fans in buy out sensation!!

[The_weatherman]

Can't disagree with that.

Can't see G&H selling to anyone but think this alternative is work exploring rather than dismissing.

I agree, if it works then fantastic but if it doesn't then at least we tried to get our club back instead of sitting on our arses doing nothing but swallowing Hicks' ****.

[Chrono]

Can't disagree with that.

Can't see G&H selling to anyone but think this alternative is work exploring rather than dismissing.

I'm not against the idea it's just that I can think of many reasons why it wouldn't work and not many how it would. Hope I'm wrong and will have to wait and see.

[Catrin]

It's basically what G&H have done to us... instead of spending 500mm in cash you borrow it against the club.

The interest on those loans can be offset against any profits (I think, no doubt one of the accountants on here can explain) which reduces our corporation tax liability but more to the point the money can be invested usually at a higher return. eg assume the club borrowed 500mm for its takeover at 8% interest then the interest repayments would be 40mm a year. If we went to five investment banks and said "here's 100mm each, please invest on a low to medium risk basis and we are looking for 12-15% return" which more than covers the interest payments and brings in revenue to boot. This is exactly what G&H would have done (to a certain degree... basically their money is tied up in assets which probably generate more revenue than the loan costs). Once the stadium is built we can repay the principle on the loan with the cash.

Obviously it's not quite as simple as that and lots of analysis and risk assessments need to be done but that's the general gist of it.

Although the interest paid would be an allowable expense when calculating corporation tax, the investment income would also be taxable. Another factor would be risk. If you're looking for returns of 12-15% then you have to take on more risk.

[The_weatherman]

Is anyone here seriously considering buying a share? I play poker regularly with Liverpool fans and I'm going to suggest we all chipin, maybe a grand each and buy one share together. So that's one share (I think they will be positive about it). Anyone else here who is considering it seriously?

[Barnyard]

Is anyone here seriously considering buying a share? I play poker regularly with Liverpool fans and I'm going to suggest we all chipin, maybe a grand each and buy one share together. So that's one share (I think they will be positive about it). Anyone else here who is considering it seriously?

I'd love to but I don't think I could do it on my own and don't have enough Liverpool supporting mates who can chip in!

An Est group would be my only hope!

[The_weatherman]

I'd love to but I don't think I could do it on my own and don't have enough Liverpool supporting mates who can chip in!

An Est group would be my only hope!

And why not? Might even be enough interest to form two or three groups, could take geography in account and such.

[Barnyard]

And why not? Might even be enough interest to form two or three groups, could take geography in account and such.

Yeah definately. There is a thread about this elsewhere.

The worry would be how to sort out the voting...

[Tinkerbitch]

And why not? Might even be enough interest to form two or three groups, could take geography in account and such.

http://www.est1892.co.uk/forums/showthread.php?t=47038

[The_weatherman]

Yeah definately. There is a thread about this elsewhere.

The worry would be how to sort out the voting...

Those who buy could just vote on the vote - we'd do teh same not really an issue for me.

[Barnyard]

Those who buy could just vote on the vote - we'd do teh same not really an issue for me.

True...You'd need some sort of chairperson to collect votes etc and perform the count.

Or if you were local you could all meet in the pub!

[The_weatherman]

True...You'd need some sort of chairperson to collect votes etc and perform the count.

Or if you were local you could all meet in the pub!

Not really much of a problem - besides there will hardly be many voting occasions the board and chairman will run the club. With the new TV deal and no interest to pay I think this is a very good idea. Plus the publicity and uniqueness might get us a good sponsor on the stadium.

[Lucky]

The more of us that say "it won't work" then the more likely we are to fail.
The quicker we assume a defeatist attitude, the quicker we'll loose our club forever.
I don't for one minute believe most reds want to see that happen.

[Barnyard]

Not really much of a problem - besides there will hardly be many voting occasions the board and chairman will run the club. With the new TV deal and no interest to pay I think this is a very good idea. Plus the publicity and uniqueness might get us a good sponsor on the stadium.

I'm in!

[The_weatherman]

The more of us that say "it won't work" then the more likely we are to fail.
The quicker we assume a defeatist attitude, the quicker we'll loose our club forever.
I don't for one minute believe most reds want to see that happen.

I think the people who are against this are also the ones saying Hicks and Gillett are not that bad and things could be worse. I am not ready to take any chances with my club (it's mine even if I'm an OTT'er) and to let Hicks do his stuff in peace would be a massive gamble and most likely a mistake - I think his past history, charachter and actions as owner of LFC indicate that he is not fit as an owner and I can't fathom how some poster can bury their heads so deep in the sand.

[The_weatherman]

I'm in!

I'll be taking 10% of any sales