Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
|
http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article7012838.ece
What are your views on this Cosmo?
|
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
|
Presumably if they had to sell thats good for the club as long as they get a better owner(s) out of it
|
monty46
Member
Registered: 27th Jan 08
Location: Northern Ireland
User status: Offline
|
Dont think there was a time limit for investors just banks are fed up with the yanks as are most people
|
Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
|
Gerrad to Spain IMO TBH JCB JVC
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
This is more interesting than that article...
http://www.spiritofshankly.com/news/Minutes-from-Christian-Purslow-and-SOS-Meeting.html
My opinion...Purslow is obviously an employee of rbs who has been put in there by them to find an investor to either lower the debt by £100m or sell the club. Its the only way he could get away with talking about the yanks like that.
I fully expect us to be sold, and have done for the last few months since Purslow said it in Nov/Dec, we've no other choice really. And hopefully when we do get sold it can mean the start of the new stadium which is what Id rather see than hugh investment on the pitch.
Also, even if players do get sold, the money goes in to a 'players account' and this cannot then be moved to spend on the loan. So although they could probably swing it to make it pay for some wages or something, they couldnt just take the full amount out and wipe it off the debt.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by monty46
Dont think there was a time limit for investors just banks are fed up with the yanks as are most people
The financing with RBS is up in June/July sort of time, so unless they can find another bank to cover the whole £240m debt, then thats the time limit on this.
I dont see a problem with us finding a buyer, as will be plenty out there, its just the yanks will play it as long as possible to find one thats best for them.
|
monty46
Member
Registered: 27th Jan 08
Location: Northern Ireland
User status: Offline
|
See what your saying Cosmo but arent they also looking at an invester to put in £100 mil for 25% share to pay of that debt?
On the SOS meeting i take it the first draft is what Christian wanted published and the second draft is what was actually said?
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
quote:
Originally posted by monty46
See what your saying Cosmo but arent they also looking at an invester to put in £100 mil for 25% share to pay of that debt?
On the SOS meeting i take it the first draft is what Christian wanted published and the second draft is what was actually said?
They havent got a set amount they want to sell, according to Purslow it could be 1% or it could be 100%, but they need at least £100m so I suppose its what offers come in. He also said though that of the 5 or 6 serious investors he is speaking to some only want a share and some want 100%. My money would be on 100% as cant see any viable investor willing to go in to business with two hated owners who have no money to then help fund the stadium.
As you read the SOS article, the first one is what SOS are saying actually happened (and Purslow signed off on the night), and the second set is what has come back from the club.
|
Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
|
Interesting stuff and defo sounds like RBS have brought him in rather than G&H. The pressure they are under is good in a way but as his unedited reply suggests, hicks and gillet will drag on choosing the 'best' investment right up until the deadline. Whatever happens, we need someone to come in and get them 2 out, they aren't willing to put anything (more) into the club and even if someone comes in and takes £100m off the debt and a 1% or 49% stake) it's not a guarantee that the stadium will be built any time soon which is what we need to be able to run as a business.
|
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
|
The interesting thing is there will come a day between now and the time the RBS loan is up that it becomes detrimental to G&H to wait, as the closer to the deadline the more desperate they will be and the less of a hand they will have to push the price up.
|
Tom
Member
Registered: 3rd Apr 02
Location: Wirral, Merseyside
User status: Offline
|
quote:
Originally posted by Cosmo
The interesting thing is there will come a day between now and the time the RBS loan is up that it becomes detrimental to G&H to wait, as the closer to the deadline the more desperate they will be and the less of a hand they will have to push the price up.
Agreed, and i'm hoping the '30 or so' other banks they have met with won't want to do business with them if they do get backed into a corner. The fact they have both just sold assets in the last 6-9 months and the increased personal wealth they have will probably give them some bargaining power though 
|
