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Barclays Capital etc

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[quote author=spider-neil link=topic=39787.msg1087366#msg1087366 date=1271162952]

the main points are

* they actually want to sell

* a condition of the loan extention is the club is sold

[/quote]

Its a sudden turn around if they do actually want to sell. I think the key point that people are missing is that RBS are forcing them to sell because they didn't manage to repay the demanded amount of 100 million.

Thats why this time around things are different. They have no choice and thats why their veto's have gone.

.... at least that is how it appears from what I have read so far.
 
[quote author=spider-neil link=topic=39787.msg1087375#msg1087375 date=1271163491]
[quote author=Squiggles link=topic=39787.msg1087367#msg1087367 date=1271163081]
Isn't football exciting these days?
[/quote]

no, that's why were so interested in the details this new developement. I doubt people would be as interested if we were top of the league with five games to play.
[/quote]

Disagree. The long-term future of the club's at stake here and I think most of us would be interested in both equally. Here's hoping we get the chance to find out soon.
 
Here's a David Maddock article that's makes you feel a bit brighter about the situation.

OK, so it's as dry as an AA social club, but the financial news coming out of Anfield this week has massive implications for the future of Liverpool.

While I'm not yet suggesting there is cause for mass celebrations just yet, anyone with the best interests of this great club at heart can at least start to believe there is now a chance that the chaos and sheer embarrassment that has become a byword for Liverpool in the past three years may be ending.

Tom Hicks and George Gillett will announce formally this week that they will sell the whole of the club. Not part, as previously planned, not 50 per cent, not only one of the selling, but every share, from both owners. Barclays Capital have been appointed to conduct the search for new owners, just to confirm how serious they are.

They will also announce that they are standing down as joint chairmen, to be replaced by Martin Broughton, a serious and respected business leader who is chairman of British Airways and former President of the Confederation of British Industry.


There will be a further statement explaining that the make-up of the boardroom at Anfield will also change, effectively taking away the control of the Americans, and allowing the club's executive officers, lead by Christian Purslow, to run the show without interference.

Finally, there is also likely to be an announcement that funds will be made available in the summer - potentially up to £50million - as Barclays Capital, one of the biggest and most respected investment banks in the world offer an interim refinancing package to stabilise the club in the period they need to find new owners.

I told you it was dry, and I know that many readers will already be finding their eyes glazing over. But let me put it more simply for you. From the end of this week, the Yanks are out.

It could take some months, perhaps even a year or more, to find new owners, but it will happen. And in the meantime, they will not be allowed to interfere in the running of the club, which will instead by directed by respected business professionals, who are at the very top of their field.

It would be natural for fans to be sceptical. I for one, won't truly believe the Americans have gone until the new owner is sitting at a table in the Anfield trophy room, introducing him or herself.

But there IS real hope for optimism. Why? Because of the credibility of the people who will be unveiled this week to lead Liverpool towards a brighter future.

Martin Broughton, Barclays Capital and Christian Purslow would not risk their reputation trying to prop up a discredited, embarrassing regime. They would only agree to come into Anfield if they can control the situation, and influence the eventual endgame.

That is why Hicks and Gillett will stand down as chairmen immediately, and the structure of the boardroom will change, to remove the farcical situation of each warring owner effectively having the right to veto the other, hence nothing gets done. From now, they can be outvoted, giving control to the new chairman and his Managing Director.

Now, Purslow will steer the ship, backed by an effective financial team of Ian Ayre and Philip Nash who have already brought in massive new revenues to the club, with Broughton overseeing the whole affair.

After paying off existing loans, funds generated from the potential Barclays' refinancing will be directed towards team rebuilding, aimed at stimulating success on the pitch to make the club more attractive to eventual buyers.

I know many of you believe it is too good be to be true, and will wonder why the Americans would hand over control of their club to someone else, but the answer is simple. They know it is the best option for them.

They have been trying to find a partner to come into Liverpool with them for the past 12 months, but their regime is so discredited no one is truly interested. Likewise, they can't sell, because basically no one believes their valuation is accurate, because of the mess they have made at Anfield. They need to raise funds because of pressure from their current bankers, but can't.

That has raised the real prospect of them losing money, if they have to sell a minority stake in the club quickly, and then clinging on to power at Anfield in an attempt to recoup their losses by holding out for exaggerated profits.

This way, the club is run properly by people with pristine reputations, and backed by a business in BarCap that has real credibility. It will allow Hicks and Gillett to eventually get out without having to conduct a fire sale, salvaging some of the profits they intended to make when they bought Liverpool (which obviously will anger many fans).

But importantly, it will allow Liverpool to progress, and be run properly without the interference that has proved so disastrous. Funding is already in place to begin the build of the new stadium, and with stability, that can finally happen, especially with a new owner on the horizon.

It won't be a quick fix, because it will take time to nurse Liverpool's reputation back to health, and to find the buyers who will take the club forward. But at this moment in time, it is by far the best option for the club after three years of mistrust and mistakes.

Purslow and his team have already illustrated that they can take Liverpool to their true level, because they have brought in sponsorship deals that have surpassed similar ones at Manchester United. Barcap and Broughton recognise that, and appreciate that the club is still, potentially, one of the biggest in the world, and without the Americans around, it can fulfill that potential.

So no dancing in the streets just yet, but at least if you are a Liverpool fan you can allow yourself the small hope that things will only get better from now on.
 
If someone offered me at the start of the season, the season we have currently had for:

Gillete/Hicks out and maybe Benitez out

i would have taken it

getting rid of these american cunts is the most important thing for our club
 
Finally, there is also likely to be an announcement that funds will be made available in the summer - potentially up to £50million - as Barclays Capital, one of the biggest and most respected investment banks in the world offer an interim refinancing package to stabilise the club in the period they need to find new owners.

that's not true, the loan is EXACTLY the same as it was before (held by RBS) including the 100m needed before further refinance can begin, the only thing that has changed is the deadline (now 9 months rather than 3).
 
[quote author=spider-neil link=topic=39787.msg1087420#msg1087420 date=1271169626]
Finally, there is also likely to be an announcement that funds will be made available in the summer - potentially up to £50million - as Barclays Capital, one of the biggest and most respected investment banks in the world offer an interim refinancing package to stabilise the club in the period they need to find new owners.

that's not true, the loan is EXACTLY the same as it was before (held by RBS) including the 100m needed before further refinance can begin, the only thing that has changed is the deadline (now 9 months rather than 3).
[/quote]

No offence Neil, but how do YOU know it's not true? 'There is also likely to be an announcement' suggests something that hasn't been made public yet.

That Maddocks article is really heartening. Just hope and pray it's all true...
 
[quote author=TheBunnyman link=topic=39787.msg1087435#msg1087435 date=1271172072]
[quote author=spider-neil link=topic=39787.msg1087420#msg1087420 date=1271169626]
Finally, there is also likely to be an announcement that funds will be made available in the summer - potentially up to £50million - as Barclays Capital, one of the biggest and most respected investment banks in the world offer an interim refinancing package to stabilise the club in the period they need to find new owners.

that's not true, the loan is EXACTLY the same as it was before (held by RBS) including the 100m needed before further refinance can begin, the only thing that has changed is the deadline (now 9 months rather than 3).
[/quote]

No offence Neil, but how do YOU know it's not true? 'There is also likely to be an announcement' suggests something that hasn't been made public yet.

That Maddocks article is really heartening. Just hope and pray it's all true...

[/quote]

I read the times article which mirrored what someone told me exactly. add to the information in the times was repeated by several newpapers with the mirror being the only one saying barclays have refinaced the loan, it isn't true, they haven't they are only on board to sell the club and nothing else.
 
[quote author=TheBunnyman link=topic=39787.msg1087435#msg1087435 date=1271172072]

That Maddocks article is really heartening. Just hope and pray it's all true...

[/quote]

Isn't it just ? Makes you feel all warm and fuzzy.
 
[quote author=Sunny link=topic=39787.msg1087415#msg1087415 date=1271169239]

Here's a David Maddock article that's makes you feel a bit brighter about the situation.

[/quote]

I don't know how much of that is true, but I'm inclined to go for the "blindly optimistic" and say all of it.

Yayyyyyyy!
 
[quote author=Sunny link=topic=39787.msg1087438#msg1087438 date=1271173253]
[quote author=TheBunnyman link=topic=39787.msg1087435#msg1087435 date=1271172072]

That Maddocks article is really heartening. Just hope and pray it's all true...

[/quote]

Isn't it just ? Makes you feel all warm and fuzzy.
[/quote]

Be careful what you wish for.............................

As much as I want to see the end of the Yanks, we have to be careful who we get sold to.
I don't see any sugar daddies on the horizon so chances are that a new set of businessmen, with a plan to line their own pockets with profits from our club, will be lining up to be the next owner.
 
I'm prepared to take the risk that any new owners simply cannot be any worse than these two fuckers. At least new owners may be able to communicate with each other.
 
I have no problems with the next owners being businessmen who want the club to make money. What I do have a problem with is owners who are incompetent and lack the funds to achieve their most basic aims.

Things could always get worse, so you're right not to be complacent Count, but I have to say I'm feeling optimistic about our club for the first time in ages.
 
if the new owner builds the stadium, removes the debt and gives a decent percentage of the stadium money to improve the team after that they can milk the club all they like. our team should be improved and maintained with turnover not a sugar daddy also it would make us attempt to develope and blood the youth rather than spending fortunes on the next big thing.

barca really the example to follow.
 
[quote author=TheBunnyman link=topic=39787.msg1087444#msg1087444 date=1271174398]
I have no problems with the next owners being businessmen who want the club to make money. What I do have a problem with is owners who are incompetent and lack the funds to achieve their most basic aims.

Things could always get worse, so you're right not to be complacent Count, but I have to say I'm feeling optimistic about our club for the first time in ages.

[/quote]

I know Bunny but I am so down at the moment about the future of our club.
Having been totally decieved by the false promises the Yanks made when they took over I really dont trust anyone now.

Fool me once shame on you, fool me twice.....................
 
[quote author=spider-neil link=topic=39787.msg1087446#msg1087446 date=1271174875]
if the new owner builds the stadium, removes the debt and gives a decent percentage of the stadium money to improve the team after that they can milk the club all they like. our team should be improved and maintained with turnover not a sugar daddy also it would make us attempt to develope and blood the youth rather than spending fortunes on the next big thing.

barca really the example to follow.
[/quote]

Barca have the second highest wage bill on the planet and exactly how much do you suspect the likes of Ibra, Henry, Keita, Hleb, Alves, Pique, Abidal, Chygrynsky et al cost them?

Well over 250 MILLION Euros.

I'm fucking sick and tired about all of the bollocks that gets spouted about these tippy-tappy bellends.

Like they're some kind of genius extra-terrestrial superclub that merges the greatest players on the planet, with a charity that feeds all the hungry children on Earth, the Baby Jesus as fucking manager and cunting GOD as chairman.

GYAC they PAY their players a fucking SHITLOAD of money and BUY loads of players for a SHITLOAD of money too.
 
[quote author=Brendan link=topic=39787.msg1087448#msg1087448 date=1271175825]
[quote author=spider-neil link=topic=39787.msg1087446#msg1087446 date=1271174875]
if the new owner builds the stadium, removes the debt and gives a decent percentage of the stadium money to improve the team after that they can milk the club all they like. our team should be improved and maintained with turnover not a sugar daddy also it would make us attempt to develope and blood the youth rather than spending fortunes on the next big thing.

barca really the example to follow.
[/quote]

Barca have the second highest wage bill on the planet and exactly how much do you suspect the likes of Ibra, Henry, Keita, Hleb, Alves, Pique, Abidal, Chygrynsky et al cost them?

Well over 250 MILLION Euros.

I'm fucking sick and tired about all of the bollocks that gets spouted about these tippy-tappy bellends.

Like they're some kind of genius extra-terrestrial superclub that merges the greatest players on the planet, with a charity that feeds all the hungry children on Earth, the Baby Jesus as fucking manager and cunting GOD as chairman.

GYAC they PAY their players a fucking SHITLOAD of money and BUY loads of players for a SHITLOAD of money too.

[/quote]

not a barca fan bren? 🙂
tippy tappy bellends is a an ace name for barca though.

they do spend a shitload on players but its all via turnover, correct? I'm asking by the way as I'm not sure. seeing as they are owned by their fans its not like they have a sugar day, and I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
 
the1cartoon.PNG
 
[quote author=kingjulian link=topic=39787.msg1087459#msg1087459 date=1271177334]
the1cartoon.PNG

[/quote]

Ha! That's exactly what we're like at the moment. Although it would only take the words 'Sheik' or 'billionaire' to get us all writing long transfer wishlists again, I suspect...
 
It is all looking quite upbeat.
It could do with happening sooner or later and a new manager in so the £50m gets spent wisely, and for the new man to assess the team, hmmm that should not tale too long then.
regards
 
[quote author=spider-neil link=topic=39787.msg1087454#msg1087454 date=1271176772]
I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
[/quote]

200,000 ? Even the Nou Camp isn't THAT big Neil.
 
Barcalys seems to think 400 mil £ is a realistic prize for the club. Lets hope the owners settles for that when they deludely think it's woth 600 mill £.

Great article that by Maddock, cheers Sunny mate for that. I needed a positive spin on things. Quick question though, is he credible?
 
[quote author=Brendan link=topic=39787.msg1087448#msg1087448 date=1271175825]
[quote author=spider-neil link=topic=39787.msg1087446#msg1087446 date=1271174875]
if the new owner builds the stadium, removes the debt and gives a decent percentage of the stadium money to improve the team after that they can milk the club all they like. our team should be improved and maintained with turnover not a sugar daddy also it would make us attempt to develope and blood the youth rather than spending fortunes on the next big thing.

barca really the example to follow.
[/quote]

Barca have the second highest wage bill on the planet and exactly how much do you suspect the likes of Ibra, Henry, Keita, Hleb, Alves, Pique, Abidal, Chygrynsky et al cost them?

Well over 250 MILLION Euros.

I'm fucking sick and tired about all of the bollocks that gets spouted about these tippy-tappy bellends.

Like they're some kind of genius extra-terrestrial superclub that merges the greatest players on the planet, with a charity that feeds all the hungry children on Earth, the Baby Jesus as fucking manager and cunting GOD as chairman.

GYAC they PAY their players a fucking SHITLOAD of money and BUY loads of players for a SHITLOAD of money too.

[/quote]
Yes but relatively to Madrid who spend even more, they're better. In a 2 horse race, that's all that counts.
 
SSN are reporting (without naming them) that 'at least 3 major bidders' have now come forward to express interst in buying the club.

Let's just pray that something happens.
 
[quote author=spider-neil link=topic=39787.msg1087454#msg1087454 date=1271176772]
[quote author=Brendan link=topic=39787.msg1087448#msg1087448 date=1271175825]
[quote author=spider-neil link=topic=39787.msg1087446#msg1087446 date=1271174875]
if the new owner builds the stadium, removes the debt and gives a decent percentage of the stadium money to improve the team after that they can milk the club all they like. our team should be improved and maintained with turnover not a sugar daddy also it would make us attempt to develope and blood the youth rather than spending fortunes on the next big thing.

barca really the example to follow.
[/quote]

Barca have the second highest wage bill on the planet and exactly how much do you suspect the likes of Ibra, Henry, Keita, Hleb, Alves, Pique, Abidal, Chygrynsky et al cost them?

Well over 250 MILLION Euros.

I'm fucking sick and tired about all of the bollocks that gets spouted about these tippy-tappy bellends.

Like they're some kind of genius extra-terrestrial superclub that merges the greatest players on the planet, with a charity that feeds all the hungry children on Earth, the Baby Jesus as fucking manager and cunting GOD as chairman.

GYAC they PAY their players a fucking SHITLOAD of money and BUY loads of players for a SHITLOAD of money too.

[/quote]

not a barca fan bren? 🙂
tippy tappy bellends is a an ace name for barca though.

they do spend a shitload on players but its all via turnover, correct? I'm asking by the way as I'm not sure. seeing as they are owned by their fans its not like they have a sugar day, and I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
[/quote]

Yes i love this name it's fantastic i may use it all the time now ;D
 
[quote author=Sunny link=topic=39787.msg1087479#msg1087479 date=1271181642]
[quote author=spider-neil link=topic=39787.msg1087454#msg1087454 date=1271176772]
I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
[/quote]

200,000 ? Even the Nou Camp isn't THAT big Neil.
[/quote]


just looked on wiki 100,000

wow
 
[quote author=spider-neil link=topic=39787.msg1087491#msg1087491 date=1271184642]
[quote author=Sunny link=topic=39787.msg1087479#msg1087479 date=1271181642]
[quote author=spider-neil link=topic=39787.msg1087454#msg1087454 date=1271176772]
I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
[/quote]

200,000 ? Even the Nou Camp isn't THAT big Neil.
[/quote]


just looked on wiki 100,000

wow


[/quote]

Ha. Did you seriously think their stadium held 200,000?
 
[quote author=TheBunnyman link=topic=39787.msg1087513#msg1087513 date=1271189431]
[quote author=spider-neil link=topic=39787.msg1087491#msg1087491 date=1271184642]
[quote author=Sunny link=topic=39787.msg1087479#msg1087479 date=1271181642]
[quote author=spider-neil link=topic=39787.msg1087454#msg1087454 date=1271176772]
I suspect 200,000 fans each week generates a lot of money, also their best players came through their youth system.
[/quote]

200,000 ? Even the Nou Camp isn't THAT big Neil.
[/quote]


just looked on wiki 100,000

wow


[/quote]

Ha. Did you seriously think their stadium held 200,000?
[/quote]

I knew it was a lot but didn't know the exact amount.
 
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