Texas court halts sale of Dippers

[Prestwich_Blue]

The "value" of anything, at the end of the day, is what someone is prepared to pay for it.

There are various methods of valuing companies but Hicks is relying on the valuation that Forbes Magazine has used, which is known as Equivalent Value. I'm sure someone will correct me if I'm wrong but that involves adding the shareholder funds to any debt (as it is assumed debt provides working capital and therefore contributes to a return on investment).

But in the case of Liverpool (as well as the rags and other football clubs) that debt is dead money and is reducing profits not creating them. Therefore it's a wholly inappropriate valuation in my view. And in any commercial situation, the more the pressure to sell, the less the asset will command.

 

[The Fixer]

Apparently Mill have offered to repay the debt, RBS have refused the money.

They seem awfully keen for NESV to be the successful bidders, it'll all come out in time I guess:

I have been saying something don't sit well with me regarding RBS in all this why are they protecting Liverpool soooooooo much? Their main worry should be getting their money back which they will via mill, how the courts are favouring them sooooooo much is beyond me when they are clearly overlooking other bidders etc.

RBS BENT AS FOOK!

 

[Prestwich_Blue]

Apparently Mill have offered to repay the debt, RBS have refused the money.

They seem awfully keen for NESV to be the successful bidders, it'll all come out in time I guess:

I have been saying something don't sit well with me regarding RBS in all this why are they protecting Liverpool soooooooo much? Their main worry should be getting their money back which they will via mill, how the courts are favouring them sooooooo much is beyond me when they are clearly overlooking other bidders etc.

RBS BENT AS FOOK!

Apparently repayment from Mill Financial was refused on legal advice, possibly due to the prospect of being in contempt of the restraining order. That now aseems to have been lifted according to reports so anything could yet happen.

Liverpool could still find themselves in administration after 4pm.

 

[The Fixer]

I have been saying something don't sit well with me regarding RBS in all this why are they protecting Liverpool soooooooo much? Their main worry should be getting their money back which they will via mill, how the courts are favouring them sooooooo much is beyond me when they are clearly overlooking other bidders etc.

RBS BENT AS FOOK!

Apparently repayment from Mill Financial was refused on legal advice, possibly due to the prospect of being in contempt of the restraining order. That now aseems to have been lifted according to reports so anything could yet happen.

Liverpool could still find themselves in administration after 4pm.

I see PB, am i the only one on here who feels pissed at the RBS for how much they appear to be in liverpools pocket?

 

[tolmie's hairdoo]

The RBS are playing a very dangerous games and Hicks and Mill know it.

This will roll on for months, both sides of the pond, should Mill and Hicks be denied the opportunity to repay on the existing terms.

4pm today.

It's the equivalent of me having the money to stop a overdraft charge, but the RBS deciding to close the branch early, to stop me.

 

[Marvin]

I have been saying something don't sit well with me regarding RBS in all this why are they protecting Liverpool soooooooo much? Their main worry should be getting their money back which they will via mill, how the courts are favouring them sooooooo much is beyond me when they are clearly overlooking other bidders etc.

RBS BENT AS FOOK!

Apparently repayment from Mill Financial was refused on legal advice, possibly due to the prospect of being in contempt of the restraining order. That now aseems to have been lifted according to reports so anything could yet happen.

Liverpool could still find themselves in administration after 4pm.

And they could win the League

 

[The Fixer]

The RBS are playing a very dangerous games and Hicks and Mill know it.

This will roll on for months, both sides of the pond, should Mill and Hicks be denied the opportunity to repay on the existing terms.

4pm today.

It's the equivalent of me having the money to stop a overdraft charge, but the RBS deciding to close the branch early, to stop me.

Morning tolm

I have heard a couple of whispers that the RBS somewhere down the line will be backing NESV, that could answer why they appear sooo keen on the John Henry bid??

 

[Cambridgeblue]

The RBS are playing a very dangerous games and Hicks and Mill know it.

This will roll on for months, both sides of the pond, should Mill and Hicks be denied the opportunity to repay on the existing terms.

4pm today.

It's the equivalent of me having the money to stop a overdraft charge, but the RBS deciding to close the branch early, to stop me.

Agreed... if Mill have offered to repay the debt then RBS should have no power over a sale.

 

[Prestwich_Blue]

Apparently repayment from Mill Financial was refused on legal advice, possibly due to the prospect of being in contempt of the restraining order. That now aseems to have been lifted according to reports so anything could yet happen.

Liverpool could still find themselves in administration after 4pm.

I see PB, am i the only one on here who feels pissed at the RBS for how much they appear to be in liverpools pocket?

You're not entirely wrong. If it was Joe Bloggs Ltd, RBS would probably have put the boot in long ago. Because this is a high-profile case and it could do substantial damage to their image, then it would seem they have been more cautious in their approach. Plus it's an asset they know can be sold for enough to cover their debt so they would be silly to prejudice that, whereas acting precipitously might.

I used to know the guy who managed these things for a large financial services company I worked for and he told me that you had judge each case on its merits and sometimes letting things run was better than diving in and risk losing out.

 

[AntonDonJuan]

I've not got a clue what's going on! It's quite funny to watch though