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| We're fooked | |
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| Tweet Topic Started: Jan 23 2008, 09:24 PM (736 Views) | |
Berethorn
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Jan 23 2008, 09:24 PM Post #1 |
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Mister B-man
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We're fooked. Once this loan goes through, we are well and truly fooked. Moores and Parry have managed to limit the amount of debt on the club to around £100m to £150m, but should they leave there's nothing to stop G&H piling the rest of the debt onto the club as well. And please bear in mind this loan only carries just enough cash to get the stadium STARTED. Next year Hicks will be looking at taking out ANOTHER £300m odd loan to fund the completion. He might be willing to sell up then, because any new owner would be committed to building the stadium and so be nearer to the PROJECTED valuation Hicks put on us that had DIC baulking - £1bn. That's a VERY tidy profit to make on barely two years' ownership innit? As to our current situation, if DIC are able to mount an 11th hour rescue deal from the Americans they have promised to convert the debt into bonds, so it essentially becomes Dubai government debt, like what the UK did with Northern Rock. Only £500m is nowt like the £26bn us taxpayers are forking out to prop up some Geordie financial cock up of a bank. For me this will probably spell the end of Rafa, and quite likely Gerrard too. He'll spout some gumph about this not being the club he was brought up to love anymore and bog off to Chelsea to complete his medal collection. Worst part is we probably wont even see the money of the transfer - it'll more than likely go to covering the first year's interest repayment. :suicide: Enjoy this season whilst it lasts. I now believe it will be the last season of LFC as anything remotely like a competitive force. |
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| El Nino | Jan 23 2008, 09:34 PM Post #2 |
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why must it all be doom and gloom ? man utd will be in worse debt yet they seem to be coping . they have debt repayments yet can still fork out money , this is happening so lets just wait and see before throwing the towel in . |
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chriskamara
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Jan 23 2008, 10:07 PM Post #3 |
big girls dont cry
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you get more money when you're winning things that's the difference |
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Berethorn
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Jan 23 2008, 10:08 PM Post #4 |
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Mister B-man
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Major differences though: First off they were already playing in a huge f*cking stadium, so the Glazers only had to borrow to buy the club. Second, Man Utd were already established and successful when Glazer stepped in. We are nothing like. Third, every promise our owners have made to us has been essentially broken. They're not even coughing up the dough to sign Bangers. You only have to look at Chelsea to see the level of player investment required for rapid results. Rafa has been meticulous trying to prepare a team to challenge for the title - why else do we have 60 professionals on our books? Unless he forgets all about squad players, reserve building and youth recruitment and throws all of his transfer budget - which we have no idea what we be - into major 1st team rebuilding, there is no way we can mount a credible challenge under the circumstances. We need at LEAST two QUALITY wingbacks, two wingers and at least another striker, and perhaps even also an attacking midfielder. That's even assuming Rafa will still have his job and the few quality players we DO have don't bail on us. |
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| El Nino | Jan 23 2008, 10:11 PM Post #5 |
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yes i know all the broken promises etc etc but we dont know much they have been effected by the credit probs , and as i said lets just wait and what happens before predicting the end of liverpool football club blah blah etc etc |
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| El Nino | Jan 23 2008, 10:15 PM Post #6 |
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yes and to win things you need the best players and to get that you need to spend a bit so there is no reason why the yanks wont fork out money for top players to ensure we win things which ensures we get more money which means more profit for them , they are not stupid , they are not going to make the team unsuccesful or not competitive anymore as that will get them nowhere - no profits no buyer etc etc . |
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Ole
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Jan 23 2008, 10:18 PM Post #7 |
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Hmm...
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At this point i'd like to point out the amount of ridicule we got when we got took over... Karma :lmao: |
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Berethorn
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Jan 23 2008, 10:20 PM Post #8 |
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Mister B-man
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I DO know that if the owners are taking out massive loans secured against the club to fund the transfer budget then the instant we fail to qualify for the CL we will do a Leeds and our American friends will likely walk away scott free and leave us to the tender mercies of Coca Cola League 1. |
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| El Nino | Jan 23 2008, 10:24 PM Post #9 |
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how will they walk away scott free ??? jesus your crystal ball is good tonight can you give me the lottery numbers for sat ? you are going by the worst case scenario possible and there is nothing to suggest that will happen . league one !!! FFS talk about major over reaction , we are not leeds and wont over spend ourselves but they will try and make us successful to ensure they make a profit . |
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Berethorn
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Jan 23 2008, 10:33 PM Post #10 |
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Mister B-man
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We wont overspend? NOW who is using the crystal ball? How can you be so sure when a) we have no idea what the transfer budget may be, b) we don't know if the budget will be working out of cash rather than loans, or c) we haven't a clue what we're looking at in terms of interest repayments on the debt the club is about to be landed with? These guys don't know how to run a football club. For all their interest in making money if they try and do this hands on they'll crash this club like a 747 with four engines on fire. They'll get burned some but in the end it's the club that will suffer most. I'm choosing to embrace the worst case scenario in the hope that anything that does happen will look better. I'd rather do that than deny the possibility of relegation in the future over financial and competitive incompetence. |
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| El Nino | Jan 23 2008, 10:45 PM Post #11 |
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yes none of us has a clue yet your predicting the end of liverpool football club as a competivitive force !?!??! what sort of business man who is looking to make a profit will do that ??? YOU have no idea what will happen yet are doing nothing predicting the end of liverpool as we know it without knowing what will happen . major over reaction . major . league one football FFS |
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| El Nino | Jan 23 2008, 10:47 PM Post #12 |
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also they know how to run a successful sports team hence taking their hockey team to winning the stanely cup by getting the big players . so they arent daft as you seem to think they are . |
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starman
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Jan 23 2008, 10:58 PM Post #13 |
Space is big, No i mean really hugely big
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"Third, every promise our owners have made to us has been essentially broken. They're not even coughing up the dough to sign Bangers." They have not broken their promise on the staduim, they just had to go to plan two. They have not said as of yet they are not going to build it. They have had one transfer window and we got the money for who we wanted. although Masher can sign for other clubs, we still have first dibs on him and have to sign him in real time but 30th june. The promise of not loading debt on to the supporters has not be broken yet, may be tomorrow. I would like to promise not to remove Rafa (full stop / period as they say). |
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| El Nino | Jan 23 2008, 11:01 PM Post #14 |
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maybe when they first took over they never intended on putting the debt onto the club but with the way things are going with the us credit they are having to do it with some of the debt . who knows . the only problem i have with them is the way they have treated rafa and undermining him and going to klinsmann . |
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Berethorn
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Jan 23 2008, 11:02 PM Post #15 |
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Mister B-man
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Yes but they clearly don't know how to run a f*cking soccer team because they tried looking for a new manager at the first sign of trouble and came up with Jurgen f*cking Klinsmann. You think I'm overreacting, fine, bully for you. Nothing in the world will make me happier than being proved wrong in this. But kindly don't jump on me just because I'm prepared to consider and post up the worst case scenario. At least I have at least circumstantial evidence to support this as a theoretical possibility. What do you have in your locker, other than blind denials, to support YOUR case? Just because these guys are out to make money doesn't mean that they necessarily WILL. Their inexperience counts against them, as does their willingness to ignore sound financial and footballing heads employed at Anfield in favour of popping round the corner to visit some German living in California. If they go hands on and things go t!ts up as a result they'll panic, as we have already seen. Inexperienced people who panic compound a crisis with bad decisions. By the time they get their heads around that it could well be too late. They'll lose money, we'll be fooked, and whoever comes in to pick up the pieces will likely need years to put things right. Conjecture, speculation, but ALL POSSIBLE based upon the behaviour we have seen so far. So far G&H have backed out of every assurance they have given us. Without a humble apology to fans and a guaranteed cast iron cash transfer budget for Rafa that doesn't rely on loans I am going to be on tenterhooks for likely the next 18 months. Oh and that ice hockey team that won the Stanley Cup? That happened back in 1999, which was the year they took over and they have done f*ck all since. |
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starman
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Jan 23 2008, 11:03 PM Post #16 |
Space is big, No i mean really hugely big
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Yea the treatment the Rafa got needs to be sorted |
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| El Nino | Jan 23 2008, 11:09 PM Post #17 |
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and you have no evidence to suggest that this will result in liverpool football club going down the drain . total overreaction - they are businessmen FFS they will want to make a profit they are going to try and run the club into the ground . they are going to build a brand new shiney stadium that will bring money in - to make it successful they are going to have to speculate to accumilate . yes i maybe thinking more positively but im not saying they will guarentee the title - your talking about liverpool football club going down the drain FFS that is an over reaction with no evidence to suggest it will happen. there is worst case scenario and then there is just plainly bloody ridiculous and going out of business is the econd option of those two .has any of their other sports teams gone out of business ??? not that i know off. |
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| El Nino | Jan 23 2008, 11:10 PM Post #18 |
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definatly mate . as for the other stuff they are business man , they want the club to make money not go out of business . |
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chriskamara
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Jan 23 2008, 11:32 PM Post #19 |
big girls dont cry
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it doesnt look promising no matter how you look at it anything could happen - i doubt league 1 though |
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| El Nino | Jan 23 2008, 11:35 PM Post #20 |
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i bet the man utd fans thought the same as well . and look what happened . the thing i dont like about them is there treatment of rafa . as long as they provide the funds for players which they did last summer and did during the window and provide the stadium then thts fine for a start but nothing like going to league one etc . they want a successful business. |
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