Dubai International to make bid for Liverpool FC

[el matador]

In addition the values of business are made up of goodwill and assets - the goodwill is calculated on many variables including brand worth, and net profitablility. All this is looked at against the balance sheet and Liverpool's balance sheet will be showing a very negative picture. The club will probably be valued less than it was when hicks and gillett first bought it.

Hence its more attractive to purchasers now after re-financing.

[rushscored4]

Iain, I'll have you know that I popped into the RBS in Cheadle earlier, and Debbie behind the counter told me all parties concerned have agreed a deal for DIC to take over the club - it's all over bar the signatures. That's what Debbie behind the counter told me.

Funnily enough I used to work in Cheadle and know most of the people there. And the reason I left the RBS was because my missus found out I was shagging a very fit young Customer Adviser from Knutsford Branch called Debbie!!

“We’re a very very modest club. We don’t talk. We don’t boast. But we’re very professional” — Sir John Smith, Liverpool chairman 1973-90

There is something that they call “The Liverpool Way”. It is an ethos, an unwritten constitution based on principles such as humility, modesty and continuity. From the boardroom to the boot room, there was a shared belief that Liverpool were a club that should be seen and not heard.

That is exactly why I was appalled at the protests on Monday night and had several heated arguments on this site about it (Coops even thought I was taking his title as "Est 1892's Most Argumentative Poster" away from him!)

[Johnny]

How many posts of yours have I ignored? If there isn't enough detail in the press concerning the refinancing to worry you then fair enough. I suggest otherwise.

Yes losing all rational thought, hysterical overreaction, more of the same kind of
patronising stick I got when I said the club was at risk and that the yanks were going to sack rafa.

There`s still no concrete proof that the club is at risk and The Yanks have said in public and (Suipposedly) in private to Coops that they are behind Rafa.But they are neo con...............so We shouldn`t believe them.


As I said,Hysteria and speculation.

[disco]

Johnny, if you're going to reply to 2.5 hours worth of posts it's going to take a while!

Back on subject - lending looks in place, more capital from H&G, less on club (although debate on how much is ultimately secured on club, devil is in the detail).

HOWEVER, this might make the club look more attractive to DIC, so perhaps there's a twist or two to happen anyway....

[Pacman]

Johnny, if you're going to reply to 2.5 hours worth of posts it's going to take a while!

Back on subject - lending looks in place, more capital from H&G, less on club (although debate on how much is ultimately secured on club, devil is in the detail).

HOWEVER, this might make the club look more attractive to DIC, so perhaps there's a twist or two to happen anyway....

They will still lump another 300 mil on us when they need to build the ****ing stadium.

This is what pisses me off this re financing is just so they can pay for buying the club. We are going to be close to half a billion quid in debt in the next few years.

[GordonGecko]

It will be interesting to see what happens to football with the potential recession.

There has been a meteoric rise in money going in to the PL. Clubs are used to the money & spend accordingly.

If the recession hits hard then TV money might drop (especially if the recession is global).....less merchandise sales, potentially lower gates, less sponsorship (depending on the club & the length of current deals) etc....Bubbles can burst.

Best not mention potential non qualification for the Champions league....ouch!!

If this did come about, with the smaller revenue streams & additional debt the picture isn't pretty!!

Come on DIC - make your move!!

[el matador]

There`s still no concrete proof that the club is at risk and The Yanks have said in public and (Suipposedly) in private to Coops that they are behind Rafa.But they are neo con...............so We shouldn`t believe them.


As I said,Hysteria and speculation.

the club is at a massive risk - my friend works for RBS and he has come back with the following:

"the reason for only £190m of the loan being secured against Kop football limited is that they club is only worth that. the owners have been asked to put up money and letters of credit that they owe to the banks and personal guarantees to make up the remaining debt of £160m. Currently on the market our club would be worth next to nothing."

So he said that our club is worth approx £190m and thats why only £190m has been secured against it (effectively) and the rest of the debt is secured against hicks and gillett personally. Who has ever heard of a club that owes twice what it is worth ?

[Johnny]

They will still lump another 300 mil on us when they need to build the ****ing stadium.

This is what pisses me off this re financing is just so they can pay for buying the club. We are going to be close to half a billion quid in debt in the next few years.

So how long would that take to pay off and would the banks allow them to get into such massive debt???

[Johnny]

the club is at a massive risk - my friend works for RBS and he has come back with the following:

"the reason for only £190m of the loan being secured against Kop football limited is that they club is only worth that. the owners have been asked to put up money and letters of credit that they owe to the banks and personal guarantees to make up the remaining debt of £160m. Currently on the market our club would be worth next to nothing."

So he said that our club is worth approx £190m and thats why only £190m has been secured against it (effectively) and the rest of the debt is secured against hicks and gillett personally. Who has ever heard of a club that owes twice what it is worth ?

So they are putting their own money in.Taking debt in their own name aswell as LFC`s.

[Pacman]

So how long would that take to pay off and would the banks allow them to get into such massive debt???

They let the Glaziers.

That's the whole point it would never in our life time be paid off.

I may sound OTT but it's the end of Liverpool as we know it.

[Dhav]

They will still lump another 300 mil on us when they need to build the ****ing stadium.

This is what pisses me off this re financing is just so they can pay for buying the club. We are going to be close to half a billion quid in debt in the next few years.

It will be interesting to see what happens to football with the potential recession.

There has been a meteoric rise in money going in to the PL. Clubs are used to the money & spend accordingly.

If the recession hits hard then TV money might drop (especially if the recession is global).....less merchandise sales, potentially lower gates, less sponsorship (depending on the club & the length of current deals) etc....Bubbles can burst.

Best not mention potential non qualification for the Champions league....ouch!!

If this did come about & Liverpool are saddled with this debt with smaller revenue streams, the picture isn't pretty!!

Come on DIC - make your move!!

But haven't the banks looked at all these factors, and they're still willing to stump up the cash? Being half a billion in debt scares the life out of me, even with a new stadium (which probably wont be finished for 5 years) on the way. Man U with their massive profits are keeping their head above water, but they're on a different planet to us financially. And if we don't have a competitive team, I can't see us filling a 70,000 stadium evey game anyway.

[GordonGecko]

the club is at a massive risk - my friend works for RBS and he has come back with the following:

"the reason for only £190m of the loan being secured against Kop football limited is that they club is only worth that. the owners have been asked to put up money and letters of credit that they owe to the banks and personal guarantees to make up the remaining debt of £160m. Currently on the market our club would be worth next to nothing."

So he said that our club is worth approx £190m and thats why only £190m has been secured against it (effectively) and the rest of the debt is secured against hicks and gillett personally. Who has ever heard of a club that owes twice what it is worth ?

Excellent news

***pulls trigger***

[Rafa Shankly]

They let the Glaziers.

That's the whole point it would never in our life time be paid off.

I may sound OTT but it's the end of Liverpool as we know it.

dont think its ott mate.

btw ive just logged on to all this doom and gloom,im assuming that were all now of the opinnion that were stuck with the yanks?

if so thats exactly why i didnt get my hopes up,we never have been and never will be so lucky that something like DIC taking over would ever happen to us.

[el matador]

So they are putting their own money in.Taking debt in their own name aswell as LFC`s.

that's what my friend has said - the banks just woulnt touch it otherwise. Like I said who has ever heard of a club owing twice as much as its worth - it would be ridiculous.

The club is as serious risk because its currently worth nearly nothing which in the event of an issue with the loan repayments could be sold to almost anyone. Even worse banks to raise capital short term could look to liquidate an asset - ie sell a player to raise immediate funds.

The only bit of consolation is that he said we were more attractive as a takeover proposition but he didnt say to who.

[enema of the state]

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

I read that as a refinancing would be required at some point in the future - ie the deal announce this week would just meet the immediate deadline - not an EXTRA £300m. £650m doesnt add up mate