An Epic Swindle by Brian Reade

[Vermilion]

Utd with all their debt is still worth 1.12bill and yet lfc with no debt is worth a mere 332mill ?

Odd, considering the percieved direction the game is going in, it's all change from now on imo, the Premiership is changing, and utd will not be getting it all their own way as they have for nearly 20yrs previously, add to that the fact any buyer would have to deal with Fergie eventually leaving too, so if i was valuing the clubs with that in mind, i'd have them a lot closer.

[CJ]

Utd with all their debt is still worth 1.12bill and yet lfc with no debt is worth a mere 332mill ?

Odd, considering the percieved direction the game is going in, it's all change from now on imo, the Premiership is changing, and utd will not be getting it all their own way as they have for nearly 20yrs previously, add to that the fact any buyer would have to deal with Fergie eventually leaving too, so if i was valuing the clubs with that in mind, i'd have them a lot closer.

i would think the difference in value is down to

1) bigger stadium (we need to build one) this is one reason why some buyers avoided us)

2) in champs league

3) they get in lots of cash.

[Daniel 7]

I was in Italy over the summer and there were quite a few kids with a Liverpool shirt with Torres on the back.

Bizarrely I was in Brussels a few years back and saw two kids with Diouf 9 on the back

[Lecter]

yes but it doesnt mean that a valuation is miles out or inaccurate.

i have to be honest i dont know how accurate it is.

Forbes valued it last year at $800 million or something daft

Considering what we went for I'd say they were miles out last year

Obviously the sale gives them a base price on the valuation and I probably think they arent too far off this time

[CJ]

Forbes valued it last year at $800 million or something daft

Considering what we went for I'd say they were miles out last year

Obviously the sale gives them a base price on the valuation and I probably think they arent too far off this time

do you agree that the lack of a larger stadium (and the cost of building one) and not currently being in the CL is the reason for the difference in valuation to some other clubs?

[RedReet]

Tom Hicks valued us at £1 Billion.

[Lecter]

Liverpool FC almost went bust under Hicks and Gillett, claims UEFA chief by Richard Buxton. Published Tue 26 Apr 2011 18:19, Last updated: 2011-04-26
A leading UEFA official has claimed that Liverpool almost went bust under Tom Hicks and George Gillett in a bid to urged against takeovers funded by leveraged buyouts.

William Gaillard, director of communications at European football's governing body, issued the warning as he was giving evidence to the culture, media and sport committee in London.

Gaillard branded Liverpool fans the "worst behaved in Europe" in 2007 following the Champions League final in Athens, just months after Hicks and Gillett completed their takeover, but spoke of his relief that the American duo's debts did not see the Anfield club fold.

He said: "The leveraged buy-outs for many clubs end in disaster - just take Liverpool where you have owners who came, contracted debt, bought out the previous owners and saddled the club with the debt.

"The club has been rescued, thank God, of the fantastic heritage of Liverpool Football Club, but it was a close call.

"There was the extraordinary situation where a club was being owned by the British and American governments.

"They suddenly found themselves being owned by two failed banks that had been taken over by Governments - RBS by the British government and Wachovia by the US government."

A senior aide to UEFA president Michel Platini, Gaillard also claims that Liverpool owner John Henry and Roma consortium figurehead Thomas di Benedetto were attracted to football ownership by UEFA's financial fair play rules, which are due to be enforced in 2014.

"'John Henry at Liverpool and Thomas di Benedetto at Roma said the main reason they were investing in European football was because of the financial fair play rules," he added.

"They make a much more predictable environment, more similar to what they are used to in American sport, a more regulated environment than the crazy situation that existed before."

[dom9]

Back to that Forbes valuation. What a load of bollocks. The club was sold for £300m. That was the value. No more. No less. Anything else is just bobbins. Not that it matters a jot what the notional value placed on anything is by a magazine.

[Exiled_red]

Liverpool FC almost went bust under Hicks and Gillett, claims UEFA chief by Richard Buxton. Published Tue 26 Apr 2011 18:19, Last updated: 2011-04-26
A leading UEFA official has claimed that Liverpool almost went bust under Tom Hicks and George Gillett in a bid to urged against takeovers funded by leveraged buyouts.

Says it all about how bad they were for the club.

[Leyton388]

We were on the crest of a wave between 2005 and 2007 and were going places. Two european cup finals in 3 years and an FA cup win. The team was going places and then that walrus freddie boswell money grabbing **** sold us down the river to line his own pockets so he could have Lionel Richie play at his birthday bash.

As much as Hicks and Gillett ruined this club David Moores will go down as the worst thing to ever happen to LFC from a business point of view of course.

He stood still and allowed LFC to be overtaken and undid in a few years what it took people decades to build.

[Roboklopp]

Makes it seem even worse now theScum are probably gonna scab more titles unopposed from us.

[BillobShaisley]

Go easy on Moores please. A bit of a dunce, but heart in the right place. I don't believe he sold us down the swanny for extra cash, he stupidly thought it would be for the best. Nothing in his previous years of ownership indicate that he had anything but 'the best for the club' in mind with, if anything, an over-zealous wish to maintain 'The Liverpool Way'.

Dipped into his own pockets enough times and was happy to relinquish elements of control in what he thought was for the best. Big difference between being an honest failure and a successful cunt imo.

[CJ]

Go easy on Moores please. A bit of a dunce, but heart in the right place. I don't believe he sold us down the swanny for extra cash, he stupidly thought it would be for the best. Nothing in his previous years of ownership indicate that he had anything but 'the best for the club' in mind with, if anything, an over-zealous wish to maintain 'The Liverpool Way'.

Dipped into his own pockets enough times and was happy to relinquish elements of control in what he thought was for the best. Big difference between being an honest failure and a successful cunt imo.

[pezzzer]

Go easy on Moores please. A bit of a dunce, but heart in the right place. I don't believe he sold us down the swanny for extra cash, he stupidly thought it would be for the best. Nothing in his previous years of ownership indicate that he had anything but 'the best for the club' in mind with, if anything, an over-zealous wish to maintain 'The Liverpool Way'.

Dipped into his own pockets enough times and was happy to relinquish elements of control in what he thought was for the best. Big difference between being an honest failure and a successful cunt imo.

i agree with waht your saying mate but he was a succesful failure as he still did very well out of the deal but sold us to completly inapropriate scumbags

[chadrtc]

Has anyone else read any of this yet? I'm four chapters in and my blood is boiling.

Moores and Parry coming across as a right pair of jokers, particularly Moores. They got suckered in hook line and sinker. Gullible old fools.