Texas court halts sale of Dippers

[blueinsa]

Just in from work and ive read that the PL refused an approach from Mill with a view to them taking ownership, not they failed the fit and proper persons test, they REFUSED to even entertain them?

WTF, this whole deal stinks to high heaven and it appears that the dippers have been given a huge amount of help from behind the scenes.

Can anyone confirm that RBS, owned by us and in huge debt to the British taxpayer has also written off over 40 million in due payments just so that this new yank can buy?

 

[ssg2]

Lol, nice attempt at a Clarkie ;-)

The funds are being paid by CHAPS IIRC.

Ahh the old chinese whisper problem.

I think you will find that a 'chap' is paying by cheque ;-)

No its not its an electronic transfer of funds

 

[not my fault!]

Lol, nice attempt at a Clarkie ;-)

The funds are being paid by CHAPS IIRC.

Ahh the old chinese whisper problem.

I think you will find that a 'chap' is paying by cheque ;-)

Wiki says this....

The Clearing House Automated Payment System or CHAPS is a British company established in London in 1984, which offers same-day sterling fund transfers. CHAPS used to offer euro fund transfers, the service which is now closed. CHAPS is a member of the trade organisation APACS, and the EU-area settlement system TARGET.

A CHAPS transfer is initiated by the sender to move money to the recipient's account (at another banking institution) where the funds need to be available (cleared) the same working day. Unlike with a bank giro credit, no pre-printed slip specifying the recipient's details is required. Unlike cheques, the funds transfer is performed in real-time removing the issue of float or the potential for payments to be purposefully stopped by the sender, or returned due to insufficient funds, even after they appear to have arrived in the destination account.

CHAPS is used by 19 settlement banks including the Bank of England and over 400 sub member financial institutions. In its first year of operation, average daily transactions numbered 7,000 with a value of 5 billion pounds sterling. In 2004, twenty years later, average daily transactions numbered 130,000 with a value of 300 billion pounds sterling.

CHAPS transfers are relatively expensive, with banks typically charging as much as £35 for a transfer. The cost of fast transfers and the slow speed of free transfers (such as BACS) is sometimes a subject of controversy in the UK, although low value transactions are now available from CHAPS from its Faster Payments Service.

 

[Prestwich_Blue]

Liverpool now have less debt than us! (is that right?)

just looking through our balance sheet, we are 40million in debt, correct? Why is that when it is, in his Highness' sense, easily payable?

It was the 15 and 25 year securitisation bonds against season ticket income. The finance providers of these sorts of instruments want a certain level of return and usually the penalties for early repayment are very high (assuming they can be repaid early at all).

 

[not my fault!]

Just in from work and ive read that the PL refused an approach from Mill with a view to them taking ownership, not they failed the fit and proper persons test, they REFUSED to even entertain them?

WTF, this whole deal stinks to high heaven and it appears that the dippers have been given a huge amount of help from behind the scenes.

Can anyone confirm that RBS, owned by us and in huge debt to the British taxpayer has also written off over 40 million in due payments just so that this new yank can buy?

All true

 

[lancs blue]

Liverpool now have less debt than us! (is that right?)

just looking through our balance sheet, we are 40million in debt, correct? Why is that when it is, in his Highness' sense, easily payable?

IIRC these loans carry substantial one-off penalties for early repayment and as we're trying to minimise losses on the balance sheet ADUG probably feel there's no advantage in paying them off.

 

[inbetween]

Just in from work and ive read that the PL refused an approach from Mill with a view to them taking ownership, not they failed the fit and proper persons test, they REFUSED to even entertain them?

WTF, this whole deal stinks to high heaven and it appears that the dippers have been given a huge amount of help from behind the scenes.

Can anyone confirm that RBS, owned by us and in huge debt to the British taxpayer has also written off over 40 million in due payments just so that this new yank can buy?

They didn't entertain Mill because they made a direct approach to take the test. My understanding is the person taking over a club is put through the test not some randomer's who have no part to play in the sale. RBS may of written that amount off but do you think they would recoup a larger amount by putting them into administration? Their priority was to recieve the amount due today and they have, don't forget they have been lapping up interest over the course of the deal so they've actually made a tidy profit.

 

[mike channon´s windmill]

Just in from work and ive read that the PL refused an approach from Mill with a view to them taking ownership, not they failed the fit and proper persons test, they REFUSED to even entertain them?

WTF, this whole deal stinks to high heaven and it appears that the dippers have been given a huge amount of help from behind the scenes.

Can anyone confirm that RBS, owned by us and in huge debt to the British taxpayer has also written off over 40 million in due payments just so that this new yank can buy?

Yes I think we can - hopefully they will deduct it from Giros for anyone with a Liverpool postcode ;)

 

[Cambridgeblue]

Ahh the old chinese whisper problem.

I think you will find that a 'chap' is paying by cheque ;-)

No its not its an electronic transfer of funds

BOOM! You know when you've been Clarkied!

(no reverse Clarkies allowed)

 

[blueinsa]

Fooking stinks and cements my hatred for the scouse twots!

Also reminds us all that the playing field is not equal and that rules are not applied fairly and evenly in all circumstances.

Thank the lord for our owners because had this been us, the deals done this week for the scouse would have been nowhere in sight for us!