Parry off to the US [Talk of 'Rafa Summit Meeting' denied]

[Red_Al_77]

Love the way people think they know about DIC when they've never even met or spoken to the people connected to it. Pure bull**** and I'm getting sick of it. Some people on the net really need to stop playing with themselves.

[kurtangle01]

But that`s not true CAD.
All concerned have already said they are fully behind Rafa.Why the need to comment further?

Why the need to hear confirmation that Rafa is backed every week?

to shut them c u n t s up in the media.

You think that'll shut them up? They would just dress it up as the dreaded vote of confidence.

[CAD]

You think that'll shut them up? They would just dress it up as the dreaded vote of confidence.

Won't shut them up but they will be forced to write about something else than Rafas job situation after every draw/loss.

[kurtangle01]

Won't shut them up but they will be forced to write about something else than Rafas job situation after every draw/loss.

They would still do it regardless of what's said.

[sonsofthedesert]

They would still do it regardless of what's said.

That is my concern, the media think they can smell blood so will continue until they get their man.

[kurtangle01]

That is my concern, the media think they can smell blood so will continue until they get their man.

Exactly. Hicks and Gillett say that Rafa is 100% safe for example and the press say it's the dreaded vote of confidence. Then they could say that funds will be available to Rafa in the summer and they'd say that he's not being backed in January because they have no faith in him etc...

The press are some of the most vulgar, horrible, lying *******s in the world. They'll say what the like and twist words as they please to make a story. It's their fault, along with Sky TV, that football is a ****ing soap opera these days. Everything, in their eyes, is a scandal.

It works aswell because look at everyone here lapping it up!

[Dhav]

IMO it would never have come to this, this level of speculation if the club nipped it in the bud from the very beginning. But they refused to do so, instead releasing a series of non-descript statements that served absolutely no purpose but to intensify the speculation. Makes you wonder why, and makes you think they've already made up their mind and that the writing is on the wall for Rafa.

I hope Rafa now pisses all over their bonfire.

[Tatterdemalion]

Originally Posted by Dhavlos
Interesting, thanks for that. I don't pretend to be any kind of finance expert so appreciate you enlightening me. All I know is that we've had clients at work who saw the credit crunch coming and acted accordingly by selling portfolios of assets because they didn't want to be stuck with rising mortgage repayments. Which makes me think the yanks should have seen this coming and not made any extravagant promises re the new stadium.

I work with stocks and bonds and I don't even understand that much about it

In regards to selling portefolios and thus not losing a lot of money on the markets I'm sure G&H did the same. They managed to offload before it got really ugly. The BIG losers in a major crash like this are always the supertankers. The players who can't move silent in the market because of sheer size. That's what happend to Northern Rock. They were sitting on too much junkbond and couldn't off-load in time. The really big players can almost always cover their own bets. N.R. couldn't...Barings etc.

As for steel and commodities, surely prices of these have been rising for years and thus been totally foreseeable? The prizes had been rising at a fairly steady rate before the crash but the financial disturbance caused by the Sub issue set off a whole lot of other "issues" in the global echonomy and made steel amongst other basics , very expensive. Who could have foreseen this when they made the plans? Nobody imho. They could have been classy about it and just build it anyway but they are, as so many have pointed out, in this to make money. No philanthropic gestures I'm afraid. I'm a little amused with the posters who think that DIC would regard LFC as a plaything and throw money at it for fun. That's not what DIC is about at all as far as I'm informed. DIC is one of the best run companies in the world and they make money on virtually everything they touch. Isn't it quite amusing that so many here think that DIC would brake that trend for us? Not likely imho.


I'd never thought they'd be going bankrupt any time soon or even necessarily be in a position where they'd default on the loan and lose the club, but I am seriously concerned about whether they have the resources and acumen to take the club where it needs to be. As am I but that is a whole other can of worms
:

Off topic. Nice effort, but most of that isn't true at all. Northern Rock weren't sitting on Junk bonds. They were funding customer loans by borrowing in the short term corporate debt markets. Most banks take customer deposits, and essentially lend that out in the form of mortgages. Northern Rock didn't have enough customer deposits, so they were having to borrow in the corporate markets. On the one hand they had a mismatch between the maturity of their assets (the loans) and their liabilities (the customer deposits, or in their case corporate loans). On the other hand they suffered when the price of borrowing in the corporate markets rocketed, which may be the same problem G&H are having at the moment - i.e. it is just more expensive to borrow.

The reason it is more expensive to borrow is that banks are unwilling to lend to each other currently, causing a logjam in the money markets. They are unwilling to lend to each other because of the way that subprime mortgages in the states were sold onto investors. Although it might have been possible to forsee a collapse in the US housing market, it wasn't possible to foresee how it would effect the money markets. Essentially subprime mortgages were packaged into tranches in such a way as to increase their credit rating (I could bore you further by telling you how...) which meant that they were attractive investments for banks etc.. Unfortunately they are very difficult to value, and furthermore i) some of the mortgages were fraudulently sold and ii) people forgot that when one redneck can't afford to pay their mortgage,l the chances are that very few of them can - i.e. they all default together.

It was a case of poor risk management coupled with fraud. Problem is that no-one really knows who is holding this stuff, so when a bank comes trying to borrow money, you've no idea if they're going to be around for long enough to pay you back! Hence debt is more expensive.

Sorry for the long boring post, but that essentially is the truth of it.

[Steve101]

Right, a quick example of how disgusting the press can be (I konw it's a generalisation, but the good reporters are in the minoritory). The day after Heysel, I'm in a car park in Dover, having just got off the ferry, and trying to take stock of one of the most traumatic days of my life. There are lots of us of course, all standing around waiting for coaches and trying to find thier mates. There are reporters everywhere, cameras and notepads ready, all eager to find and angle. The group I'm with is approached by one, he says he's from the Mail, and asks us what went on, how we saw it etc. He tries to put words in our mouths. 'did you have to fight with them?' 'did you go expecting trouble?' that kind of stuff. We tell it like it was, how we didnt fight, and what really went on. He writes it all down and takes the name of the lad who did most of the talking, a nice lad, not a scally. Next day, in the Daily Mail, this lads name is printed, together with an account of the night that portrayed him (and us) as violent animals just looking for trouble, and proud of what we had (allegadly) done. These people are truly scum, and I have nothing for contempt for them. Sorry to go on, but things like that tend to colour your judgement.

[sonsofthedesert]

Right, a quick example of how disgusting the press can be (I konw it's a generalisation, but the good reporters are in the minoritory). The day after Heysel, I'm in a car park in Dover, having just got off the ferry, and trying to take stock of one of the most traumatic days of my life. There are lots of us of course, all standing around waiting for coaches and trying to find thier mates. There are reporters everywhere, cameras and notepads ready, all eager to find and angle. The group I'm with is approached by one, he says he's from the Mail, and asks us what went on, how we saw it etc. He tries to put words in our mouths. 'did you have to fight with them?' 'did you go expecting trouble?' that kind of stuff. We tell it like it was, how we didnt fight, and what really went on. He writes it all down and takes the name of the lad who did most of the talking, a nice lad, not a scally. Next day, in the Daily Mail, this lads name is printed, together with an account of the night that portrayed him (and us) as violent animals just looking for trouble, and proud of what we had (allegadly) done. These people are truly scum, and I have nothing for contempt for them. Sorry to go on, but things like that tend to colour your judgement.

Doesn't suprise me that mate, from what I have seen of the press in the past they just either lie or put a massive slant on the story.

[Red_Al_77]

Never ever talk to the press. They are scum, the lot of them.

[Red Chilli]

Never ever talk to the press. They are scum, the lot of them.

Hmm, whilst they're working you are probably near the mark. I know a really nice lad who's a journalist, not for a national newsrag, but for a local TV broadcaster

[ronan]

Never ever talk to the press. They are scum, the lot of them.

99% of them certainly are.
i have 2 cousins in the media who work for national papers
one an editor and the other a sports journalist
wouldnt trust the latter as far as i'd throw him
and he's pretty much hated in our home house due to working for a certian newspaper.:whatever:

there are a number of decent honest people in the media but they are few and far between.

actually just remembered another point,my bro is suing a national paper after they sent confidential emails of his to his ex employer.
like i said 99%

[CharlieMansonsSquint]

Right, a quick example of how disgusting the press can be (I konw it's a generalisation, but the good reporters are in the minoritory). The day after Heysel, I'm in a car park in Dover, having just got off the ferry, and trying to take stock of one of the most traumatic days of my life. There are lots of us of course, all standing around waiting for coaches and trying to find thier mates. There are reporters everywhere, cameras and notepads ready, all eager to find and angle. The group I'm with is approached by one, he says he's from the Mail, and asks us what went on, how we saw it etc. He tries to put words in our mouths. 'did you have to fight with them?' 'did you go expecting trouble?' that kind of stuff. We tell it like it was, how we didnt fight, and what really went on. He writes it all down and takes the name of the lad who did most of the talking, a nice lad, not a scally. Next day, in the Daily Mail, this lads name is printed, together with an account of the night that portrayed him (and us) as violent animals just looking for trouble, and proud of what we had (allegadly) done. These people are truly scum, and I have nothing for contempt for them. Sorry to go on, but things like that tend to colour your judgement.

Not called the gutter press for nothing, they all crawled out of it.

Yet the really sad part is that quite a few people on here have been prepared to accept the word of a few journos over our owners, even Rafa.

[Johnny]

Yes very good. The point though is we don't know so why bother guessing? Certainly there's no point arguing over guesses. Arguably there's no point even discussing them really.

FWIW I've said elsewhere I think Rafa will be off soon, one way or the other, but it's just a guess and that's all, like everyone else's is.

It could be said that 90% of the posts on here for the last 6 weeks are guesses,ill informed(Press stories) guesses but guesses all the same.




Most of our "Insiders" also thought that Rafa`s sacking would have happened 4 weeks ago.

I only listen to "Official" statements from the club and react accordingly.