Forums Forums Enthusiast Forums A - Z Sport Liverpool FC Vs HICKS (LFC SOLD)

Why doesn't the bank wait to deadline day, take the club and sell it. Does anyone believe any potential buyers would pull out if they lost 9 points, if its that good a proposition they wouldn't.

nesv did say sometime ago that they would still buy even if we lost ponits as they know we would still stayed up..

So all this fanning about must be over 9 points, the bank still get their money, Liverpool get rid of H&G, and the new owners still get the club. Probably not that simple but you can see what I'm getting at.

all the fanny about as you put it is down to greedy Grrrs g&h willing to sell to any tom, dick, or harry. wanting as much money as they can get. not haveing the intrest of the club. like they have been with all there others..

They wouldnt lose points anyway, regardless of whether KOP Holdings goes bankrupt or not, according to the FA (who are the only people in the position to deduct points), because the club will remain fully solvent and able to pay it's players wages and other running costs without issue.

The holding company is the one facing administration, not Liverpool FC itself. So the Evertonians can settle down now and put a hold on their celebation's.

I don't really see what Hicks and Gillett hope to gain from he injunction - they don't have the money to pay the debt, RBS are clearly not going to extend the loan or allow them time to refinance (which they clearly cannot otherwise they would have done so by now), and nobody is stupid enough to pay their redicululous valuation of £600 - £800 million.

So they are going to lose the club either way, they would be better to sell to NESV now, and walk away with an ounce of self-respect, than wait a couple more days and lose the club to RBS by defaulting.

They want NESV to walk away from the deal, but NESV are prepared to wait, because they known the potential of the club. They probably only have to wait a matter of days.

I do feel sorry for H&G in some ways, because they did invest a considerable amout of money into the club and its players... but they are businessmen, both of whom have failed miserably in the past with sporting ventures such as this in a similar way (Corinthians anyone?) and have obviously not learnt their lesson. They made an investment with the hope of making wods of cash and building up an asset base that would be very lucrative, call it bad timing or simply bad direction, but they lost the gamble, the investment has gone sour, and one cannot really feel sorry for the situation they have found themselves in.

They should have had the common sense to sell up when DIC were trying to purchase the club last year, instead of continuing to fight a losing battle and ending up in this position.

You can't blame anyone for trying to get their investment back or make a profit, we all do that, and if its right what Matt says about the points, its even more unnecessary messing about by the bank. As an Everton supporter no I'm not filled with joy, carrying on like this is going to ruin the clubs in this country and thats no good for anyone.

hicks never put any of his own money into lfc it was loans in are name. gillette put his own money in..

NESV have
confirmed this morning they are prepared to wait as long as it takes to
become the next owner of the Premier League football club, after the
board agreed the sale in a meeting in London last night.

from lfc

It doesn't matter how H&G financed the original deal, its still a debt they owe and want to get the best possible return on. That's business and they can't be blamed for that, if we accept the points are safe and this is what i can't get my head around, why the urgency to sell before a certain date, if RBS can take it, the new buyers are not going anywhere, why the rush.

Not with a ball unfortunately.

If Mill repays the £200m long-term debt owed by Liverpool FC (plus penalty fees) to RBS and Wachovia, then Mill is in the driving seat.
Once the debt is repaid, RBS's power ends.
At that point, the deal with New England Sports Ventures collapses.
Liverpool would have a new owner, Mill. And Mill will do with Liverpool what it pleases."

And thats what all this rushing about has been for, trying to stop them getting their hands on Liverpool, they are pissing in the same pot as H&G.

Where has this news come from - nothing on the BBC as yet?

Besides which, any new takeover proposal, would have to be approved by the Premier League, which given the recent crap surrounding the club, I can hardly see them being inclined to hand out approval willy nilly to any PE group or similar, whose long-term goal would be to fleece the club of its assets and then sell the club in a short period, making them a good return and leaving the club in dire straights.

I still think NESV will win the battle... but the road may have many more twists and turns yet!