Reds in refinancing blow (ss)

[Imy]

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)

Thats what all the hoo hah is about, the fact that they want to riddle the club with the debt and not themselves personally.

[Bob]

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)

I think it's highly likely that RBS would love to business with DIC if G&H did default (which i just can't see happening).

However RBS are evil Nazi *******s and i wouldn't explicitly trust them one little bit!

[Imy]

Better first touch than Kuyt too

[Dhav]

I think the last thing in the world RBS would want is for the club to fall in to their ownership - would be extremely bad publicity for them right, not to mention a hell of a headache?

[Imy]

I think it's highly likely that RBS would love to business with DIC if G&H did default (which i just can't see happening).

However RBS are evil Nazi *******s and i wouldn't explicitly trust them one little bit!

You are right IF G&H default, in truth this could all blow over, they get us a new stadium give a steady transfer budget to their chosen manager and everything could go back to being hunky dory.

[jonesie]

You are right IF G&H default, in truth this could all blow over, they get us a new stadium give a steady transfer budget to their chosen manager and everything could go back to being hunky dory.

Dunno mate, I think it's gone too far now. As the RTK bloke said in the Echo, once you cross the 'hardcore' element of fans, there's no way back.

[AFII]

I think the last thing in the world RBS would want is for the club to fall in to their ownership - would be extremely bad publicity for them right, not to mention a hell of a headache?

Depends on if DIC already have said to RBS that they will buy us.

[Imy]

Dunno mate, I think it's gone too far now. As the RTK bloke said in the Echo, once you cross the 'hardcore' element of fans, there's no way back.

have you got any scoops?

[jonesie]

There's far too many letters involved in all of this for me. FFS I just hope LFC sort it out, whether that be with G+H loaning from RBS or even selling to DIC, who may also loan from RBS. RP has gone AWOL and RB is under pressure, but hasn't helped himself by picking strange teams, and not including PC or RB (the Dutch one) enough. Also, players like JAR, DK and AV are woefully out of form and we rely on SG and FT too much. But IMHO we're still gonna win the UEFA Champions League.

[jonesie]

have you got any scoops?

Not pretending to know anything. Just reflecting what I saw at the game last night. Nasty atmosphere at times, and I don't think it helps the players at all.

[Jayesh87]

Trouble hits Liverpool FC's plans for huge loan
Jan 22 2008
EXCLUSIVE by Tony Barrett, Liverpool Echo

CONTROVERSIAL plans by the owners of Liverpool FC to restructure their debt have hit a problem.

City sources said today that the proposed £350m deal with the Royal Bank of Scotland could collapse, and DIC is waiting in the wings to make a move for the club should that happen.

Tom Hicks says the deal is on course, but speculation is growing about George Gillett's ability to secure the loan.

The source said: "There is no doubt that Hicks is ready to put up the money that the RBS has asked for. But the situation may not be the same with Gillett."

The situation is also clouded by the ongoing crisis in the US and Canadian stock markets.

Financial experts now believe a recession is almost inevitable.

With Hicks and Gillett having secured the initial loan to buy Liverpool against assets in American and Canada, their financial position is not as strong today as it was just 24 hours ago.

The source added: "This crash could not have come at a worse time for Hicks and Gillett, there is no question about that.

"Every bank and lending agency will be tightening its belt and RBS maybe more than most because they suffered big losses in yesterday's downturn.

"That means anyone seeking a major loan will have to prove to them that they have the necessary assets to secure it against and Gillett could have a hard time proving this is the case – and that's if he wants to prove it."

Tom Hicks recently promised to have financial restructuring – which would heap around £350m of debt onto the club – completed by the end of last week.

With that deadline now having passed, he is facing a race against time to get it done because the initial one-year loan the duo took out with the RBS to buy the club a year ago expires in a fortnight.

DIC is watching events unfold with interest and, should refinancing not take place, is ready to bid for the club.

Meanwhile, fans’ movement Reclaim The Kop is to ask supporters to boycott RBS and its products should the bank push ahead with the loan to Hicks and Gillett.

http://icliverpool.icnetwork.co.uk/0...name_page.html

[Red Chilli]

You going to post that in every thread Milky?

[Jayesh87]

these threads need to be merged

[Imy]

these threads need to be merged

If only they had made you a Mod

[Jayesh87]

If only they had made you a Mod