Welcome Guest [Log In] [Register]
Welcome to In The Box. We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
  • Pages:
  • 1
  • 2
REDS OWNERS TO GO PUBLIC SOON
Topic Started: Jan 24 2008, 10:05 PM (199 Views)
Berethorn Liverpool
Member Avatar
Mister B-man
bluedeliriousblue
Jan 25 2008, 12:28 AM
Berethorn
Jan 25 2008, 12:21 AM
bluedeliriousblue
Jan 25 2008, 12:16 AM
El Nino
Jan 24 2008, 11:37 PM
The Nutmeg King
Jan 24 2008, 10:35 PM
El Nino
Jan 24 2008, 11:34 PM
The Nutmeg King
Jan 24 2008, 10:31 PM
its_a_hard_rain
Jan 24 2008, 11:19 PM
"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:

Taking money away from the club eh? Well that can only be a great thing for our future can't it?

:shock:

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

Trust is earned.

They've got plenty to do before they have my trust.

yes no doubt hicks does after treatment of rafa , dont think anyone can deny that .

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

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.

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

*shrugs* I'm sure if Rafa had felt able to discuss it in private he would have done.

Don't forget Parry had stonewalled Rafa's requests and then his follow ups on what progress had been made. He gets short shrift from an owner who doesn't have a clue what he's talking about and then finds out they've been talking to some German guy who's Premiership experience is limited to making diving a fashion accessory.

I'm not excusing his behaviour but if Rafa hadn't have gone public we might never have found out just how much hot air Hicks had been spewing. Hicks may have been able to drop the axe on Rafa before the fans could react. By exposing the lies and deceit Rafa tied Hicks' hands and bought himself some time.

Technically it was wrong but I believe it was a wise move.
Offline Profile Quote Post Goto Top
 
chrome red 7 Liverpool
No Avatar
League One
I've missed posting about this subject as my laptop crashed.
We can no longer trust what Hicks says and seemingly niether can gillette. Make no mistake we will be sold in some form by the end of the season.
I wonder what the former owner now thinks of his choice of new owners and the future for the club?
Offline Profile Quote Post Goto Top
 
Berethorn Liverpool
Member Avatar
Mister B-man
chrome red 7
Jan 27 2008, 01:43 PM
I've missed posting about this subject as my laptop crashed.
We can no longer trust what Hicks says and seemingly niether can gillette. Make no mistake we will be sold in some form by the end of the season.
I wonder what the former owner now thinks of his choice of new owners and the future for the club?

We've already been sold - down the river. :tantrum:

As for the future, well someone posted up a Bascombe article from NotW:

Quote:
 
Exclusive by Chris Bascombe, News of the World from SA LFC site

LIVERPOOL are praying a form of Merseyside GBH will come to their rescue — Gillett Backstabbing Hicks.

Anfield co-owner George Gillett brought his feud with partner Tom Hicks to the fore by refusing to publicly back a £350million refinancing deal.

Gillett signed up to the agreement before the February 5 deadline to protect his own investment — but privately he does not believe holding on to Liverpool is in the Americans' or the club's best interest.

His son, Foster, left his office at Melwood two weeks ago and there are no plans for his return.

It appeared Hicks had seen off the latest challenge from Dubai International Capital (DIC) by signing a debt-ridden agreement with the Royal Bank of Scotland and Wachovia.

But takeover talks are continuing, with DIC not walking away as they sense the split between the owners leaves the door open for a £250m bid for the whole club — beginning with a fresh move to buy Hicks' share.

The Americans have an existing £105m debt secured against the club's assets.

And even though the pair claim to have obtained less borrowing than feared, Liverpool still face £450m worth of debts once they begin work on the new stadium (below).

As well as the £105m debt, they still need a £300m loan to build the stadium.

With interest payments in the region of £18m a year, a vast transfer kitty to challenge for the title before 2011 looks non-existent.

A Kop source admitted: "The fact is, under the current financial proposals, there isn't a hope of Liverpool challenging for the title until the new stadium is built in three years. It doesn't matter whether Rafa Benitez, Arsene Wenger or Sir Alex Ferguson is in charge. It's an impossible task."

The fragility of the Americans' reign continues to make them vulnerable to the renewed interest from DIC, especially as fundamental questions remain unanswered.

It has yet to be revealed how the latest £350m loan will be repaid within an 18-month deadline, since the new stadium will not be built until 2011.

Multi-million pound interest payments will also ensure any Champions League earnings are swiftly swallowed up.

And a top-four finish is no longer a ‘minimum acceptable requirement' at Anfield — it will be essential in order to prevent financial meltdown.

That has not stopped Hicks insisting funding will be available for players. But the fact that this will come straight from the banks ought to immediately concern Reds supporters.

Hicks is holding on, despite the manager, fans and even members of his own board wanting him out.

Questions have also been raised as to how long two more established figures will survive.

Chief executive Rick Parry and former chairman David Moores now feel like strangers at their own club.

A year ago, Moores led a club £60m in debt, with a £300m bank loan the only realistic option to keep stadium plans on track. The chairman opted against this, fearing he would lack the funds to strengthen the squad. He sold to Hicks and Gillett, convinced the duo had deep pockets.

Instead, they have created a much worse scenario.


Having led the opposition to Hicks behind the scenes, Moores and Parry are attempting to win back the Kop fans who blame them for inviting the bogeyman into their club.

But the Anfield faithful are in no mood for forgiveness.
Offline Profile Quote Post Goto Top
 
Lord Gonzo Liverpool
Member Avatar
Hang em first. Question em later.
Some people need to face facts, there are so many ways that this can destroy the club. It doesn't take just a failure in the league, the club needs to survive till 2011 on borrowed money. As Berethorn has been pointing out for the last week we haven't even borrowed enough to complete the stadium. All money the club makes from now for the next 18 months will go towards paying the intrest on the loan, I can't for the life of me see the club making enough to pay off the loan and we'll only find ourselves owing more money.
As for transfer funds, £45m was quoted as being for the club, which is to be working capital. I take that to mean the money isn't just going to be used as money for transfers. So we'll be ok for transfer money in the summer but we'll be in the same boat again come next January and f**k knows where in the summer of 2009.

Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
« Previous Topic · Liverpool · Next Topic »
Add Reply
  • Pages:
  • 1
  • 2


         

Latest BBC News
« »