Dear Guest
Thank you for visiting! est189 will soon be closing its doors (do forums have doors?) please visit the following thread - (to wail & cry perhaps?)
https://www.est1892.co.uk/forums/showthread.php?p=4002484#post4002484
Thanjk you.
Paul.S
Where's this from then? Doesn't read like anyone from DIC has actually asked Hicks if he wants to sell
oops, you got in first!
Maybe he doesn't but they think Gillett may.
. Suppose you have a physicist and a sociologist standing at the side of a field, observing a set of events unfolding on the field. The physicist does [describes] it using the terminology of mass and velocity and frequency of radiation and the rest. And the sociologist does it by describing it as a rugby match.
So if DIC dont move before the loan is refinanced it's just speculation from the press as per. Should'nt be too long then before it's put to bed or proved right. Cheers for the post.
Whether Hicks is willing to sell is another matter entirely.
The Dallas-based multi-millionaire is on record saying he is not interested in selling his stake, even though there are tensions between himself and Gillett about the proposed refinancing deal.
In a recent interview Hicks said: “I just want to clear up with you that I am not selling any of my shares to anybody.
“I have no idea why anyone would think that. It was just rubbish.”
But with Sheikh Mohammed, one of the world’s richest men, now back on the scene Hicks looks likely to face some tough decisions in the days to come.
On the one hand a deal with DIC could present him with a sizeable return on his initial investment and an opportunity to walk away from the dual problems of securing the necessary loans to service their own debt, fund the new stadium and winning the fans over all over again.
But, on the other, there may be a reluctance to part with an asset which he fought so hard to acquire, one which he firmly believes can pay dividends in the long term.
Hicks insists financial restructuring could be complete within days, and if he is proven right it will make an immediate offer from DIC less likely.
The American pair have six weeks to secure a £350m loan that would refinance their original purchase of the club.
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