Minutes from Christian Purslow and SOS Meeting

[peekay]

Moving away from the who backs SOS and who deosn't issue, it seems that this £100m investment is crucial to the future of the club, there are two points that I find a little confusing

1) It seems that without this £100m, we're in real trouble as it seems the banks won't refinance the loans, is this definate? as such what will happen will the club be forced in to administration or will the bank force a sale? (or both?)
2) Hicks has recently sold the Texas Rangers and Gillett the Montreal Canadiens, if they value the club at such a high price, which they seem unable to sell for at present, why don't they invest an additional £50m each to protect their investment?

Regarding the sale, they are both knee deep in debts. Even though Gillett sold the Montreal Canadians, quite a bit chunk of it went towards paying his debts.

As for Hicks, the sale has not happened yet. Some of the creditors here have challenged the sale. I did not understand the exact details but from what I read, it looks like under the current terms, the minority debtors would be screwed. So they are trying to prevent the sale from happening or continue negotiations with the Hicks Sports Group.

As of now, I dont think both of them have a penny to spare. If they have to invest 50 million, they need to take out a loan.

[Exiled_red]

Regarding the sale, they are both knee deep in debts. Even though Gillett sold the Montreal Canadians, quite a bit chunk of it went towards paying his debts.

As for Hicks, the sale has not happened yet. Some of the creditors here have challenged the sale. I did not understand the exact details but from what I read, it looks like under the current terms, the minority debtors would be screwed. So they are trying to prevent the sale from happening or continue negotiations with the Hicks Sports Group.

As of now, I dont think both of them have a penny to spare. If they have to invest 50 million, they need to take out a loan.

Interesting thanks.

For some reason I assumed that they would have had some cash from these sales, it just shows how bad business men they are. And makes us wonder all the more what Moores and Parry were thinking

[Big-Red-Ed]

[QUOTE=JohnDoe;1519746]I find the negativity towards SOS in this thread as outright embarrassing and short sighted. People are missing the big picture here. Purslow has clearly meant to let his harsh words go out to the media without admitting that he's said them. He answers to RBS, not G&H and doesn't fear being sacked. He would never have said those things if there was a risk of it happening, on or off the record.

I agree. At least they are trying to do something to force a change in ownership instead of whingeing on an internet forum.

[barnes10]

Interesting thanks.

For some reason I assumed that they would have had some cash from these sales, it just shows how bad business men they are. And makes us wonder all the more what Moores and Parry were thinking

moores and parry thinking? got to be effing kidding me.

[redstaralex]

Every fan has a right to know what G+H are doing to this club.

in the real world, no we don't, we have all been reduced to customers and we can choose with where we spend our money

I am still loyal to what has become the LFC brand but I have accepted that the only choice I have in the running of the club is whether to spend my money going to the game / buying tat etc. or not

[Mattshark]

I agree. At least they are trying to do something to force a change in ownership instead of whingeing on an internet forum.

And by doing it all wrong and acting like idiots they are simply exacerbating the problems, that is not helping, that is making far worse and their stupidity is worse for the club again and an embarrassment for the rest of us.

They are pompous, self righteous fools.

[JohnDoe]

And by doing it all wrong and acting like idiots they are simply exacerbating the problems, that is not helping, that is making far worse and their stupidity is worse for the club again and an embarrassment for the rest of us.

They are pompous, self righteous fools.

What damage have they done, I'd like to know.

[Mattshark]

What damage have they done, I'd like to know.

To the clubs reputation? a **** load.
Not just with this idiocy.

[The Birdman]

What damage have they done, I'd like to know.

In my opinion they have heaped further embarrassment on us with the demonstrations and the 'leaking' of these minutes, we are a big enough laughing stock at the minute because of H&G, having a so called 'supporters group' that pertains to speak for the masses adding to that doesn't help, again in my opinion.
I'm all for them doing something, all for them getting access to Purslow and others, personally I'd like to see them be more mature and responsible with how they portray themselves in these meetings and what form the information released takes.
Also just my opinion JohnDoe but I would say you are an SoS member.

[The Birdman]

To the clubs reputation? a **** load.
Not just with this idiocy.

We're the self proclaimed 'best supporters in the world' and they are behaving like a militant activist group

[JohnDoe]

To the clubs reputation? a **** load.
Not just with this idiocy.

The club's reputation was tarnished when two greedy cunts took over it, loaded it with debt and crippled it. It was tarnished when two greedy cunts undermined the manager's position in the middle of the season and offered the job to someone else with barely any experience.

Getting rid of G&H and doing whatever necessary to apply more pressure on them is more important than keeping whatever the Yanks are doing to the club away from the public eye. In fact, it's a disgrace that some would rather keep it "The Liverpool Way" and not try to educate as many people as possible about what those two greedy cunts have done to this club. We need that dirty linen out and seen by all to make those two greedy cunts' position in the club untenable.

[JohnDoe]

In my opinion they have heaped further embarrassment on us with the demonstrations and the 'leaking' of these minutes, we are a big enough laughing stock at the minute because of H&G, having a so called 'supporters group' that pertains to speak for the masses adding to that doesn't help, again in my opinion.
I'm all for them doing something, all for them getting access to Purslow and others, personally I'd like to see them be more mature and responsible with how they portray themselves in these meetings and what form the information released takes.

This club is on the brink of being put under and we care about what some misinformed people might think about us? Like **** I care about that.

Also just my opinion JohnDoe but I would say you are an SoS member.

Nope.

[Mattshark]

The club's reputation was tarnished when two greedy cunts took over it, loaded it with debt and crippled it. It was tarnished when two greedy cunts undermined the manager's position in the middle of the season and offered the job to someone else with barely any experience.

Getting rid of G&H and doing whatever necessary to apply more pressure on them is more important than keeping whatever the Yanks are doing to the club away from the public eye. In fact, it's a disgrace that some would rather keep it "The Liverpool Way" and not try to educate as many people as possible about what those two greedy cunts have done to this club. We need that dirty linen out and seen by all to make those two greedy cunts' position in the club untenable.

That was just a tarnish for the board, SoS make the fans look like cunts by acting like cunts.

[zimbo]

The club's reputation was tarnished when two greedy cunts took over it, loaded it with debt and crippled it. It was tarnished when two greedy cunts undermined the manager's position in the middle of the season and offered the job to someone else with barely any experience.

Getting rid of G&H and doing whatever necessary to apply more pressure on them is more important than keeping whatever the Yanks are doing to the club away from the public eye. In fact, it's a disgrace that some would rather keep it "The Liverpool Way" and not try to educate as many people as possible about what those two greedy cunts have done to this club. We need that dirty linen out and seen by all to make those two greedy cunts' position in the club untenable.

Agree 100%.

[Scratch]

What damage have they done, I'd like to know.

Depends...according to the Purslow minutes, they're doing a whole lot...read his last couple of paragraphs...sounds to me like new potential investors are put off by the fact that they may face the same treatment as is currently being dished out to Gillett and Hicks.