Dubai International to make bid for Liverpool FC

[Manofthebog]

Is Durango reliable mate.

Not a monkies.

Proof will be in the pudding, s'pose.

[scouse lad]

Is Durango reliable mate.

Is this the guy who told the world we were gonna sign Garray?

[Diego]

can someone please explain something, I thought the club will be worth less with the debt, so why would Hicks secure the loans if he wants to sell?

this might be useful was posted earlier in the thread:

Long time lurker here (long, long, long time).

First things first. This is NOT inside information from any connected source.

It is, however, rational considered opinion from someone whose, well, erm, opinion is worth considering.

Was chatting to an aquaintance today, who is very high up in an Accountancy firm in the city. He has many years of experience of business takeovers etc., including football clubs.

His reasoning:

a) In the current state, with deadlines around the corner, the Americans are in a "forced sale" situation. This is not good for them as far as negotiating a better price goes.
b) Therefore they want to complete the refinancing first.
c) But then they will try to sell, from their new position of (slightly greater) strength as it will no longer be a "forced sale" scenario.
d) The refinancing however will cost £30m-ish in arrangement fees etc. So DIC will be trying to persuade them to sell now to avoid that increased debt.

He sees only three likely outcomes:
1) Americans give in and accept an offer to sell before refinancing outcome is known.
2) Americans fail to achieve refinancing. In which case they will be forced to sell for a lower price.
3) In his opinion the most likely. Americans will get the refinancing, and will then sell.

That's all.

[scouse lad]

Is Durango reliable mate.

this might be useful was posted earlier in the thread:

Perfect!

[Darth Marty]

right lads, had to rely on teletext all pissing week andits left me completely clueless, would someone please@answer these few questions for me, factually if possible then adding any relevant guesstimates. thanks.
will the yank cunts sell our club?
will we buy mascher?
is rafa staying?
are dic still interested?
are we truly ****ed?

[Pablo]

right lads, had to rely on teletext all pissing week andits left me completely clueless, would someone please@answer these few questions for me, factually if possible then adding any relevant guesstimates. thanks.
will the yank cunts sell our club? No
will we buy mascher? No
is rafa staying? Gone in the summer
are dic still interested? No
are we truly ****ed? Yes

100% FACT based on over 4,000 posts of insider information

[andyhanrahan]

right lads, had to rely on teletext all pissing week andits left me completely clueless, would someone please@answer these few questions for me, factually if possible then adding any relevant guesstimates. thanks.
will the yank cunts sell our club?
will we buy mascher?
is rafa staying?
are dic still interested?
are we truly ****ed?

are we truly ****ed? yes but not in good way ala blonde polish bird but in a bad way ala fat bird with fat folds and body odour

[sinbad]

100% FUCT based on over 4,000 posts of insider information

[FatTony]

Am I losing it or did Hicks say that something was supposed to be happening today?

I'm sure I read a quote the other day saying something about Thursday???

[Pablo]

Am I losing it or did Hicks say that something was supposed to be happening today?

I'm sure I read a quote the other day saying something about Thursday???

Yes to both

[Red_Al_77]

So they have got the refinancing package by the skin of their teeth but I suspect they haven't a hope in hells chance of getting the cash to build the stadium even allowing for naming rights.

HICKS is squarely behind sorting this refinancing package IMO and he has done it to up the ante. DIC will now have to pay big monies to prise the club from their grasp. Personally I think they've missed the boat now.

[animal magic]

taken from football365.


Liverpool's American owners' have again delayed an announcement of a successful refinancing deal but an agreement should be made public tomorrow or Monday.

Co-owners Tom Hicks and George Gillett are on the verge of sealing a £350million package and had been expected to announce on Thursday that it had gone through.

There are no serious hitches however and it is understood the deal is all but signed off, and the announcement will include details of the chosen design for a new stadium at Stanley Park.

Of the £350million, more than £160million will be debt tied to Liverpool and around £190million covered by Hicks and Gillett's guarantees.

The £160million figure includes £105million new cash for the club - £65million to kick-start work on the new stadium, and a further sum of £45million of working capital including money for player acquisitions. The remainder is the existing debt the Americans inherited when they took over the club a year ago.

Hicks and Gillett are insisting however that the other £190million in the refinancing package - to cover their initial cost of buying the club - will not be loaded onto Liverpool.

Liverpool chief executive Rick Parry and former chairman David Moores, who is still a board member, have made it clear they oppose any of the takeover debt being loaded onto the club.

Now that doubts over the refinancing deal have evaporated, the Americans - particularly Hicks - face a struggle to win back the fans, not to mention manager Rafael Benitez.

Supporters staged protests against the owners at Anfield on Monday night, sparked by Hicks' revelation that he had sounded out Jurgen Klinsmann towards the end of last year as a possible successor for Benitez.

The supporters will also be watching carefully to see what happens to any profits Liverpool make - will they be used to service the club's debt or will a dividend be paid to the Americans' company Kop Holdings to service their debt?

Meanwhile, chances of Dubai Investment Capital (DIC) taking over Liverpool in the near future seem dead in the water.

It is understood Hicks spoke at length to DIC about selling up to them but they were unwilling to match his asking price.

[Vermilion]

****e, the DEBT will end up on the club dont you worry, they'll just wait till it all dies down, sack Parry and Bob's your uncle. Job done.....for them.

[Tomovich]

I just don't understand how you can borrow money to buy something and a year later refinance the same money by putting on the product you bought a year ago...

When you buy something then isn't it required that you put your OWN money on the table?

What if we buy a car today with a loan and next year you refinance the loan by putting that on your car. If they claim your car than what have you payed?

[Sarb]

I just don't understand how you can borrow money to buy something and a year later refinance the same money by putting on the product you bought a year ago...

When you buy something then isn't it required that you put your OWN money on the table?

What if we buy a car today with a loan and next year you refinance the loan by putting that on your car. If they claim your car than what have you payed?

Don't understand anything about this takeover to be honest