Dubai International to make bid for Liverpool FC

[Dhav]

they won't even need a "charm offensive" now, seems like half the people on here are already accepting it.

Wait till they all see the brand new shiny stadium when it's announced - They'll be rolling out the red carpet.

Fool me once, shame on you
Fool me twice, shame on me.

or in the words of dubbya:

Fool me once, shame on you
fool me twice, ......shame on you?

a Fooled man can't get fooled again

For any of you ladies out there interested in American politics I highly reccomend these genius clips. Off topic, I know but I'm bored of typing the same ****ing things in different ways, and reading the same replies (in different ways) to my posts, and I'm sure you all are too.........I think

http://video.google.com/videoplay?docid=-869183917758574879

http://video.google.com/videoplay?do...76117304287501

I'm with you on this mate.

People, please dont be taken in by their big promises and the PR blitz they'll hit us with tomorrow. These are still two cunts of the highest order.

[-V-]

If the above in bold is true then surely his contact must be Parry.

Not necessarily. Their are other financers, directors and negotiators.

He sounds genuine though and his info seems accurate

[Alpha]

they won't even need a "charm offensive" now, seems like half the people on here are already accepting it.

Wait till they all see the brand new shiny stadium when it's announced - They'll be rolling out the red carpet.

Fool me once, shame on you
Fool me twice, shame on me.

or in the words of dubbya:

Fool me once, shame on you
fool me twice, ......shame on you?

a Fooled man can't get fooled again

For any of you ladies out there interested in American politics I highly reccomend these genius clips. Off topic, I know but I'm bored of typing the same ****ing things in different ways, and reading the same replies (in different ways) to my posts, and I'm sure you all are too.........I think

http://video.google.com/videoplay?docid=-869183917758574879

http://video.google.com/videoplay?do...76117304287501

It beggars belief how easily people can be won round.

[AFII]

Tom Hicks and George Gillett near £350m deal
By Charles Carrick
Last Updated: 1:28am GMT 25/01/2008

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

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

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 £350m, more than £160m will be debt tied to Liverpool and about £190m covered by guarantees from Hicks and Gillett.

The £160m includes £105m of new money - £65m to kick-start work on the new stadium, and a further sum of £45m 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.

http://www.telegraph.co.uk/sport/mai.../sfnliv125.xml

[alunevans]

As Radar has said to make money, not just on the pitch but from marketing (as it improves) they will need the club to be succesful so will have to invest in players. Also to get the best deal for naming rights of the new stadium the club will need to be on top or near on the pitch. I would love to know how they plan to do all this as at the moment it doesn't seem to add up but to them and the banks it does. Confusing.

It depends though doesn't it. What if they can make a risk free profit from 5th or 6th that demands little investment.

Liverpool finishing 6th every year would get us in the UEFA Cup and would ensure we still have a huge following across the world and the stadium would still be full each week.

If 5th/6th does the business on the balance sheet why would they need us to be successful. I'm pretty sure that 5th or 6th would keep the stadium full, we'd still buy shirts and stuff, and we'd still have an international fan base. The only difference would be the difference between CL money and UEFA cup money. What difference is that?

[alunevans]

Yep. They're in control now so anyone they negotiate a sale with, DIC or other, they hold all the cards and can demand a price based on future income.

Whether their intetion is to stay on at the club or sell they've done what anyone with a bit of common sense would do.

that crossed my mind too. who negotiates from a position of desperation. hopefully this isn't over yet.

[Alpha]

Liverpool owners close in on debt deal

By Ian Herbert
Friday, 25 January 2008

Liverpool were preparing for the unenviable challenge of winning back the confidence of their fans last night, as the club's American owners moved towards the completion of a £350m financing deal.

Though co-owners Tom Hicks and George Gillett are persona non grata among fans, those responsible for the day-to-day running of the club – who have had no way of preventing the refinancing going ahead – have persuaded the Americans that a large slice of the new debt they are taking on should be set against their own corporate structures rather then the club itself. This will leave the club on a firmer financial footing than it might have been, when the refinancing is completed – possibly today or next Monday

"We are acutely aware of the challenge of winning the fans' confidence," a Liverpool source said yesterday. "Nobody here is making light of that for a minute. It is now up to the owners whether they take on board those concerns."

There has been no acrimony between the club's Liverpool hierarchy and the owners over the loading of debt on to the Americans' new holding company, called Kop Investment, rather than on to the club.

"It was not what they envisaged, but they accepted the point [that the club should not take the entire debt]," said the source. But it took the intervention of chief executive Rick Parry, who in December faced the prospect of the Americans loading the entire £350m debt on to Anfield, to ensure the structure was forced through.

The loading of costs incurred in buying the club, plus the fees and interest which are understood to come to a staggering £50m alone, on to Hicks and Gillett mean that only £105m of debt, comprising £60m for the club's new stadium project and £45m for working capital to finance the purchase of players, will be Liverpool's. That is a perfectly acceptable arrangement, the club taking on costs relating to it own development rather than those generated by the Americans' leveraged buyout in February last year. The terms of the agreement are also expected to see Hicks and Gillett putting in around £40m, supported by personal guarantees and letters of credit. This debt would be paid off personally by Hicks and Gillett with the club paying the pair dividends each year.

But talking fans round will be difficult and the main issue for many is not complex refinancing but Hicks' candid – and ill advised – public admission earlier this month that he had approached Jurgen Klinsmann about the manager's position at Anfield. Many posts on the Liverpool Echo club forum yesterday urged a boycott of the club.

"Short-term pain for the long-term gain.." read one. "It may damage the performances in the short term unfortunately, but that's nothing compared to the damage that may be caused to the club in the long term if these cowboys are allowed to remain."

The refinancing deal will give the Americans renewed security at Anfield, free from the impending threat of their initial repayment period running out, and their new era at Anfield brought news yesterday of a likely £3.5m profit on Momo Sissoko, who signed for £5.5m from Valencia in 2005. Talks between Liverpool and Juventus over the player's proposed move to Italy are at an advanced stage.

"It's a matter of a few days," Sissoko told the Italian newspaper Gazzetta dello Sport. "A maximum of four days and then everything will be decided.

http://www.independent.co.uk/sport/f...al-773729.html

[Dhav]

Usual bollocks from Parry, the saviour of the club who prevented £350m worth of debt being loaded on the club's books :whatever: This doesn't change the fact that ultimately it will be the club servicing this massive loan and any surplus cash the club generates will go towards paying this off rather than investment in the team.

[Bari]

Don't rule out a u-turn remember Gerrard 2005

[Alpha]

Why, after Mihir Bose reported this afternoon that "BBC understands" the refinancing deal had gone through and was just awaiting announcement, have none of the other respectable media outlets yet to follow suit?

Are we being premature in accepting that this has already happened?
Are Hicks & Gillett giving DIC every chance to make the takeover happen before forcing through the new loan agreement?
Is there a more significant hitch than has been reported?
Or am I clutching at straws?

[Redfan63]

Things are not finish and they are changing. We cannot say what the outcome is. However, I would like to say thanks to Rashid and Tom, all insiders, for your information and effort. You all keep me with hope in the tunnel.

Have a look of what Cowtownred's writing in RAWK, may be useful to all of us:

Yesterday at 11:25:43 PM - By Cowtownred
I've never built anyone's hopes up, I've only told what I know from someone at the heart of all the plotting/discussions going on for 2 months.

I told you more than a week ago that the refinance deal was agreed. Why are you pissed at me tonight cos ''Mihir Bose'' confirms this to be the case?

At the time I was pissed off too... cos I (being no financier) was certain this put the Americans in a better position. I was told that this was not necessarily true... and I passed that info on.

I told you that my contact, the Club officials and DIC were planning a move to buy. They are. They STILL are. My contact has been in talks for the better part of a week, virtually round the clock.

I told you that No-ONE, NOT ANYBODY, can tell how these things will end up. I warned you to expect a very fractious few days. We are posting in the thread now. I have NO IDEA what the outcome of the talks will be. Either DIC or Mr Hicks will end up owning the club. If its Hicks, so be it, I will be out too. So, as I told you before, will Benitez.

But if so, it was NOT MY FAULT. Nor indeed due to any lack of effort on the part of DIC, my contact, or David Moores.

[sinbad]

One article, and the gullible sheep are on the turn.
Found this post on 6cm commenting on the BBC refinancing news:

"Some main points, hats off to Rick he seems to have influenced matters.
Some bridge building regarding Mascher, which is excellent news
Despite it being downgraded, to what extent we don't know, HKS would be the better Stadium option I think

regards

Financial stability (tick)
Backing for the Manager (tick)
Funds for Masher (tick)
Original Yanks stadium design back on (tick)
Moores/Parry protect club from excessive debt (tick)

If all this is true it sounds ****ing spot on."

[-V-]

The Herbert article sounds much better, IF we are stuck with them i hope he's right

[Guest]

Here's where we need an accountant, but most of the debt payments are at Kop Holdings Level. They need dividends from the club to do this, or in other words the club has to make a profit. That's not going to be significant until the new stadium is built, so they'll have to pay for interest payments out of their own funds (or more likely take out new loans to cover the payments).

Oh, to see the latest set of accounts!

Where's Rocket when we need him ?

I expect him to put it in layman's terms for us.

[jrd7]

Where's Rocket when we need him ?

I expect him to put it in layman's terms for us.

Really don't need an accountant for basic wool-pulling mate.

The other half is taken out by KOP holdings. What do you think will be their main source of income will be?

We get to pay for Hicks tooing and throwing on the stadium, the players we bought last summer and all of the debt we had in the first place.

If I was good enough at maths to have become an accountant, then I would tell you that, in layman's terms - They've still not paid 1p towards our club and we've got, in various guises 350 million worth of debt to pay off.

let's have a whip round.

Aren't texas 200 million in debt and defaulting on loans with Hicks blaming the fans for not spending enough, and pushing up ticket prices for remaining fans?

Think about that, the next apologist cunt who tries to brush this under the carpet. You may think that now but what about on 2010 when we've had no money for players and are looking up at Everton and Newcastle.

We sold the club to get out of this position, not make it 350 million times worse