Minutes from Christian Purslow and SOS Meeting

[James P]

the ruler of dubai was interseted in buying us. He is not skint. so they borrowed money, obviously they are back on track with this mega racecourse that has just been built.

You don't give up, do you.

This article makes in very clear that the racecourse project was started before the recession hit, and that despite the fact that the money was already ring-fenced it still almost didn't get finished.

You seem blissfully unaware that we've had the most severe global recession since the Wall Street Crash, and that nobody has been immune. Just because Dubai was rich doesn't mean that it is now. Try googling 'Dubai World', which had $59bn of debts by November of last year, part of a total of $80bn of debt that it had accumulated by the state at that point. Dubai's credit rating was the sixth-worst in the world at that point, worse than Iceland's, and we all know how screwed Iceland was. The state was due to default on $9bn of debt payments when Abu Dhabi stepped in to help.

Dubai pissed money up the wall on daft projects when times were good, and now they are virtually potless. So stop banging on about how Dubai can't be skint, read the article above and this one too, and please stop posting before you make more of a fool of yourself.

[redstaralex]

Before anyone gets on the Scouse militant thing, I was born in Kirkby and my Uncle is a Labour MP.

so you're a wool, that's ok

[Shanks]

You don't give up, do you.

This article makes in very clear that the racecourse project was started before the recession hit, and that despite the fact that the money was already ring-fenced it still almost didn't get finished.

You seem blissfully unaware that we've had the most severe global recession since the Wall Street Crash, and that nobody has been immune. Just because Dubai was rich doesn't mean that it is now. Try googling 'Dubai World', which had $59bn of debts by November of last year, part of a total of $80bn of debt that it had accumulated by the state at that point. Dubai's credit rating was the sixth-worst in the world at that point, worse than Iceland's, and we all know how screwed Iceland was. The state was due to default on $9bn of debt payments when Abu Dhabi stepped in to help.

Dubai pissed money up the wall on daft projects when times were good, and now they are virtually potless. So stop banging on about how Dubai can't be skint, read the article above and this one too, and please stop posting before you make more of a fool of yourself.

Loadsa Money!! (in Abu Dhabi)

[ame="http://www.youtube.com/watch?v=lNitIB0r874"]YouTube- Dubai By Piers Morgan 5-7[/ame]

[James P]

He didn't share any confidential information that was published in SOS' minutes and wasn't on his version as far as I remember, he's just basically said that Gillett and Hicks are cunts.

But if the implication was that he was expecting SOS to publish the 'uncensored' version of the minutes, then much of the information in that would very definitely be considered confidential. Claims that RBS are planning to sell the club out from under the current owners? How sensitive can you get?

Any investor would seriously consider waiting to see what happens when RBS foreclose, because the chances are that the deal would be a lot cheaper with G&H out of the frame. Is that really in the interests of the club? Not to my mind, because the cheaper the deal, the greater the possibility that we get another bunch of chancers with a massively leveraged deal doing exactly what G&H have done.

If Purslow really meant this info to get out into the public domain because he has another agenda, why issue his own version of the minutes? Why not just let SOS issue theirs? Same result, but without him looking like a bit of a dick because his version of events is different.

None of this stacks up for me. I can't help thinking that SOS have embellished their version somewhat, and that the truth of what was said lies a lot closer to Purslow's version than SOS's version.

[Shanks]

Any investor would seriously consider waiting to see what happens when RBS foreclose, because the chances are that the deal would be a lot cheaper with G&H out of the frame. Is that really in the interests of the club? Not to my mind, because the cheaper the deal, the greater the possibility that we get another bunch of chancers with a massively leveraged deal doing exactly what G&H have done.

by that, are you saying that you think this club would be dragged further into the mere,
by some "Portsmouth style money laundering" ?

[Leyton388]

so you're a wool, that's ok

So our Captain is a wool then lad as he was born in huyton and the last time i checked that was under knowsley council.

[JohnDoe]

But if the implication was that he was expecting SOS to publish the 'uncensored' version of the minutes, then much of the information in that would very definitely be considered confidential. Claims that RBS are planning to sell the club out from under the current owners? How sensitive can you get?

If RBS want to get rid of the Yanks, what Purslow is doing makes sense from their perspective. Anything that weakens G&H in negotiations is a positive thing, Purslow has said that their valuation is unrealistic too, so I'm not surprised if they're trying to put pressure on them to lower it.

Any investor would seriously consider waiting to see what happens when RBS foreclose, because the chances are that the deal would be a lot cheaper with G&H out of the frame. Is that really in the interests of the club? Not to my mind, because the cheaper the deal, the greater the possibility that we get another bunch of chancers with a massively leveraged deal doing exactly what G&H have done.

I'm not sure about that. I'd like to think Purslow, unlike Parry, is going to do his homework and study any investor carefully.

If Purslow really meant this info to get out into the public domain because he has another agenda, why issue his own version of the minutes? Why not just let SOS issue theirs? Same result, but without him looking like a bit of a dick because his version of events is different.

He needs his own version for PR and he can't associate himself with some of the things he's said at the meeting. He needs to be able to deny it.

None of this stacks up for me. I can't help thinking that SOS have embellished their version somewhat, and that the truth of what was said lies a lot closer to Purslow's version than SOS's version.

That's a matter of who you trust, I guess. I've read what some SOS members had to say, and I can't see them lying about this. Purslow has very good reasons to lie.

[kingfunk]

Has he signed yet?

[Leyton388]

Has he signed yet?

Tick Tock!

[kingfunk]

Tick Tock!

[Daniel mote]

[QUOTE=James P;1520516]You don't give up, do you.

This article makes in very clear that the racecourse project was started before the recession hit, and that despite the fact that the money was already ring-fenced it still almost didn't get finished.

You seem blissfully unaware that we've had the most severe global recession since the Wall Street Crash, and that nobody has been immune. Just because Dubai was rich doesn't mean that it is now. Try googling 'Dubai World', which had $59bn of debts by November of last year, part of a total of $80bn of debt that it had accumulated by the state at that point. Dubai's credit rating was the sixth-worst in the world at that point, worse than Iceland's, and we all know how screwed Iceland was. The state was due to default on $9bn of debt payments when Abu Dhabi stepped in to help.

Dubai pissed money up the wall on daft projects when times were good, and now they are virtually potless. So stop banging on about how Dubai can't be skint, read the article above and this one too, and please stop posting before you make more of a fool of yourself.[/

I said the ruler himself is not skint. long live our amazing owners!!!!

[redstaralex]

So our Captain is a wool then lad as he was born in huyton and the last time i checked that was under knowsley council.

absolutely, as is Carragher, Robbie was the last Liverpool player from Liverpool

huyton, kirkby, halewood, birkenhead, all the same, close to Liverpool but not Liverpool

[Leyton388]

absolutely, as is Carragher, Robbie was the last Liverpool player from Liverpool

huyton, kirkby, halewood, birkenhead, all the same, close to Liverpool but not Liverpool

Long live the scouse Militia!

[JHP]

But if the implication was that he was expecting SOS to publish the 'uncensored' version of the minutes, then much of the information in that would very definitely be considered confidential. Claims that RBS are planning to sell the club out from under the current owners? How sensitive can you get?

Any investor would seriously consider waiting to see what happens when RBS foreclose, because the chances are that the deal would be a lot cheaper with G&H out of the frame. Is that really in the interests of the club? Not to my mind, because the cheaper the deal, the greater the possibility that we get another bunch of chancers with a massively leveraged deal doing exactly what G&H have done.

If Purslow really meant this info to get out into the public domain because he has another agenda, why issue his own version of the minutes? Why not just let SOS issue theirs? Same result, but without him looking like a bit of a dick because his version of events is different.

None of this stacks up for me. I can't help thinking that SOS have embellished their version somewhat, and that the truth of what was said lies a lot closer to Purslow's version than SOS's version.

I agree with you (maybe cos I'm also an accountant).

I can't understand why Purslow would want to tell SOS anything about the relationship with RBS that wasn't already in the public domain. If he wants it out he can do that without being associated with it. I just can't see any rationale for it.

[Armchairkopite]

Just to add my two pennies thought without contributing to the strong discussion. Living in the United States, I have been observing the sale of the Rangers. They have been in limbo for the last three years. It has been a long drawn out process. Even now it has not been finalized. Tom Hicks is not an easy negotiator. He will try to squeeze out every penny he has from the new investors. Once he has the cards, he does not let it go that easily.

Expect a lot of lies, misinformation, name dragging, false dawns. name dragged through the mud etc throughout the entire process. I think we as fans should keep up the pressure either through SOS or through whatever ways we can.

I am not a member of the SOS, so don't read this as a support to SOS. Until now, I have been neutral towards their efforts. Right now I am impressed with their latest efforts.

Grim reading.