Hicks "wants to sell up"

[Rocket]

They have to be audited and accounts have to be submitted to Company House

Dont believe they have to be released to the public though at least not the FULL accounts anyway

Maybe just a balance sheet

can only file abbreviated accounts if they are a small or medium sized company. we're bigger than the criteria to meet these.

annual turnover must be £22.8 million or less

balance sheet total must be £11.4 million or less

average number of employees must be no more than 250

[sonsofthedesert]

Some of the more observant members on here will notice that I don’t post much however I was having a quiet day and thought I would give it a go...

I tend to always try to cover my arse so I will say from the off that I might be wrong however, I would be very surprised if Hicks wanted to sell now, in future maybe but why now? This figure of 1 Billion of whatever currency may well be the projected value of the club going forward that has been presented to 'the city' during the ‘road show’ to raise funds for the stadium. When asked the question by a potential stadium funder, what do you think the value of the business (cos that’s what it is not matter what we think) is going forward, they would have had to show a projection and that is possibly where a figure has come from. We all know that the fund raising process has been going on, that’s a fact and we know from ‘joint press releases’ the GG & TH were a little peeved with Rafa’s public airing of views but I think it is hell of big jump to assume because of these two events that Hicks wants to sell. And the DIC connection might just be that they were approached to see if they would be interested in funding the stadium in some way, they are business people at the end of the day and what better people to go to borrow money from than people who already believe in the brand and have done their due diligence, so maybe DIC are or were courted in some capacity?
My guess is that our current owners will still be our owners in 12 months time and all things being equal, Rafa will still be our manager. That said, I could be wrong !

Good post mate, you should post more.

[Lecter]

The Ltd bit mean that anyone can see at least a bsic version of accounts.

Does it

I thought Ltd meant limited liability

The new company is a Private Ltd company as opposed to a Public Limited company

Before the new owners came along our club was a Public Limited Company (PLC) now its a Private company

[Danish_Pastry]

Well - all the talk of 1billion could only make sense, if the rumour from RAWK is true, that both the Americans want to sell their shares. Else it would have to be 500$ each.

If they sell internal in the US (to Kraft eg.) it shouldn't be a problem to deal with $$$ - whereas the DIC would prefer other currencies (like € or even £ - or Dubai-shekels (ups)).

I'm sure the RAWK-quote from Ballague is saying that "we couldn't afford Villa or Eto'o" - and maybe this is what Rafa were wanting at the time. Now I'm sure he would maybe only want Villa in exchange for Torres, who has shown fantastic form and will to work lately.

[Lecter]

can only file abbreviated accounts if they are a small or medium sized company. we're bigger than the criteria to meet these.

annual turnover must be £22.8 million or less

balance sheet total must be £11.4 million or less

average number of employees must be no more than 250

Oh right thats good to know

At least we will have the ammunition to have a pop at them

[sonsofthedesert]

Does it

I thought Ltd meant limited liability

The new company is a Private Ltd company as opposed to a Public Limited company

Before the new owners came along our club was a Public Limited Company (PLC) now its a Private company

Anyone can pay to see certain documents regarding companies, used this function before.

[Lecter]

Well - all the talk of 1billion could only make sense, if the rumour from RAWK is true, that both the Americans want to sell their shares. Else it would have to be 500$ each.

If they sell internal in the US (to Kraft eg.) it shouldn't be a problem to deal with $$$ - whereas the DIC would prefer other currencies (like € or even £ - or Dubai-shekels (ups)).

I'm sure the RAWK-quote from Ballague is saying that "we couldn't afford Villa or Eto'o" - and maybe this is what Rafa were wanting at the time. Now I'm sure he would maybe only want Villa in exchange for Torres, who has shown fantastic form and will to work lately.

Dubai deal in Dhirams which is tied to the US dollar anyway

[Steve001]

Good post mate, you should post more.

Cheers mate, I will try !

[Rocket]

Cheers mate, I will try !

fews paragraphs wouldn't go a miss though fella

[Diego]

Could Hicks and Gillett also be rethinking this business as a result of the dollar vs. euro? It has complicated things for them considerably.

meaning that he could sell and make a ridiculous profit, in dollares...

[Steve001]

fews paragraphs wouldn't go a miss though fella

OK

[Lecter]

meaning that he could sell and make a ridiculous profit, in dollares...

Now would be a great time to sell in terms of exchange rate

Particularly if the club itself has grown in value also

The dollar has gone from around $1.93/4 (when they bought the club) to circa $2.08 to £1 (today)

The exchange alone isnt much but when coupled with an increased value of the club itself its a good time to sell

Not so sure its a good time to buy in dollars though

[carrsim]

Liverpool dismiss claim Tom Hicks is set to sell outNov 30 2007

by Tony Barrett, Liverpool Echo

LIVERPOOL today emphatically denied reports that co-owner Tom Hicks is looking to sell his shares.

A report claimed that Hicks was preparing an exit strategy, just nine months after joining business partner George Gillett in a £298m takeover.

Chief executive Rick Parry said: “I have seen the story, and as far as I am aware it is complete rubbish.”


consdering parry isn't even aware that his shirts rarely match his tie, i'm not taking that as a complete denial to be honest

[Gazzla]

Chief executive Rick Parry said: “I have seen the story, and as far as I am aware it is complete rubbish.”

Parry seems quick to deny this story it's just a shame there were no such denials about Rafas job being on the line.

For the record I don't like Hicks and would be more than happy if he went.

[BJC]

The "Rafa to be sacked" story has fallen on its arse..
So now the media are chasing a "Hicks to sell" story instead...
It's all too predictable...

There'll be another guardian blog next week with a whole new crisis