Tom Hicks Talks

[BrianF80]

Every consequence of the debt being on the club, is now happening anyway.

The club is paying off the debt, to its detriment. So for all intents and purposes, the debt is on the club. If the debt isnt repaid, the club will go into administration and be deduced 10 points.

They lied. Simple.

But in the court of moral indignation they are innocent

Fact is that with revenue going up, debt going down administration is a non-issue.

[Kenneth]

People just need to chill out and not get so worked about it. Ok, so we're not world beaters and we owe loads of money but surely nobody expected us to be anything else, that's not our role these days. We're the team who gets picked as a dark horse who then loses by a length or two. At least we don't get shot behind a curtain.

It's all about the journey, man, not the destination

[Guest]

Every consequence of the debt being on the club, is now happening anyway.

The club is paying off the debt, to its detriment. So for all intents and purposes, the debt is on the club. If the debt isnt repaid, the club will go into administration and be deduced 10 points.

They lied. Simple.

They probably lied but it all makes us all the more gullible for believing that a sugar daddy would erase all our troubles in the first place.

Those debts are being 'serviced' by revenues generated by the club. It's the same as a mortgage you have, being serviced by your salaries mate. Judging by the books, it seems they're doing well and bringing those debts down along the way. Seems good business logic to me.

That would be an interesting poll and I think you would be proved wrong.

Perhaps you can forget the debt situation but how about the public spat between Hicks and Parry? The owners going behind the managers back to try and lure Klinnsman in as manager? Their public feud meaning we have 2 owners who aren't speaking to each other? Our previous owner saying in the local press that the sale has been a disater and if he would have known it would have turned out this way then things would have been different?

I suppose that's just football hey?

The more they remain quiet the better it is, there's no doubt about that.

[The Birdman]

I think you've mis understood what I and others are saying.

We aren't thick we know full well they haven't got £500mil to spend on a new stadium and that debt to build this would be placed on the club. What we have a problem with is the fact that these clowns puchased our club and then placed the debt from purchasing Liverpool back on to the club when they said in their press conference this wouldn't happen. Basically they lied. We are know better off than when Moores was in charge and in fact we are much worse off.

No-one has ever said we want them to buy every player Rafa wants but we would like our manager to have a budget and not have to make a profit in a transfer window.

I know they lied, what I'm saying is that everyone got caught up in the euphoria of them buying the club and even though they won't admit thought we might get some of the backing that Abramavich has given Chelsea and we'd win everything.
The reality at the time is the same as now, whoever bought us was going to saddle the club with debt, we (the fans) were blinded by hope and the end of the Moores era which was synonymous with failure.
Are we worse off I don't know because who knows what state we would be in under Parry ans Moores still but history dosen't show them in a favourable light.
We're stuck with the yanks and I for one will give them credit for the commercial side of things.

[Neil Young]

Those debts are being 'serviced' by revenues generated by the club. It's the same as a mortgage you have, being serviced by your salaries mate.

Not all. I didn't fall for any of that crap. I expect there were others.

Those debts are being 'serviced' by revenues generated by the club. It's the same as a mortgage you have, being serviced by your salaries mate.

No it isn't. It's like paying the interest on someone else's mortgage.

The more they remain quiet the better it is, there's no doubt about that.

You have a well developed sense of irony.

[Scratch]

Basically they lied. We are know better off than when Moores was in charge and in fact we are much worse off.

No-one has ever said we want them to buy every player Rafa wants but we would like our manager to have a budget and not have to make a profit in a transfer window.

You honestly believe that we are worse off now than before? In fact, not just worse off, but much worse off?

We have a budget, but i guess the recession hit every club...us, united, arsenal...in fact, the only clubs not really affected were those bank-rolled by big-wigs, so the other clubs had to be a bit more prudent, especially with the new PL restrictions that have come in about finances, money owed to clubs, etc...read up on it, it might give you an insight to why clubs are being a bit more frugal.

[Havors]

The point isnt WHY they put the club into debt, it's about the bare faced lies they peddled.

If you're happy to be lied to, bully for you. Most people usually arent.

What lies where they?

[Daniel mote]

Sorry Fredo you're making no sense.

I don't want to spend beyond our means and I don't want us to get into financial difficulty. I do want owners I can trust and who are working in the best interests of our football club. These pair have lied their way through the past couple of years. They have ****ed the manager off and made our club a laughing stock in the press. I can't trust them and refuse to believe anything that comes out of their gobs.

totally agree

[Daniel mote]

im out, im going to bury my head up hicks arse cos thats where everyone else seems to be. Shocking the number of people happy servicing their debts!!!!!!!!!!

[Pacman]

You honestly believe that we are worse off now than before? In fact, not just worse off, but much worse off?

We have a budget, but i guess the recession hit every club...us, united, arsenal...in fact, the only clubs not really affected were those bank-rolled by big-wigs, so the other clubs had to be a bit more prudent, especially with the new PL restrictions that have come in about finances, money owed to clubs, etc...read up on it, it might give you an insight to why clubs are being a bit more frugal.

But we are saddled with nearly double the debt we had when Moores was in charge?

[Skillz]

The problem I think is that some people have almost become resigned to their tenure now. Its flagrantly obvious we can't force them out or persuade them to sell up quickly, perhaps were it not for the "global economic downturn" we may have had a chance but that's just not going to happen. I know, SOS and all that, but it isn't, as CraigH keeps repeating the only real way to hurt them is also to hurt the club, stop buying tickets and merchandise on a global level... but that isn't happening either.

It is obvious that they have done some things to improve our global merchandising, sponsorship etc, things which we had let slide massively under Moores/Parry. The problem being that the money generated is currently going to help them pay off the money they used to buy the club, rather than being used for the benefit of the team. As time goes on its not unreasonable to think that we may start to see more than we are now, eventually they'll have paid off the debt.... but in the meantime we may be losing out on our best chances in decades to actually win this league. Had Rafa been allowed a net spend of £15m over the last 12 months, rather than actually being £15m in profit, I think we'd currently be genuine favourites for the title. As it is we're just in the mix instead. I'm not sure anyone can really argue that point, though I'm sure someone will try.

Great post that

The bit highlighted is what gets me and should all supporters. If we had our normal budget and the Keane money we would be in a very strong position. We haven't got that so we have to deal with it and move on.

[Daniel mote]

Finally some sense!!!!!!!!!!

[Scratch]

But we are saddled with nearly double the debt we had when Moores was in charge?

But we are not struggling to repay it, we are blessed with players such as Torres and Mascher, the squad on the whole has improved (just look at the CL winning side) drastically, to the point where we are now looking at buying big, rather than buying plenty. The club is better run on the marketing side than it ever has been, so the fact that we have more debt is offset by the fact that we have more revenue to service it, and hopefully with some more income from improved sponsership (Thomas Cook, Carlsberg, Standard Chartered etc) we'll see things improve next summer with on the pitch spendings.

[Pacman]

But we are not struggling to repay it, we are blessed with players such as Torres and Mascher, the squad on the whole has improved (just look at the CL winning side) drastically, to the point where we are now looking at buying big, rather than buying plenty. The club is better run on the marketing side than it ever has been, so the fact that we have more debt is offset by the fact that we have more revenue to service it, and hopefully with some more income from improved sponsership (Thomas Cook, Carlsberg, Standard Chartered etc) we'll see things improve next summer with on the pitch spendings.

Of course I understand what you are saying I just find it very strange indeed that people have forgiven and forgot the stuff these pair have done and said. Does nobody remember when we had to march outside Anfield to try and save Rafa's job? It's things like this people have forgotten so easily as soon as they see a bit of good news in the papers.

Has anyone seen that document posted on RAWK? It shows that ticket prices are going up 8% next season coupled with VAT going back to the norm that is going to cripple most fans. This is all happening to service the debt on our club which these guys said wouldn't happen. We the fans are paying for this but some of you are happy about that and I find it amazing.

[kev776]

But we are not struggling to repay it, we are blessed with players such as Torres and Mascher, the squad on the whole has improved (just look at the CL winning side) drastically, to the point where we are now looking at buying big, rather than buying plenty. The club is better run on the marketing side than it ever has been, so the fact that we have more debt is offset by the fact that we have more revenue to service it, and hopefully with some more income from improved sponsership (Thomas Cook, Carlsberg, Standard Chartered etc) we'll see things improve next summer with on the pitch spendings.