David Moores letter to The Times

[5europeancups]

Dont say I didnt warn you

I fear I was correct and that this whole "For Sale" announcement has been a ploy to get the banks to give them a bit of breathing space

You only have to look at how Hicks is playing out the sale of his US sports teams hes just had one of them file Chapter 11. That shows hes prepared to take things absolutely to the end

We will end up in administration before we are rid of these two

Nice try to galvanise anti owner support by painting the worst case scenario in order to scare people.

Are subscriptions getting low at SOS?

Seriously though, I think that in this particular case we are talking about a wounded animal and I would suggest that the sale of Liverpool is fairly imminent. i think from a personal view both George and Tom have had enough, and are both looking for a suitable face saving way out.

That means not selling up a a loss and also making a profit.

If we look at the debt on the club and the required profit, then we can say that they are looking at getting 550m for the club.

I think they will hang around fo this.

I think someone will pay it too.

[Craig_H]

Nice try to galvanise anti owner support by painting the worst case scenario in order to scare people.

Are subscriptions getting low at SOS?

Seriously though, I think that in this particular case we are talking about a wounded animal and I would suggest that the sale of Liverpool is fairly imminent. i think from a personal view both George and Tom have had enough, and are both looking for a suitable face saving way out.

That means not selling up a a loss and also making a profit.

If we look at the debt on the club and the required profit, then we can say that they are looking at getting 550m for the club.

I think they will hang around fo this.

I think someone will pay it too.

Lecter comes across as anything but an SOS campaigner.

Whereas you come across as if you ARE tom 'the cunt' hicks.

[Leyton388]

At the minute we are screwed and it is going to get worse before it gets better. A lot of people need to take their head out of the sand. Tell you what thought is LFC did do a Leeds i and a lot of LFC fans will still be there singing YNWA on the kop be it against the Scum or someone like southampton.

[Neil Young]

Here's a bit more fuel for the fire. Dunno if it's been posted elsewhere - surprised if dww hasn't posted it since it's from The Guardian.

David Moores's money for jam concept is sticky business

• Liverpool accounts contradict former chairman's stance
• 2006 accounts show overdraft grew £12.7m

* Matt Scott
* The Guardian, Thursday 27 May 2010

David Moores was very clear yesterday in his 3,000-word letter of complaint to the Times about how Tom Hicks and George Gillett have run the club that once was his. "We would never countenance any notion of borrowing against the club to create a phoney wealth for some 'jam today' spending splurge," he said.

Digger's reading of his "immaculate" husbandry is a little different. According to Liverpool's accounts to July 2006 – Moores's last full year as chairman – the club made a £4.257m annual loss. This certainly suggests Liverpool could not afford their previous summer's spree, which amounted to Rafael Benítez making net transfer expenditure of more than £28m.

At the time the club also had to service bank loans, repaying £4.37m over the 12 months. These loans were pretty reasonably priced, with interest payable at less than 5.79%. But the way Moores's club shuffled their debts again suggests that he was dipping into the jam jar.

That year the club funded their repayment of those loans and, apparently, part of the transfer splurge through expensive overdraft debt. In July 2005 overdrafts stood at £7.47m – by the following July they had leapt £12.7m to more than £20m.

But perhaps most pertinently Digger wonders precisely how Moores, who trousered £88m from the sale of Liverpool to Hicks and Gillett, would describe the £5m loan his club drew down in October 2004. Because a note to the club's 2006 accounts is fairly explicit. "An additional loan of £5m was drawn down in October 2004. The principal purpose of the loan was to assist in funding player acquisitions."

http://www.guardian.co.uk/sport/2010...rpool-accounts

[5europeancups]

Dunno why but I am more depressed reading that article. If the interview has to be summarized, it reads "Please dont blame me guys, I was tricked into it".

Maybe he is trying to get in his defense early in case we go even deeper into the **** and there is a backlash against him.

this article is a pathetic lament to a guy who inherited too much, and couldnt cope... I am pretty sure he cared enough which is why this story is so sad but I beleive he got manipulated into selling and manipulated into who to sell to.

David Moores - Nice guy- but simple.

I dont think he cashed in or anything like thatand i thinks its wrong to blame him becuase i think he was not the maoin decision maker in this deal.

[Lecter]

Nice try to galvanise anti owner support by painting the worst case scenario in order to scare people.

Are subscriptions getting low at SOS?

Seriously though, I think that in this particular case we are talking about a wounded animal and I would suggest that the sale of Liverpool is fairly imminent. i think from a personal view both George and Tom have had enough, and are both looking for a suitable face saving way out.

That means not selling up a a loss and also making a profit.

If we look at the debt on the club and the required profit, then we can say that they are looking at getting 550m for the club.

I think they will hang around fo this.

I think someone will pay it too.

IF I am an SOS activist then you must be a PR guy in the employ of Hicks

I dont think they will sell the club at £550 million or at a profit for that matter

The Merrill Lynch prospectus of 18 months ago had a lot lower exit value for 2012 (shade over £470 million if I remember rightly)

They didnt get any takers then either

[Lecter]

Merril Lynch Prospectus 2012 Exit Plan



Note the Enterprise Value £447 million for the year 2012

[Roboklopp]

RBS and Broughton must be aware of that valuation. Surely they wouldn't have got involved without assurances G&H were willing to sell around that price.

I actually like the letter from SOS for once (apart from the SOS bit itself). It echoes my thoughts on the subject.