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Joined: Sep 2012
Posts: 791
Under 18 Player
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Under 18 Player
Joined: Sep 2012
Posts: 791 |
The blame is indirectly caused by the 911 attacks. This lead to the war in Iraq that caused the global meltdown. This meant that borrowing money was impossible which meant that H&G couldn't cover the cost of the leveraged buyout. This meant that the investment in the team dried up and that success of Istanbul was generally missed. This meant that the squad was decimated to fund fresh faces. Quality deteriorated as did the depth of the squad. The owners started looking at administration, and was taken away from them. We are now left at the bottom of a hole that was created and the new owners have chosen to rebuild from the foundations rather than try to patch up the mess that already exists.
So there you have it.... The problem was the terrorist attacks.
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Joined: Jun 2010
Posts: 1,365
Under 23 Player
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Under 23 Player
Joined: Jun 2010
Posts: 1,365 |
The blame is indirectly caused by the 911 attacks. This lead to the war in Iraq that caused the global meltdown. This meant that borrowing money was impossible which meant that H&G couldn't cover the cost of the leveraged buyout. This meant that the investment in the team dried up and that success of Istanbul was generally missed. This meant that the squad was decimated to fund fresh faces. Quality deteriorated as did the depth of the squad. The owners started looking at administration, and was taken away from them. We are now left at the bottom of a hole that was created and the new owners have chosen to rebuild from the foundations rather than try to patch up the mess that already exists.
So there you have it.... The problem was the terrorist attacks. whilst your argument is full of holes, such as lack of regulation on financial markets and good old fashioned greed. I am truly impressed. good post!
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Joined: Sep 2012
Posts: 983
Under 18 Player
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Under 18 Player
Joined: Sep 2012
Posts: 983 |
Oh no Stanley has caught fazzaitis and has felt the need to open a platform to bash Benitez.Dont agree with any of that,why cant you just enjoy LFC post Benitez now?We are so much better off  The man brings us a f*cking european cup and we still need to question it? I am not bashing Benitez you have misunderstood the point I was making. stanley I fully understand where you are coming from, my opinion is although it was the best thing to happen to us at the same time it was the worst thing to happen to us. I honestly dont think a Cup like that is worth winning unless you build on it or at least use it to improve yourself and we did neither, it's become a millstone around the Club's necks now with false expectation levels of grandeua. I think Benitez did well for us winning it back in 2005 but he also lost us a Champions League final two years later in Athens so he evend himself out, in the end the man done far more bad and damage to the Club than his heroic win in Istanbul.
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Joined: Oct 2009
Posts: 27,628
Liverpool Legend
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Liverpool Legend
Joined: Oct 2009
Posts: 27,628 |
The blame is indirectly caused by the 911 attacks. This lead to the war in Iraq that caused the global meltdown. This meant that borrowing money was impossible which meant that H&G couldn't cover the cost of the leveraged buyout. This meant that the investment in the team dried up and that success of Istanbul was generally missed. This meant that the squad was decimated to fund fresh faces. Quality deteriorated as did the depth of the squad. The owners started looking at administration, and was taken away from them. We are now left at the bottom of a hole that was created and the new owners have chosen to rebuild from the foundations rather than try to patch up the mess that already exists.
So there you have it.... The problem was the terrorist attacks. Few flaws there Scainer. Gillet and Hicks could not refine the loan not because RBS would not lend them the money but because the era of cheap no questions asked credit was over. Normal loan terms resumed and G&H did not have the collateral. Something even a basic due diligence would have shown up had Moores and Parry bothered to do one.
Last edited by Stanley Park; 11/10/12 03:11 PM.
IF YOU WANT TO BE HEARD SPEAK SOFTLY - BOB PAISLEY
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Joined: Jul 2009
Posts: 12,416
Moderator
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Moderator
Joined: Jul 2009
Posts: 12,416 |
Yes and the should have flogged the club to the highest bidder at the time but they allowed their greed and petty squabling get the better of them.
"Romance has broke down
This boy is crack'in up"
So not a moderator
Valar Morghulis
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Joined: Sep 2012
Posts: 791
Under 18 Player
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Under 18 Player
Joined: Sep 2012
Posts: 791 |
Normal loan terms resumed and G&H did not have the collateral. So what are you trying to say? H&G couldn't cover the cost of the leveraged buyout Hardly a flaw to the ridiculous (if somewhat truthful) argument :-P
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Joined: Mar 2011
Posts: 8,163
1st Team Squad
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1st Team Squad
Joined: Mar 2011
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Oh no Stanley has caught fazzaitis and has felt the need to open a platform to bash Benitez.Dont agree with any of that,why cant you just enjoy LFC post Benitez now?We are so much better off The man brings us a f*cking european cup and we still need to question it? I am not bashing Benitez you have misunderstood the point I was making. stanley I fully understand where you are coming from, my opinion is although it was the best thing to happen to us at the same time it was the worst thing to happen to us. I honestly dont think a Cup like that is worth winning unless you build on it or at least use it to improve yourself and we did neither, it's become a millstone around the Club's necks now with false expectation levels of grandeua. I think Benitez did well for us winning it back in 2005 but he also lost us a Champions League final two years later in Athens so he evend himself out, in the end the man done far more bad and damage to the Club than his heroic win in Istanbul. Just because winning a CL final made him a hero, it doesn't mean that losing a final made him a villain!!! He was a double hero for getting us there twice!!!
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Joined: Oct 2009
Posts: 27,628
Liverpool Legend
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Liverpool Legend
Joined: Oct 2009
Posts: 27,628 |
Scainer g&h did not have the collateral. That was why RBS would not loan them.
IF YOU WANT TO BE HEARD SPEAK SOFTLY - BOB PAISLEY
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Joined: Sep 2012
Posts: 791
Under 18 Player
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Under 18 Player
Joined: Sep 2012
Posts: 791 |
I think you missed my point. or am I missing something? Aren't we saying the same thing? How is stating the same thing a flaw in the argument? Surely it supports it? 
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Joined: Sep 2012
Posts: 983
Under 18 Player
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Under 18 Player
Joined: Sep 2012
Posts: 983 |
Oh no Stanley has caught fazzaitis and has felt the need to open a platform to bash Benitez.Dont agree with any of that,why cant you just enjoy LFC post Benitez now?We are so much better off The man brings us a f*cking european cup and we still need to question it? I am not bashing Benitez you have misunderstood the point I was making. stanley I fully understand where you are coming from, my opinion is although it was the best thing to happen to us at the same time it was the worst thing to happen to us. I honestly dont think a Cup like that is worth winning unless you build on it or at least use it to improve yourself and we did neither, it's become a millstone around the Club's necks now with false expectation levels of grandeua. I think Benitez did well for us winning it back in 2005 but he also lost us a Champions League final two years later in Athens so he evend himself out, in the end the man done far more bad and damage to the Club than his heroic win in Istanbul. Just because winning a CL final made him a hero, it doesn't mean that losing a final made him a villain!!! He was a double hero for getting us there twice!!! does in my book, even though we probably did'nt deserve to win tne final in 2005 we definately should of won the 2007 one only for Benitez stubborness and stupidity, still cant believe he left Crouch and Bellamy out of the team
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