Brian Reade in Todays Mirror David Gill set a target of selling 54,000 Manchester United season tickets this summer. But thanks to a laudable protest against the *parasitical Glazers by fans group MUST, 2,200 went unsold. Gill’s reaction to missing a target he was sure he would hit, especially after freezing prices, was “that’s pretty good”. If New Labour ever gets back into power, a Cabinet post is assured. I hope Liverpool’s owners, its chairman and the Royal Bank of *Scotland digested the significance of this story. Quantcast Because after a summer when no credible *candidate has appeared to buy the club, another transfer window has yielded a profit for the banks, and no answers have been given on either issue, revolution is in the air. If Hicks and Gillett are allowed to refinance their debt in October, the *resistance being mounted against their American compatriots at Old *Trafford will seem remarkably tame. Liverpudlians will not allow their club to be strangled by these cowboys any longer. The boil is about to be lanced at Anfield. If Martin Broughton and the RBS can’t do it, the fans will do it for them. And it won’t be pretty. Read more: http://www.mirrorfootball.co.uk/opi...Reade-Column-article571185.html#ixzz0yYNBW568 Sign up for MirrorFootball's Morning Spy newsletter Register here
Sky news this morning says we are to be taken over by rbs but no points deduction to be levied on the club .......What does this mean lads . I am in the dark with all this stuff......worried ,,,feckin worried lads.......reddy.
Its a NOTW article so i wouldn't bother given any time to reading it ...... at this time i still think everything is still very much speculation
Hicks is going to refinance and bin RBS. Latest on Rawk. This latest money making venture from Hicks is to keep his filthy hands on us isnt it? 50% interest in the English Premier League’s Liverpool Football Club. We will seek to acquire companies that have a history of strong, stable free cash flow generation (i.e. companies that typically generate cash in excess of that required to maintain or expand the business’s asset base). We will focus on companies that have predictable, recurring revenue streams and an emphasis on low capital expenditure requirements* An example of such a company could be one that typically sells its inventory, is paid on time by its customers on a generally predictable basis and does not need to materially acquire or upgrade physical assets** on a regular basis. [*that would be ground] [**that would be players] We will seek to acquire businesses that operate within industries that have strong fundamentals. The factors we will consider include growth prospects, competitive dynamics, level of consolidation, need for capital investment and barriers to entry. Within these industries, we will focus on companies that have a leading or niche market position. We will analyze the strengths and weaknesses of target businesses relative to their competitors, focusing on product quality, customer loyalty, cost impediments associated with customers switching to competitors, patent protection and brand positioning. We will seek to acquire businesses that demonstrate advantages when compared to their competitors, which may help to protect their market position and profitability and deliver strong free cash flow. In making your decision whether to invest in our securities, you should take into account not only the background of our management team, but also the special risks we face as a blank check company. We have no revenues from our operations and our viability as a going concern depends on our ability to consummate this offering successfully. The report of KPMG LLP, our independent registered public accountants, on our financial statements includes an explanatory paragraph stating that our business plan is dependent upon our obtaining adequate financing which raises substantial doubt about our ability to continue as a going concern. The financial statements do not include any adjustments that might result from our inability to consummate this offering or our ability to continue as a going concern.
hurry the fcuk up and get out yesterday will be my last time in anfield until the yanks are gone and its a fcuking killer
from The Lads @ KOPFAITHFULL Dear Members of the Press, You are cordially invited to attend a Kop Faithful production of 'An Audience with Stephen Hester' at the Royal Bank of Scotland's Gogarburn headquarters on the 25th and 26th of September. Kop Faithful has learnt that RBS will be relaxing its security when its joins Edinburgh's annual Doors Open Day for the first time. The bank's HQ is one of dozens of properties around the Scottish capital which will allow visitors a behind the scenes peek on September 25th and 26th, and the Kop Faithful will be in attendance at this year's inaugural event. We are currently compiling a list of questions that we will be presenting to the Chief Executive of RBS and his colleagues, and will leave them in no doubt that now is the time to call in the loans and force George Gillett and Tom Hicks out of Liverpool Football Club. We are encouraged by recent press reports clarifying that Liverpool will avoid a 9 point deduction should RBS seize control of the club once the refinancing ends on the 6th of October, and look forward to discussing this matter with Mr Hester in greater detail on the 25th and 26th of September. Yours faithfully, KOP FAITHFUL http://kopfaithful.org/ Who will be there? We need to be heard, this is the perfect opportunity to be. We will be organising travel at cheapest prices possible. Can we count you in? News to follow.. http://kopfaithful.org/
Thanks for puttting that article up Gerry, we're currently looking into all possibilities as time is running out before refinance day, we're checking out the legalities and the cost of a full page advert in the Mirror which will detail the lies and RBS part in it all, notably over £15m in penalties in the last month.
Are yous looking for donations towards the ad in The Mirror? If you are and you have Paypal details will you pm them to me. Thanks
A couple of options been looked at, 1 is donations from regular fans I'll post up more when I get the details, a couple of other options been looked at, £15k is the price, as I was saying were checking the legalities of what we can and cant say before going ahead with it.
Count me in if this goes ahead.If O'Leary can get away with some of his advertisements then I would imagine we wouldn't have too much trouble.
Liverpool board would block mortgage attempts Liverpool's owners George Gillett and Tom Hicks attempted to refinance their loans this summer by mortgaging the club's remaining assets - the stadium, training ground, players and guaranteed TV revenues. There are fears the American owners might attempt another refinancing deal ahead of the October 6 deadline to repay £237 million owed to Royal Bank of Scotland, plus the £60 million of additional fees run up since April. But the rest of Liverpool's five-man board would - once again - legally block any attempt to use the players or stadium as 'assets' to raise a mortgage to pay off existing debts. Any refinancing will be opposed by the board who can outvote Hicks and Gillett 3-2, but the Americans might issue a legal challenge. At present, the £40 million annual interest repayments come directly from club profits but ESPNsoccernet has learned that the debts are not loaded against the stadium and players. When Hicks and Gillett tried to find a new £290 million 'mortgage' using the stadium and players as assets a few months ago, the board threw out the proposal and took legal advice to ensure that they were within their rights to do so. With the October 6 bank deadline rapidly approaching, Hicks and Gillett stand to lose their stranglehold on Liverpool if RBS chooses to take over the club and hand it over to their asset recovery experts to sell as a distressed asset. An RBS effective takeover of the club from the October 6 deadline would meet with Premier League approval. Liverpool have also informed the Premier League and UEFA that they have set aside financial measures to ensure that they can continue to pay the £8 million-a-month wage bill and fulfil their fixtures this season. When asked if the club could still afford their substantial wage bill, a spokesman said: "Liverpool FC has prudent working capital facilities that allow the club to make proper provision for outgoings as and when they arise. These working capital facilities are totally satisfactory to both the Premier League and UEFA." The annual wage bill in the 2008-09 accounts was £90.8 million and this year the figure will be around the same, but for the first time Liverpool have dipped into the red. When asked whether the crippling £40 million interest repayments which wipe out all operating profits are paid monthly, putting a strain on the club's cash flow, the response was that, as such detail is not a matter of public record, the club have declined to answer. However there are fears that the club is heading for financial meltdown unless a new owner can be found, and so far there are no "credible" bidders. There has been nothing from a mystery bid involving Keith Harris, let alone the Kenny Huang bid that also failed to materialise. City experts are now estimating that Liverpool's price tag in an RBS fire sale could be as little as £150 million, far short of the original expectations of Hicks and Gillett, who demanded £800 million and then dropped their asking price to £600 million. Talk of a takeover before the transfer window proved to be a disappointing false dawn, and City financiers believe the value of the club will now plummet. Liverpool suspect that potential new owners are waiting to grab the club for a knock-down price when RBS faces the prospect of selling the club itself from the October 6 deadline, when the bank's £237 million loan has to be repaid. http://soccernet.espn.go.com/news/story?id=821072&sec=england&cc=5739
Its looks more Likely now that the RBS are going to take over the club..I was reading yesterday some where, that we WONT go into Admin or lose 9 points if this happens..If this is TRUE i dont feel so bad..But im wondering, does people think Potential bidders if there is any are waiting for the RBS to take the club over, so they would potentially have the chance to buy the club at a cheaper price?
Wonder will this change people's perception of Purslow and Broughton as according to the above articale, they are the ones stopping these cnts from putting the final nail in coffin? If I was a potential bidder and I knew RBS would be selling at reduced price come Oct/Nov, I would be waiting until then. The future of the club if very much in the hands of RBS. Are they owned by the British goverment now? Surely if the goverment have any say, they would see Liverpoool FC as something worth saving from going to wall in terms of global appeal, tourism etc.