Liverpool debt dispute forces Americans to consider sale

[Rocket]

I always thought we sold the club on the cheap in any case - £270m or whatever is way too low considering the untapped potential and the fact that Spurs are being valued for more..

spurs are london based + how do you put value on potential? you can't capitalise potential

[Pacman]

DIC???? My arse.

Never going to happen.

We are stuck with these 2 clowns.

[Morten_nogamst_Pedersen]

DIC???? My arse.

Never going to happen.

We are stuck with these 2 clowns.

Tom and Harry, without DIC?

[tomasjj]

Very interesting article.

How on earth can anyone stop Hicks and Gillet putting debt on the club?
Who is this 'board' and why can't Hicks and Gillet just overrule them?!

Maybe Gillett is a good egg and wants to honour his promise?

[Flake]

I give your post 0/10. Can you please stop commenting me every time I speculate or post something that isn't a fact. It's ****ing ridiculous and you behave like a child that think that he is better than anyone else.

[desertscouser]

Where's Gillette in all this? He's very quiet isn't he?

He may be plotting to oust the Texan c**t behind the scenes

[tomasjj]

He may be plotting to oust the Texan c**t behind the scenes

I do hope so.

[CAD]

I give your post 0/10. Can you please stop commenting me every time I speculate or post something that isn't a fact. It's ****ing ridiculous and you behave like a child that think that he is better than anyone else.

Even when yuo rant you're kinda funny

[AFII]

Liverpool owner Gillett furious with Hicks over Klinsmann revelation
tribalfooball.com - January 16, 2008

A split has formed inside the Liverpool boardroom over Tom Hicks' admission of talks with Jurgen Klinsmann.

The Guardian says Hicks's admission that Klinsmann was approached to succeed Rafael Benitez has spread internal division at Liverpool into the boardroom, with the other co-chairman, George Gillett, and the chief executive, Rick Parry, enraged by the public revelations which have undermined the Spanish manager and exposed the Americans' ownership to ridicule.

Gillett is understood to be livid with his business partner at the embarrassment the Klinsmann revelations have caused and the fury it has provoked against their reign among the Liverpool support. It is not the meeting with the former Germany national team coach which has irked Gillett, however, because he himself was present at Hicks's Californian retreat when the Liverpool owners tried to secure their "insurance policy" against Benitez's rumoured departure.

[CAD]

Bloody hell. Its so stupid to judge one person because you dont like other people from his land. How can you say they are all the same? Thats stupid, no?

Anyway you cant blame them for being arrogant, considering westerners regularly go there to party like animals and disturb their peace. Obviously they arent all going to appreciate the western lifestyle and drunken yobs


(notice the stereotype)

The racism is mostly manifested through their total disregard for Asians. It's a general observation not a judgement on individuals.

Anybody here been to Dubai? Anybody here who has experienced the same as me?

[desertscouser]

I give your post 0/10. Can you please stop commenting me every time I speculate or post something that isn't a fact. It's ****ing ridiculous and you behave like a child that think that he is better than anyone else.

[Dhav]

From RAWK....

1. Wachovia share price has fallen by a third in the period since they were approached to refinance the Texan (spits) deal;

2. Wachovia are announcing their 3rd quarter results this week.... expected to be very gloomy....

Roll on the subprime credit crisis in good ol freemarket USA.

Look out also for how the dollar goes in coming days.

Hateful I know, but the collapse of USA moneymarkets gives us our best chance of avoiding the mess to come.

The downfall of the USA is a small price to pay to reclaim our club

[desertscouser]

Hard to dream about DIC. You'd be hard pressed to find a more racist and arrogant people than the native citizens of Dubai. They do carry a lot of cash but damn it to hell I would hate to see them take over the club.

Not the impression I have of the Emiraties. I'm there at least 3 times a year and the locals I've met have always been sound.

You have to remember that only 20% (I think that's the figue) of Dubai is made up of locals. The rest are made up of Pakistanis, Indians, Bangladeshi's, Phillipinos and other expats. It must be slightly hard to take for some locals but I wouldn't say they're fundamentally racist.

[Bender]

The future of Tom Hicks and George Gillett at Liverpool has once again been cast in doubt amid fresh reports that the two Americans are at loggerheads with the rest of the club's board.

The cause of the dispute is the way in which the pair plan to refinance the loan with which they secured ownership of Liverpool last year. The loan from the Royal Bank of Scotland is due to be repaid at the end of next month and, rather than inject their own money, Hicks and Gillett are intent on securing a second loan of around £350m to pay off the first.

'The businessmen want to put the new debt directly on to Liverpool's books, guaranteed, crucially, against club assets, not their own,' reports The Independent.

The club's board are understandably aghast at this proposal, not least because it directly contravenes the American's pledge not to plunge the club in 'Glazer-style' debt. 'Now, it seems, that is exactly what they were planning. Neither has spent any of their own cash yet. Unless they guarantee the new loans with their own money - which they may be unwilling or unable to provide - the impasse will continue,' says the newspaper.

With neither party willing to budge, a sale becomes increasingly likely. The Indy cites a 'major football financier' claiming that 'Hicks and Gillett had agreed a deal in principle to sell the club for £350m, and that a process of due diligence was under way.'

[Dhav]

Liverpool owner Gillett furious with Hicks over Klinsmann revelation
tribalfooball.com - January 16, 2008

A split has formed inside the Liverpool boardroom over Tom Hicks' admission of talks with Jurgen Klinsmann.

The Guardian says Hicks's admission that Klinsmann was approached to succeed Rafael Benitez has spread internal division at Liverpool into the boardroom, with the other co-chairman, George Gillett, and the chief executive, Rick Parry, enraged by the public revelations which have undermined the Spanish manager and exposed the Americans' ownership to ridicule.

Gillett is understood to be livid with his business partner at the embarrassment the Klinsmann revelations have caused and the fury it has provoked against their reign among the Liverpool support. It is not the meeting with the former Germany national team coach which has irked Gillett, however, because he himself was present at Hicks's Californian retreat when the Liverpool owners tried to secure their "insurance policy" against Benitez's rumoured departure.

Not good enough. According to this, Gillett is pissed off at basically the PR gaff of Hicks announcing to the press that they negotiated with Klinsmann. If he had any integrity, he would be ashamed that they went behind the incumbent's back and offered his job to an inexperienced no mark. But of course, these ******s think they did nothing wrong there

Gillett is no better than Hicks IMO. He is at very least complicit in all this. He needs to **** off out of our club along with Hicks.