David Moores letter to The Times

[red g]

If someone offers a price to buy the club, say for example £400m and this was accepted - do G&H take all of that £400m, with the new buyer then having to also underwrite the debt?

If so, in effect, a buyer would have to pay the price to buy the club and then also pay off the debt.

hope not?

saddle the club with debt and walk away with a fortune while not putting any money in......right laugh!!!

[Craig_H]

So £400m to buy it, another £400m plus to pay off the debt. Another £350m to build the stadium and £100m for the team.

So we need someone willing to part with over £1.25billion. And that's only if the parasites were to sell for £400m. If they only sell for £800m, the buyer would need to part with a total of £1.65billion.

Oh dear.

[Lecter]

If someone offers a price to buy the club, say for example £400m and this was accepted - do G&H take all of that £400m, with the new buyer then having to also underwrite the debt?

If so, in effect, a buyer would have to pay the price to buy the club and then also pay off the debt.

No any value would include the debt, I cant see anyone paying a large sum of money out and exclude the debt from the deal. Hicks & Gillett might like this idea but its not going to happen

The banks would get paid first then the owners (with whatever is left assuming there is any)

Then the new owners can make whatever financial arrangements they want regarding borrowing the monies they have paid for the club (assuming they want to do this)

[Craig_H]

No any value would include the debt, I cant see anyone paying a large sum of money out and exclude the debt from the deal. Hicks & Gillett might like this idea but its not going to happen

The banks would get paid first then the owners (with whatever is left assuming there is any)

Then the new owners can make whatever financial arrangements they want regarding borrowing the monies they have paid for the club (assuming they want to do this)

That'll be why Hicks is insisting on this £800m figure then.

Because £400m odd of the amount will not be going into his pocket.

If he only sells for £450m or so, he'll actually walk away with next to zero profit because that amount is pretty much what the overall debt is worth.

If they only paid £200m or so to buy the club, what has happened to make the overall debt now touching close to £450m?

Is it really over £200m worth of interest that's done it?

[Guest]

We're ****ed. Liverpool football club is dead.

[Tee]

We're ****ed. Liverpool football is dead.

Never. Yes we are seemingly ****ed, but FFS let us at least see how this sale process unfolds before arranging a funeral.

[Baracus]

We're ****ed. Liverpool football is dead.

I agree mass internet suicide is the only way out of this mess. who's 1st

[Guest]

Craig, Bender and a few others will be first.

[Guest]

Never. Yes we are seemingly ****ed, but FFS let us at least see how this sale process unfolds before arranging a funeral.

No, I won't let you. I'm calling the reaper.

[badpiggy]

I have a question!!!

is there a a possibility of a clash of cultures here? RBS as a british institute will have an understandable aversion to any idea of bankruptcy given the stigma that's attached to it in this part of the world. hicks is a cow-eating oil-drinking texan ****pig of epic proportions who thinks bankruptcy doesn't matter a **** as it's possible to almost engineer it so you come out of it pretty much ok? he'll take it tothe wire (whatever that means) and RBS just don't normally have to deal with this level of hardassed brinksmanship?

Feel free to point out how wrong i am on all levels as i'm sure my lack of understanding of business and finance is quite clear!

[Lecter]

That'll be why Hicks is insisting on this £800m figure then.

Because £400m odd of the amount will not be going into his pocket.

If he only sells for £450m or so, he'll actually walk away with next to zero profit because that amount is pretty much what the overall debt is worth.

If they only paid £200m or so to buy the club, what has happened to make the overall debt now touching close to £450m?

Is it really over £200m worth of interest that's done it?

IF the club was sold for less than the RBS debt value then the current owners would be liable for the difference

[Craig_H]

How come the debt amount has doubled since they bought the club? Just because of interest?

[Lecter]

That'll be why Hicks is insisting on this £800m figure then.

Because £400m odd of the amount will not be going into his pocket.

If he only sells for £450m or so, he'll actually walk away with next to zero profit because that amount is pretty much what the overall debt is worth.

If they only paid £200m or so to buy the club, what has happened to make the overall debt now touching close to £450m?

Is it really over £200m worth of interest that's done it?

IF the club was sold for less than the RBS debt value then the current owners would be liable for the difference

What the owners have done is paid off the RBS debt and put it on our books / holding companies books as a debt to them

Obviously they will want all debts to them cleared in addition to RBS's

I dont think they have a prayer frankly and if anything the best they will get is clearing the RBS debt (just)

I dont know the true debt value today (RBS + debt to owners / holding company etc..)

[RichC]

We're ****ed. Liverpool football club is dead.

Don't be so ****ing melodramatic!

[RichC]

How come the debt amount has doubled since they bought the club? Just because of interest?

Interest and however they've financed players being bought in I would imagine.

Let's be honest they've not dipped into their own pockets with their T-rex arms have they!