Dubai International to make bid for Liverpool FC

[vantage]

Just a thought, but presumably Hicks and Gillet can use income from any of their businesses to pay for the loan.

Anyone know whether they have other businesses making money?!

The way they've handled this I'd be very doubtful.

[Guest]

I think we can only hope mate. If anything them getting refinancing means their hand isnt as forced and they can choose to hold onto the club if they so wish.

It certainly doesnt mean its the end for DIC but I would assume they would now have to pay more money to acquire the club.

Well, I've read somewhere it would mean the club being valued less because of the debts incurred.

[Chrono]

Quick question. Other than the "no comment" from DIC is there ANYTHING to suggest they are even remotely interested in investing in our club. I have not seen a single quote.

[Sadgeek]

Am I right in saying then that out of the £350 million loan £295m will affectively be put on the club. Who is responsible for paying the Kop Investment side of things, the club?

From a previous article:

each of the US sports tycoons providing £20m in cash, £37.5m in letters of credit and £55m in personal guarantees.

I took that as meaning that the loan from RBS/Wach was only to be circa 220m, but not sure whether some of those figures would also fall to the club

[Rashid]

A matter of days can change into weeks, who knows what's happened this past week and who has called who's bluff. DIC still want in and I think they will get us in the end depends how much these cunts can stick it. Not being able to go to games would be a start. I only said what I was told, that DIC will own us in a few days.

[enema of the state]

The ECHO understands the club will take on £105m, Kop Investment, the holding company set up by Hicks and Gillett in the immediate aftermath of last year’s takeover, will take on £190m, with the co-owners having been asked to put up £55m of their own money.

as always here, any devil will lie in the detail .

if the only debt on the club is £105m then this is really good news - thats a very manageable amount for the club medium turn. with a 60k+ capacity which well have in 4 years or so, it will be trivial

there needs to be clarification on the £190m and where the buck stops. the key question in my mind is could any receiver start selling the clubs individual assett's (ie players/ground) to pay off a default or is there a true separation set in the contractual detail.

Even £295m debt - unpalatable as it must seem to many - shouldnt be crippling if the stadium is built and filled.

All that said, the above events put the club in a stronger position - as a business - than when the yanks took over. add to this the additional playing squad value and it cant be denied that theyve added value to the business.

It would definitely be an advantage, in terms of on-field strength (which is what i care about most) at this point for an external investor (ie DIC) to buy the club, take on these debts and have extra cash to inject into the playing squad.

either way, LFC remains alive and well

[Sarb]

A matter of days can change into weeks, who knows what's happened this past week and who has called who's bluff. DIC still want in and I think they will get us in the end depends how much these cunts can stick it. Not being able to go to games would be a start. I only said what I was told, that DIC will own us in a few days.

Can you get on to your source and ask if DIC are still in then? I remember Coops was also saying it was a matter of days. Didn't Lawro also say that he had heard that the Arabs were taking over?

What's the latest you've heard Rash after today's developments?

[carlton]

as always here, any devil will lie in the detail .

if the only debt on the club is £105m then this is really good news - thats a very manageable amount for the club medium turn. with a 60k+ capacity which well have in 4 years or so, it will be trivial

there needs to be clarification on the £190m and where the buck stops. the key question in my mind is could any receiver start selling the clubs individual assett's (ie players/ground) to pay off a default or is there a true separation set in the contractual detail.

Even £295m debt - unpalatable as it must seem to many - shouldnt be crippling if the stadium is built and filled.

All that said, the above events put the club in a stronger position - as a business - than when the yanks took over. add to this the additional playing squad value and it cant be denied that theyve added value to the business.

It would definitely be an advantage, in terms of on-field strength (which is what i care about most) at this point for an external investor (ie DIC) to buy the club, take on these debts and have extra cash to inject into the playing squad.

either way, LFC remains alive and well

yeah that all sounds good until the bit about borrowing another 300 million to build stadium

[enema of the state]

A matter of days can change into weeks, who knows what's happened this past week and who has called who's bluff. DIC still want in and I think they will get us in the end depends how much these cunts can stick it. Not being able to go to games would be a start. I only said what I was told, that DIC will own us in a few days.

cf the "my email to tom hicks thread"

the fact that hicks has a pr company replying to every email - no matter how much of an abusive knob-end its from - suggests a hostile takeover mentality: very strenous efforts being made to control the informational flow out of his camp as the potential sellin price can be very very sensitive to this. any suggestion hes keen to sell would cost him tens of millions.

my gut read of this situaution - based purely on public domain information - is that the americans want to/will sell and are trying to drive the deal price up

[memzey]

So, in summary are we about to be bought by dic or just being ****ed by a couple of them?

[Tom]

Just had a chat with a banker friend of mine. He said that it would be highly irregular in this country for Kop investments to use assets from LFC to pay debt on a loan that they own.

As for making us more palateable as a takeover option, I find myself in the unusual position of agreeing withe Enema

Hicks and Gillette are indeed controlling the flow of information, I've been on the end of a deal of it myself. Fingers crossed this analysis is right.

[Guest]

Just had a chat with a banker friend of mine. He said that it would be highly irregular in this country for Kop investments to use assets from LFC to pay debt on a loan that they own.

As for making us more palateable as a takeover option, I find myself in the unusual position of agreeing withe Enema

Hicks and Gillette are indeed controlling the flow of information, I've been on the end of a deal of it myself. Fingers crossed this analysis is right.

But if it's right and the price does go up, it won't makes things easier. Or am I missing something there ?

[Elvis]

BBC website now saying that Hicks will announce new stadium plans at same time as re-financing package......groan.

[Lecter]

So that debt put on Kop Investments may as well be put directly on the club then?

Yes

Its all smoke and mirrors financing imo to disguise the real facts

IF this is approved LFC will be in £350 million debt and will have to meet all repayments

[Lecter]

no not really-if LFC dont make a profit the yanks have to pay the interest bill on Kop Investments from there own pockets. Also theres a lot less debt on the club-at the moment.

Very easy way to ensure you make profits

Dont spend anything on transfers