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LFC SOLD to NESV.

Re: Club Refinance Thread

Share we go again: Liverpool fans on living with the Bluenoses
Written by Robbo Huyton Tuesday, 28 September 2010 09:49

THE prospect of a Liverpool-Everton groundshare has AGAIN reared its head following comments from Kenny Dalglish and Bill Kenwright. Here, two Liverpool fans on opposite sides of the fence debate whether it should ever be allowed to happen.

YES - says IAN LATTA.

IT’S time we got real. We need a new stadium and quick and the only way I can now see that happening is if we share with Everton.
You’d be surprised how easy that trips off the tongue when you think about it.

A few years ago, I’d have never let that thought cross my mind, let alone write it in a magazine.

I’d have been that fella chained to the bulldozer or scaling the top of the Main Stand, (well, I would if I wasn’t scared of heights) screaming ‘til the end to make it all stop.

Things have changed massively since then. Debt, results, the emergence of Chelsea and, now, Man City, Spurs and Villa.

Now it just seems madness to me for both Liverpool and Everton to want to build 50,000 to 75,000 seater stadiums in the same city when our grounds are a mile apart from each other.

Why would we want to saddle ourselves with tonnes of debt to build it just so we could say it’s all ours and nobody else's?

You’d think as Liverpool fans we’d run a mile when the ‘D’ word is mentioned. We’ve had a bellyful of loan repayments to last us a lifetime.

All this for a stadium which is used for two league matches a month, maybe a European match and maybe a domestic cup match. So, for the rest
of the time, it does nowt apart from the odd conference, Istanbul night and Christmas do.

The sums don’t add up any more.

See footie stadiums don’t come cheap. Talk is now around the £250million-£300m mark to build the new Anfeld. We can’t afford that. Who’s going to buy the club, clear most of the debt then shell out another huge wedge on a new stadium?

The only way forward for us is to look at a shared stadium with North West Development Agency and Liverpool City Council as investment partners.

Think of the millions we could invest in the team to buy another Torres, a Villa, a Silva, if we had a shared stadium.

Now I can already hear those who think this is the worst idea since last issue when I said it was time for Rafa to go – and jab their fngers on how
the Italian teams don’t want shared stadiums anymore.

Well, let’s look at Italy. Yes, both Inter and Milan apparently want their own stadiums and Juventus are set to move to their own ground next year.

But the thing here is that I’m not holding up the Italian way as some sort of panacea to our woes, just that other clubs have shared grounds and it can work.

See it’s simple. We have the shared stadium which means building costs are halved (or slimmed down massively if the city council and NWDA chip in).

On our home match days, we keep all the ticket receipts, hospitality, pies and programmes, Everton do the same on theirs.

The stadium is named after a sponsor like Arsenal’s Emirates which injects more cash towards the build cost. The seats are the corporate colours of the stadium sponsor, which in turn increases the sponsorship cost.

You get some fancy lighting system in like the Allianz Arena which glows red when Bayern Munich are at home and blue when 1860 Munich is playing and voila, you have one shared stadium.

The Kop is at one end, the Gwladys Street is at the other. Shanks statue, Paisely arches and Eternal Flame are outside the new Kop, Dixie Dean is on the other side.

It would be 65,000 seats – a modest capacity but I think realistic in these times and a number we’d actually fill, with the ability to ‘fill in’ seats at a
alter date and ‘lose’ them for Everton’s home matches if they couldn’t sell out their home matches.

If they can build stadiums where the pitch can come out of the ground and when seats can be removed to reveal an athletics track, then they can remove seats for Everton’s home matches.

All the sponsors and ad hoardings would be electronic –like the pitch-side ones we have now – which means the adverts and club specifc ads could be changed with a click of a mouse depending on who’s at home.

Ok, so that’s stadium name sorted, seat colours, receipts, capacity and ownership sorted. See, it’s not that diffcult.

The biggest obstacle we have isn’t logistics, it’s mindset. We’ve been brought up to think that we always have to have our own stadium – that that’s the way we do things over here.

But it doesn’t always have to be that way. What did Barrack Obama say – change we can believe in.

Would you really care what colour the seats were, what the stadium was called, who owned it as long as we were winning regularly again?
If the money saved from building our own stadium could be ploughed into the team to win the fabled 19th?

This isn’t about selling our sole for the sake of winning, it’s about being practical in tough times.

I know stadiums are part of a club’s identity, of course they are, but in my view nights like St Etienne or the Chelsea Champions League semi-fnal in 2005 were made by the fans – not by the stadium.

Ian is an Anfeld season-ticket holder.



NO - says GARETH ROBERTS

REMEMBER Meja? A (crap) Swedish pop singer who in 1998 had a hit with ‘All ‘bout the money’?
Well, she, like people arguing for a groundshare, got it all wrong.

“It’s all about the money, it’s all about the dum dum duh dee dum dum. I don’t think it’s funny. To see us fade away. It’s all about the money...â€

So went said song. Any move to share with Everton would be all about the money – and it would see us fade away.

Smart-suited bean counters like Christian Purslow can bang on about business all they like - football is NOT all about the money.

Imagine telling Catholics their cathedral in Liverpool was closing and they had to go over the road and share with the Church of England.

Forget history, forget your religion, this is the future. This is business. We’re knocking down the place that you’ve called home, flogging the land and now you have to share.

It would never happen, of course. There would be uproar.

Yet it seems perfectly acceptable to suggest that my cathedral - Anfeld – should be closed (bad enough in itself) and that the club I love, Liverpool FC, should share a new ground in Stanley Park with that shower from the other side of said park, Everton.

Well sorry, no. Never. On so many levels, it’s a non-starter.

A club’s ground is central to its identity – it is its home, its powerbase, and it’s the cathedral for the fans’ religion: Liverpool.

To share it with your bitterest rivals would dilute everything to do with Liverpool FC – from the matchday experience to the framed picture of your club’s home.

It would be the end of a combined 250 years of footballing history - that’s how long Liverpool and Everton have lived in their OWN homes.

And how would it work? What would the stands be called? What colour would the seats be? Where would the Shankly Gates go? And what about the statue of good old Bill? Or the one of Dixie Dean at Everton?

Just move them, right? Wrong! Just move them! Why don’t we move Stonehenge? Six thousand years of history? So what – it would probably attract more visitors in London, stick it there, ‘ey?

What about the Liver Buildings? Bit out the way down there on the Mersey aren’t they? Stick ‘em in the middle of town – they’ll make more money there.

Liverpool has lost enough of its identity in recent times without sharing a ground.

And if we HAVE to move (or if the club simply refuse to consider redeveloping Anfeld) then if we’re going to have a soulless bowl of a stadium, I want it to be our soulless bowl of a stadium.

And not one with red and blue flashing lights either – this is Liverpool, not Blackpool.

It’s not about money, or business. It’s sport, it’s a team, a club, something that represents the city and means an awful lot to a hell of a lot.

Not only that, but the business argument appears flawed. Inter and AC Milan is always trotted out as this shining example of how groundshares DO work.

Well do your research, it doesn’t. If it does, why have Inter Milan paid for feasibility studies into building their own ground?

What about Roma and Lazio, they share? Yep, they hate it, too.

According to Comperio, the company approached by Inter to conduct the studies, sharing a stadium “inhibits the revenue that can be generated by Inter developing premium corporate facilitiesâ€.

So as the whole reason in the first place for wanting a new – or bigger – stadium is to generate more money to catch up with the Mancs, Arsenal, Chelsea, why not do it right?

And what about the city of Liverpool?

Two stadiums, two sets of jobs – two sets of sponsors. There’s a bigger picture.

If Manchester, Sheffeld, Nottingham, and Bristol can have two teams with two grounds, why can’t we?

Why do we have be the English testing ground for this supposedly visionary approach?

And if we merge the grounds, what next? Merge the teams? Half-red, half-blue kits with players turning out for Merseyside United or Everpool?

Silly maybe, but so is this groundshare idea. An idea that only came to light again because Everton’s Kirkby stadium fell through and is now being revisted due to Tom Hicks and George Gillett's 'all talk and no action' reign at Anfield.

David Moyes was asked about the prospect of sharing after the Tesco Value Stadium went tits up. “Maybe Everton need it more than they (Liverpool) do at this moment in time,†he said.

Too right. Because while we are in the the mire fnancially thanks to that pair of Yankers, Everton aren’t exactly rolling in it either.

Good old Billy Kenwright has been looking for a deep-pocketed Bluenose for years to either build a new ground or start saving the crumbling relic that is Woodison.

Well sorry Blues, clear up your own mess - we’re not bailing you out - why would we want to give our rivals a lift?

If we leave Anfeld (and the Football Quarter plan proves we don’t have to) then we’ll leave for a new Anfeld, the new home of Liverpool Football Club...and no-one else.

Share with Everton? As one wag put it on an LFC forum: ‘I’d rather share a tent with Purple Aki.’

Gareth is editor of Well Red
 
Re: Club Refinance Thread

Wow, that's a long article.

Insig, Hicks will refinance some way. Even if it defies logic and everything else. I can just *feel* it.
 
Re: Club Refinance Thread

[quote author=Halmeister link=topic=41783.msg1183894#msg1183894 date=1285673620]
Wow, that's a long article.

Insig, Hicks will refinance some way. Even if it defies logic and everything else. I can just *feel* it.
[/quote]

I hear you... Murphys law will probably hit us hard, and the closer we get to any deadline the bigger the blow will be...
 
Re: Club Refinance Thread

Yup, agree.

Somewhere, some how, he will get the cash to refinance us.

That's just our story....
 
Re: Club Refinance Thread

Well, another way of looking at it is that our story has to change SOMEtime. Hicks getting turned down by Blackstone recently was very significant indeed. Blackstone make their money from taking risks, plus their CEO is supposedly a mate of Hicks. If even they decided against refinancing the fat cowboy, others will look at that and will also be put off. I won't be happy till it's official that H and G don't own us any more, but at the moment I'm cautiously optimistic.
 
Re: Club Refinance Thread

[quote author=Judge Jules link=topic=41783.msg1183915#msg1183915 date=1285676390]
Well, another way of looking at it is that our story has to change SOMEtime. Hicks getting turned down by Blackstone recently was very significant indeed. Blackstone make their money from taking risks, plus their CEO is supposedly a mate of Hicks. If even they decided against refinancing the fat cowboy, others will look at that and will also be put off. I won't be happy till it's official that H and G don't own us any more, but at the moment I'm cautiously optimistic.
[/quote]

Yep, sums it up nicely.
 
Re: Club Refinance Thread

[quote author=Halmeister link=topic=41783.msg1183894#msg1183894 date=1285673620]
Wow, that's a long article.

Insig, Hicks will refinance some way. Even if it defies logic and everything else. I can just *feel* it.
[/quote]

yep, same here :'(
 
Re: Club Refinance Thread

Everything I've read dictates that Hicks will find it next to impossible to re-finance the club.

Investors will be waiting until RBS takes control and shifts it on quickly.

I'm quite relaxed about the situation.
 
Re: Club Refinance Thread

Everyone is missing the main point from the piece r4pm posted

"I'd rather share a tent with purple aki"

fantastic
 
Re: Club Refinance Thread

Gym memberships have soared since he's been locked up.
 
Re: Club Refinance Thread

Liverpool FC's American owners may have just 17 days left at Anfield
Sep 29 2010

LIVERPOOL FC’s American co-owners may have just 17 days left in control at Anfield.

The deadline for repaying their £237m debt, the majority of which is held by Royal Bank of Scotland (RBS), expires next month.

October 6 has long been the deadline day in many fans’ diaries for Tom Hicks and George Gillett to repay their debts. But the ECHO understands that Friday, October 15 is the earliest date the Americans debt will be called in by chief creditor, RBS.

And even that provisional deadline is likely to slip a further seven days as the bank seeks to facilitate an orderly transition of power at the club.

It is understood that the bank would rather that the club is sold to a new owner by October 15.

But given the over-optimistic £600m-plus valuations that Hicks, in particular, has placed on the club it remains likely that a sale will not be complete by that deadline.

Potential bidders will not pay over the odds and are waiting to snap up the club for the cheapest possible price.Talks with two serious prospective bidders are thought to be at a relatively advanced stage, although formal offers are a way off. Chairman Martin Broughton, managing director Christian Purslow, and commercial director Ian Ayre are understood to be keen to not just accept the highest bid.

Instead the trio, who have a majority on the board, want to secure investment in the playing squad and a new stadium as well as paying off the club’s debts.

It has been suggested the lower of two rival bids may be more attractive to the Liverpool board, if it was considered that it would put the club on a firm footing for the future.

Ultimately the bank could force the holding company which owns LFC into administration and seek to sell the club itself, but this is seen as a last resort.

The prospect of getting little or no profit from the sale of the club has led to Hicks carrying out a worldwide trawl in a bid to refinance the debt.

It is feared the creation of an investment company Hicks Acquisition II is part of his plan to retain control.

Papers registered with the USA’s Securities and Exchange Commission, show Hicks Acquisition II is seeking to raise $230m (£145m).

Shares are being offered for $10 in the "newly organised blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses."

The initial public offering papers also warn prospective investors that "investing in our securities involves a high degree of risk".

The company is registered at the same address as Hick’s Holdings – from where Hicks conducts his business affairs.

The underwriters for the deal are Citi Bank and Deutsche Bank Securities, with the company expected to start trading on Thursday, October 7.

Meanwhile, details of a protest march before the Liverpool home game against Blackpool were unveiled by Reds fans union Sprit of Shankly (SOS).

The gathering will leave from the supporters club on Walton Breck Road at 1.45pm and proceed to the stadium where a demonstration is likely to take place.

Judging by previous turn-outs, thousands could join the throng campaigning against Hicks and Gillett.Today, SOS said they had set their own deadline of October 31 for the RBS to engage them on the subject of supporter ownership in the club.

Spokesman James McKenna said: "At the moment, the bank seem to be pushing us away, but we want solutions to this mess and that involves us.

"It’s the Liverpool fans who will inevitably end up paying off the debt. "Our preferred scenario is that RBS will say no to a refinancing deal, but listen to our proposals for supporter involvement in the club."
 
Re: Club Refinance Thread

If it's true that this new company Hicks is setting up is looking to raise £147 mill, that's not enough to pay RBS back. Could it be that he's finally accepted his time is up at LFC and this new venture is an attempt to start recouping the loss he now expects to make when the club is sold? And what are his chances of raising even that much in barely a fortnight anyway when he's had numerous doors shut in his face already?

Fingers crossed.
 
Re: Club Refinance Thread

RBS seem very reluctant to take the neccesary step though. I still hope we'll find a buyer in 17 days, and if it's true that 2 parties are in advanced talks, nothing will change if Hicks doesn't drop his asking price.

Will be a very nervewrecking 17-24 days. I'm starting to believe he won't be able to refinance, but can't see us getting new owners until that valuation gets realisitc.
 
Re: Club Refinance Thread

I don't think it'll work like that. If Hicks doesn't refinance, RBS will have to take over for a brief period to get the club sold. They want their money back and I can't see them leaving things in limbo any more.
 
Re: Club Refinance Thread

Hard to say though.

If talks are indeed advanced, then I think the taking over scenario is very possible.

RBS would certainly be willing to sell at a far lower price than the Yanks would have, and this is the crux of the issue I'd say.

If there really isnt any serious interest from potential buyers, there is every possibility of at least a temporary extension being gvn on the loan. I still think refinancing for any long-term period is unlikely though. Hopefully.
 
Re: Club Refinance Thread

Well, we can't know for certain until 15 Oct.arrives, but I don't see "every" possibility of the loan being extended, not with the bank's CEO - already on record as saying the loan was excessive - having taken personal charge of the case. The prospect is obv.not completely impossible but I reckon it's pretty close to that.
 
Re: Club Refinance Thread

I can't see anyone buying it before the deadline, while H&G are still in the equation, it would be much cleaner and less messy to buy it from the bank, as well as much cheaper.
Unless of course they are prepared to pay a bit of a premium now and take it now and avoid a possible bun fight, after the deadline, which would also suit the bank, and I think they would be prepared to contribute in a small way towards that, to try and avoid further complications.

regards
 
Re: Club Refinance Thread

[quote author=Judge Jules link=topic=41783.msg1184193#msg1184193 date=1285749681]
Well, we can't know for certain until 15 Oct.arrives, but I don't see "every" possibility of the loan being extended, not with the bank's CEO - already on record as saying the loan was excessive - having taken personal charge of the case. The prospect is obv.not completely impossible but I reckon it's pretty close to that.
[/quote]

I recall that the status of the loan to H&G was made 'toxic' by RBS.

Wouldn't it would be very unusual to refinance a toxic loan?
 
Re: Club Refinance Thread

Exactly so.

Vlad, interesting post and price is clearly going to be crucial to any buyer, but in this case more than most. Any such buyer will know some quite hefty investment will be needed to pump-prime the club for getting back to/near the top, so (in addition to wanting to anyway) they'll have to minimise the price they pay in order to have as much cash as possible free to invest afterwards. In terms of a possible pre-deadline sale, therefore, my guess is much will depend on how likely any prospective buyer thinks H and G are to go to law if the club is sold out from under them.
 
Re: Club Refinance Thread

I'm mainly looking for a new owner to pay down debt and start the stadium. that's enough, if our interest payments are low we make enough a year to properely invest in the team.
 
Re: Club Refinance Thread

Just a change of owner to lift the gloom would be nice, followed by news that the debt had been repaid.

New stadiums and transfer war chests can follow later.

I long for the days when football was about watching the match not about money and politics.

I'm so naive I still think Football is a sport.
 
Re: Club Refinance Thread

[quote author=jexykrodic link=topic=41783.msg1184220#msg1184220 date=1285752584]
Just a change of owner to lift the gloom would be nice, followed by news that the debt had been repaid.

New stadiums and transfer war chests can follow later.

I long for the days when football was about watching the match not about money and politics.

I'm so naive I still think Football is a sport.




[/quote]

Agree with this.
 
Re: Club Refinance Thread

[quote author=jexykrodic link=topic=41783.msg1184220#msg1184220 date=1285752584]
Just a change of owner to lift the gloom would be nice, followed by news that the debt had been repaid.

New stadiums and transfer war chests can follow later.

I long for the days when football was about watching the match not about money and politics.

I'm so naive I still think Football is a sport.




[/quote]

when you consider the state of performances on the pitch, reading up on off the pitch is actually more exciting.
 
Re: Club Refinance Thread

also the entire debt doesn't have to be paid off, it just needs to be payed down to an amount we can comfortably afford after wages and new signings.
 
Re: Club Refinance Thread

[quote author=spider-neil link=topic=41783.msg1184223#msg1184223 date=1285752837]
also the entire debt doesn't have to be paid off, it just needs to be payed down to an amount we can comfortably afford after wages and new signings.
[/quote]

Well, if RBS take over the stocks, and then sell them, I guess there is no depth on the club. How the buyer gets his money is not my concern as long as it is not towards the club as security.

We will probably have to accept some depth on the club regarding the new stadium, but that is another story.
 
Re: Club Refinance Thread

[quote author=Insignificance link=topic=41783.msg1184228#msg1184228 date=1285753440]
[quote author=spider-neil link=topic=41783.msg1184223#msg1184223 date=1285752837]
also the entire debt doesn't have to be paid off, it just needs to be payed down to an amount we can comfortably afford after wages and new signings.
[/quote]

Well, if RBS take over the stocks, and then sell them, I guess there is no depth on the club. How the buyer gets his money is not my concern as long as it is not towards the club as security.

We will probably have to accept some depth on the club regarding the new stadium, but that is another story.
[/quote]

the debt is going to be part of the sale, whoever buys us will buy the debt. my point is if someone bought us and (for example) played 20% of the debt back on the club as long as they started the stadium and pumped what the club makes back into the playing staff, I would have no problem with that.
 
Re: Club Refinance Thread

So in a little over a weeks time we'll be owned by the bank?
 
Re: Club Refinance Thread

[quote author=spider-neil link=topic=41783.msg1184217#msg1184217 date=1285752215]
I'm mainly looking for a new owner to pay down debt and start the stadium. that's enough, if our interest payments are low we make enough a year to properely invest in the team.
[/quote]

Where have you been looking, Neil? Sounds like you're giving Barcap a run for their money!
 
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