LFC SOLD to NESV.
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Re: Merged Topics: Club Refinance Thread
[quote author=localny link=topic=41783.msg1178141#msg1178141 date=1284964744]
[quote author=RolandG link=topic=41783.msg1178139#msg1178139 date=1284964695]
If Hicks is successful in refinancing that will be the death of our club.
[/quote]
so shouldn't it start this weekend? Boycott the match?
[/quote]
After our current run of form, doesn't the team need all the support we can give them?
[quote author=localny link=topic=41783.msg1178141#msg1178141 date=1284964744]
[quote author=RolandG link=topic=41783.msg1178139#msg1178139 date=1284964695]
If Hicks is successful in refinancing that will be the death of our club.
[/quote]
so shouldn't it start this weekend? Boycott the match?
[/quote]
After our current run of form, doesn't the team need all the support we can give them?
Re: Merged Topics: Club Refinance Thread
[quote author=RolandG link=topic=41783.msg1178145#msg1178145 date=1284965073]
[quote author=localny link=topic=41783.msg1178141#msg1178141 date=1284964744]
[quote author=RolandG link=topic=41783.msg1178139#msg1178139 date=1284964695]
If Hicks is successful in refinancing that will be the death of our club.
[/quote]
so shouldn't it start this weekend? Boycott the match?
[/quote]
After our current run of form, doesn't the team need all the support we can give them?
[/quote]
The team needs new ownership more.
[quote author=RolandG link=topic=41783.msg1178145#msg1178145 date=1284965073]
[quote author=localny link=topic=41783.msg1178141#msg1178141 date=1284964744]
[quote author=RolandG link=topic=41783.msg1178139#msg1178139 date=1284964695]
If Hicks is successful in refinancing that will be the death of our club.
[/quote]
so shouldn't it start this weekend? Boycott the match?
[/quote]
After our current run of form, doesn't the team need all the support we can give them?
[/quote]
The team needs new ownership more.
Re: Merged Topics: Club Refinance Thread
every fan that attends the match or refuses to walk out next weekend is complicit in killing our club. its as simple as that.
i won't be going unless there is a walkout led by the likes of kenny in which case i'll turn up and walk out with him.
its time for fans to make a sacrifice or accept the consequences of an extended hicks stay.
every fan that attends the match or refuses to walk out next weekend is complicit in killing our club. its as simple as that.
i won't be going unless there is a walkout led by the likes of kenny in which case i'll turn up and walk out with him.
its time for fans to make a sacrifice or accept the consequences of an extended hicks stay.
Re: Merged Topics: Club Refinance Thread
[quote author=localny link=topic=41783.msg1178100#msg1178100 date=1284956076]
sorry to bring this back up, but our owner is getting ready to give us one hell of a rogering with this refinancing..
I feel the only course of action left is for fans to boycott attending the matches to force him out.
See how much refinancing comes of this, if there's no stadium revenue - and if necessary, no-one watching it on the telly.
Am I mad?
We really can't be passive in this. Otherwise, if he gets this refinancing, we are going down the tubes, with crazy interest payments, players leaving, all because this man doesn't know when to quit.
[/quote]
It doesnt matter, and he doesnt care. He want to get trid f the club, but not loose it for nothing.He is willing to depthladen it even more as it counts for nothing if he looses it anyway. He dont fucking care if there are 0 fans at the stadium, if we win or loose, nor . He doesnt fucking care about anything rahter than playing poker with our club and hoping some mad moneyman will buy it. And that wont happen. So when Hicks looses everything anyway it doesnt matter for him if the club is so deep into shit that nothing can rescue it.
[quote author=localny link=topic=41783.msg1178100#msg1178100 date=1284956076]
sorry to bring this back up, but our owner is getting ready to give us one hell of a rogering with this refinancing..
I feel the only course of action left is for fans to boycott attending the matches to force him out.
See how much refinancing comes of this, if there's no stadium revenue - and if necessary, no-one watching it on the telly.
Am I mad?
We really can't be passive in this. Otherwise, if he gets this refinancing, we are going down the tubes, with crazy interest payments, players leaving, all because this man doesn't know when to quit.
[/quote]
It doesnt matter, and he doesnt care. He want to get trid f the club, but not loose it for nothing.He is willing to depthladen it even more as it counts for nothing if he looses it anyway. He dont fucking care if there are 0 fans at the stadium, if we win or loose, nor . He doesnt fucking care about anything rahter than playing poker with our club and hoping some mad moneyman will buy it. And that wont happen. So when Hicks looses everything anyway it doesnt matter for him if the club is so deep into shit that nothing can rescue it.
Re: Merged Topics: Club Refinance Thread
What's bamba got to say about all of this? Have rawk deserted him yet?
What's bamba got to say about all of this? Have rawk deserted him yet?
Re: Merged Topics: Club Refinance Thread
there were people that were saying no way would hick manage to get refinance, if you have enough assets there is always someone willing to loan you money, always.
there were people that were saying no way would hick manage to get refinance, if you have enough assets there is always someone willing to loan you money, always.
Re: Merged Topics: Club Refinance Thread
[quote author=Hansern link=topic=41783.msg1178184#msg1178184 date=1284970422]
Does he have any assests that are worth that kind of money though? I don't think so, or else he would have done this a long time ago.
[/quote]
Future tv revenue. Fernando Torres. Future income from a stadium he has not built. Future sales of shirts. Who knows what kind off assets they will accept these days ???
[quote author=Hansern link=topic=41783.msg1178184#msg1178184 date=1284970422]
Does he have any assests that are worth that kind of money though? I don't think so, or else he would have done this a long time ago.
[/quote]
Future tv revenue. Fernando Torres. Future income from a stadium he has not built. Future sales of shirts. Who knows what kind off assets they will accept these days ???
Re: Merged Topics: Club Refinance Thread
Latest from Bamba;
I haven’t posted on the takeover for some time, and for a variety of reasons - chief of which was a growing feeling that the information provided was actually helping Hicks and Gillett work out where the threat was coming from and concentrate their efforts on digging the dirt and launching a fightback. But today has been a woeful end to a depressing week and amid all the gloom I feel that people should know that all is not lost. Nonetheless, I won’t believe Hicks and Gillett have gone until their names no longer feature in our club profiles, so I’ll keep this as informative as possible without being specific. As ever, take it at face value or bin it. And as has always been the intention, I’ll spill the beans, fully, when it’s safe to do so.
Firstly, huge respect and support to the groups and individuals who continue to fight the good fight. There is no doubt that the campaigns work, and we should continue to keep on with the emails, petitions, adverts, T-shirts and all other forms of protest and direct action until Hicks and Gillett are gone.
But in no particular order, here are some things that are still worth knowing. The Rocket was launched. It scored a direct hit. Most of the regular posters on this forum are decent and humane people who take little pleasure in the suffering of others. Knowing that George Gillett has retreated to his mountain hideaway, shell-shocked, punch-drunk and waving the white flag will no doubt distress the many who have come to view this jovial old devil as one of our own.
Hicks and Gillett entered into a “Joint & Several†arrangement when they re-financed the time before last. That means they’re responsible for one another’s LFC obligations if one or the other defaults. As a result of the direct hit, George Gillett has been bankrupted and stands no chance of paying his share of the RBS debt by 6th October. Tom Hicks is now legally obligated to pay Gillett’s 50% of the debt. So the obvious danger arising from Gillett’s demise is that if any financial institution were insane enough to lend Tom Hicks the money, he now has the right to buy out Gillett’s 50% of the club.
That’s scary. But a more agreeable way of looking at it is to imagine Hicks and Gillett handcuffing themselves to each other on that fateful day they entered into that Joint & Several pact. Gillett has now given up; he’s jumped off the pier. A horrified Tom Hicks realises he’s still cuffed to him. He clings on by his fingertips as his former partner sinks, his dead weight dragging Hicks closer and closer to the edge. Hicks, wild-eyed, is pleading to the merchant seamen who pass by, begging them to grab his hand and haul him back from the brink. One or two of them come over for a look, but recognise Hicks as the man who killed their trade in Brazil, or Texas… it’s just not worth them getting involved with a man like this. He’ll always shaft you in the end, so they turn a deaf ear to his pleas for one last chance. If Hicks can’t get someone to throw him a lifeline, he’s going down with Gillett, and soon.
Just as Kirdi was in all likelihood a stooge created by Gillett, for the precise purpose of wheeling him out as a stalking horse whenever an offer came in for the club, it’s equally likely that the Blackstone bombshell is Hicks’s last gamble; an empty bluff from a poker player who doesn’t have a hand. But from the RBS’s and from a legal point of view, it’s still complicated. Martin Broughton, Christian Purslow and Ian Ayre are not the enemy. They are carefully and skilfully navigating a path through a minefield, keeping a keen eye on what needs to happen (Gillett and Hicks out) and the strict legalities and procedures for bringing that about. To give just one blunt example, a recent report about Hicks’ refinancing fiasco stated that Martin Broughton is “open minded†about the prospect of Hicks staying on. He can hardly state otherwise, can he? Any suggestion, let alone confirmation that Broughton was not acting in the best interests of the owners would only lead to another hiatus as Hicks stalls and sues and refuses to go. Equally, the supposed Purslow Smirk after today’s game is much more likely to be “if only I could tell you…†rather than “why should I careâ€. The U.K-based element of the board have gone through a lengthy and diligent legal process to ascertain what they can lawfully do to prevent Gillett and Hicks from re-financing. They’re hardly going to blow it now by playing to the crowd.
Me neither. That’s all for now. Go to bed knowing that it’s not over yet. But neither is it Over.
Latest from Bamba;
I haven’t posted on the takeover for some time, and for a variety of reasons - chief of which was a growing feeling that the information provided was actually helping Hicks and Gillett work out where the threat was coming from and concentrate their efforts on digging the dirt and launching a fightback. But today has been a woeful end to a depressing week and amid all the gloom I feel that people should know that all is not lost. Nonetheless, I won’t believe Hicks and Gillett have gone until their names no longer feature in our club profiles, so I’ll keep this as informative as possible without being specific. As ever, take it at face value or bin it. And as has always been the intention, I’ll spill the beans, fully, when it’s safe to do so.
Firstly, huge respect and support to the groups and individuals who continue to fight the good fight. There is no doubt that the campaigns work, and we should continue to keep on with the emails, petitions, adverts, T-shirts and all other forms of protest and direct action until Hicks and Gillett are gone.
But in no particular order, here are some things that are still worth knowing. The Rocket was launched. It scored a direct hit. Most of the regular posters on this forum are decent and humane people who take little pleasure in the suffering of others. Knowing that George Gillett has retreated to his mountain hideaway, shell-shocked, punch-drunk and waving the white flag will no doubt distress the many who have come to view this jovial old devil as one of our own.
Hicks and Gillett entered into a “Joint & Several†arrangement when they re-financed the time before last. That means they’re responsible for one another’s LFC obligations if one or the other defaults. As a result of the direct hit, George Gillett has been bankrupted and stands no chance of paying his share of the RBS debt by 6th October. Tom Hicks is now legally obligated to pay Gillett’s 50% of the debt. So the obvious danger arising from Gillett’s demise is that if any financial institution were insane enough to lend Tom Hicks the money, he now has the right to buy out Gillett’s 50% of the club.
That’s scary. But a more agreeable way of looking at it is to imagine Hicks and Gillett handcuffing themselves to each other on that fateful day they entered into that Joint & Several pact. Gillett has now given up; he’s jumped off the pier. A horrified Tom Hicks realises he’s still cuffed to him. He clings on by his fingertips as his former partner sinks, his dead weight dragging Hicks closer and closer to the edge. Hicks, wild-eyed, is pleading to the merchant seamen who pass by, begging them to grab his hand and haul him back from the brink. One or two of them come over for a look, but recognise Hicks as the man who killed their trade in Brazil, or Texas… it’s just not worth them getting involved with a man like this. He’ll always shaft you in the end, so they turn a deaf ear to his pleas for one last chance. If Hicks can’t get someone to throw him a lifeline, he’s going down with Gillett, and soon.
Just as Kirdi was in all likelihood a stooge created by Gillett, for the precise purpose of wheeling him out as a stalking horse whenever an offer came in for the club, it’s equally likely that the Blackstone bombshell is Hicks’s last gamble; an empty bluff from a poker player who doesn’t have a hand. But from the RBS’s and from a legal point of view, it’s still complicated. Martin Broughton, Christian Purslow and Ian Ayre are not the enemy. They are carefully and skilfully navigating a path through a minefield, keeping a keen eye on what needs to happen (Gillett and Hicks out) and the strict legalities and procedures for bringing that about. To give just one blunt example, a recent report about Hicks’ refinancing fiasco stated that Martin Broughton is “open minded†about the prospect of Hicks staying on. He can hardly state otherwise, can he? Any suggestion, let alone confirmation that Broughton was not acting in the best interests of the owners would only lead to another hiatus as Hicks stalls and sues and refuses to go. Equally, the supposed Purslow Smirk after today’s game is much more likely to be “if only I could tell you…†rather than “why should I careâ€. The U.K-based element of the board have gone through a lengthy and diligent legal process to ascertain what they can lawfully do to prevent Gillett and Hicks from re-financing. They’re hardly going to blow it now by playing to the crowd.
Me neither. That’s all for now. Go to bed knowing that it’s not over yet. But neither is it Over.
Re: Merged Topics: Club Refinance Thread
I thought that G&H only secured refinancing last time because they agreed to sell the club and the banks appointees were charged with doing this with veto over who buys it?
In short does Hicks have the option of refinancing?
If so does it then make the terms of the last refinancing unenforceable?
I thought that G&H only secured refinancing last time because they agreed to sell the club and the banks appointees were charged with doing this with veto over who buys it?
In short does Hicks have the option of refinancing?
If so does it then make the terms of the last refinancing unenforceable?
Re: Merged Topics: Club Refinance Thread
Strangley enough I tought Gillette was the man with still some money. He managed to sell Canadians hockey team with a profit, where Hicks had to see Texas Rangers go bancrupt and under the public auction with no money left over.
Strangley enough I tought Gillette was the man with still some money. He managed to sell Canadians hockey team with a profit, where Hicks had to see Texas Rangers go bancrupt and under the public auction with no money left over.
Re: Merged Topics: Club Refinance Thread
[quote author=spider-neil link=topic=41783.msg1178181#msg1178181 date=1284969985]
there were people that were saying no way would hick manage to get refinance, if you have enough assets there is always someone willing to loan you money, always.
[/quote]
Neil I think the people you are talking about ( me anyway) were of the belief that RBS would not refinance. None of us could know whether they would find someone else to do it
[quote author=spider-neil link=topic=41783.msg1178181#msg1178181 date=1284969985]
there were people that were saying no way would hick manage to get refinance, if you have enough assets there is always someone willing to loan you money, always.
[/quote]
Neil I think the people you are talking about ( me anyway) were of the belief that RBS would not refinance. None of us could know whether they would find someone else to do it
Re: Merged Topics: Club Refinance Thread
I hope more information can be revealed about this 'joint and several' arrangement; because I cannot for the life of me picture a scenario where the loans taken out by one are payable by the other.
That would suggest a personal guarantee by each to the other.
I think there's some wording that needs to be carefully checked.
I hope more information can be revealed about this 'joint and several' arrangement; because I cannot for the life of me picture a scenario where the loans taken out by one are payable by the other.
That would suggest a personal guarantee by each to the other.
I think there's some wording that needs to be carefully checked.
Re: Merged Topics: Club Refinance Thread
[quote author=ragehard link=topic=41783.msg1178240#msg1178240 date=1284976332]
Talk about spin from bamba. All that means is that hicks gets to buy out uncle George at the original amount. Bargain for 50% club ownership
[/quote]
Bargain if you have it in straight cash. Not bargain if you have to borrow for 20% interest with no money to repay it with.
[quote author=ragehard link=topic=41783.msg1178240#msg1178240 date=1284976332]
Talk about spin from bamba. All that means is that hicks gets to buy out uncle George at the original amount. Bargain for 50% club ownership
[/quote]
Bargain if you have it in straight cash. Not bargain if you have to borrow for 20% interest with no money to repay it with.
Re: Merged Topics: Club Refinance Thread
[quote author=Hansern link=topic=41783.msg1178348#msg1178348 date=1284986668]
From Twitter, been very well informed up to now as well. Journo working for Bloomberg.
tariqpanja
Blackstone not interested in #LFC debt deal after holding initial talks with Hicks, people say
[/quote]
Even private equity sharks like those guys want to see their money back eventually. LFC might be good for it (eventually) but that fat f'ck isn't going to be, not as long as he's got a hole in his @rse.
[quote author=Hansern link=topic=41783.msg1178348#msg1178348 date=1284986668]
From Twitter, been very well informed up to now as well. Journo working for Bloomberg.
tariqpanja
Blackstone not interested in #LFC debt deal after holding initial talks with Hicks, people say
[/quote]
Even private equity sharks like those guys want to see their money back eventually. LFC might be good for it (eventually) but that fat f'ck isn't going to be, not as long as he's got a hole in his @rse.
Re: Merged Topics: Club Refinance Thread
You've gotta love Bamba.
You've gotta love Bamba.
Re: Merged Topics: Club Refinance Thread
http://www.guardian....pool-blackstone
Blow for Tom Hicks as Blackstone refuses to refinance Liverpool's loans
• Private equity firm ends talks with co-owner
• Last-ditch attempt to pay off RBS debt founders
Blackstone Group, the private equity firm said to be on the verge of backing Tom Hicks in his last ditch bid to retain control of Liverpool FC in the face of fierce fan opposition, is understood to have ended all talks with the Texan.
Hicks had approached GSO Capital Partners, the debt restructuring arm of the private equity group, to secure the funds required to repay the £237m outstanding to the Royal Bank of Scotland in the middle of next month and remain in control of the club.
It had been reported that a £280m, two-year package had been agreed in principle. But it is understood that, although talks took place between GSO and Hicks, they ended without a firm offer on the table. The Guardian has learned that GSO has now walked away and there is no chance of the Blackstone subsidiary lending Hicks the money. Liverpool fans' groups over the weekend made clear the depth of their hostility to the idea that Hicks could be bailed out by GSO, effectively buying him more time to find a new investor willing to pay a premium on the £218.9m the Americans paid for the club in 2007.
Hicks met with the club's chairman, Martin Broughton, and the rest of the Liverpool board last week to outline his plan. RBS, which throughout has maintained that it wishes to find a solution that is in the best long term interests of the club, would nevertheless have no further say in the matter if its loan was repaid in full.
Hicks and George Gillett put Liverpool up for sale in April, with RBS parachuting in Broughton to lead the sale process. But despite a series of high profile approaches, from Rhone Capital and Kenny Huang, no proper bid was ever lodged.
Hicks had hoped that the funding would allow him to take full control, pay down the debt and provide funds for players. Now that Blackstone has walked away, it leaves him desperately searching for a replacement loan before the mid-October refinancing deadline. It would also see Gillett's 50% stake diluted, with the Colorado-native staying at Liverpool in an inactive role.
A first attempt by Hicks to refinance the debt was rejected earlier this year by the Liverpool board to allow Barclays Capital to continue the ongoing search for a buyer. If Hicks approached the board with a new proposal, it is believed that they would also look to block it, although lawyers are split on whether they would be able to do so under company law.
http://www.guardian....pool-blackstone
Blow for Tom Hicks as Blackstone refuses to refinance Liverpool's loans
• Private equity firm ends talks with co-owner
• Last-ditch attempt to pay off RBS debt founders
Blackstone Group, the private equity firm said to be on the verge of backing Tom Hicks in his last ditch bid to retain control of Liverpool FC in the face of fierce fan opposition, is understood to have ended all talks with the Texan.
Hicks had approached GSO Capital Partners, the debt restructuring arm of the private equity group, to secure the funds required to repay the £237m outstanding to the Royal Bank of Scotland in the middle of next month and remain in control of the club.
It had been reported that a £280m, two-year package had been agreed in principle. But it is understood that, although talks took place between GSO and Hicks, they ended without a firm offer on the table. The Guardian has learned that GSO has now walked away and there is no chance of the Blackstone subsidiary lending Hicks the money. Liverpool fans' groups over the weekend made clear the depth of their hostility to the idea that Hicks could be bailed out by GSO, effectively buying him more time to find a new investor willing to pay a premium on the £218.9m the Americans paid for the club in 2007.
Hicks met with the club's chairman, Martin Broughton, and the rest of the Liverpool board last week to outline his plan. RBS, which throughout has maintained that it wishes to find a solution that is in the best long term interests of the club, would nevertheless have no further say in the matter if its loan was repaid in full.
Hicks and George Gillett put Liverpool up for sale in April, with RBS parachuting in Broughton to lead the sale process. But despite a series of high profile approaches, from Rhone Capital and Kenny Huang, no proper bid was ever lodged.
Hicks had hoped that the funding would allow him to take full control, pay down the debt and provide funds for players. Now that Blackstone has walked away, it leaves him desperately searching for a replacement loan before the mid-October refinancing deadline. It would also see Gillett's 50% stake diluted, with the Colorado-native staying at Liverpool in an inactive role.
A first attempt by Hicks to refinance the debt was rejected earlier this year by the Liverpool board to allow Barclays Capital to continue the ongoing search for a buyer. If Hicks approached the board with a new proposal, it is believed that they would also look to block it, although lawyers are split on whether they would be able to do so under company law.
Re: Merged Topics: Club Refinance Thread
[quote author=doctor_mac link=topic=41783.msg1178363#msg1178363 date=1284988162]
You've gotta love Bamba.
[/quote]
Lol....i have not seen any other guy who finds the need to declare that he is a self-absorbed cock before actually making any point or divulging any information (which he didn't in this case...i read it twice).
I have completely lost all interest on the ownership front.
I think i better stay away from this thread....it makes for dreadful reading.
[quote author=doctor_mac link=topic=41783.msg1178363#msg1178363 date=1284988162]
You've gotta love Bamba.
[/quote]
Lol....i have not seen any other guy who finds the need to declare that he is a self-absorbed cock before actually making any point or divulging any information (which he didn't in this case...i read it twice).
I have completely lost all interest on the ownership front.
I think i better stay away from this thread....it makes for dreadful reading.
Re: Merged Topics: Club Refinance Thread
I like this bit:
"I’ll keep this as informative as possible without being specific."
I like this bit:
"I’ll keep this as informative as possible without being specific."
S
Squiggles
Guest
Re: Merged Topics: Club Refinance Thread
I'm amazed Bamba has the audacity to keep posting after the Huang shenanigans.
He's hilarious.
I'm amazed Bamba has the audacity to keep posting after the Huang shenanigans.
He's hilarious.
Re: Merged Topics: Club Refinance Thread
[quote author=Squiggles link=topic=41783.msg1178378#msg1178378 date=1284990306]
I'm amazed Bamba has the audacity to keep posting after the Huang shenanigans.
He's hilarious.
[/quote]
The same could also be said for Tony Barrett and the other Tony at The Times.
[quote author=Squiggles link=topic=41783.msg1178378#msg1178378 date=1284990306]
I'm amazed Bamba has the audacity to keep posting after the Huang shenanigans.
He's hilarious.
[/quote]
The same could also be said for Tony Barrett and the other Tony at The Times.
Re: Merged Topics: Club Refinance Thread
[quote author=Y1 link=topic=41783.msg1178396#msg1178396 date=1284992800]
Why isn't anyone rejoicing and shouting on the roof top now that GSO has walked away from lending Hicks?
Sure sign of spin fatigue and dizziness from too much spin?
[/quote]
there can be no true celebration until those two bastards have been removed.
[quote author=Y1 link=topic=41783.msg1178396#msg1178396 date=1284992800]
Why isn't anyone rejoicing and shouting on the roof top now that GSO has walked away from lending Hicks?
Sure sign of spin fatigue and dizziness from too much spin?
[/quote]
there can be no true celebration until those two bastards have been removed.
Re: Merged Topics: Club Refinance Thread
[quote author=spider-neil link=topic=41783.msg1178398#msg1178398 date=1284993105]
[quote author=Y1 link=topic=41783.msg1178396#msg1178396 date=1284992800]
Why isn't anyone rejoicing and shouting on the roof top now that GSO has walked away from lending Hicks?
Sure sign of spin fatigue and dizziness from too much spin?
[/quote]
there can be no true celebration until those two bastards have been removed.
[/quote]
Their end is nigh....
[quote author=spider-neil link=topic=41783.msg1178398#msg1178398 date=1284993105]
[quote author=Y1 link=topic=41783.msg1178396#msg1178396 date=1284992800]
Why isn't anyone rejoicing and shouting on the roof top now that GSO has walked away from lending Hicks?
Sure sign of spin fatigue and dizziness from too much spin?
[/quote]
there can be no true celebration until those two bastards have been removed.
[/quote]
Their end is nigh....
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