the beginning - They pissed the sheik off until they walked away and are now pissing Huang off until he walks.

They will not leave until they are dragged away

I dont think RBS will re-finance but my fear is that someone else might

Premier League starts this weekend. All the best for #LFC!! Come on reds!!! YNWA!!

@aarbeloa17