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| REDS OWNERS TO GO PUBLIC SOON | |
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| Tweet Topic Started: Jan 24 2008, 10:05 PM (200 Views) | |
theonlymerseyside
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Jan 24 2008, 10:05 PM Post #1 |
League Two
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Liverpools American owners have again delayed an announcement of a succesful refinancing deal but an agreement should be made public soon. Co-owners Tom Hicks and George Gillett are on the verge of sealing a 350 million pound package and had been expected to announce today that it had gone through. There are no serious hitches however and it is understood the dal is all but signed off, and the announcement will include details of the chosen design for a new stadium at Stanley Park. Of the 350 million, more than 160 million will be debt tied to Liverpool and around 190 million covered by Hicks and Gilletts gaurantees. The 160 million figure includes 105 million new cash for the club - 65 million to kick start work on the new stadium, and a further sum of 45 million of working capital for player acquisitions. the remainder is the existing debt the Americans inherited when they took the club over a year ago. Hicks and Gillett are insisting however that the other 190 million in the refinancing package - to cover their initial cost of buying the club - will not be loaded onto liverpool. Liverpool chief executive Rick Parry and former chairman David Moores who is still a board member, have made it clear they oppose any of the takeover debt being loaded onto the club. Now that doubts over the refinancing deal have evaporated, the Americans - particularly Hicks - face a struggle to win back the fans, not to mention manager Rafael benitez. Supporters staged protests against the owners at Anfield on Monday night, sparked by Hicks revelation that he had sounded out Jurgen Klinsmann as a possible successor for Benitez. The supporters will also be watching carefully to see what happens to any profits Liverpool make - will they be used to service the club's debt or will dividend be paid to the Americans company Kop Holdings to service their debt? Meanwhile chances of DIC taking over Liverpool in the near future seem dead in the water. It is understood Hicks spoke to DIC at length about selling up to them but they were unwilling to match his asking price. |
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its_a_hard_rain
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Jan 24 2008, 10:19 PM Post #2 |
Ball Boy
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"People are worried that I might take money away from the Texas Rangers [Hicks' baseball franchise] to go to Liverpool," Hicks said. "But it is just the reverse. Liverpool is going to throw off lots of extra money which, if I choose to, I can use for the Rangers or the Dallas Stars ice hockey team." we are all doooooommmmed :stress: :stress: :stress: :stress: :stress: :stress: |
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| El Nino | Jan 24 2008, 10:21 PM Post #3 |
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league one footy here we come mate , club into admin . :sneak: |
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its_a_hard_rain
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Jan 24 2008, 10:28 PM Post #4 |
Ball Boy
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They've really got there teeth into us now just being announced they have completed the re-finance . I think he'll hold out for more money from DIC . |
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| El Nino | Jan 24 2008, 10:30 PM Post #5 |
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not sure tbh , maybe , if he does get more money from them then it will be good news if not he is going to have to work hard to get the club going . we gotta look forward now without protests and get behind the team feck all we can do about it now , back the manager as well . |
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| The Nutmeg King | Jan 24 2008, 10:31 PM Post #6 |
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Taking money away from the club eh? Well that can only be a great thing for our future can't it? :shock: |
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| El Nino | Jan 24 2008, 10:34 PM Post #7 |
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have you seen the clip ? it was prob said to appease the fans in america , he could easily move money the other way just like other businessmen do when they own more than one company |
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| The Nutmeg King | Jan 24 2008, 10:35 PM Post #8 |
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Trust is earned. They've got plenty to do before they have my trust. |
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| El Nino | Jan 24 2008, 10:37 PM Post #9 |
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yes no doubt hicks does after treatment of rafa , dont think anyone can deny that . |
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starman
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Jan 24 2008, 10:45 PM Post #10 |
Space is big, No i mean really hugely big
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From The TimesJanuary 25, 2008 Oliver Kay Owners, Tom Hicks and George Gillett Jr, close to putting house in order at Anfield After a turbulent couple of months at Anfield, Tom Hicks and George Gillett Jr are close to stabilising their regime at Liverpool for the immediate future and will follow up their £350 million refinancing deal by revealing designs for the club’s new stadium and by attempting to secure a deal to sign Javier Mascherano on a long-term basis. Hicks and Gillett have lost the good-will of many of Liverpool’s supporters during a harrowing eight-week period in which they have attracted criticism and hostility by approaching Jürgen Klinsmann, the former Germany coach, as a potential replacement for Rafael BenÍtez. With Dubai International Capital eager to take the club off their hands, the American tycoons have been under pressure to sell up, but, having resisted an informal offer worth £300 million for the club, they intend to proceed either today or on Monday with a refinancing plan that will represent the start of a charm offensive designed to repair the damage of the past two months. As well as the refinancing deal with Royal Bank of Scotland – which, after objections from Rick Parry, the chief executive, and David Moores, the former chairman, will lead to £160 million, rather than the entire £350 million debt, being loaded against the club, with £190 million being covered by the owners’ guarantees – Hicks and Gillett will unveil revised plans for a 70,000-capacity stadium in Stanley Park. They are thought to be ready to award the contract to HKS, the Dallas architect whose original design was dropped last month because of spiralling costs. The new design is understood to fall within the club’s £300 million budget. Hicks and Gillett are also preparing a long-overdue show of solidarity with BenÍtez. They are eager to be seen to be supporting the popular manager and are expected to provide him with the funds to secure the services of Mascherano. The Argentina midfield player is attracting strong interest from Juventus and Barcelona, both of whom are understood to have been in contact with Kia Joorabchian, the businessman at the head of the companies that own his economic rights. Mascherano was quoted as saying in an interview in Argentina yesterday that “the time has come to move on” from Merseyside and that a move to Juventus would appeal to him, but Liverpool hope to persuade him to stay beyond his present 18-month loan, which expires at the end of the season. Under the terms of his existing contract, Liverpool must pay Joorabchian £17 million to buy Mascherano outright and, although they still hope they may be able to negotiate on that price, there is an increasing willingness to secure his services in the long term. A deal will be facilitated if BenÍtez can raise £9 million by selling Mohamed Sissoko to Juventus, with a deal likely over the weekend. |
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Berethorn
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Jan 24 2008, 11:07 PM Post #11 |
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Mister B-man
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They can't even afford to build the f*cking stadium - we're still £300m shy! And once it's built chances are the extra revenue it pulls in will go to paying off the loans for the next 20 f*cking years. All because two tight arsed, cash strapped yanks were too proud to admit they'd overextended their business and didn't wan't the 'rag heads' to take control. :suicide: |
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bluedeliriousblue
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Jan 24 2008, 11:16 PM Post #12 |
League One
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I know as a Chelsea supporter that its none of my business but to be fair to Hicks and Gillette it wasn't exactly an act of trust when Rafa went public with his slating of them, You can't expect to bite the hand that feeds you and not get a visit to the vets |
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Berethorn
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Jan 24 2008, 11:21 PM Post #13 |
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Mister B-man
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Rafa went public because he found out about all this behind the scenes crud, like them talking to Jurgen Klinsmann. Parry also hadn't been passing on Rafa's requests on transfers seemingly. |
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starman
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Jan 24 2008, 11:26 PM Post #14 |
Space is big, No i mean really hugely big
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.."Liverpool for the immediate future and will follow up their £350 million refinancing deal by revealing designs for the club’s new stadium ..... .......They are thought to be ready to award the contract to HKS, the Dallas architect whose original design was dropped last month because of spiralling costs. The new design is understood to fall within the club’s £300 million budget." They have never put their own money into any of their other sport teams / stadia. If chelsea had to have a new stadia where do think the money would come from? |
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bluedeliriousblue
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Jan 24 2008, 11:28 PM Post #15 |
League One
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Then surely those issues should have been sorted behind closed doors, G and H didn't go public over Klinsman untill after Rafa had his rant in all the nationals about them not giving him money for transfers and not understanding football, it was if they were publicly chastising him and trying to point out to him his position in the club i.e they are the employer he is an employee |
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| The Nutmeg King | Jan 24 2008, 11:29 PM Post #16 |
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I'd imagine it'd come from their billionaire benefactor, the one who clearly has no interest in making money from the club and is happy to fund their success regardless. I'm not sure of your point then. |
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bluedeliriousblue
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Jan 24 2008, 11:34 PM Post #17 |
League One
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Would think that if Chelsea were to build a new stadium then that money would be brought in against the club and Roman with some of the cash coming from the sale of the land that Stamford Bridge is built on |
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its_a_hard_rain
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Jan 25 2008, 01:29 PM Post #18 |
Ball Boy
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You wanna start filling your old one first before you go on about new ones(and start selling your away allocation) :lol: |
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| Bogarde | Jan 25 2008, 02:17 PM Post #19 |
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Don't know if you watched the game, but even with 2,000, we completely outsung the rest of them for the whole game. |
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| El Nino | Jan 25 2008, 02:23 PM Post #20 |
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:yawn: |
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