[ENG] Premiership 2010/2011 (22 Viewers)

[JuveJay]

As today is the day they have to pay back the £200m to RBS it is something of an issue

 

Buy on AliExpress.com

[Nicholas]

RBS have extended that time frame till the end of the month.

 

[Enron]

I'm confused. Why would Hicks and Gillet try and prevent the sale from going through considering the deadline from the bank? They may think the offer is too low, but is that not better than the peanuts they would receive if RBS called in their loans this week and Liverpool went into administration?

They're losing 170 million pounds. They wanted to have another group (Mill Financial) buy their share of the club (refinance the deal) and then they would hold onto it until a higher offer came around. That way they could make a profit.


Instead they've just decided to sue RBS, NESV for 1.6 billion pounds in damages.

 

[icemaη]

Thats 1.6 billion dollars, approx. 1 billion pounds Aaron

 

[Enron]

Thats 1.6 billion dollars, approx. 1 billion pounds Aaron

I thought it was pounds.

 

[Enron]

And we're officially the Liverpool Red Sox.

 

[GordoDeCentral]

And we're officially the Liverpool Red Sox.

grats man hopefully it is all you fans had hoped for

 

[Enron]

Just as long as we stay out of debt and can compete. That's all I care about right now.

 

[icemaη]

Congrats E... At least those two morons were replaced... Did the new owners promise funds for new players?

 

[Enron]

Congrats E... At least those two morons were replaced... Did the new owners promise funds for new players?

Yeah, but they haven't said how much or on what scale things will be done.

They want to talk with the current players, staff, and directors then they'll decide what investments will be made.

The most important issue is getting rid of the debt.

EDIT: I would expect a good bit of turnover in January.

 

[The Curr]

Do you think Woy will be kept?

 

[Red]

Maybe to a Juve fan with a victim mentality.

I'm not going to criticise those Liverpool fans.

I mock fans of other clubs when players/fans of that club have suffered injury or death.

Mostly, it's just to wind them up, rather than me taking pleasure from the suffering of others.

They're losing 170 million pounds. They wanted to have another group (Mill Financial) buy their share of the club (refinance the deal) and then they would hold onto it until a higher offer came around. That way they could make a profit.


Instead they've just decided to sue RBS, NESV for 1.6 billion pounds in damages.

Meh.

Even if they win, they'll only get a small fraction of that figure.

 

[Bozi]

And we're officially the Liverpool Red Sox.

waitt a minute i though you were always red socks,and shorts and shirts

 

[Enron]

Do you think Woy will be kept?

Initially, but for how long?

 

[Enron]

And they drop the damages suit.
View attachment 43208
View attachment 43209

 

[Red]

And they drop the damages suit.

Is that confirmed?

The former owners have handled things fantastically badly and accomplished nothing but making complete arses of themselves.

 

[Enron]

Is that confirmed?

The former owners have handled things fantastically badly and accomplished nothing but making complete arses of themselves.

It's been reported from their attorney.

 

[Red]

Aye, I see that now.

They've been grasping at straws for a couple of weeks and seem to have given up at last.

I'd like to know why they decided to let the Board sell Liverpool without their consent. Seems a really stupid thing for the owners to do.

 

[Enron]

Aye, I see that now.

They've been grasping at straws for a couple of weeks and seem to have given up at last.

I'd like to know why they decided to let the Board sell Liverpool without their consent. Seems a really stupid thing for the owners to do.

It was part of the agreement in the last refinancing deal with RBS. Which is why Martin Broughton was appointed as Chief Executive. Pretty much, RBS agreed to extend the loan as long as Hicks and Gilette agreed to sell the club on RBS' terms.

 

[Red]

Fair enough.

Their time in charge seems to have been one terrible decision after another.

They were unfortunate in that the financial crisis hit after they built up the debt, so their original plans would have been wrecked by the banks becoming far less willing to endlessly built up debt.