Minutes from Christian Purslow and SOS Meeting

[Skillz]

They bought the club for £174 million plus £44 million debt

Two years ago we had over £350 million of debt owed to the banks

They have paid down £130 million this summer, Gilletts share of which was loaned from a hedge fund if I remember correctly, who knows where Hicks' money came from

Yes they have an awful lot to lose if the club goes into administration and imo this might be the reason Purslow has been so candid in his interview with SOS (a warning shot across their bows to wake up get real and maybe cut their losses before they lose everything)

Hicks is extremely stubborn thats a given seeing his actions with the Rangers and its clear that the owners valuation has been prohibitive in selling the club or finding investors

IF Purslow's comments (about the £100 million needed within 6 months) were reported as accurate (and the comments themselves are true) the owners are in an extremely difficult position and I struggle to see how they can come out of this with any profit, the best they are going to do is limit their losses

Actually they had potentially 350M but 55-60M (IIRC) was for the stadium and I am not sure how much if any of that was drawn down.

Edit: JamesP has already explained this I see. Must learn to read thread before posting

[paulc]

Some clueless people on here!! SOS are far from perfect but they are doing whats right TRYING TO GET RID OF OUR OWNERS. How anybody can not applaud that is beyond me. Or would we rather let the club drift into oblivion!!!!!!!!!!!

who is going to take over? all well and good throwing the driver out but who is going to drive the train then?

[PTP]

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

We're not wools though

[Exiled_red]

I'm confused here. Are you suggesting that balancing the books is a bad thing? If you are, and are suggesting that we should be spending far more money than we are making on the basis that it should buy us success and therefore will pay for itself, I have two words for you: Leeds United.

What was being suggested is that we are selling to buy, our transfer budget is determined by how much we can raise by selling players, our transfer budget is being restricted because of the debt repayments, debts that are due to Hicks and Gillett buying the club.

No one is suggesting we should live beyond our means, just that the debts are hampering our ability to sign players, and progress at the required rate on the pitch.

[Vermilion]

What was being suggested is that we are selling to buy, our transfer budget is determined by how much we can raise by selling players, our transfer budget is being restricted because of the debt repayments, debts that are due to Hicks and Gillett buying the club.

No one is suggesting we should live beyond our means, just that the debts are hampering our ability to sign players, and progress at the required rate on the pitch.

[cream]

What was being suggested is that we are selling to buy, our transfer budget is determined by how much we can raise by selling players, our transfer budget is being restricted because of the debt repayments, debts that are due to Hicks and Gillett buying the club.

No one is suggesting we should live beyond our means, just that the debts are hampering our ability to sign players, and progress at the required rate on the pitch.

Also, G+H are cunts and disliked by everyone, and as someone stated a year or so ago, the ****ers are living in cloud cuckoo land.

[Fivex]

They are invited to form their own course of action. They are also invited to join SOS, which isn't an exclusive club, and voice their concerns and opinions. It's easy to complain, hard to do.

Not attacking you here mate really I'm not, but you've already said you're not a member of SOS. So what exactly are you doing apart from holding your stance in this thread?

[knockers]

Has there been any further murmurings from SOS or CP since these two versions of the minutes were released or has all communication between the two stopped? The papers haven't picked up on this as much as I thought they would. I though Sky would have a field day with this one.

[Exiled_red]

Has there been any further murmurings from SOS or CP since these two versions of the minutes were released or has all communication between the two stopped? The papers haven't picked up on this as much as I thought they would. I though Sky would have a field day with this one.

It'll probably take our journalists a couple of days to actually pick up on it properly, you know how efficient the press are

[Shanks]

Which way did he vote on the Iraq War?

He voted strongly against and backed a rebel backbench amendment, that the case for war with Iraq was unproven.

[Neil Young]

He voted strongly against and backed a rebel backbench amendment, that the case for war with Iraq was unproven.

Good man.

[Scratch]

It'll probably take our journalists a couple of days to actually pick up on it properly, you know how efficient the press are

Ah, just in time for Saturday kick-off then...nice bit of pre-match disruption as usual.

[knockers]

Ah, just in time for Saturday kick-off then...nice bit of pre-match disruption as usual.

That was my worry, a load of **** news story's right before a big local derby. Bad timing by SOS I think.

[Scratch]

That was my worry, a load of **** news story's right before a big local derby. Bad timing by SOS I think.

Rubbish, it's all for the good of the club. SOS are supporters through and through.

[CJ]

Rubbish, it's all for the good of the club. SOS are supporters through and through.

yep its brilliant i cant think why we didnt do it sooner and why all clubs dont do the same.

oh dear