scorer said:
Anyone noticed the difference between our takeover and the Dippers?
When we were taken over nobody except those deep inside the inner sanctum knew about it. The scouse deal is being executedin public, there is something resembling class about the way we were "acquired".... dont you think?
sort of. if I remember correctly, our takeover had been 'revealed' prior to the event, on a couple of boards, if not this one.
anyway the flipside of that comparison is, the front-man for our takeover was just as shambolic and shady as Huang. if not more so. and let's not forget what had gone on immediately prior to the takeover.
I'm still with you tho.. very skeptical about their chances of all their prayers being answered.
i can't shake the feeling I had at the beginning; they had to stop Torres leaving in a cut price deal, or perhaps they had to spin the fact there were no serious bids. either way, 'they' fed the papers.
CIC being involved might be undeniable and hard to disprove, but it might be nothing more than a trivial coincidence that they have money behind a fund involved in the bid.... and the bid could still be nothing more than a speculative attempt to get the debt cheap, oust H&G, raise morale, cobble together a grand plan for the future, raise the profile. then either get the rest of the finance together, or just sell the whole 'project' for a quick, small profit (sort of like what happened with Thaksin). The big incentive for them being, if they can hang on for a year and a bit, the wider economy will recover, investors might just start fighting over something like this.
I might be wrong, but a week into this, I've yet to see anything that convinces me it's any more than that.
But anyway, it appears H&G have found someone who will buy enough to let them pay off the immediate RBS debt. If they can do that, RBS have no leverage over them, they can hang on indefinitely with the hope of still making some money.... indefinitely until the next cash crisis, anyway. Could be a double bluff however, to make sure Huang or whoever know there is no way they can get the Club without paying them off.