LFC SOLD to NESV.
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Re: Club Refinance Thread
[quote author=Farkmaster link=topic=41783.msg1189625#msg1189625 date=1286323100]
[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]I dont have any credit cards.
[quote author=Farkmaster link=topic=41783.msg1189625#msg1189625 date=1286323100]
[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]I dont have any credit cards.
Re: Club Refinance Thread
[quote author=SaintGeorge67 link=topic=41783.msg1189556#msg1189556 date=1286320399]
[quote author=spider-neil link=topic=41783.msg1189555#msg1189555 date=1286320348]
ashlingoc
#LFC imminent statement from hicks
uh-oh...
[/quote]
It'll either be:
a) we're gonna build that sucker
b) blow me fuck face
c) this winter's gonna be big
[/quote]
;D
[quote author=SaintGeorge67 link=topic=41783.msg1189556#msg1189556 date=1286320399]
[quote author=spider-neil link=topic=41783.msg1189555#msg1189555 date=1286320348]
ashlingoc
#LFC imminent statement from hicks
uh-oh...
[/quote]
It'll either be:
a) we're gonna build that sucker
b) blow me fuck face
c) this winter's gonna be big
[/quote]
;D
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]
Thanks, that saved me half an hour.
So, are we going to lose 9 points a week on Friday? Sounds like it.
[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]
Thanks, that saved me half an hour.
So, are we going to lose 9 points a week on Friday? Sounds like it.
Re: Club Refinance Thread
Really, I have to have a credit card simply to build a credit history, but more power to you, I've successfully avoided ever having any credit card debt.
The point is, there is a deadline, it's the exact point RBS decide it's not worth the risk anymore, and everything is pointing to this being the end, including this really open warfare.
Really, I have to have a credit card simply to build a credit history, but more power to you, I've successfully avoided ever having any credit card debt.
The point is, there is a deadline, it's the exact point RBS decide it's not worth the risk anymore, and everything is pointing to this being the end, including this really open warfare.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189626#msg1189626 date=1286323261]
I hope the two americans die. Soon.
[/quote]
[quote author=Herr Onceared link=topic=41783.msg1189626#msg1189626 date=1286323261]
I hope the two americans die. Soon.
[/quote]
Re: Club Refinance Thread
lies, lies, lies
lies, lies, lies
S
Squiggles
Guest
Re: Club Refinance Thread
[quote author=Sunny link=topic=41783.msg1189616#msg1189616 date=1286322452]
[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]
Thanks Sunny, this is spot on. It all depends on RBS I guess. But who has H and G got refinancing with?
I think the nuclear option has to be the players have to refuse to play, and the supporters have to refuse to attend, as long as they're in charge of the club. That has to force the hand.
Surely the fact that there is two buyers has to mean RBS can possess club and sell it on to get money back?
But if RBS re-possess club, surely H and G lose everything. But they get their initial investment back with a buyer? So why pick repossession? Are they pushing for a small profit perhaps?
And surely as long as they owe RBS money, they can't remove the lads from the board? But as Sunny said, as long as they are on the board they can't refinance? I'd love a legal poll on this one - Jesus, this really is palace intrique.
PS: a lot of people owe Purslow an apology tonight.
[quote author=Sunny link=topic=41783.msg1189616#msg1189616 date=1286322452]
[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]
Thanks Sunny, this is spot on. It all depends on RBS I guess. But who has H and G got refinancing with?
I think the nuclear option has to be the players have to refuse to play, and the supporters have to refuse to attend, as long as they're in charge of the club. That has to force the hand.
Surely the fact that there is two buyers has to mean RBS can possess club and sell it on to get money back?
But if RBS re-possess club, surely H and G lose everything. But they get their initial investment back with a buyer? So why pick repossession? Are they pushing for a small profit perhaps?
And surely as long as they owe RBS money, they can't remove the lads from the board? But as Sunny said, as long as they are on the board they can't refinance? I'd love a legal poll on this one - Jesus, this really is palace intrique.
PS: a lot of people owe Purslow an apology tonight.
Re: Club Refinance Thread
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
Re: Club Refinance Thread
[quote author=DHSC link=topic=41783.msg1189643#msg1189643 date=1286333806]
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
[/quote]
To label them thick is wrong they simply have a team of advisors who are trying to get them the most money possible.
[quote author=DHSC link=topic=41783.msg1189643#msg1189643 date=1286333806]
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
[/quote]
To label them thick is wrong they simply have a team of advisors who are trying to get them the most money possible.
Re: Club Refinance Thread
[quote author=Mistadobalina link=topic=41783.msg1189645#msg1189645 date=1286335331]
[quote author=DHSC link=topic=41783.msg1189643#msg1189643 date=1286333806]
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
[/quote]
To label them thick is wrong they simply have a team of advisors who are trying to get them the most money possible.
[/quote]
But ultimately it's up to them to make a decision? And given their number of years doing business, surely they should have a good feel of things?
[quote author=Mistadobalina link=topic=41783.msg1189645#msg1189645 date=1286335331]
[quote author=DHSC link=topic=41783.msg1189643#msg1189643 date=1286333806]
We should talk more about the Singapore girl since it seems to have brought to us some good news.
I really don't understand what H&G are thinking, they've got everything to lose. I can understand why they're blocking the sales (they're businessmen after all) but bloody hell, they sure are thick.
Hopefully everything can be settled before the derby.
[/quote]
To label them thick is wrong they simply have a team of advisors who are trying to get them the most money possible.
[/quote]
But ultimately it's up to them to make a decision? And given their number of years doing business, surely they should have a good feel of things?
Re: Club Refinance Thread
From the FT - more info
According to people with knowledge of the protracted and bitter sale process, the independent directors had planned to discuss the offers with the owners on a conference call, and hoped to move the discussion onto details about which of the two to accept.
It is understood the meeting began with the US owners stating they intended to oust the independent directors and change the board’s constitution. Mr Broughton adjourned the meeting to take advice and returned to tell them that they could not impose the moves.
But the owners, who have placed a much higher valuation on the club, were said to have told the board that they were not interested in the offers on the table, a response that was said by one person to have been expected. They then withdrew from the meeting.
The owners later released a statement saying they had been presented with offers that “dramatically undervalue the club†and did not reflect the investment they had made in Liverpool, which they put at more than $270m. They said they remained committed to the sale of the club, but added: “We will, however, resist any attempt to sell the club without due process or agreement by the owners.â€
Mr Hicks is believed to remain determined to refinance the debt, although he has had one proposal rejected by the independent board members in June after they took legal advice. The deadline for the repayment of the owners’ loan is Friday week.
According to another person with knowledge of the situation, NESV’s owner John Henry is in the UK with senior management figures with the intention of “closing the dealâ€.
While NESV has been interested in Liverpool for some weeks, the Far East interest is believed to have become known only in the past week. NESV’s thinking is that Liverpool would be another iconic sports brand to go with the Boston Red Sox and Roush Fenway Racing, one of the pre-eminent teams in Nascar racing.
But given the hostility of Liverpool fans to the Gillett-Hicks ownership, NESV is believed to be sensitive to any anti-US sentiment from supporters.
From the FT - more info
According to people with knowledge of the protracted and bitter sale process, the independent directors had planned to discuss the offers with the owners on a conference call, and hoped to move the discussion onto details about which of the two to accept.
It is understood the meeting began with the US owners stating they intended to oust the independent directors and change the board’s constitution. Mr Broughton adjourned the meeting to take advice and returned to tell them that they could not impose the moves.
But the owners, who have placed a much higher valuation on the club, were said to have told the board that they were not interested in the offers on the table, a response that was said by one person to have been expected. They then withdrew from the meeting.
The owners later released a statement saying they had been presented with offers that “dramatically undervalue the club†and did not reflect the investment they had made in Liverpool, which they put at more than $270m. They said they remained committed to the sale of the club, but added: “We will, however, resist any attempt to sell the club without due process or agreement by the owners.â€
Mr Hicks is believed to remain determined to refinance the debt, although he has had one proposal rejected by the independent board members in June after they took legal advice. The deadline for the repayment of the owners’ loan is Friday week.
According to another person with knowledge of the situation, NESV’s owner John Henry is in the UK with senior management figures with the intention of “closing the dealâ€.
While NESV has been interested in Liverpool for some weeks, the Far East interest is believed to have become known only in the past week. NESV’s thinking is that Liverpool would be another iconic sports brand to go with the Boston Red Sox and Roush Fenway Racing, one of the pre-eminent teams in Nascar racing.
But given the hostility of Liverpool fans to the Gillett-Hicks ownership, NESV is believed to be sensitive to any anti-US sentiment from supporters.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189660#msg1189660 date=1286344391]
BREAKING NEWS - Sky Sports : Liverpool agree takeover deal in principle with the owners of the Boston Red Sox.
[/quote]
Tru fax?
[quote author=Herr Onceared link=topic=41783.msg1189660#msg1189660 date=1286344391]
BREAKING NEWS - Sky Sports : Liverpool agree takeover deal in principle with the owners of the Boston Red Sox.
[/quote]
Tru fax?
Re: Club Refinance Thread
American which made huge profit from hedgefunds? WHy do I feel we are not rescued yet?
I think we have got demonstrated well that Americans dont know how to run a football club. I am not overexcited on this news..... I am absolutely not.
American which made huge profit from hedgefunds? WHy do I feel we are not rescued yet?
I think we have got demonstrated well that Americans dont know how to run a football club. I am not overexcited on this news..... I am absolutely not.
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189660#msg1189660 date=1286344391]
BREAKING NEWS - Sky Sports : Liverpool agree takeover deal in principle with the owners of the Boston Red Sox.
[/quote]
So we really are owned by a Yankee now?
[quote author=Herr Onceared link=topic=41783.msg1189660#msg1189660 date=1286344391]
BREAKING NEWS - Sky Sports : Liverpool agree takeover deal in principle with the owners of the Boston Red Sox.
[/quote]
So we really are owned by a Yankee now?
Re: Club Refinance Thread
I am proud of the fight the non-owners boardmembers have put in.
The screaming and jumping and legal battle from Fat Tom is actually not scaring me. I suspect that would happen. I said a couple of weeks ago that if they were allowed to bring in their own boardmembers they would have done so by now, so they must have agreed some very hefty compromises for RBS to agree refinancing last time around. The legal call from Hicks seem more like a case were he tells the lawyer how the law should be interpreted rather than the lawyer advising him. He is desperate to raise the moneybar here, but I assume he will eventually loose the grip. It seems like Gillett allready did, and dont be surprised if he will join the rest of the board against hicks. If he can rescue his outlay I guess he will try to do that.
I am proud of the fight the non-owners boardmembers have put in.
The screaming and jumping and legal battle from Fat Tom is actually not scaring me. I suspect that would happen. I said a couple of weeks ago that if they were allowed to bring in their own boardmembers they would have done so by now, so they must have agreed some very hefty compromises for RBS to agree refinancing last time around. The legal call from Hicks seem more like a case were he tells the lawyer how the law should be interpreted rather than the lawyer advising him. He is desperate to raise the moneybar here, but I assume he will eventually loose the grip. It seems like Gillett allready did, and dont be surprised if he will join the rest of the board against hicks. If he can rescue his outlay I guess he will try to do that.
Re: Club Refinance Thread
http://blogs.news.sky.com/kleinman/Post:43e2a294-d744-4b8c-9a6c-18de2a77e7c2
http://blogs.news.sky.com/kleinman/Post:43e2a294-d744-4b8c-9a6c-18de2a77e7c2
Re: Club Refinance Thread
[quote author=kingjulian link=topic=41783.msg1189668#msg1189668 date=1286345152]
http://blogs.news.sky.com/kleinman/Post:43e2a294-d744-4b8c-9a6c-18de2a77e7c2
[/quote]
So he dont know more than us here.
[quote author=kingjulian link=topic=41783.msg1189668#msg1189668 date=1286345152]
http://blogs.news.sky.com/kleinman/Post:43e2a294-d744-4b8c-9a6c-18de2a77e7c2
[/quote]
So he dont know more than us here.
Re: Club Refinance Thread
[quote author=Insignificance link=topic=41783.msg1189667#msg1189667 date=1286345106]
I am proud of the fight the non-owners boardmembers have put in.
[/quote]I agree with this. Purslow, Broughton and Ayres are (it seems) fighting for the club and given some of the shit thats been slung at them i for one am really glad the three of them are there.
[quote author=Insignificance link=topic=41783.msg1189667#msg1189667 date=1286345106]
I am proud of the fight the non-owners boardmembers have put in.
[/quote]I agree with this. Purslow, Broughton and Ayres are (it seems) fighting for the club and given some of the shit thats been slung at them i for one am really glad the three of them are there.
Re: Club Refinance Thread
I don't know what to think of anything now....to be honest
I don't know what to think of anything now....to be honest
Re: Club Refinance Thread
[quote author=keniget link=topic=41783.msg1189672#msg1189672 date=1286345523]
No no no... he's exclusively revealing stuff to us.
[/quote]Official statement from Liverpool - Broughton says its done!!!!!!! Deal agreed!!!!! He's dissappointed the owners are blocking the deal and its now in a legal process!!
[quote author=keniget link=topic=41783.msg1189672#msg1189672 date=1286345523]
No no no... he's exclusively revealing stuff to us.
[/quote]Official statement from Liverpool - Broughton says its done!!!!!!! Deal agreed!!!!! He's dissappointed the owners are blocking the deal and its now in a legal process!!
Re: Club Refinance Thread
John Henry is not rich enough to own Liverpool though. I hope NESV has more powerful backers, otherwise it will be same thing all over again....
John Henry is not rich enough to own Liverpool though. I hope NESV has more powerful backers, otherwise it will be same thing all over again....
Re: Club Refinance Thread
[quote author=Herr Onceared link=topic=41783.msg1189676#msg1189676 date=1286345779]
[quote author=keniget link=topic=41783.msg1189672#msg1189672 date=1286345523]
No no no... he's exclusively revealing stuff to us.
[/quote]Official statement from Liverpool - Broughton says its done!!!!!!! Deal agreed!!!!! He's dissappointed the owners are blocking the deal and its now in a legal process!!
[/quote]
Could this dispute be settled soon or is this going to be a long drawn out process?
[quote author=Herr Onceared link=topic=41783.msg1189676#msg1189676 date=1286345779]
[quote author=keniget link=topic=41783.msg1189672#msg1189672 date=1286345523]
No no no... he's exclusively revealing stuff to us.
[/quote]Official statement from Liverpool - Broughton says its done!!!!!!! Deal agreed!!!!! He's dissappointed the owners are blocking the deal and its now in a legal process!!
[/quote]
Could this dispute be settled soon or is this going to be a long drawn out process?
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