Re: Club Refinance Thread
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Re: Club Refinance Thread
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
which begs the question why bid now rather than wait a week?
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
which begs the question why bid now rather than wait a week?
Re: Club Refinance Thread
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote] I'd settle for that.9 points or not.
Good man Broughton.
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote] I'd settle for that.9 points or not.
Good man Broughton.
Re: Club Refinance Thread
[quote author=Redshrek link=topic=41783.msg1189594#msg1189594 date=1286321590]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
I assume we will receive a 9 point deduction?
[/quote]
I don't think that will be the case mate. I'm sure the Premier League and the club made statements that RBS taking over won't mean administration.
[quote author=Redshrek link=topic=41783.msg1189594#msg1189594 date=1286321590]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
I assume we will receive a 9 point deduction?
[/quote]
I don't think that will be the case mate. I'm sure the Premier League and the club made statements that RBS taking over won't mean administration.
Re: Club Refinance Thread
well the hick refinance rumour was just that, a rumour. not saying he isn't attempting to do this just sayng if he HAD done this he would have announced it.
well the hick refinance rumour was just that, a rumour. not saying he isn't attempting to do this just sayng if he HAD done this he would have announced it.
Re: Club Refinance Thread
[quote author=spider-neil link=topic=41783.msg1189596#msg1189596 date=1286321619]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
which begs the question why bid now rather than wait a week?
[/quote]
I think it's all power play mate - cards on the table and stuff.
[quote author=spider-neil link=topic=41783.msg1189596#msg1189596 date=1286321619]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
which begs the question why bid now rather than wait a week?
[/quote]
I think it's all power play mate - cards on the table and stuff.
Re: Club Refinance Thread
Did anyone hear this?
Did anyone hear this?
Re: Club Refinance Thread
[quote author=Sheik Yerbouti link=topic=41783.msg1189598#msg1189598 date=1286321695]
[quote author=Redshrek link=topic=41783.msg1189594#msg1189594 date=1286321590]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
I assume we will receive a 9 point deduction?
[/quote]
I don't think that will be the case mate. I'm sure the Premier League and the club made statements that RBS taking over won't mean administration.
[/quote]
it wont happen. liverpool are profitable and the debt is essential with kop holdings not liverpool itself.
[quote author=Sheik Yerbouti link=topic=41783.msg1189598#msg1189598 date=1286321695]
[quote author=Redshrek link=topic=41783.msg1189594#msg1189594 date=1286321590]
[quote author=Sunny link=topic=41783.msg1189593#msg1189593 date=1286321530]
Apparently on Radio 4 RBS have said that if the club isn't sold by a week Friday they will put the club into administration and sell to the highest bidder
[/quote]
I assume we will receive a 9 point deduction?
[/quote]
I don't think that will be the case mate. I'm sure the Premier League and the club made statements that RBS taking over won't mean administration.
[/quote]
it wont happen. liverpool are profitable and the debt is essential with kop holdings not liverpool itself.
Re: Club Refinance Thread
[quote author=SaintGeorge67 link=topic=41783.msg1189602#msg1189602 date=1286321767]
Did anyone hear this?
[/quote]
*Stares at George's dog whistle*
*Rolls over and licks balls*
[quote author=SaintGeorge67 link=topic=41783.msg1189602#msg1189602 date=1286321767]
Did anyone hear this?
[/quote]
*Stares at George's dog whistle*
*Rolls over and licks balls*
Re: Club Refinance Thread
Yes but wasn't Southampton exaactly the same situation were the debt was placed in the holding company and that went into administration. I couldn't see the premier leaugue clubs being happy if we didn't get the deduction.
Yes but wasn't Southampton exaactly the same situation were the debt was placed in the holding company and that went into administration. I couldn't see the premier leaugue clubs being happy if we didn't get the deduction.
Re: Club Refinance Thread
every liverpool fan with an rbs account should threaten to redraw their money if they (rbs) unless they pull the plug on the yanks.
every liverpool fan with an rbs account should threaten to redraw their money if they (rbs) unless they pull the plug on the yanks.
Re: Club Refinance Thread
[quote author=Redshrek link=topic=41783.msg1189605#msg1189605 date=1286321851]
Yes but wasn't Southampton exaactly the same situation were the debt was placed in the holding company and that went into administration. I couldn't see the premier leaugue clubs being happy if we didn't get the deduction.
[/quote]
normally I would say 'fuck the 9 points' anything to get rid of the yanks, but thanks to uncle roy and his genius tactics the loss of 9 points would probably see us relagated.
[quote author=Redshrek link=topic=41783.msg1189605#msg1189605 date=1286321851]
Yes but wasn't Southampton exaactly the same situation were the debt was placed in the holding company and that went into administration. I couldn't see the premier leaugue clubs being happy if we didn't get the deduction.
[/quote]
normally I would say 'fuck the 9 points' anything to get rid of the yanks, but thanks to uncle roy and his genius tactics the loss of 9 points would probably see us relagated.
Re: Club Refinance Thread
[quote author=ILD link=topic=41783.msg1189608#msg1189608 date=1286322004]
This thread is the football equivalent to LOST. Every answer to a question leads to a subsequent question being asked and we're all left confused as fuck.
I can't wait for the finale and not long to go.
[/quote]
Texan bars.
*Taps nose*
[quote author=ILD link=topic=41783.msg1189608#msg1189608 date=1286322004]
This thread is the football equivalent to LOST. Every answer to a question leads to a subsequent question being asked and we're all left confused as fuck.
I can't wait for the finale and not long to go.
[/quote]
Texan bars.
*Taps nose*
Re: Club Refinance Thread
[quote author=spider-neil link=topic=41783.msg1189599#msg1189599 date=1286321701]
well the hick refinance rumour was just that, a rumour. not saying he isn't attempting to do this just sayng if he HAD done this he would have announced it.
[/quote]
On the contrary Neil he could well have secured it but if he was using the club as security then the rest of the board could have voted to reject it.
[quote author=spider-neil link=topic=41783.msg1189599#msg1189599 date=1286321701]
well the hick refinance rumour was just that, a rumour. not saying he isn't attempting to do this just sayng if he HAD done this he would have announced it.
[/quote]
On the contrary Neil he could well have secured it but if he was using the club as security then the rest of the board could have voted to reject it.
Re: Club Refinance Thread
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Killjoy
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Killjoy
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
We're still shite but it's all coming to a head.
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
We're still shite but it's all coming to a head.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Yep that's pretty much the last 85 pages simplified.
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Yep that's pretty much the last 85 pages simplified.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Yeh apart from the recent RBS 'statement' on Radio 4 saying they'll put us into administration next Friday if the club isn't sold. Hicks isn't going to get refinance unless it's secured against club assets - which the board won't allow. And Hicks and Gillet cant remove Ayres and Purslow while they owe RBS money. I'm hoping theyr'e essentially fucked.
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Yeh apart from the recent RBS 'statement' on Radio 4 saying they'll put us into administration next Friday if the club isn't sold. Hicks isn't going to get refinance unless it's secured against club assets - which the board won't allow. And Hicks and Gillet cant remove Ayres and Purslow while they owe RBS money. I'm hoping theyr'e essentially fucked.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
Re: Club Refinance Thread
rbs: 'on the one hand we could call in the debt and sell to the highest bigger making a big profit, and on the other we could extend the deadline and make a killing on interest payments, hmmm...what to do, what to do...'
rbs: 'on the one hand we could call in the debt and sell to the highest bigger making a big profit, and on the other we could extend the deadline and make a killing on interest payments, hmmm...what to do, what to do...'
Re: Club Refinance Thread
[quote author=the count link=topic=41783.msg1189618#msg1189618 date=1286322506]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
[/quote]We talking anal sex here?
[quote author=the count link=topic=41783.msg1189618#msg1189618 date=1286322506]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
[/quote]We talking anal sex here?
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189620#msg1189620 date=1286322611]
[quote author=the count link=topic=41783.msg1189618#msg1189618 date=1286322506]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
[/quote]We talking anal sex here?
[/quote]You selling?
[quote author=Herr Onceared link=topic=41783.msg1189620#msg1189620 date=1286322611]
[quote author=the count link=topic=41783.msg1189618#msg1189618 date=1286322506]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
So to sum up-
The Yanks have secured refinancing but Purslow, Broughton and Ayres have blocked them using the club as equity.
Broughton, Purslow and Ayres have secured two substantial bids for the club but are being blocked by the yanks as they will only break even and not make profit.
The yanks are trying to remove purslow and ayres from the board but Broughton has stopped them forcing legal action to try and force them out.
RBS are still fucking dithering.
Nothing has fucking changed.
We're still shite.
[/quote]
Blah, blah, Blah.
Tell us what you think of starbars?
[/quote]We talking anal sex here?
[/quote]You selling?
Re: Club Refinance Thread
[quote author=spider-neil link=topic=41783.msg1189614#msg1189614 date=1286322432]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
[/quote]What fucking deadline? Theyve been retreating on demands for nearly 3 years! The one fucking thing to come out of all this is that i intend to bank with RBS.
'Oh ho ho if you dont pay us back by this friday.......*wags finger nodding head*.......well then .......we'll give you some more time'
[quote author=spider-neil link=topic=41783.msg1189614#msg1189614 date=1286322432]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
[/quote]What fucking deadline? Theyve been retreating on demands for nearly 3 years! The one fucking thing to come out of all this is that i intend to bank with RBS.
'Oh ho ho if you dont pay us back by this friday.......*wags finger nodding head*.......well then .......we'll give you some more time'
Re: Club Refinance Thread
The Guardian
The simmering war in the Liverpool boardroom between the American owners, Tom Hicks and George Gillett, and the three other directors, broke dramatically into the open last night after Hicks and Gillett turned down two bids, described as "credible", to buy the club and attempted to remove two directors from the board.
One of the bids is understood to have come from John W Henry, the multi-millionaire owner of the Boston Red Sox Major League Baseball team, and the other from business interests in Asia.
An official statement from Liverpool, surely unprecedented in the history of a club which has always prided itself on keeping internal disagreements private, said the board was preparing to approve the sale yesterday but Hicks and Gillett sought to block that decision by ousting the managing director, Christian Purslow, and commercial director, Ian Ayre.
The three directors opposed to the owners – Purslow, Ayre and the chairman, Martin Broughton – who can outvote Hicks and Gillett, clearly approved the release of the statement. It suggested they believed both bids were solid enough to approve because they would "repay all [Liverpool's] long-term debt" and were preparing to do so.
However Hicks and Gillett, the statement said, not only opposed the offers, apparently because they would not provide them with a satisfactory enough profit for their shares, but tried to replace Purslow and Ayre with Hicks's son, Mack, and Lori Kay McCutcheon, the financial controller at Hicks Holdings. That would have given the Americans a majority on the board.
The other three clearly resisted and Purslow and Ayre remained on the board last night, finally at odds publicly with Hicks and Gillett. The statement said: "The matter is now subject to legal review."
The statement left no doubt that Broughton, Purslow and Ayre, the majority, were in favour of accepting one of the offers and selling the club.
"The board of directors have received two excellent financial offers to buy the club," it said. "A board meeting was called today to review these bids and approve a sale."
The clear implication was that while both offers committed to clearing the £237m Liverpool owe Royal Bank of Scotland and Wachovia, which is due for repayment in nine days' time, they were not preparing to give Hicks and Gillett much for their shares.
One source said the bids would repay Hicks and Gillett the money they have loaned into Liverpool, which stood at £144m at 31 July last year, but not pay them a personal profit for transferring ownership.
Gillett and Hicks have been holding out through the sale process for a significant payment, even though Liverpool are sinking into crisis while they do not appear to be in a position to repay to the banks.
One informed source described Henry as "extremely interested" in buying Liverpool, saying he has the means and expertise required, evidenced by Boston's two championships under his ownership and the iconic Fenway Park stadium.
Liverpool supporters will, however, be naturally suspicious of any US bid after the bitter experience with Hicks and Gillett. They engineered a "leveraged buyout" of Liverpool in February 2007, with £185m entirely borrowed from RBS, then made the club responsible for paying the interest, £40m last year.
A source close to the discussions said Broughton, Purslow and Ayre would not approve any bid which brought more debt to the club. In a clear act of defiance by those three non-owner directors, the board statement concluded: "Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity."
Neither Hicks nor Gillett could be reached for comment last night.
The Guardian
The simmering war in the Liverpool boardroom between the American owners, Tom Hicks and George Gillett, and the three other directors, broke dramatically into the open last night after Hicks and Gillett turned down two bids, described as "credible", to buy the club and attempted to remove two directors from the board.
One of the bids is understood to have come from John W Henry, the multi-millionaire owner of the Boston Red Sox Major League Baseball team, and the other from business interests in Asia.
An official statement from Liverpool, surely unprecedented in the history of a club which has always prided itself on keeping internal disagreements private, said the board was preparing to approve the sale yesterday but Hicks and Gillett sought to block that decision by ousting the managing director, Christian Purslow, and commercial director, Ian Ayre.
The three directors opposed to the owners – Purslow, Ayre and the chairman, Martin Broughton – who can outvote Hicks and Gillett, clearly approved the release of the statement. It suggested they believed both bids were solid enough to approve because they would "repay all [Liverpool's] long-term debt" and were preparing to do so.
However Hicks and Gillett, the statement said, not only opposed the offers, apparently because they would not provide them with a satisfactory enough profit for their shares, but tried to replace Purslow and Ayre with Hicks's son, Mack, and Lori Kay McCutcheon, the financial controller at Hicks Holdings. That would have given the Americans a majority on the board.
The other three clearly resisted and Purslow and Ayre remained on the board last night, finally at odds publicly with Hicks and Gillett. The statement said: "The matter is now subject to legal review."
The statement left no doubt that Broughton, Purslow and Ayre, the majority, were in favour of accepting one of the offers and selling the club.
"The board of directors have received two excellent financial offers to buy the club," it said. "A board meeting was called today to review these bids and approve a sale."
The clear implication was that while both offers committed to clearing the £237m Liverpool owe Royal Bank of Scotland and Wachovia, which is due for repayment in nine days' time, they were not preparing to give Hicks and Gillett much for their shares.
One source said the bids would repay Hicks and Gillett the money they have loaned into Liverpool, which stood at £144m at 31 July last year, but not pay them a personal profit for transferring ownership.
Gillett and Hicks have been holding out through the sale process for a significant payment, even though Liverpool are sinking into crisis while they do not appear to be in a position to repay to the banks.
One informed source described Henry as "extremely interested" in buying Liverpool, saying he has the means and expertise required, evidenced by Boston's two championships under his ownership and the iconic Fenway Park stadium.
Liverpool supporters will, however, be naturally suspicious of any US bid after the bitter experience with Hicks and Gillett. They engineered a "leveraged buyout" of Liverpool in February 2007, with £185m entirely borrowed from RBS, then made the club responsible for paying the interest, £40m last year.
A source close to the discussions said Broughton, Purslow and Ayre would not approve any bid which brought more debt to the club. In a clear act of defiance by those three non-owner directors, the board statement concluded: "Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity."
Neither Hicks nor Gillett could be reached for comment last night.
Re: Club Refinance Thread
Atk on tlw.
I've been reliably informed that Ayres,Broughton and Purslow this week blocked a refinancing bid that Hicks and Gillett put to the board.They were using Anfield,Melwood etc as clout to get refinance.
Surely this must be bollix of the highest order?
Atk on tlw.
I've been reliably informed that Ayres,Broughton and Purslow this week blocked a refinancing bid that Hicks and Gillett put to the board.They were using Anfield,Melwood etc as clout to get refinance.
Surely this must be bollix of the highest order?
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189622#msg1189622 date=1286322828]
[quote author=spider-neil link=topic=41783.msg1189614#msg1189614 date=1286322432]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
[/quote]What fucking deadline? Theyve been retreating on demands for nearly 3 years! The one fucking thing to come out of all this is that i intend to bank with RBS.
'Oh ho ho if you dont pay us back by this friday.......*wags finger nodding head*.......well then .......we'll give you some more time'
[/quote]
Erm, what you've described is how every credit card company functions... they'll allow you to dig a hole but eventually they want their money after they've encouraged you to saddle your dumb self with crippling debt.
[quote author=Herr Onceared link=topic=41783.msg1189622#msg1189622 date=1286322828]
[quote author=spider-neil link=topic=41783.msg1189614#msg1189614 date=1286322432]
[quote author=Herr Onceared link=topic=41783.msg1189611#msg1189611 date=1286322282]
Nothing has fucking changed.
[/quote]
actually, there is one less day till the deadline
[/quote]What fucking deadline? Theyve been retreating on demands for nearly 3 years! The one fucking thing to come out of all this is that i intend to bank with RBS.
'Oh ho ho if you dont pay us back by this friday.......*wags finger nodding head*.......well then .......we'll give you some more time'
[/quote]
Erm, what you've described is how every credit card company functions... they'll allow you to dig a hole but eventually they want their money after they've encouraged you to saddle your dumb self with crippling debt.
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