Liverpool debt dispute forces Americans to consider sale

[bazza76]

didn't hicks also say he was going to build us a fantastic stadium that we saw pics of, and didn't hicks also say that he fully backed rafa and rafa's plan, are you seeing a theme here?

I know, was going to ass, but it could all be crap to the end of my post lol.

[Bari]

He was but if he's not being backed by the board (I'm not sure what guarantees David Moores aked for) he might be in a situation where he can't saddle the club with debt.

Is it a case of the board has to be in absolute agreement before such a deal can take place?

This whole board backing, can someone explain?

Is it not Gillette and his son & Hicks and his son, Rick Parry and David Moores

Why would they then need board backing, if the 2 owners are in agreement of securing the loan against the club assets.

[thesilverfoxlfc]

MAn United is owned by Glaziers, Arsenal has someone already eying up a majority sharholding, Chavs have Abramobitch.
DIC will be very interested in LFC, especially after seeing the Scums profits in the last year.

Hopefully

[bazza76]

He was but if he's not being backed by the board (I'm not sure what guarantees David Moores aked for) he might be in a situation where he can't saddle the club with debt.

Is it a case of the board has to be in absolute agreement before such a deal can take place?

Have no idea mate, would have guessed they woud have needed the majority vote, which I thought they had. I am not that well up on these matters

[RedProf]

Could Hicks have said this as a preplanned exit strategy - so he can say the fans are no longer with him so he is going for the good of the club, whilst laughing all the way to bank his £40M profit..........not bad for a year's work and no input of his own fortune.

[kurtangle01]

Equally, both Hicks and the club maintain in private that Hicks, at least, is an unwilling seller, to anyone, at the moment.


http://sport.independent.co.uk/footb...cle3342139.ece

I don't unserstand this bit. Has he agreed to due dilligence or is Hicks un-willing to sell? It's either one ot the other...

[kurtangle01]

Have no idea mate, would have guessed they woud have needed the majority vote, which I thought they had. I am not that well up on these matters

Me neither.

I'm not very business minded and am trying to understand this sort of stuff but in reality it goes way over my head.

[sonsofthedesert]

I guess it's a case of wait and see but I'm pretty sure that if there was due dilligence being conducted on the clubs books more than one paper would know about it.

The three letters of DIC neve seem to be far away though, do they?

Can't make up my mind if DIC are saying no comment to try and stir things up or because something is up.

[AFII]

I don't unserstand this bit. Has he agreed to due dilligence or is Hicks un-willing to sell? It's either one ot the other...

Gillett is prepared to sell but not Hicks as I understand it.

[Radar]

So basically Hicks is a genius

Makes $40 million without spending a penny

[bazza76]

Can't make up my mind if DIC are saying no comment to try and stir things up or because something is up.

I hope they are.

[bazza76]

So basically Hicks is a genius

Makes $40 million without spending a penny

Hicks looking to other investors to buy Gillett's shares?

[kurtangle01]

Can't make up my mind if DIC are saying no comment to try and stir things up or because something is up.

What do they get from that...other than some morbid satisfaction of being able to laugh at the jokers that gazumped them ofcourse.

I can't make my mind up about it.

All I can do is hope for positive news. The opposite is far to horrific to even contemplate.

[kurtangle01]

Gillett is prepared to sell but not Hicks as I understand it.

But surely both would have to agree to due dilligence for it to take place?

[Radar]

Hicks looking to other investors to buy Gillett's shares?

In that sense, a buyer offering them £350m for their 100 per cent stake could well be attractive. It would allow them to repay their £270m RBS loan and walk away with an £80m profit between them after just a year's involvement. Yet as recently as last autumn, they were valuing the club at an extraordinary £1bn, a figure unrelated to financial reality.