LFC SOLD to NESV.

[Woland]

Re: Liverpool Board set to block G+H's mortgage attempts

I dunno what else contributed to the loss, but the Echo reported that we're both right...

Liverpool made a pre-tax loss of £54.9m in the year to July 31, 2009, up £14m from 2008, a significant chunk of that figure being the crippling interest payments.

Turnover increased over the 12 months by more than £20m to £184.8m, a total largely attributed to increases in television revenue.

Meanwhile, operating profit – nothing to do with player sales, tax and interest – has increased by 10 per cent to £27.4m.

 

[Atlas]

Re: Liverpool Board set to block G+H's mortgage attempts

Anyone remember the sahara group comments when they announced they were out of the running to buy the club a month or so back? Something along the lines of we are pulling out but might come back or might be interested inthe future. It was a weird comment considering we were all being told the club was going to be sold very quickly. If the information was available the kirdi and huang were chancers and the club could be sold for a fraction if the cost in 8 weeks time any half decent businessman would sit it out.

 

[Molbystwin]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Rosco link=topic=41783.msg1172523#msg1172523 date=1284224368]
[quote author=crump link=topic=41783.msg1172521#msg1172521 date=1284224296]
The debt isn't the is..... arrangements.
[/quote]

There is also 144m owed to the Yanks.
[/quote]

The 144 M being in effect our debts from the last 3 years including a sizable chunk of interest which was paid to RBS to to serviventhe acquisition loans. They arelooking to get severely burned aren't they! Jesus .... What baffles me is why on earth were they granted the loans in the first place when clearly unable to pay it down... They really fucked planning wise eh ... I assume that if they had for example paid of half the loan the interest payments would be far less etc.... Just madness on the Yanks part really especially playing hardball for the sale price when they could maybe have broken even earlier. Legally speaking if RBS does foreclose and sell to an investor for the value of the debt the Yanks would therefore be 140M down on the deal???

Isn't it wonderful how Karma works sometimes ...

 

[Hansern]

Re: Liverpool Board set to block G+H's mortgage attempts

A New Rumour:

http://www.thesportreview.com/tsr/20...er-exclusive/?

Exclusive: Hong Kong investor ‘leads Liverpool takeover race’
By Michael Owen

A Hong Kong-based businessman is the main contender to takeover Liverpool Football Club, according to a source at Barclays Capital.

The Royal Bank of Scotland set a deadline of 6 October for club chairman Martin Broughton and Barclays Capital to find a new owner and bring an end to Tom Hicks and George Gillett’s Anfield tenure.
With the deadline looming and a number of potential investors seemingly backing away from making an offer, many reports speculated the club were unlikely to find a new owner before the date.
But a senior source at Barclays Capital believes there to be some interest in the club, with “as many as five bidders at in-depth stages of due diligence†and a “Hong Kong-based investor leading the race†to take over at Anfield.
The bank, however, appears unwilling to offer any financial support to the potential investors, with the source stating there is “no chance of Barcap becoming involved with the debt financing of any takeoverâ€.
However, Barclays Capital are reported to be becoming increasingly frustrated with the current owners. “Unrealistic valuations are driving us [BarCap] insane,†said the source. The insider also accused the American duo of being “unreahableâ€.

 

[Wilko7]

Re: Liverpool Board set to block G+H's mortgage attempts

Sounds like a heap of shite.

 

[Y1]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Hansern link=topic=41783.msg1172764#msg1172764 date=1284298208]
A New Rumour:

http://www.thesportreview.com/tsr/20...er-exclusive/?

Exclusive: Hong Kong investor ‘leads Liverpool takeover race’
By Michael Owen

A Hong Kong-based businessman is the main contender to takeover Liverpool Football Club, according to a source at Barclays Capital.

The Royal Bank of Scotland set a deadline of 6 October for club chairman Martin Broughton and Barclays Capital to find a new owner and bring an end to Tom Hicks and George Gillett’s Anfield tenure.
With the deadline looming and a number of potential investors seemingly backing away from making an offer, many reports speculated the club were unlikely to find a new owner before the date.
But a senior source at Barclays Capital believes there to be some interest in the club, with “as many as five bidders at in-depth stages of due diligence†and a “Hong Kong-based investor leading the race†to take over at Anfield.
The bank, however, appears unwilling to offer any financial support to the potential investors, with the source stating there is “no chance of Barcap becoming involved with the debt financing of any takeoverâ€.
However, Barclays Capital are reported to be becoming increasingly frustrated with the current owners. “Unrealistic valuations are driving us [BarCap] insane,†said the source. The insider also accused the American duo of being “unreachableâ€.
[/quote]

Didnt know Michael Owens writes too....

 

[localny]

Re: Liverpool Board set to block G+H's mortgage attempts

latest unlikely truth!

[size=12pt]A Hong Kong-based investor has emerged as the main contender aiming to win control of Liverpool.[/size]

Sources close to Barclays Capital have indicated that the unnamed bidder is 'leading the race' to win control of the club with as many as five bidders understood to be at 'in-depth' stages of due dilligence.

The Royal Bank of Scotland are threatening to call time on George Gillett and Tom Hicks' ill-fated Anfield reign after placing the club in their toxic assets division.

Although BarCap are overseeing the bidding process, they do not appear willing to provide funding to the Americans' potential successors and have privately distanced themselves from any plans to become involved with financing any takeovers.

Gillett and Hicks' communication with the global banking giant has been described as 'unreachable' whilst their valuation of the club at between £600million and £800million has been branded unrealistic and disruptive to BarCap's involvement in the sale process.

The news comes after Liverpool manager Roy Hodgson stated that the club will only be able to challenge for major honours, namely the Premier League, under new ownership and with a new stadium.

Plans for a new 60,000-seater home for the Reds in Stanley Park have been temporarily shelved after Hicks and Gillett failed to provide significant funds to restart the building process during their three-year spell as owners.

He said: “I don’t think that’s pessimistic. I think people are realistic.

"The problems with the ownership are well-documented and I can’t wave a magic wand and make them go away.

“Everyone at Liverpool would like to see a solution to the ownership problem. That Martin Broughton finds an owner acceptable to the rest of the board, with the right intentions and who will first and foremost build a new stadium that increases the capacity.

“I am very confident the boys here won’t let the fans and club down. Whether or not we will really get our act together as we’d like to take the next big step, that might depend on the ownership issue being settled and it will also depend ontime.â€

 

[aquaman4]

Re: Liverpool Board set to block G+H's mortgage attempts

My birthday october 28th hope i wake up with the joy of new owners at the club who are loaded with cash and are commited to build the stadium and bringing world class players to replace the shit ones we have.

 

[Avmenon]

Re: Liverpool Board set to block G+H's mortgage attempts

We share a birthday, it seems.

That would be a nice present, however unrealistic it be.

 

[Y1]

Re: Liverpool Board set to block G+H's mortgage attempts

You are awake so early! Can't sleep?

 

[Avmenon]

Re: Liverpool Board set to block G+H's mortgage attempts

Ha, guess not

 

[Hansern]

Re: Liverpool Board set to block G+H's mortgage attempts

There is a rumour on another forum that RBS already have a preferred bidder in mind when they "take control" of the club after the deadline in October. Make of it what you will, just thought I'd pass what I read.

 

[localny]

Re: Liverpool Board set to block G+H's mortgage attempts

there's an hour left in my birthday!

Anyway, something that hasn't been discussed. H and G have been SO quiet overall. I wonder what they are up to. They must have a few tricks up their sleeves.

 

[IGotALuvlyBunchOfCoconuts]

Re: Liverpool Board set to block G+H's mortgage attempts

Happy Birthday

 

[localny]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=IGotALuvlyBunchOfCoconuts link=topic=41783.msg1174548#msg1174548 date=1284520184]
Happy Birthday
[/quote]

ta!

 

[Hansern]

Re: Liverpool Board set to block G+H's mortgage attempts

According to Forbes, the valuation of the club is decreasing as a result of the deadline in October.
They think H&G may have to settle for 350 mill £ now.

 

[Y1]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Hansern link=topic=41783.msg1174578#msg1174578 date=1284536649]
According to Forbes, the valuation of the club is decreasing as a result of the deadline in October.
They think H&G may have to settle for 350 mill £ now.
[/quote]

Can we say yay yet?

 

[Hansern]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Y1 link=topic=41783.msg1174581#msg1174581 date=1284537093]
[quote author=Hansern link=topic=41783.msg1174578#msg1174578 date=1284536649]
According to Forbes, the valuation of the club is decreasing as a result of the deadline in October.
They think H&G may have to settle for 350 mill £ now.
[/quote]

Can we say yay yet?
[/quote]

I won't say anything positive until new owners have had their pictures taken outside Anfield, and H&G are totally out of the picture.

 

[Y1]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Hansern link=topic=41783.msg1174582#msg1174582 date=1284537191]
[quote author=Y1 link=topic=41783.msg1174581#msg1174581 date=1284537093]
[quote author=Hansern link=topic=41783.msg1174578#msg1174578 date=1284536649]
According to Forbes, the valuation of the club is decreasing as a result of the deadline in October.
They think H&G may have to settle for 350 mill £ now.
[/quote]

Can we say yay yet?
[/quote]

I won't say anything positive until new owners have had their pictures taken outside Anfield, and H&G are totally out of the picture.
[/quote]

ok, *put away *yay* flag*

 

[Judge Jules]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=localny link=topic=41783.msg1174549#msg1174549 date=1284520282]
[quote author=IGotALuvlyBunchOfCoconuts link=topic=41783.msg1174548#msg1174548 date=1284520184]
Happy Birthday
[/quote]

ta!
[/quote]

Sorry I missed this. Hope you had a good one.

 

[localny]

Re: Liverpool Board set to block G+H's mortgage attempts

Thanks JJ - it was!

 

[localny]

The Countdown to October 6

So lads, could there be just three weeks of Gillett and Hicks ownership left for us to deal with....

Thought I'd start this thread as the countdown, who knows that twists and turns will happen..

I'm tired of the Drama, but someone what confused why G and H have remained so quiet. Not a peep.

I'm imagining the next 10 days will see all kinds of media comments and even battles.

Fingers crossed RBS take the club off their hands, and sell us on..to whom, who knows.

21 days to go...

 

[McNulty]

Re: The Countdown to October 6

A countdown to my birthday?! I'm honoured........oh.

 

[SummerOnions]

Re: Liverpool Board set to block G+H's mortgage attempts

[quote author=Judge Jules link=topic=41783.msg1174596#msg1174596 date=1284541283]
[quote author=localny link=topic=41783.msg1174549#msg1174549 date=1284520282]
[quote author=IGotALuvlyBunchOfCoconuts link=topic=41783.msg1174548#msg1174548 date=1284520184]
Happy Birthday
[/quote]

ta!
[/quote]

Sorry I missed this. Hope you had a good one.
[/quote]

Ditto, happy birthday from yesterday mate.

 

[localny]

Re: Liverpool Board set to block G+H's mortgage attempts

thanks mate!

 

[RedStar]

Re: The Countdown to October 6

do we get docked 12 points if the bank take us over as being insolvent? In the long run if it meant RBS selling for a reasonable fee and bringing credible bidders back to the table its a bitter pill that would be worth swallowing, on the other hand ait would mean finishing 7th or 8th and I think that would be the end for a number of our bigger names, the recovery could take years

 

[Oncy]

Re: The Countdown to October 6

Oh good another thread about our money and owners.

 

[SummerOnions]

Re: The Countdown to October 6

apparently its 11th oct.

 

[Avmenon]

Re: The Countdown to October 6

And 9 points if we go into administration..

 

[spider-Neil]

Re: The Countdown to October 6

my money is on the loan being refinanced.