LFC - Is it all bollocks?

[Waddy]

So they are 400million in debt, the bank own the club and have appointed their own MD to sell the club. They didnt qualify for the big comp. They have had people pull out of buying the club...

They LOAN a 20m signing.
They pay Joe Cole 90k a week...
They sell mach and dont make a profit
they just spend 11m on a new player...
4m for Konchesky
Rafael pay out...
Hodgson compo?
Plus other things I have missed.

So how can this be happening if they are in the [Poor language removed] that people say they are in?

Just ****s me right off because here we are...POTLESS and they are in crazy debt and spending like theres no tomorrow. Even if they are getting the transfer money back to buy players, the MD shouldnt be allowing new players to sign when there is so much money needed to pay back. Not much of a bank manager is he.

So frustrating.

And for those who say "Dont worry they are gona do a leeds" Well they are apparently in a far worse state now than Leeds ever were! So when is it going to happen?

 

[davek]

So they are 400million in debt, the bank own the club and have appointed their own MD to sell the club. They didnt qualify for the big comp. They have had people pull out of buying the club...

They LOAN a 20m signing.
They pay Joe Cole 90k a week...
They sell mach and dont make a profit
they just spend 11m on a new player...
4m for Konchesky
Rafael pay out...
Hodgson compo?
Plus other things I have missed.

So how can this be happening if they are in the [Poor language removed] that people say they are in?

Just ****s me right off because here we are...POTLESS and they are in crazy debt and spending like theres no tomorrow. Even if they are getting the transfer money back to buy players, the MD shouldnt be allowing new players to sign when there is so much money needed to pay back. Not much of a bank manager is he.

So frustrating.

And for those who say "Dont worry they are gona do a leeds" Well they are apparently in a far worse state now than Leeds ever were! So when is it going to happen?

I'd imagine debtors allowing them to spend incoming money from transfers would be in order to protect their own interests. Liverpool in freefall isn't going to be as attractive as Liverpool pushing for CL qualification.

 

[Clint Planet]

Unlike Leeds, they're a worldwide brand these days and, whether we like it or not, carry a certain amount of cachet. As such, it's not entirely unreasonable to expect a Sheik Mansour type to want to pick them up, pay off their debts and chase the glory.

I felt a bit ill typing that but sadly it is true.

 

[Ezekiel]

i think that the important point is they will get some mad arab buying them out build a brilliant stadium and come out of it smelling of roses.

 

[kenada_blue]

The RS are a massive coca-cola like brand. No matter how ballsed up they are financially, they're not gonna fold, will get bailed out, and will plough on as usual like nothing is wrong.

That's footy.

 

[Matt Damon]

RBS are underwriting the debts.

Until RBS say enough's enough (in October - the deadline they've given THEIR appointment M Broughton) then they'll just continue to restructure their debts whilst looking for a new owner.

They have liquidity. But arguably this is decreasing and decreasing (hence their need for a new owner).

 

[Clint Planet]

Think it was in the Guardian last week that every week that LFC goes without finding a new buyer is costing the club £2.5M a week in penalty payments. Which is nice.

 

[Clint Planet]

Here you go:

Sources close to the process confirmed today that no firm offers, with the required proof of funds, have been received, and it is not thought likely that any will be delivered tomorrow. That means Liverpool's owners, Tom Hicks and George Gillett, will be hit with another £2.5m, the penalty fee they are being charged by the Royal Bank of Scotland for every week the club is not sold.
Imposed on Hicks's and Gillett's Liverpool holding company, Kop, as part of the refinancing last April of £237m in loans from RBS, the £2.5m weekly penalties will, according to sources close to the arrangement, amount to an additional £60m if the club is not sold by 6 October, when the loan expires. That would mean RBS will have racked up more than £200m in interest and fees since it loaned Hicks and Gillett £185m to buy Liverpool in February 2007.
RBS would not confirm the £2.5m or £60m figures, but did acknowledge penalty fees are part of the loan arrangement. The accumulating fees are charged to Hicks's and Gillett's holding company, and will become due for repayment by the owners if and when the club is finally sold.

Source: http://www.guardian.co.uk/football/2010/aug/12/liverpool-bids-deadline-day

 

[billycopper]

They're now supposedly going to sign Mereiles for £10.7m.

I'd expect that would give them a lineup of:

____________Reina
Johnson Carragher Agger Konchesky
___________Poulsen
___Kuyt Gerrard Mereiles Cole
___________Torres

It's not a bad side. From a critical point of view I'd be concerned that it lacks pace and width (as we do). The average age of the side would be a worry, if I was a red. Plus the fact that they've got very little cover. Who would be on the bench? Skrtel, Kyriakos, Babbel, Lucas, Jovanovic and N'Gog.

Who could they sell on if the needed to raise funds? Only really Reina, Johnson, Kuyt and Torres.

 

[davek]

They're now supposedly going to sign Mereiles for £10.7m.

I'd expect that would give them a lineup of:

____________Reina
Johnson Carragher Agger Konchesky
___________Poulsen
___Kuyt Gerrard Mereiles Cole
___________Torres

It's not a bad side. From a critical point of view I'd be concerned that it lacks pace and width (as we do). The average age of the side would be a worry, if I was a red. Plus the fact that they've got very little cover. Who would be on the bench? Skrtel, Kyriakos, Babbel, Lucas, Jovanovic and N'Gog.

Who could they sell on if the needed to raise funds? Only really Reina, Johnson, Kuyt and Torres.

I'd put the young kid, Martin Kelly, in at RB and push the liability at RB, Johnson, further upfield, and tuck Kuyt inside where he can do damage.

Overall: Agger, Gerrard, Torres, Cole have terrible injury records. You have to assume at least two will have lengthy periods out again this season....and that's not much of a bench to call on in a season when they're fighting on four fronts. They'll struggle badly to reach a CL place, imo.

 

[tsubaki]

As has been said, this is probably RBS consenting to the spending knowing that they either have the Yanks on the hook for even more money now, or that they know they will be taking control in October anyway and want the RS to be doing as well as possible (or with as hyped a squad as possible) so they get a decent price.

Also does anyone know anything about amortization of contracts? If they got a load of "new" players in and got rid of some older ones, would the value of the squad in accounting terms rise (because the new players would be on longer contracts)?

 

[chicoazul]

They are bankrolled by the devil, you should all know this by now.

 

[Rushie]

I think you all secretly support liverpool. You talk about us enough. It shouldnt be called world football it should be called 'rs' threads

 

[bluebloodinmyveins]

I think you all secretly support liverpool. You talk about us enough. It shouldnt be called world football it should be called 'rs' threads

Your sites talk about us far more than we do about you. Enjoy life at the bottom, you'll be there a while yet.

 

[Rushie]

if we finished bottom yous would still find a way to finish below us