New stadium update...

[desertscouser]

Not putting the debt from buying the club on LFC is good. Putting the debt of building the stadium on LFC is completely normal.

I agree Tomasj

[Guest]

I agree with the last bit of your post

But Fredo, you've got the knives out and you know it.

In a way I've got them out, but it's understandable because it certainly isn't something all over made up by the press.

But still that doesn't mean that I won't admit that I was being wrong IF EVER it happens all of this was just cack.

I'm too rational to think that it will happen though.

We all want the best for this club, that's the most important thing whoever is in charge or owns the club.

[desertscouser]

We all want the best for this club, that's the most important thing whoever is in charge or owns the club.

Agreed.

[jayjay]

You can be as happy or as unhappy as you wish.

The credit crunch has caught out an awful lot of people globally, including the Northern Rock bank. The price of borrowing has escalated. There is nothing anybody could have done to foresee that.

It was also made clear from the start that T&G would not be putting their own money in. It would be borrowed.

With regards to the PR aspect, I agree. It has been far from ideal.

While the cost borrowing has escalated the libor has come down dramatically from it's high and there is plenty of money available at reasonable rates for those ventures/debtors considered not be too high risk.
I suspect G&H may be considered out of their depth on the street. Either that of the banks think English football has peaked in terms of valuations, hence not being able to secure the right terms for the required finance. Any lender will price the deal accordingly.

[jayjay]

Quote:
Originally Posted by tomasjj
Not putting the debt from buying the club on LFC is good. Putting the debt of building the stadium on LFC is completely normal.

I agree Tomasj

I also agree!

I would also even go as far as to say as a business transaction not putting the debt related to building the stadium on the club would be stupid!

[Skillz]

Arsenal got 100Mill pound deal for 10 or 15 years can't remember actually. That included shirt sponsorship though didn't it?

[Dhav]

While the cost borrowing has escalated the libor has come down dramatically from it's high and there is plenty of money available at reasonable rates for those ventures/debtors considered not be too high risk.
I suspect G&H may be considered out of their depth on the street. Either that of the banks think English football has peaked in terms of valuations, hence not being able to secure the right terms for the required finance. Any lender will price the deal accordingly.

Hate to go on about DIC, but one reason I mentioned at the time why they were preferable to G&H was the fact that with their resources/assets they'd be in a much better position to secure debt financing for the new stadium and at much better terms.

I'm still not convinced that the yanks did their homework properly when purchasing the club - where they fully aware of all the obligations they were taking on and did they really consider whether they had the means to fulfil these?

[Johnny]

Happy Birthday Johnny.

Thanks mate.

[Johnny]

So you have started believing the press reports then? I never said i believed it,I said it was ignored by those who do believe the press.
If you believe this, it also confirms the earlier telegraph report that they are up **** creak and were looking to offload debt onto the club. do you believe that now then? i don`t believe anything until it is reported as fact,not supposed.

To right i've got an agenda, I'm against the bumbling neo-con, leverage jerks who've bought our club lock, stock and barrel.when I have proof that they are bumbling i`ll agree with you.

Quote:
Originally Posted by dero
Liverpool have yet to make a decision on the design for a new stadium as the club's owners attempt to refinance the loans they used to buy the Reds for £220million.

A meeting between chief executive Rick Parry and owners Tom Hicks and George Gillett took place in New York at which two rival firms of architects presented designs for the Stanley Park project.

Parry says a decision on the design will follow "soon" - one had been expected on Wednesday.

Meanwhile, Hicks and Gillett are embroiled with trying to sort out their refinancing problems before a February 1 deadline.

The American business tycoons borrowed £270million to buy Liverpool last February, the main lenders being the Royal Bank of Scotland, and are looking for a new loan package worth around £350million - of which £60million will go towards a new stadium - but their plans have been hit by the 'credit crunch' in the USA.

Hicks, Gillett and Parry listened to presentations by architects HKS and AFL yesterday.

Dallas-based HKS had produced the original stadium plans but they were scrapped last month on cost grounds and they and Manchester firm AFL have both come up with new, cheaper designs.

Parry told the club's official website, www.liverpoolfc.tv: "It was a very full day. We had two very detailed and very informative presentations which were very thorough and extremely professional.

"It has been another big step forward to finding the best possible solution and the whole meeting was very constructive.

"Everyone is reflecting on what they have heard and a clear decision will be taken soon.

"They were both very good in terms of coming closer to the right solution. As ever, when you have a competition, you hope it produces outstanding results and I think that is what we have seen.

"Whichever we do go with, it will be an excellent result."

Hicks and Gillett are no longer looking to load the debt onto the club in the way that the Glazers have done with Manchester United, and are hopeful of clinching a refinancing deal before February 1.
In the event they are unable to do so, they may have to come to a new arrangement with the RBS.

If the worst comes to the worst and they are forced to sell the club - and sources close to the pair say that is very unlikely - then Dubai International Capital, the investment arm of the ruler of Dubai, may again become interested in buying Liverpool, but only on an outright basis rather than just obtaining some shares.

-PA Feed [/Quote]

__________________
I just thought it was strange that those who latch onto every negative report glided over this piece with no comment.

[Pacman]

I just thought it was strange that those who latch onto every negative report glided over Balagues piece with no comment.

What did Balague say?

[Johnny]

What did Balague say?

thought it was balague,it wasn`t,it was from the post above.

[Attilladahun]

Get someone in who can oversee all this
Parry out David Dein in !!

[dom9]

While the cost borrowing has escalated the libor has come down dramatically from it's high and there is plenty of money available at reasonable rates for those ventures/debtors considered not be too high risk.
I suspect G&H may be considered out of their depth on the street. Either that of the banks think English football has peaked in terms of valuations, hence not being able to secure the right terms for the required finance. Any lender will price the deal accordingly.

I have said this before. If they bought the club any time in the last 15 years, financing would have been no problem for them. I personally think the valuation of football teams has peaked now. It could not escalate forever. I think that they are overvalued, and a correction is overdue, just like the housing market.

I wrote a long post on this in another thread a while ago, but it didn't get much comment.

[FatTony]

Quote:


[COLOR="Red"]are hopeful of clinching a refinancing deal before February 1.
COLOR]

I bet they don't.

[bigfooty]

Get someone in who can oversee all this
Parry out David Dein in !!

Given that Arsenal don't appear to be selling up anytime soon I would think Dein must be near the top of any list should the Americans be actively looking to replace Parry. Unfortunately I think old Rick made some deal with the devil whereby he gets to keep his job indefinitely so long as he wears a dodgy tie every day.