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    #31
    Originally posted by Red Chilli View Post
    Wouldn't we just be owned by RBS?
    If G&H default on their repayments, then RBS will effectively own us and we will end up in a Leeds Utd situation, sell players and assets to make as much money to repay the debts.

    As i mentioned earlier it could be the beginning of the end of either Hicks or the club.
    We come not to play.

    Comment

      #32
      Originally posted by Bob View Post
      Yup, if G&H are in a precarious position, DIC play hardball, and G&H REMAIN defiant then all these, "Get in" posts could haunt us.

      We'd be ****ed.. royally!
      This has to be good news, surely?

      If the refinancing goes ahead, we are ****ed.

      If it doesn't, we only might be.
      It's not good because it's rude. It's good because it looks like it's good because it's rude.

      Comment

        #33
        Originally posted by Frodo View Post
        If G&H default on their repayments, then RBS will effectively own us and we will end up in a Leeds Utd situation, sell players and assets to make as much money to repay the debts.

        As i mentioned earlier it could be the beginning of the end of either Hicks or the club.
        RBS won't let us go under.
        It's not good because it's rude. It's good because it looks like it's good because it's rude.

        Comment

          #34
          Originally posted by Alpha View Post
          This has to be good news, surely?

          If the refinancing goes ahead, we are ****ed.

          If it doesn't, we only might be.
          In that case I'd prefer the latter...

          Comment

            #35
            Originally posted by Alpha View Post
            RBS won't let us go under.
            They are a bank, all they want is their money, if no money is forthcoming they will repossess as such.
            We come not to play.

            Comment

              #36
              Originally posted by Alpha View Post
              RBS won't let us go under.
              Exactly

              Leeds panicked.

              We would be owned by RBS but they wouldn't go selling assets, that happens when you call the administrators in. We wouldn't be doing that
              Originally posted by Gordon Brown
              (1995)
              "A weak currency is the sign of a weak economy,which is the sign of a weak government"

              Comment

                #37
                Just read that finance experts expects a "bloodbath" when the US stock excanges opens today.
                Probably wont help G&H...

                Comment

                  #38
                  Originally posted by Red Chilli View Post
                  Wouldn't we just be owned by RBS?
                  Well no, G&H could simply settle for a refinancing deal at the last minute saddling our club with crippling interest repayments thus impacting our transfer budget more negatively than ever and we could be further than ever away from a Stadium.

                  Worse case scenario would be RBS owning the club and stripping it down further before selling it on to anyone (not necessarily DIC - who are certainly not guaranteed to be interested). Remember other than DIC we don't seem to have any other potential buyers in the side-wings.

                  Sorry to be a harbinger of doom, but this isn't far from reality!
                  ...
                  Don't take life too seriously or you'll never get out alive.

                  Comment

                    #39
                    The new stadium is turning in to a white elephant.
                    We come not to play.

                    Comment

                      #40
                      Originally posted by Bob View Post
                      Well no, G&H could simply settle for a refinancing deal at the last minute saddling our club with crippling interest repayments thus impacting our transfer budget more negatively than ever and we could be further than ever away from a Stadium.

                      Worse case scenario would be RBS owning the club and stripping it down further before selling it on to anyone (not necessarily DIC - who are certainly not guaranteed to be interested). Remember other than DIC we don't seem to have any other potential buyers in the side-wings.

                      Sorry to be a harbinger of doom, but this isn't far from reality!
                      Well, I think it is
                      Originally posted by Gordon Brown
                      (1995)
                      "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                      Comment

                        #41
                        Originally posted by Red Chilli View Post
                        Exactly

                        Leeds panicked.

                        We would be owned by RBS but they wouldn't go selling assets, that happens when you call the administrators in. We wouldn't be doing that
                        Yeah it won't be as bad as Leeds, they had crippling debt, and we are much more stable.

                        However we depend on CL money as well as they did. Imagine RBS owning us, and we finished 5th. Rafa would effectively have 0m to spend and may have to recoup some money for that season.

                        It would be dark days indeed - i don't want to think about it too much to be honest.

                        IMO this is the absolute worst-case, i can see G&H securing a refinancing deal, they're probably just sorting out a deal that best suits them at the moment as there is still a few weeks.
                        ...
                        Don't take life too seriously or you'll never get out alive.

                        Comment

                          #42
                          Originally posted by Frodo View Post
                          The new stadium is turning in to a white elephant.
                          That must be worth a few bob, maybe we can stick him up front, more pace than Kuyt
                          Originally posted by Gordon Brown
                          (1995)
                          "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                          Comment

                            #43
                            Originally posted by Frodo View Post
                            They are a bank, all they want is their money, if no money is forthcoming they will repossess as such.
                            They will indeed repossess (assuming the security of the original loan is on the club itself... if it isn't then it's down to G&H to sort it out and\or let RBS take possession in lieu of repayment) but I seriously doubt they'd break the club up and sell it off.

                            Trust me, RBS are really big on their outward reputation and I doubt they'd want this on their hands especially if a ready and willing buyer like DIC is there (and it's not the first time RBS and DIC have done this kind of business together)

                            Comment

                              #44
                              Originally posted by Red Chilli View Post
                              That must be worth a few bob, maybe we can stick him up front, more pace than Kuyt


                              Would certainly have 'presence'
                              We come not to play.

                              Comment

                                #45
                                Originally posted by Frodo View Post


                                Would certainly have 'presence'
                                Better first touch than Kuyt too
                                Originally posted by Gordon Brown
                                (1995)
                                "A weak currency is the sign of a weak economy,which is the sign of a weak government"

                                Comment

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