David Moores letter to The Times

[spanky]

But can't RBS not dictate a sale at this point? If a bid comes in at a resonable price then can they not force the owners to accept?

[Craig_H]

But can't RBS not dictate a sale at this point? If a bid comes in at a resonable price then can they not force the owners to accept?

In effect, that represents RBS repossessing the club and selling it off to recoup the debt, same way a bank repossesses a house if the owner cant make the mortgage payments.

I might be wrong, but i think this would equate to administration.

[spanky]

I know it would mean a points deduction but at this stage would that be the only way out of this situation? i'm not a business mind and before these cancers took over i never had any interest.

[Craig_H]

I could live with a points deduction, but if an administrator is brought in to run the club, their first priority would be to raise funds to reduce the debt - and the easiest way they'd look to do this, is by selling Torres, Gerrard, Reina, Mascherano...basically all of the most valuable players.

And it would be the administrator who decides to accept or reject bids, not the club or the manager. Any bid which reasonably reflects the player's market value, would be accepted.

At this stage, as far as i can see, one of three things can happen.

1 - The Yanks agree a deal to sell the club and we get taken over.

2 - The yanks dont agree a sale and RBS continue to allow them to extend the deal, and continue increasing the debt.

3 - RBS refuse to keep extending the deal and repossess the club. Which, unless i'm mistaken, equals administration.

[Darth Marty]

Is it?

Like I said, it's easy to criticise if you never have to make a decision.

I hate judgemental tosspots.

Craig H - Judgemental Tosspot


It's a staggering comparison to try and make

__________________
May the Lord bless this post.

[spanky]

just depressing its only in another thread talking about istanbul and how much it meant to people to this complete clusterfcuk....5 years

[Tatterdemalion]

I could live with a points deduction, but if an administrator is brought in to run the club, their first priority would be to raise funds to reduce the debt - and the easiest way they'd look to do this, is by selling Torres, Gerrard, Reina, Mascherano...basically all of the most valuable players.

And it would be the administrator who decides to accept or reject bids, not the club or the manager. Any bid which reasonably reflects the player's market value, would be accepted.

At this stage, as far as i can see, one of three things can happen.

1 - The Yanks agree a deal to sell the club and we get taken over.

2 - The yanks dont agree a sale and RBS continue to allow them to extend the deal, and continue increasing the debt.

3 - RBS refuse to keep extending the deal and repossess the club. Which, unless i'm mistaken, equals administration.

You mssed one, which I think is more likely. RBS find a buyer for the club at a price which clears their debt, and then they repossess the club and flip it to the new owners as a going concern.

[Craig_H]

You mssed one, which I think is more likely. RBS find a buyer for the club at a price which clears their debt, and then they repossess the club and flip it to the new owners as a going concern.

So that still comes under the repossession thing though, which would mean administration wouldnt it?

[spanky]

million dollor question

[Craig_H]

You mean $1.2b question?

[spanky]

sorry figure of speach. What are the FA's rules on teams facing administraion? can the sceanario that Tatterdemalion outline happen without the FA getting involved?

[Craig_H]

It depends on whether repossession by RBS equals administration. Or not.

If we go into administration, we'll lose 9 points. As well as all of our top players (IMO).

[Baracus]

do you guys really worry about the in's and out's all day and night, were in the ****e hole until we are sold. If this was any other business other than football, then David Moores would not have to answer to anyone, but after 3 years he has, all it has done is made us the fan's more anxious. Those who get paid by the club, the players & management its no skin off their nose except a few fan's who work for the club and will die for the club.

[Nicey]

“To a great extent, we took Tom Hicks on trust, on George’s say-so.”

Astonishing, absolutely ****ing incredible. His ineptitude is mindblowing.

The club had already ****ed Gillett off as had Aston Villa, yet he brings in a partner and he trusts that? Amazing, just amazing.

This is beyond the ****ing pale, in business were there is considerable sums of money involved you never take peoples word as fact, you check, check again and then get somebody else to check your checks, then you think about it.

Man even a douchebag could do a goggle search on Hicks

[Nicey]

do you guys really worry about the in's and out's all day and night, were in the ****e hole until we are sold. If this was any other business other than football, then David Moores would not have to answer to anyone, but after 3 years he has, all it has done is made us the fan's more anxious. Those who get paid by the club, the players & management its no skin off their nose except a few fan's who work for the club and will die for the club.

Yep, its in our ****ing DNA, why do you think we are on sites like these, in a way its akin to shareholders of listed companies, you crave information to give you peace of mind or allow yourself to be optimistic. For a lot of people supporting LFC is a large slice of there happiness cake, what these two guys have done and Moores in his inability to cross the t's and dot the i's is bloody criminal. Leverage buy outs should be made illegal the same way the German Chancellor just made Naked Short Selling illegal