JoeMercer'sWay
Well-Known Member
Re: Liverpool Takeover Imminent?
all this is doing is satisfying the needs of RBS, nobody else.
all this is doing is satisfying the needs of RBS, nobody else.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Liverpool Takeover (Merged)
- Thread starter CityPar
- Start date
The Fixer
Well-Known Member
Re: Liverpool Takeover Imminent?
Now confirmed...
Now confirmed...
Re: Liverpool Red Sox
That bit has me scratching my head as well. Until the debt issue can be forced then the owners are still in charge.
Also, when you consider the remit that Broughton was supposedly working to it was to get an owner that provide a new stadium, invest in the squad and remove all debt fro Liverpool FC (that doesn't mean the owners cannot be indebted but that it could not be tied to LFC).
Are things therefore that bad that they are simply selling the club (Independently valued at £600m) for the debt alone of £250 app.
No wonder the owners are fighting this.
alera said:A few points, I cant understand how a limited company can actually be sold without the agreement of the majority shareholders. In 10 days if RBS call in the debts yes but not currently.
If this deal does go through its excellent news for City moving forward IMO. He has less personal wealth than the current owners, his company and associates have had financial difficulties following the credit crisis if reports are to be believed.
At very best this guy is a Randy Lerner, at worst he will be like the Glazers.
He will put a fresh lick of paint on Anfield, a few more concessions and corporate facilities. As with the rags ticket prices will go up they will be forced to buy cup matches with their season tickets. Official merchandise will cost a fortune as will food and drink at the stadium.
This is basically what he did with the Red Socks, they desperately needed a new stadium but they didnt have the money so they tarted up the old one (Not really an option for Liverpool)
ticket prices, merchandise and food concessions are some of the most expensive in their league.
They spent a bit on players initially, not a huge amount and had success in 2004 and 2007 but nothing since. Last season they failed to qualify for their equivalent of the champions league (sound familiar)
So to summerise, this is an insolvent level deal, they are buying at a knock down price a new stadium is not on the table so dont think that for a second. Serious investment on players is not on the table. They will come in clear the debt, tart the place up a bit put all the prices up and try and make the club break even sit on it until the far east and developing markets take off and sell the club for a fortune in 10 years. Thats the way I see it.
This is all assuming the non ex board who are not shareholders can force through a sale without agreement from the majority shareholders and against their best interests.
That bit has me scratching my head as well. Until the debt issue can be forced then the owners are still in charge.
Also, when you consider the remit that Broughton was supposedly working to it was to get an owner that provide a new stadium, invest in the squad and remove all debt fro Liverpool FC (that doesn't mean the owners cannot be indebted but that it could not be tied to LFC).
Are things therefore that bad that they are simply selling the club (Independently valued at £600m) for the debt alone of £250 app.
No wonder the owners are fighting this.
Re: Liverpool Takeover Imminent?
What that the board want to sell and the owners dont ?
They are not sold yet nothing like it, first of all fit and proper persons then they have to come up with the cash, THEN they have to go to the high court and show that they can legally sell the club without the agreement of the majority shareholders.
This could drag on for months. Happy days.
What that the board want to sell and the owners dont ?
They are not sold yet nothing like it, first of all fit and proper persons then they have to come up with the cash, THEN they have to go to the high court and show that they can legally sell the club without the agreement of the majority shareholders.
This could drag on for months. Happy days.
Re: Liverpool Takeover Imminent?
Lets also not forget that LFC has been independently valued at £600m+ and yet the deal will be for the repayment of the debt only, about £250m.
Would anyone on here allow their property to be sold at such a deflated value leaving them with nothing?
alera said:What that the board want to sell and the owners dont ?
They are not sold yet nothing like it, first of all fit and proper persons then they have to come up with the cash, THEN they have to go to the high court and show that they can legally sell the club without the agreement of the majority shareholders.
This could drag on for months. Happy days.
Lets also not forget that LFC has been independently valued at £600m+ and yet the deal will be for the repayment of the debt only, about £250m.
Would anyone on here allow their property to be sold at such a deflated value leaving them with nothing?
Prestwich_Blue
Well-Known Member
Re: Liverpool Red Sox
Plus their income without CL is little better than ours and their wage bill isn't much lower (about £110m). There's no big profits there without regular CL appearances.
There will be no new stadium I'm fairly certain as it makes no sense unless they're in the CL.Blue Coop said:There is already a huge different between the Old and new owners and that is the removal of the acquisition debt. The ridiculous interest will stop being charged and suddenly Liverpool are a big profit organisation once more. The sale on its own should give the place a lift and i think you will see some investment into the side, perhaps the stadium will be financed with debt, but that would most likely be much more managable.
Plus their income without CL is little better than ours and their wage bill isn't much lower (about £110m). There's no big profits there without regular CL appearances.
Re: Liverpool Red Sox
Even with CL the economics are not there for a new stadium for Liverpool. The new owners dont have the £400 - £500 million and its impossible to loan money for a project like that especially not in Liverpool. Spurs can do it with prime real estate in London maybe.
Would RBS lend Liverpool the money for the new ground ? Exactly.
Even with CL the economics are not there for a new stadium for Liverpool. The new owners dont have the £400 - £500 million and its impossible to loan money for a project like that especially not in Liverpool. Spurs can do it with prime real estate in London maybe.
Would RBS lend Liverpool the money for the new ground ? Exactly.
discopop
Well-Known Member
Re: Liverpool Takeover Imminent?
CityPar said:In advance, I apologise if this has been posted anywhere else.
I have just heard from a source I trust completely that Liverpool have 2 buyers interested and 1 of them is so far down the road an announcement will be made soon.
Liverpools Yanks current loan to RBS needs to be paid by tomorrow but is subject to a period of grace (9 days I am led to believe). So to all intents and purposes the RBS will step in on 15th October as it appears there is little hope Gillet or Hicks can settle it. However, the RBS takeover will not be required for long (if at all) as we'll start to hear that progress has been made on the buyers takeover.
Spot on origianal poster it seems.
Someone who was ITK
Also, another snippet of info is I was told that when RBS introduced the penalty payments, they put in a clause saying they could convert the £2.5m per year into equity. This means they will not put the LFC into administration, because they’ll own it. The Premier League have apparently indicated they are OK with this. Again, the hope for RBS is that they will be able to sell quickly which by my source seems to be a done deal.
Just thought I'd throw this out there and will take whatever crap comes my way if nothing happens soon ;o)!!
Re: Liverpool Red Sox
Even if they were to secure the financing then any benefits in terms of increased revenue are no longer a given as they need to be competing to fill a bigger ground.
Add to that the cost of repaying the loan over 10-20 years and any new owner will wait and see.
alera said:Even with CL the economics are not there for a new stadium for Liverpool. The new owners dont have the £400 - £500 million and its impossible to loan money for a project like that especially not in Liverpool. Spurs can do it with prime real estate in London maybe.
Would RBS lend Liverpool the money for the new ground ? Exactly.
Even if they were to secure the financing then any benefits in terms of increased revenue are no longer a given as they need to be competing to fill a bigger ground.
Add to that the cost of repaying the loan over 10-20 years and any new owner will wait and see.