Dubai International to make bid for Liverpool FC

[Red_Al_77]

Yes they are, DIC and RBS have done business in the past. Maybe not a client on this matter, but they are a client.

but, and this is the important point, they will not be able to talk to DIC about any financing they have with G&H irrespective of whether DIC have done business with RBS in the past.

[Guest]

but, and this is the important point, they will not be able to talk to DIC about any financing they have with G&H irrespective of whether DIC have done business with RBS in the past.

I don't think anything they want to know isn't in the public domain anyway, or the gist of it. Things are said anyway between parties.

[Red_Al_77]

I don't think anything they want to know isn't in the public domain anyway, or the gist of it. Things are said anyway between parties.

Exactly. The concept of DIC coming to London to talk to the RBS about the financing that exists with another client is frankly ridiculous.

[andyhanrahan]

yanks will get their loan within next 3 days, moores has quit board ( had only an honourary position) in the hope that this will somehow redeem himself.

[desertscouser]

Has Moores really quit??

That certainly wouldn't be redeeming himself imo.

[Red_Al_77]

yanks will get their loan within next 3 days, moores has quit board ( had only an honourary position) in the hope that this will somehow redeem himself.

Moores can console himself with the extra £8million he made.

[Guest]

yanks will get their loan within next 3 days, moores has quit board ( had only an honourary position) in the hope that this will somehow redeem himself.

That's only a rumour mate, nothing concrete into that yet.

[disco]

The RBS have already lent. Why would the RBS encourage HICKS to take an offer. If he defaults then they own the club and then they will profit from any sale not HICKS.

It's not in the RBS's interest for there to be a default either, they may not even get the full loan back in a fire sale. Nor would they want the expenses of running the business either

If I'm going to loan £300m, I would want to know the assets are there to cover it. And surely personal assets (i.e. a deposit) is preferable to being 100% or close to 100% secured on a business/property.

[AFII]

Worst market falls since 9/11
By Rebekah Curtis, Reuters
January 21 2008

LONDON (Reuters) - The top share index dived more than 5.5 percent on Monday, its biggest daily drop since the September 11 2001 attacks in the United States, as stocks around the globe tumbled on fears a U.S. recession is looming.

The FTSE 100 skidded 323 points or 5.5 percent to 5578.20, hitting its lowest since June 2006. The index has shed more than 13 percent since the start of the year as mounting recession fears have pummelled financial markets around the globe.

Equities across Europe suffered severe falls, with the pan-European FTSEurofirst index down more than 5 percent, also on track for its biggest daily percentage loss since 2001.

Last week President George W. Bush called for package of tax cuts and other measures of around $140 billion (72 billion pounds) to $150 billion to shore up the U.S. economy, battered by the subprime mortgage crisis and subsequent credit crunch.

But widespread doubts over the effectiveness of such action sent U.S. stocks reeling on Friday to close out the worst week for the S&P 500 in five years, while Tokyo's Nikkei shed 3.9 percent on Thursday.

U.S. markets are closed on Monday for Martin Luther King Day.

Vulnerable financial stocks took a whipping, whisking more than 60 points off the FTSE 100. Among the worst hit, Standard Chartered and Royal Bank of Scotland lost more than 7 percent.

"We're breaking down through some key levels, if you look at the charts it's all got very negative for equities against a backdrop of economic news which is getting worse," said Chris Iggo, strategist at Axa Investments. "It hasn't hit the public domain that this is a serious correction, so that sentiment has still got some way to deteriorate."

Falling U.S. crude oil prices knocked oil majors BP and Royal Dutch Shell down about 6 percent each. The energy sector stole 68 points from the index.

ROCK IN THE STORM

Troubled mortgage lender Northern Rock went against the grain by surging 36 percent, after earlier rocketing as much as 55 percent. The government has set a two-week deadline for a private-sector rescue of Northern Rock, as it confirmed plans to convert its almost 25 billions pounds of loans to the stricken bank into bonds in a bid to smooth a deal.

Friends Provident also provided a glimmer of light in a miserable market, up 3.7 percent after U.S. private equity firm JC Flowers said it is considering making an offer for the insurer.

Miners, sensitive to global economic growth fears, took a beating as copper prices dropped.

Vedanta lost 7.3 percent and Antofagasta shed 3.7 percent.

Xstrata, down 4.6 percent, earlier jumped as much as 4.8 percent on bid talk after Brazilian newspapers reported said Brazilian mining giant Vale is preparing to make a bid for Anglo-Swiss rival in deal that could be worth $90 billion.

Also falling with the market, Rio Tinto dropped 8.7 percent even though BHP Billiton has brought in more banks to help it find the $70 billion it needs to fund its planned takeover of Rio, the Sunday Times said.

In the same sector BHP fell 8.6 percent.

Rio Tinto and Xstrata both said coal production at their mines in Australia's Queensland state had been hit by heavy rains.

http://money.uk.msn.com/investing/ar...mentid=7305023

[Jimthered]

What Moores or Parry say , think ,or do, is by and large irrelevant. The decisions are made by Kop Football of which the 4 shareholders are Hicks , Gillet and their sons.

The only thing Moores and Parry can do is what they are told to do by the owners, if they dont like it then they know where the door is.

I imagine that if they are passing information to the press , then they will probably be gone from Anfield long before the Americans are.

[Red_Al_77]

It's not in the RBS's interest for there to be a default either, they may not even get the full loan back in a fire sale. Nor would they want the expenses of running the business either

If I'm going to loan £300m, I would want to know the assets are there to cover it. And surely personal assets (i.e. a deposit) is preferable to being 100% or close to 100% secured on a business/property.

Totally disagree. RBS are about making money. They would have a product. There are allegedly potential buyers willing to part with serious money. If G&H fail they won't cry. You underestimate RBS Darren. They will auction us off and walk away with money. DIC will ensure they are well looked after.

[fitzy77]

Mark Lawrenson was just on Irish radio being asked about the takeover...said he had been talking to a senior official at the club about it, who told him "I'm starting to learn Arabic".

[AFII]

Mark Lawrenson was just on Irish radio being asked about the takeover...said he had been talking to a senior official at the club about it, who told him "I'm starting to learn Arabic".

[jonymadness]

Mark Lawro just on the radio

here in Ireland, he is at Anfield tonight, said he spoke with a 'senior club official who works here everyday' and he told him that he is starting to learn Arabic.

[Guest]

Mark Lawrenson was just on Irish radio being asked about the takeover...said he had been talking to a senior official at the club about it, who told him "I'm starting to learn Arabic".

That's a good snippet unless he had a big smile on his face.

He was on radio