Reidy's Bottle Of Grecian
The Unobstructed View
reading an article from the post and it goes into the financial crisis and rs....
Their(hicks gillette) focus at present is more likely to be on the ongoing crisis in the US and global banking system which shows no sign of letting up.
Yesterday, the banking operation American investment corporation Wachovia – which allowed Hicks and Gillett to borrow the cash down payment they needed to secure a refinancing package with the Royal Bank of Scotland last February – was bought out by Citigroup.
Wachovia had been on the brink of collapse but their liabilities and assets will now pass into the hands of Citigroup, which paid $2.2bn dollars to complete the deal.
RBS itself suffered stock market losses yesterday with shares down 12.7% at close of trading as the credit crunch continued to effect some of the world's biggest financial institutions.
sooner rather than later i can see the debt being called in, why lend a club money they cant afford to pay back for a player when another client who has loads in his account can buy him outright, force the club to sell to another client to keep him sweet and ensure his couple of billion stay on you books. it shall be named the "redshit crunch"
i foresee us getting minted,
peter johnson taking over the rs,
rs still not affording a stadium,
lcc scrapping the permission to build on s.p,
the main road running past goodison being re-routed on the other side of the sp gardens giving more space for the re-development of gp with an attached oasis of calm (park gardens) for our newowner to court potential players, the first stadium in the world to have its own botanical gardens.
Their(hicks gillette) focus at present is more likely to be on the ongoing crisis in the US and global banking system which shows no sign of letting up.
Yesterday, the banking operation American investment corporation Wachovia – which allowed Hicks and Gillett to borrow the cash down payment they needed to secure a refinancing package with the Royal Bank of Scotland last February – was bought out by Citigroup.
Wachovia had been on the brink of collapse but their liabilities and assets will now pass into the hands of Citigroup, which paid $2.2bn dollars to complete the deal.
RBS itself suffered stock market losses yesterday with shares down 12.7% at close of trading as the credit crunch continued to effect some of the world's biggest financial institutions.
sooner rather than later i can see the debt being called in, why lend a club money they cant afford to pay back for a player when another client who has loads in his account can buy him outright, force the club to sell to another client to keep him sweet and ensure his couple of billion stay on you books. it shall be named the "redshit crunch"
i foresee us getting minted,
peter johnson taking over the rs,
rs still not affording a stadium,
lcc scrapping the permission to build on s.p,
the main road running past goodison being re-routed on the other side of the sp gardens giving more space for the re-development of gp with an attached oasis of calm (park gardens) for our newowner to court potential players, the first stadium in the world to have its own botanical gardens.
