LFC - Is it all bollocks?

[bluebloodinmyveins]

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

The fact you are here tells us how obsessed you are with us. Unless your forums are now all non English speaking?

 

[davek]

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

Yous?

 

[Rushie]

The fact you are here tells us how obsessed you are with us. Unless your forums are now all non English speaking?

Where abouts in England do you come from? What part of Liverpool (peoples club an all that)?

 

[Rushie]

The fact you are here tells us how obsessed you are with us. Unless your forums are now all non English speaking?

I seen there was so many threads about us I actually thought it was a Liverpool forum

 

[Deleted member 28206]

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)?

Isn't the RBS debt the only one they have to cover, all other debts hang off that,no?

 

[Deleted member 28206]

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

You know what - seriously, i'd like a normal kopite to join this forum, it'd bridge the gap between some morons opinions on each other, have a few nob 'ead kopite mates - and more than enough sound ones, who have a laugh.

Where are the normal kopites?

 

[chicoazul]

Hang on, are you the one signing up to a gay Everton forum?

And its us obsessed?

 

[Clint Planet]

I seen there was so many threads about us I actually thought it was a Liverpool forum

Seen?

 

[tsubaki]

Isn't the RBS debt the only one they have to cover, all other debts hang off that,no?

According to their last (2009) accounts the RBS debt is just a proportion of the total debt, albeit the majority of it - Wachovia are owed a smaller but still quite large amount, and there are sizeable debts owed by the club to its parent company (in effect, the Yanks) of £144 million, at 10% interest:

Liverpool’s debt keeps mounting. The 2009 accounts of the club’s parent company, Kop Football Holdings, show total debt soared by £51.5 million to £472.5 million in the year to July 2009.

Royal Bank of Scotland and Wachovia have been forcing Tom Hicks and George Gillett Jr to move Liverpool’s borrowings away from them and on to the Cayman Islands-listed parent company.

Last year, Liverpool reduced their bank loan from £350 million to £290 million, but only because their offshore parent company increased its loan to the club by £86.2 million to £144.4 million. That loan, on which Liverpool has to pay 10 per cent interest, is likely to have increased.

Reduced bank borrowings means the club are unlikely to go broke but because Liverpool have so much debt, Hicks and Gillett will resist cutting their asking price to the market valuation of £350 million.

http://www.timesonline.co.uk/tol/sport/football/premier_league/liverpool/article7120084.ece

 

[ToffeeDan]

You know what - seriously, i'd like a normal kopite to join this forum, it'd bridge the gap between some morons opinions on each other, have a few nob 'ead kopite mates - and more than enough sound ones, who have a laugh.

Where are the normal kopites?

That's an oxymoron Bryan.. like Military Intelligence, Microsoft Works, Customer Service, Friendly Fire, Death Benefits, Good Refereeing, FIFA Family.....

 

[Robert Jarvis]

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.

I like this, so RBS can pay the T/P back when they sell the RS.