KopTalk.com Forums Football Liverpool FC Forum ownership joke

im just wondering what people think or if they no if there is any movement regarding new owners. i for 1 am a little bit let down, what happened to the club being sold for the end of the transfer window, are the owners trying to refinance the club,wheres the mash money gone why isnt anybody coming out and giving the fans a update or was it all just bullsh1t to keep the fans at bay how can liverpool try to compete for honours when we are selling players and replacing them with lesser players.

dont know what is happening but i have a feeling that the fans are not going be happy with he outcome

Inclined to agree roon, I think the americans are pushing for refinance over selling as a serious option. I think they see the price they can get for the club as dropping, and want to remove immediate need to sell. Having said that I don't think it was all a scam from the start, the apointment of barclays capital and broughton suggests it was genuine to me as these people wouldn't come in just to pull the wool over peoples eyes, these are important people with reputations at stake and would not be inclined to spend their time and efforts over nothing. I think the americans have had a shock to the system and cant get anywhere near the price they want, and so refinancing to remove any perceived "deadlines" causing a buyers market is a tasty option to them.

its a good point but if that was the case then wouldent broughton of left and would purslow still be in the hotseat.

I have no inside information, but I just get the impression there is one hell of a battle going on it that boardroom at the moment. I think after all the bickering, H & G have probably now joined forces to get a decent price for the themselves, but that Ayre, Purslow and Broughton are opposing them and trying to get the best deal for LFC and the fans. I know we've all had doubts and nightmares over Purslow and Broughton at times, but I really feel we need to wade in behind these guys now as I think they're our only hope.

Which bank in their right might would offer further refinancing at this point, especially given the stellar performance of other sports team owned by G&H in the USA? We can't afford the current refinancing deal! Frankly all we have now is for RBS to repossess; I think none of the buyers are prepared to pay G&H as well as the escalating debt which is why we've not been sold.

If this article is accurate then we will see no new owners until after October 6. The good thing is though H&G will be out on their fat asses without a penny.

http://football-talk.co.uk/7517/rbs-liverpool-avoid-9point-deduction/

the options available to Hicks and gillete are reducing.
1- They can no longer firesale players(window shut).
2- No firm offers to make a killing as all investors now Know that the asset(LFC) will not be deducted points if taken by RBS, so they can just wait until H&G removed.
3- Re-financing looking unlikely as they have defaulted on other loans in the US.
4- Therefore they have to put cash in themselves and try and sell later. this would require at least 100mil each, possible but unlikely.

I hope this article is accurate, I would like nothing more than to see the yanks walk with feck all, and a knocked down price means more money to invest in players, stadium ect:

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

surely ^^^ that is the best option for club as the yank will leave with nothing and liverpool still wont go under