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Post by krburg on Aug 21, 2010 13:28:43 GMT
Wok and Roll on Star
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Post by bobothy on Aug 24, 2010 16:34:56 GMT
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Post by rbbrslmn on Aug 24, 2010 16:37:13 GMT
keith harris is a shyster and the idea that someones paying £500m for you lot when you could be picked up for half that in october is a bit silly. |
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Post by bobothy on Aug 24, 2010 16:39:17 GMT
he didn't say it'd be £500m though, that price wasn't a quote it was just a guess by the journalist.
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Post by srk on Aug 26, 2010 0:09:10 GMT
Just saw this on twitter and laughed.
PDcavsinsider PD reporting deal for Chinese group to buy 15 percent of #Cavs is off. After a year Kenny Huang could not come up with money.
20 minutes ago via TweetDeck
PDcavsinsider Huang withdrew a bid to buy England soccer club Liverpool last week as well. Apparently same issue, all talk no cash. 19 minutes ago via TweetDeck
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Post by bobothy on Aug 26, 2010 8:52:53 GMT
I think it was obvious all the way through that Huang and Kirdi weren't serious bidders. The club said all along that anyone who speaks to the press won't be buynig the club and anyone who does wish to buy the club will do it in private.
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Post by tupac.tom on Aug 26, 2010 10:30:56 GMT
Is there anyone left to bid?
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Post by bobothy on Aug 26, 2010 10:33:12 GMT
yes.
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Post by dereffe on Aug 26, 2010 10:44:31 GMT
How would you know? You just said a serious buyer would do the conversations in private
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Post by bobothy on Aug 26, 2010 10:45:47 GMT
because people representing buyers have said that there are offers in place but they won't disclose who they are representing. Pretty obvious really.
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Post by tupac.tom on Aug 26, 2010 11:31:51 GMT
I was taking the piss tbf, I just hadn't been keeping up with the latest on whats bee going on.
When would you expect to hear something.
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Post by dereffe on Aug 26, 2010 11:53:46 GMT
because people representing buyers have said that there are offers in place but they won't disclose who they are representing. Pretty obvious really. Ah alright, didn't know that. Let's hope someone buys Liverpool and has some serious plans to take back Liverpool where they belong. The top of the league. Unfortunately this is impossible in the Premier League without a rich owner these days |
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Post by bobothy on Aug 26, 2010 12:02:17 GMT
I was taking the piss tbf, I just hadn't been keeping up with the latest on whats bee going on. When would you expect to hear something. October at the earliest, that's when the next payment is due to RBS, but i wouldn't be surprised if we don't hear anything then either. Apparently there's a couple of bidders who are still unknown to the press and have completed due dilligence, it's down to negotiations now. The press know this but don't know who the bidders are and are reluctant to start guessing again after the Kenny Huang debacle where every newspaper thought they had his backers revealed and they all had a different company/person backing him. |
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Post by bobothy on Aug 26, 2010 12:03:19 GMT
because people representing buyers have said that there are offers in place but they won't disclose who they are representing. Pretty obvious really. Ah alright, didn't know that. Let's hope someone buys Liverpool and has some serious plans to take back Liverpool where they belong. The top of the league. Unfortunately this is impossible in the Premier League without a rich owner these days I don't want someone to come in and give the manager hundreds of millions to spend on star names, i just want us to be able to compete and to get this stadium built. If we spend like City we'd be fucked, they might be disqualified from UEFA competitions in a couple of years because their turnover is ridiculous. |
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Post by dereffe on Aug 26, 2010 12:09:06 GMT
Ah alright, didn't know that. Let's hope someone buys Liverpool and has some serious plans to take back Liverpool where they belong. The top of the league. Unfortunately this is impossible in the Premier League without a rich owner these days I don't want someone to come in and give the manager hundreds of millions to spend on star names, i just want us to be able to compete and to get this stadium built. If we spend like City we'd be fucked, they might be disqualified from UEFA competitions in a couple of years because their turnover is ridiculous. Well, I didn't mean the City way of spending. Just the stadium and the continuity of the club. That when an important player gets sold the manager can buy a new player of the same calibre. Also the amount of money that it needs for a manager to build a team. Not like City just buy any player you think is good. |
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Post by Andy on Sept 9, 2010 20:56:53 GMT
RBS moves to force George Gillett and Tom Hicks to sell Liverpool• RBS places club's loans into its toxic-assets division • Deadline for refinancing of owners' loans is 6 October  Tom Hicks and George Gillett's ill-starred reign as owners of Liverpool looks like having less than a month to run after the club's loans with Royal Bank of Scotland were placed into its toxic-assets division. The deadline for the refinancing of the owners' personal loans from RBS is 6 October, and that now looks set to be the date that Hicks and Gillett's association with England's most successful club will end. The bank's decision to switch the debts to its Global Restructuring Group is the strongest possible signal that these loans will not be extended. The co-owners' previous attempt to refinance the debts in June, when they are believed to have offered to secure the loans against their US assets, was overruled by the club's board, led by the chairman, Martin Broughton. Now, with the loans having been shifted into RBS's so-called "bad bank", where all toxic assets have been housed since last year, it is clear the club's lender has also adopted a more steely stance towards the Americans. One source with a knowledge of Liverpool's dealings with RBS said: "If it has been taken out of the hands of the corporate banking department they'll have a much more ruthless approach on 6 October." An informed view from another source close to the situation is that the bank would hope to sell the club, possibly at a knockdown price, in the coming weeks or as soon possible after 6 October. According to the club's accounts to July 2009 Liverpool's owners owe £237.4m to RBS. Through companies in the UK and overseas, Hicks and Gillett are also personally exposed to tens of millions of pounds in other commitments to the club and its lender. These have been a mixture of cash, which the pair have injected through equity, and guarantees to the RBS loans. Last year's accounts stated these amounted to £145.3m, but it is believed to have risen dramatically after the last refinancing agreed five months ago. RBS would hope to achieve an orderly sale without having to take control of Liverpool. However, depending on the terms of the April refinancing agreement – which have never been made public – that may prove difficult if the co-owners, who value the club at £800m, refuse to go quietly. One tool at RBS's disposal is to force the insolvency of Liverpool's UK parent and associated companies. It is clear from mortgage documents lodged with Companies House that in the event of default RBS has the power to place Kop Football and Kop Football (Holdings), as well as Gillett's loan-security vehicle, Football UK Ltd, into administration. However that would be unpalatable for the bank, Liverpool's board and the Premier League since it would require the imposition of a nine-point penalty on the club. By exercising those clauses the bank would also effectively take control of Liverpool. Although RBS's restructuring group describes itself as being responsible for "the management of any problem lending portfolios", the bank has no long-term plans to hold the club as its subsidiary. Instead it is expected RBS would prefer to fulfil another of its stated aims – the "maximising [of] debt recoveries" – by selling the club in short order. That means there are also strong signs RBS will now be prepared to accept a knockdown price in order to cut its ties. During negotiations with prospective buyers Broughton, and the investment bank advising him, Barclays Capital, have maintained that Liverpool's debts with RBS must be paid in full as a minimum sale price. Provided buyers still retain an interest in taking over Liverpool beyond 6 October, it will mean a more orderly sale process. There would be only one party for purchasers to negotiate with and the club's debts would be manageable. The departure of Hicks and Gillett is an outcome that would delight Liverpool fans. The Kop Faithful group wrote in an open letter to the RBS group's chief executive, Stephen Hester, this week: "Hicks and Gillett were proved to be no more than a pair of liars. The promised 'no Glazer style buy out' was all of a sudden – a club £350m in debt to effectively buy itself, when it had been sold for less than £180m in what seemed no time before."
www.guardian.co.uk/football/2010/sep/09/rbs-tom-hicks-george-gillett-sell-liverpool
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