KopTalk.com Forums Football Liverpool FC Forum VIDEO: £560m & 15th July

i know someone with good connections at the club who claims that RBS are preparing plans to asset strip the club to get their money back ....... he posted it on football rumours earlier and got given hell over it but i am worried he is right

Hey Duncan, have you heard that the half brother of the Man City guy has bought the club and it will be announced on the 15th July. Great news, eh

Generally speaking anything that comes from that site should be treated with aids gloves. But I think more importantly asset stripping the club makes no sense because we're not bankrupt! If and only if we went bankrupt will such an eventuality arise and even then the banks would rather enforce a new buyer on Hicks than allow asset stripping to happen.

Sold by Xmas, Ive ran out of nuts so i'll put my shlong on the line about this one!

Trepie, RBS coming in & doing that could get into serious trouble with the FSA & Banking Ombudsman. They have got to be seen to be giving a fair warning & have to be seen as treating the Yanks fairly otherwise the Yanks lawyers will have a field day in court. We don't know if the Yanks have had a warning or not, but they can't come in like bailiffs & asset strip.

Anyway, if they wanted their money back asset stripping is the long way around. They would have to seek a court order & i doubt they woudl get anywhere cos LFC is not making a loss. Plus, they can't tell the club what to sell as they are not the only creditors.

ynwa dunk!

you are misunderstanding - this is hicks at work ..... look at what he is doing with the rangers ..... the mlb are having to force him to sell the franchise and block him from any kind of asset stripping

lol

Hicks has not asset stripped them, he was being greedy fat cu*t and holding out for the best offer. This does not mean his looking for the highest price, what he is looking for are clauses that allow him to claim moneys in future. He had two offers for the rangers and he accepted the lower one because of the clauses, however because they are now in court the sale was not put through "because it was not transparent enough".

We need to calm down on this, asset stripping is a last resort for company (in this case club) that has no future and will no longer trade (or play) so unless you are suggesting that LFC is about to cease to exist then we will not be asset stripped.

no it is not at all - asset stripping is standard practise when you believe that you can sell the constituent parts of a business for more than the business as a whole is worth