Dubai International to make bid for Liverpool FC

[Red Chilli]

So now it's official. We are ****ed if G&H stays.

Our last hope is that DIC will buy us.

Selling the naming rights should help though shouldn't it?

The potential to "do a Leeds" is there, especially if these loons bin Rafa

[AFII]

It also means that we must continue to protest against them week in week out until they are gone.

There isn't any other option. It isn't nice or the Liverpool way but it looks like it's the only way to save the club.

If G&H want a war then they will get it.

[AFII]

Selling the naming rights should help though shouldn't it?

The potential to "do a Leeds" is there, especially if these loons bin Rafa

Selling the naming rights only helps out with the other big loan(£300m) that G&H must take.

[Red Chilli]

It also means that we must continue to protest against them week in week out until they are gone.

There isn't any other option. It isn't nice or the Liverpool way but it looks like it's the only way to save the club.

If G&H want a war then they will get it.

They don't want a war AFII, they just want to get on with the job.

[AFII]

They don't want a war AFII, they just want to get on with the job.

Who cares what they want?

We can't let them go on with their job taking the club down. Their is no way that we can pay £30m/year in interest.

We didn't even made that kind of profit when we won the CL.

[BigChief]

You know the criminality of it all, why the f*ck did Moores/Parry not simply do a criminal records check on these two outlaws before turning away those 'shifty looking' Arabs?

How on earth had we survived under Moores/Parry for so long up to now? Just on 'loyalty' and 'passion' alone I guess.

[AFII]

You know the criminality of it all, why the f*ck did Moores/Parry not simply do a criminal records check on these two outlaws before turning away those 'shift looking' Arabs?

How on earth had we survived under Moores/Parry for so long up to now? Just on 'loyalty' and 'passion' alone I guess.

Very simple.....DIC....Moores and Parry out. G&H.....Moores and Parry stay.

[Skillz]

I'm with AFII on this, we are in a precarious position here. If by continuing protests adds pressure on G&H this will embolden DIC's resolve while weakening Hick's position. The fact that so many have decided see how it pans out and relaxed the protests would be giving Hicks a hardon.

Each to their own though cos I can't do much from where i am sat.

[MosRay]

Hicks admission casts doubt on Benitez plans

By David Bond
Last Updated: 1:58am GMT 29/01/2008

Have your say Read comments

Liverpool's American owners have admitted for the first time that the football club will have to finance around £30 million in annual interest payments on new loans taken out to pay for their takeover of Anfield last February.

Despite announcing last Friday that only £105m of a new £350m refinancing package was at "club-level", a spokesman for co-chairman Tom Hicks admitted last night that the club would also be responsible for servicing the remaining £245m, which had been placed on the balance sheet of Liverpool's parent company Kop Football (Holdings) Ltd.

A spokesman from Financial Dynamics, the City PR company which represents Hicks, said: "The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop's ownership, under the terms of the financing package, is prepared to fund whatever is required.

"The debt is being handled exactly as it is handled at the vast majority of professional sports teams."

The admission is significant because Liverpool's chief executive Rick Parry and former chairman David Moores, who remains a director, have resisted attempts by Hicks and his co-owner George Gillett Jr to transfer the £220m cost of last February's takeover on to the club's books.

They voted against the proposal at a board meeting last autumn and their continued opposition to the move was one of the key factors in slowing the new £350m deal with Royal Bank of Scotland and Wachovia, finally announced last week.
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Under the terms of the new deal, Kop Football said £105m would be placed on the club, including £60m for the start of work on a new 71,000-seat stadium at Stanley Park and a further £45m to cover other club debts, including money for past and future player acquisitions.

The remaining £245m was split into two tranches; £60m of so-called existing debt which the Americans say they inherited at the time of their takeover, and £185m, which they say relates to the cost of acquiring their shares in the club.

Liverpool sources say they remain comfortable with the £8m-a-year interest fees which are likely to accompany the £105m club debt.

But Hicks's admission last night that the whole debt would have to be serviced by the "asset", namely Liverpool Football Club, appeared to confirm that cash flows from Anfield would have to cover the whole interest cost, likely to be in the region of £30m at current market interest rates of eight per cent.

There are fears among club insiders and fans that the annual interest costs will wipe out Liverpool's operating profits, which are expected to be in the region of £30m for the financial year ended June 2007, applying a further brake on manager Rafa Benitez's plans in the transfer market.

www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/01/29/sfnliv129.xml

Just confirms what we thought all along.... Hope this helps cast the stone for the deluded ones on here.......

[Sarb]

Hicks admission casts doubt on Benitez plans

By David Bond
Last Updated: 1:58am GMT 29/01/2008

Have your say Read comments

Liverpool's American owners have admitted for the first time that the football club will have to finance around £30 million in annual interest payments on new loans taken out to pay for their takeover of Anfield last February.

Despite announcing last Friday that only £105m of a new £350m refinancing package was at "club-level", a spokesman for co-chairman Tom Hicks admitted last night that the club would also be responsible for servicing the remaining £245m, which had been placed on the balance sheet of Liverpool's parent company Kop Football (Holdings) Ltd.

A spokesman from Financial Dynamics, the City PR company which represents Hicks, said: "The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop's ownership, under the terms of the financing package, is prepared to fund whatever is required.

"The debt is being handled exactly as it is handled at the vast majority of professional sports teams."

The admission is significant because Liverpool's chief executive Rick Parry and former chairman David Moores, who remains a director, have resisted attempts by Hicks and his co-owner George Gillett Jr to transfer the £220m cost of last February's takeover on to the club's books.

They voted against the proposal at a board meeting last autumn and their continued opposition to the move was one of the key factors in slowing the new £350m deal with Royal Bank of Scotland and Wachovia, finally announced last week.
advertisement

Under the terms of the new deal, Kop Football said £105m would be placed on the club, including £60m for the start of work on a new 71,000-seat stadium at Stanley Park and a further £45m to cover other club debts, including money for past and future player acquisitions.

The remaining £245m was split into two tranches; £60m of so-called existing debt which the Americans say they inherited at the time of their takeover, and £185m, which they say relates to the cost of acquiring their shares in the club.

Liverpool sources say they remain comfortable with the £8m-a-year interest fees which are likely to accompany the £105m club debt.

But Hicks's admission last night that the whole debt would have to be serviced by the "asset", namely Liverpool Football Club, appeared to confirm that cash flows from Anfield would have to cover the whole interest cost, likely to be in the region of £30m at current market interest rates of eight per cent.

There are fears among club insiders and fans that the annual interest costs will wipe out Liverpool's operating profits, which are expected to be in the region of £30m for the financial year ended June 2007, applying a further brake on manager Rafa Benitez's plans in the transfer market.

www.telegraph.co.uk/sport/main.jhtml?xml=/sport/2008/01/29/sfnliv129.xml

Just confirms what we thought all along.... Hope this helps cast the stone for the deluded ones on here.......

That one is for all the people on here sucked in by the big fan fare of Hicks last week. I'm sure SpeedyG will still call it speculation!

Also this makes me laugh. People were happy because Hicks said we can "Absolutely" have Mascherano. Fact is it won't be Hicks' money that he uses to buy Mascherano. It will be another loan secured on the club just like with Torres and Babel in the Summer. He said he bought us Skrtel, but that's covered by the selling of Sissoko.

This Yanks' reign is a ****ing joke. At Corinthians he went on about a new stadium but got out after three years and after selling their best players.

Liverpool are in massive trouble make no doubt about it. You've got people in charge who have no money and are not willing to put any money in. And I find it quite worrying that we're going to spend £17m odd on Mascherano

[disco]

So now it's official. We are ****ed if G&H stays.

Our last hope is that DIC will buy us.

Doesn't tell us anything new, we always knew the club would pay if it made enough money, again the devil is in the detail.

A spokesman from Financial Dynamics, the City PR company which represents Hicks, said: "The holding company debt is supported by the assets it acquired and should there ever be any shortfall in cash flow at the club or anywhere else in Kop in any given year, Kop's ownership, under the terms of the financing package, is prepared to fund whatever is required.

I'm more interested in

- support for transfers, particularly if LFC don't qualify for CL; and
- how payments would be met when LFC can't pay.

[Tom]

We're royally ****ed.

[kopdan]

lol

but you said we would be bought by DIC?

i'm confoosed

[Tom]

Doesn't tell us anything new, we always knew the club would pay if it made enough money, again the devil is in the detail.



I'm more interested in

- support for transfers, particularly if LFC don't qualify for CL; and
- how payments would be met when LFC can't pay.

They are connected though Darren - seeing as the most we've made in a season is 9 million profit......

[Tom]

lol

but you said we would be bought by DIC?

i'm confoosed

No I didn't I said I was hopeful.