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Thank you for visiting! est189 will soon be closing its doors (do forums have doors?) please visit the following thread - (to wail & cry perhaps?)
https://www.est1892.co.uk/forums/showthread.php?p=4002484#post4002484
Thanjk you.
Paul.S
They can only dillute Hicks stake with Hicks' agreement
Hicks could just sit there and say put your £80 million in I'm doing feck all
I dont understand how DIC are going to win this from a minority holding and force Hicks to do anything. The devil is in the details I suppose and the Hicks Sports group sell off and in particular the "subject to stringent minority shareholders rights" comment coupled with the report they are transferring the debt to one of their own subsidiary companies and fiancing the stadium are important factors in how they will gain the upperhand
The worst thing is its going to mean the scenario doesnt end, this is going to be a long term project and it could be years before Hicks is gone
But if the loans are transferred to DIC controlled financial institutions, which IMO they'll probably do, to get better interest rates, wouldn't that mean that in fact the club is controlled by DIC
They can only dillute Hicks stake with Hicks' agreement
Hicks could just sit there and say put your £80 million in I'm doing feck all
I dont understand how DIC are going to win this from a minority holding and force Hicks to do anything. The devil is in the details I suppose and the Hicks Sports group sell off and in particular the "subject to stringent minority shareholders rights" comment coupled with the report they are transferring the debt to one of their own subsidiary companies and fiancing the stadium are important factors in how they will gain the upperhand
The worst thing is its going to mean the scenario doesnt end, this is going to be a long term project and it could be years before Hicks is gone
which report is that re the debt/subsidiary company Lecter? And why would they be taking over the whole debt including Hicks share?
"I watched the Champions League quarter-finals and the way they crushed Arsenal. Only the greatest and the best can play such a match.
The Future is Red!
So what some are saying is that Hicks will be the Majority Share holder on paper, but not when it comes down to running the club, controlling power etc. And that the reason for this is to do with Hicks other American Interests, & technicalities there in.
If that's possible to achieve, the contracts are going to be a complex set of documents.
I suppose if Dic wanted to be really nasty, in the event of any future impasse, they could ruin every business Hicks has. Theoretically. Although i base that on the various things iv'e heard, on how much power/wealth & contacts they have world wide.
So what some are saying is that Hicks will be the Majority Share holder on paper, but not when it comes down to running the club, controlling power etc. And that the reason for this is to do with Hicks other American Interests, & technicalities there in.
If that's possible to achieve, the contracts are going to be a complex set of documents.
Something like that. The other thing is that Hicks wants to float his sports business including LFC privately to raise capital so this would further dilute his interest in LFC I would have thought? So perhaps he wont be the senior shareholder for too long?
"I watched the Champions League quarter-finals and the way they crushed Arsenal. Only the greatest and the best can play such a match.
The Future is Red!
what warrants moores stay???...we regressed under him and he caused this entire fiasco
DIC may take great delight in booting both of them out after they shafted them for the yanks.
"I watched the Champions League quarter-finals and the way they crushed Arsenal. Only the greatest and the best can play such a match.
The Future is Red!
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