whats Hick's motives?

[Judge Jules]

[quote author=peterhague link=topic=42104.msg1185770#msg1185770 date=1285946967]
[quote author=Farkmaster link=topic=42104.msg1185767#msg1185767 date=1285945803]
[quote author=Brendan link=topic=42104.msg1185583#msg1185583 date=1285931122]
His favourite colour is red.

For. Fuck's. Sake.
[/quote]

Honestly though, I have the same question, I don't understand why he passed up opportunities to sell the club for a modest profit, other than as a massive error, and I don't understand what he thinks the end game is to his holding on to the club that will make him a larger profit either.
[/quote]


welli can't remember the exact timing of rejection of DIC's offer but i think it might have been pre-credit crunch, and after that happened he was pretty much screwed in the short-term. i don't think there's any other way to analyse that than as a big error, really.

as for clinging on now, i suppose the best way of looking at it is that he's at rock bottom now, and that things can only get better from here. right now he risks losing the club and the £70m or so he's invested: if he manages to hold on until the tv deal then there'still a small chance he can make a profit. he's got nothing to lose, really.
[/quote]

This, plus plain old greed (which probably meant he wouldn't have been much interested in only modest profits) and appetite for risk-taking (his background is at least partly in venture capital).

 

[redhorizon2]

didn't he loose shit load when he bought corrintheans? If the past tells him anything - he is no good at buying sports franchises.

 

[localny]

[quote author=Squiggles link=topic=42104.msg1185717#msg1185717 date=1285941181]
'Rick the Prick' and 'Dickhead David'.

Fucking hell. Given you like to dish it out, Wilko, that is pretty damn poor.
[/quote]

liked 'em both. and easy to slag them off with hindsight. DIC would have been a bad decision too...

BUT, it wouldn't have been hard to see these lads had histories, and were leverage merchants. Mind you Hicks owned the Stars and Rangers at the time, and founded a large investment group, so most of us would have over looked the Corinthians thing as a once off. The fella looked blue chip, as did Gillette, owner of the Montreal Canadiens....

 

[Judge Jules]

Except that Gillett had been bankrupt at least once in his career already, and that Moores admitted himself that he simply took Gillett's word for Hicks' suitability. One has to wonder why Parry didn't insist on making at least rudimentary enquiries about Hicks before coming out with that garbage about "you only sell the family silver once" etc, at which point one recalls the rumours at the time that DIC (and why would they have been a bad idea BTW?) didn't rate him, based partly on their experience of him in the negotiations, and would have given him his cards if they'd taken over.