David Moores letter to The Times

[Lecter]

Sorry, don't see that. The financial situation is getting worse and worse as the months go by, it has to stop somewhere. Although RBS are reluctant to put the club in to administration, they cannot allow things to as they are, otherwise the club becomes bankrupt.

Think about what you are saying

A bank would give an informal agreement to extend a loan to allow a sale - sorry that is not going to happen. ANY such extension agreement would be formal in the form of a legally binding document

Of course the financial situation has to stop somewhere but does it stop today? tomorrow? next year? in 3 years time? There is no way of knowing you can only surmise and look at the actions of the respective players

RBS have form for capitulating we heard noises last year they were considering not renewing yet they did. They wanted a £100 million paydown of the debt and granted an additional 6 months for the owners to find this but that never materialised and now they have granted a further extension (reportedly 12 months to facilitate a sale)

Provided they are getting their pound of flesh they dont care and at ever increasingly advantageous rates / terms they will be delighted

IF it all goes tits up they can then repossess the club and sell it but I genuinely fear we are a LONG way from that happening

Hicks will take this club to the end game and he will force RBS to pull the trigger its now into a game of Russian roulette, I'd like to hope Hicks will blow his brains at soon but I'm not confident

[Dalglish]

He could have done better yes. Moores is too good a man to be a great businessman. He failed but I just can't accept the general level of abuse against him mate, even if LFC is a passionate subject.

Fair enough.

The way I see it is that he was a businessman who had a stake in not only our club but also a huge shopping/pools network. To even consider a sale without a full investigation of who it was being sold to is not just the actings of a naive man, it's the actings of someone who really didnt care.

He cant play the "I'm just a daft lad who barely uses a computer card" - it just doesnt wash.

[red g]

He could have done better yes. Moores is too good a man to be a great businessman. He failed but I just can't accept the general level of abuse against him mate, even if LFC is a passionate subject.

****ing hell fredo, thats one hell of an understatement !!!

[Craig_H]

sure we could have put other stipulations in to ensure this would not have happened. you get my point

Yeah i get the point, but they wouldnt have done the deal if it was going to tie them to keeping all their promises.

[RichC]

[quote=Lecter;1607787]Think about what you are saying

A bank would give an informal agreement to extend a loan to allow a sale - sorry that is not going to happen. ANY such extension agreement would be formal in the form of a legally binding document

Of course the financial situation has to stop somewhere but does it stop today? tomorrow? next year? in 3 years time? There is no way of knowing you can only surmise and look at the actions of the respective players

RBS have form for capitulating we heard noises last year they were considering not renewing yet they did. They wanted a £100 million paydown of the debt and granted an additional 6 months for the owners to find this but that never materialised and now they have granted a further extension (reportedly 12 months to facilitate a sale

Provided they are getting their pound of flesh they dont care and at ever increasingly advantageous rates / terms they will be delighted

IF it all goes tits up they can then repossess the club and sell it but I genuinely fear we are a LONG way from that happening

Hicks will take this club to the end game and he will force RBS to pull the trigger[/quote
[B]He speaks a lot of sense here, RBS will be happy as long as the debt is being serviced within the terms of the agreement laid out.

As long as the criteria is being met it will continue unless outside influences force the issue.

[Bender]

He could have done better yes. Moores is too good a man to be a great businessman. He failed but I just can't accept the general level of abuse against him mate, even if LFC is a passionate subject.

Richard Branson is too good a man yet he is a brilliant business man ......not sure what you mean re:Moores ........ tbh you seem pretty emotional about this

[red g]

Yeah i get the point, but they wouldnt have done the deal if it was going to tie them to keeping all their promises.

exacta****ingmundo.

[Guest]

Mate if you're real you should come round mine and i'll cook you a meal, bath you and and abuse you royally before calling a taxi.

Why don't you come round mine, seeing you're clearly excited with indulging yourself into such things with me? I'll roll out the red carpet for you.

[Guest]

Richard Branson is too good a man yet he is a brilliant business man ......not sure what you mean re:Moores ........ tbh you seem pretty emotional about this

Branson is a ****.

[Dalglish]

And here's Hicks latest ****e from The Dallas Morning Yee-ha or something:

Tom Hicks said he stands to lose "a couple hundred million" dollars on the Texas Rangers and Dallas Stars, but he expects to make it up when he sells his stake in a leading English soccer team. He also said he will be glad to exit the professional sports business.

"It's never been my primary business," he said in an interview Tuesday with The Dallas Morning News. "And it's a business I no longer want to pay the price to be in."

One thing he won't miss is the publicity that comes with owning pro sports teams, he said.

"It's a brutal invasion of privacy," he said.



Hicks said Tuesday that his efforts to sell his other teams continue.

He said he expects to sell soccer team Liverpool FC in 12 to 18 months. He continued to say that the English Premier League team – one of the world's most valuable sports brands – could fetch "600 to 800" million pounds – or about $860 million to $1.15 billion at current exchange rates. Others place the value at significantly less.

Hicks and Colorado businessman George Gillett acquired the team in 2007 in a deal valued at nearly 220 million pounds, which at the time was worth about $430 million because the pound was stronger in relation to the dollar at the time.

Well done Mr Moores

[red g]

Branson is a ****.

no most of the people around branson are ****s so he doesnt have to be

[Bender]

Branson is a ****.

And what moores isn't ?

[Lecter]

Sorry, don't see that. The financial situation is getting worse and worse as the months go by, it has to stop somewhere. Although RBS are reluctant to put the club in to administration, they cannot allow things to carry on as they are, otherwise the club becomes bankrupt.

These are the latest snippets from Hicks

Hicks said Tuesday that his efforts to sell his other teams continue.
He said he expects to sell soccer team Liverpool FC in 12 to 18 months. He continued to say that the English Premier League team – one of the world's most valuable sports brands – could fetch "600 to 800" million pounds – or about $860 million to $1.15 billion at current exchange rates. Others place the value at significantly less.

The fact that Hicks is still talking about 12-18 months and still reportedly looking for £600-800 million lends me to thinking that hes not concerned about RBS pulling the plug anytime soon

[Craig_H]

It's going to reach the stage where the amount of interest the club has paid, will exceed the value of the original loan.

[Guest]

That's the american way that so many people have espoused around the world mate. It's going bust and with it all our institutions. When it was booming, no one was saying anything against it.