Dubai International to make bid for Liverpool FC

[Lisburn Red]

Anyone care to summarise the last 119 pages please......

Essentially my friend from one who as read this from the day the thread started...we are fecked and condemed to mediocracy in the short to medium term unless DIC bid who although will also load us with debt (for very good business reasons) have the means to deliver on all fronts such as stadium and players irrespective of team performance and related cash flow .

[bazza76]

But we aren't sure.

Why not wait and see what happens?

Or do you all like being hysterical with your pathetic Lawrence of Arabia avatars?

For the record I have contempt for them, but it would be the case for DIC as well. I don't want non LFC supporting businessmen running our club. We're an asset to these people.

So you're complaining that the Yanks are running it as a business, so clamouring for DIC makes you hypocrite, or don't you see it?

Seriously, show me where the Yanks have ran the club poorly from a financial sense?

Or are you just going to quote me a few articles in a rag and no actual evidence?

It is all in the figures.
the article is right, if we fail to get Champions League football next season, which is looking more and more possible all the time, our financial situation will just get worse and worse.
the sooner the better we get rid of these yanks.
Yes I would gladly welcome DIC on-board, it may also be a gamble, but it is a gamble I would gladly take in our current situation.

[Revo]

I have no sympathy for the cunt - I'm just re-stating a point that he didn't want it to be like the Glazers (and G&H said it wouldn't). A condition for sale was agreement (although now we know, not in contract) that the purchase of the club wouldn't be paid for by us - we would fund the stadium with their short term help, while they improved our marketing and revenue streams.

From 1892 last year got us to £-40 million. in 12 months they're making us start all over again from £-300 with a stadium to add making it £-600 million.

This is not aimed at you, but how any apologist or wait and see'er cannot see these, the most basic facts of our sale and the condtions for it, amazes me. Maybe I should congratulate them for the "Ostrich" technique (it's actually a myth that they bury their heads in the sand but hey-ho), but I just can't let that happen to me.


It was about 2 steps forward, not 600 million backwards.

If their business plan is so great, why couldn't Moores have done this for just the stadium - which would have cost us about 200million. Moores wouldn't have gone to HKS, that's for sure.

These are the century defining moments of our club, and to give these cunts any chance at all after at least 4 different lies - ****ing fundamental, ******* lies as well, not a dog ate my homework, or, she looked older, officer.

If your Mrs (or "life-Partner") seriously tried to **** you over 4 times, would you give him/her a 5th chance? Would you bollocks

mate you are preaching to the choir. its lies after lies after lies. i have been privvy to some of the **** going on behind closed doors and i can assure you its ****ing ugly. i cannot share anything right now because i gave my word. thats a ****ing cop out you may say but if anyone knows me, my word is my word and i am giving certain parties a chance to respond to some questions that have been posed. what i will say is that they are all in this **** together, hicks gillett dic parry moores and even rafa himself and its ****ing disgusting at our expense

[CAD]

Anyone care to summarise the last 119 pages please......

G&H are assholes looking to make money which we always knew.

DIC a the third coming and many people here wank to Sheik posters. A few of us hate the DIC cunts as well.

Moores was a clueless silver spoon up the ass with no reach around and is the prime reason why we are in the situation.

John Moores was defo an Everton fan.

[Biff]

G&H are assholes looking to make money which we always knew.

DIC a the third coming and many people here wank to Sheik posters. A few of us hate the DIC cunts as well.

Moores was a clueless silver spoon up the ass with no reach around and is the prime reason why we are in the situation.

John Moores was defo an Everton fan.

Anyone fancy a pint...?

[Tatterdemalion]

I don't believe that the newspapers are reporting the treatment of the debt correctly.

A spokesman from Financial Dynamics, the City PR company which represents Hicks, said: "The holding company debt is supported by (I.e. it is collateralised by)the assets it acquired (the club is the collateral for the loan)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(Hicks and Gillett), 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."


I think this basically means that if the club has the cash to spare (before or after transfers I don't know), that cash will be used for interest payments and debt repayment, but should there be a cash shortfall at the club, the owners will have to meet the shortfall.

In this scenario, provided a decent amount of transfer spending is maintained, it doesn't mean that the club is meeting all of the debt repayments at all.

I don't have any issue with this, in fact it's kind of unavoidable. The owners used a holding company to buy the club (presumably so they don't assume unlimited liability for it), and they also used debt to buy the club. Ergo the debt sits with the holding company. As the purpose of the holding company is to hold the club (i.e. to own the shares), then naturally the holding company holds the debt. As a result, imo, the holding company is responsible for the debt in the holding company structure, but like you or I, can look to assets it holds to service that debt. You could if you wanted to sell your car to pay your mortgage, it doesn't mean that your car has been saddled with a mortgage.

I suppose they could have bought the club with cash, but I don't think that would have been a sensible financial thing to do.

[StevieG08]

mate you are preaching to the choir. its lies after lies after lies. i have been privvy to some of the **** going on behind closed doors and i can assure you its ****ing ugly. i cannot share anything right now because i gave my word. thats a ****ing cop out you may say but if anyone knows me, my word is my word and i am giving certain parties a chance to respond to some questions that have been posed. what i will say is that they are all in this **** together, hicks gillett dic parry moores and even rafa himself and its ****ing disgusting at our expense

Would you also assume that perhaps some of the senior squad members have cottoned on to what's going on or are they still oblivious to it all?

[dww]

mate you are preaching to the choir. its lies after lies after lies. i have been privvy to some of the **** going on behind closed doors and i can assure you its ****ing ugly. i cannot share anything right now because i gave my word. thats a ****ing cop out you may say but if anyone knows me, my word is my word and i am giving certain parties a chance to respond to some questions that have been posed. what i will say is that they are all in this **** together, hicks gillett dic parry moores and even rafa himself and its ****ing disgusting at our expense

Will there be a time when you will be able to give more detail?

[kurtangle01]

mate you are preaching to the choir. its lies after lies after lies. i have been privvy to some of the **** going on behind closed doors and i can assure you its ****ing ugly. i cannot share anything right now because i gave my word. thats a ****ing cop out you may say but if anyone knows me, my word is my word and i am giving certain parties a chance to respond to some questions that have been posed. what i will say is that they are all in this **** together, hicks gillett dic parry moores and even rafa himself and its ****ing disgusting at our expense

This is ****ing depressing stuff.

All I want is for this ****e to come to a head soon so that we can get back on with focusing solely on the team.

I want to go the match on a Saturday and be concerned only with the three points at stake. Not all thsi ****e!

Moores opened the door to these ****ers and, for the time being at least, we're stuck with them.

I'm certain they'll leave but I think by the time they do it might be to late for us.

A truely depressing situation we've found ourself in, eh?

[Revo]

Would you also assume that perhaps some of the senior squad members have cottoned on to what's going on or are they still oblivious to it all?

if things are to be believed and thats a big if. the players are unhappy with whats going on the pitch.

[Davex2IRL]

Here is an e-mail I got in work today, some of you might have already read it. But I will post it for those who haven't...


The goings on within Anfield at the moment are quite outstanding.

Let me be clear from the off -

D.I.C or Dubai International Capital - Remain intent on securing Liverpool.


Regardless of what Tom Hicks said on Sportsweek on Sunday morning, which for
me was at best vague, there remain serious divisions between Hicks & George
Gillett.

George Gillett did sign the new finance deal, as so to safeguard his own
'investment' (loosely used term there) - but the relationship between the
pair is at crisis point.

George Gillett's son has LEFT Anfield at his fathers request & it's
understood by those within Anfield, he will not be returning.

George Gillett was said to be 'outraged' by Hick's public comments about the
approach made for Jurgen Klinsmann & pulling his son out from Anfield was a
public show of his anger.

However with Foster leaving, big problems will arise as he was responsible
for all the communication between the American owners & Roffa'.

I understand he got on very well with Foster & he was responsible impart for
Benitez not walking out just recently. Benitez was made aware he had
Gillett seniors full support, where as Hicks, as I said in another post -
wanted him sacked.

Gillett vetoed the move & a power struggle ensued.

Gillett's refusal to back Hick's caused problems, on top of the big problem
s
that already exist due to the financing.

George Gillett is it seems quite a decent chap. From the people I have
spoken with who know him or have knowledge of him, he sounds affable,
charming & I suppose most importantly, has a genuine liking for Liverpool.


Gillett wants to remain true to his word. When he promised Mr. Moore's & the
board members, his intention was not to saddle the club with debt, he meant
it, but when he was gifted his opportunity to buy Liverpool, it fast became
obvious he wouldn't be able to do it on his own.

He's paper rich - not cash rich, so as a result he approached Tom Hicks & a

plan was put together quicker than a weeks holiday & the lack of initial
groundwork is proving severely ill-advised.

George Gillett is said to favour doing a deal with D.I.C, as he has realised
the 'Project' is going to prove impossible with the limited finances they
have.

He understands that:

Yes - they have the money to as Tom Hicks said 'Start digging' but that is
just about it. They do not have the means to pay for a further minimum
£300+ million it will take to complete the stadium.

This is something that Tom Hicks is all too well known for.

Promising the earth - delivering nothing.

Many thousands of Texas Rangers fans would testify to that.

Promising to build the worlds best this and that' - instead bleeding the
companies of every single Dollar, Dime & Cent.

He sells club assets - from the clubs land to the best players. He minimizes
wage bills & raises costs for real fans astronomically.

For any Liverpool fan who wants to see the degree of hate felt towards
this man - read this:

http://rangersorrobbers.wordpress.co...-against-hicks/


Many people are of the view that it is only a matter of time before George
Gillett makes public his intention to do business with D.I.C.

Gillett knows if he forces Hicks to sell his share of Liverpool to him, then
he can sell the whole package on to D.I.C, which in turn will stand to make
Gillett a massive profit.

He is the one individual who can realise D.I.C's dream.

Mr. David Moore's held recent meetings with Gillett, with the sole intention
of making it clear how deeply he disapproves of what's gone on at the club

in recent months & weeks.

He called on Gillett to honour the original terms of the takeover & has even
sought legal advice, even though that avenue would achieve little in real
terms.

Moore's is seriously worried his name is turning to mud in Liverpool & is
determined to win back the fans he still regards as his own. He doesn't want
to go down in Liverpool's proud history as the man that managed to help
sink Liverpool FC.

When Moore's made his feelings known to Gillett, Gillett promised he would
either live up to the original promise but if that proved impossible, he
would look to do a deal with Dubai International Capital.

My friend told me Moore's was promised Tom Hicks does not & would not have
carte blanche over what happens to Liverpool.

Only last week discussions between Tom Hicks, George Gillett & D.I.C
regarding the sale of Liverpool FC were ongoing - regardless of what Hicks
claims.

Those negotiations are said to be ongoing as we speak.

D.I.C are determined to gain hold of Liverpool, but do not want to be seen
or be perceived to be paying massively over the odds for the club. They
think that would set a dangerous precedent & send out the wrong message to
people who they deal with in the future.

But no matter how vitriolic the statements Hicks makes regarding selling,
the facts are:

He is hanging on to his piece of Liverpool by a thread.

When D.I.C make there move and come to agreement with Gillett, Hicks will
have no choice but to re-evaluate his options.

So Liverpool FC Fans.

Don't panic.

There really is a bright light at the end of this ugly tunnel & that light
in the form of D.I.C will make recent events pale into insignificance &
resign Tom Hicks to his rightful place:

The history books.

[Revo]

Will there be a time when you will be able to give more detail?

certain parties have been given a set of questions to answer. its only fair to give a week or so to respond. im not saying anything else. people please stop filling my pm box with requests.

[StevieG08]

if things are to be believed and thats a big if. the players are unhappy with whats going on the pitch.

I know you can't discuss what you know but i think it's fair to say our problems are fairly deep rooted and would make for grim reading!

[Revo]

I know you can't discuss what you know but i think it's fair to say our problems are fairly deep rooted and would make for grim reading!

lets just say this stevie,if im to believe what i was told, there is not only problems in the boardroom but there is hardly a love in, in the dresing room.

[Jayesh87]

2nd LFCSN survey....

http://www.liverpoolway.co.uk/forum/...survey-q2.html