Kenny Huang leading serious bid for LFC

[Avmenon]

[quote author=localny link=topic=41235.msg1153584#msg1153584 date=1281708226]
Nothing is going to change until G and H realize they'll be lucky to get out without losing their shirt. The leverage are there and these potential buyers are too shrewd to pay over the odds, when they know administration is close... RBS will allow refinancing. Why? Because they stand to make a MINT. 200M in the past five years in Interest? are you kidding me?
[/quote]

I dont think so, at least not thistime.

There's no point in getting even a billion in interest if you can't actually collect on it.

This is pretty much the reason for all thebrinksmanship.

HnG know that they have the ability to litigate, but that's not going to actually put money in their pocket.

But they will use it as a threat.

But whilst RBS 'appear' to be holding all the cards, their ability to colect will still depend on securing a buyer who'll pay off the debt.

The bank will gain nothing if they keep playing hardball and attract no bidders, with the end result that we go into administration..That would firstly be a PR disaster for the bank, but more importantly the fire-sale that would ensue would net them at best a fraction of their monies due.

Prospective buyers know this, and if brinksmanship can save them a couple hundred million in cost, they will wait.

I think we're going to be sold for an amount that will allow both HnG and RBS tocollect a small profit, but thats it.

If they're lucky.

And if we are too.

 

[Judge Jules]

Characteristically well put. I'd add that RBS' Chief Exec said only in the last two or three weeks that his view is RBS lent too much to H and G initially anyway (before he took over). Now that they're 83% taxpayer-owned, it also wouldn't surprise me if they're under government pressure to collect. All in all I don't think they're going to want to spin this out now.

 

[Wilko7]

If true, the fact that the shit are personally liable for the penalty fees whilst the club remains unsold makes me feel immeasurably better about the situation.

 

[doctor_mac]

Turns out there actually is a board meeting today in London, so lets hope something really is happening.

 

[SaintGeorge67]

Why in london? Aren't they (besides broughton) based in liverpool?

 

[Sunny]

Barcap are in London

 

[SaintGeorge67]

Fair enough

 

[TheBunnyman]

[quote author=doctor_mac link=topic=41235.msg1153660#msg1153660 date=1281713242]
Turns out there actually is a board meeting today in London, so lets hope something really is happening.
[/quote]

*holds breath*









*changes mind*

*breathes*

 

[doctor_mac]

[quote author=SaintGeorge67 link=topic=41235.msg1153663#msg1153663 date=1281713473]
Why in london? Aren't they (besides broughton) based in liverpool?
[/quote]

Well, normally Broughton was only working 1 day a week for LFC. Thursday I think. So it would seem that they have some extra special business to sort out, and the board perhaps have to fit around Broughton's schedule.

I'm good at this speculative nonsense. I could pretend to be an Insider.All I need to do is remove the qualifiers 'I think', 'perhaps' and so on, and I could be a messiah here.

 

[doctor_mac]

Fuck off Sunny with your simple logical answer.

Still, that sounds interesting.

 

[SaintGeorge67]

You just need to bump it up with another 200 or so unnecessary words, and you'll be there.

 

[Avmenon]

Don't forget to mention 'radio silence' tho.

 

[localny]

Didn't Bamba suggest this was when the HUANG offer would be considered...

 

[doctor_mac]

Right comrades, I didn't want to pass on any information until everything is signed and sealed, but since I felt that you, my fellow reds needed some words of comfort, I've dropped in with the latest. I can't be fully specific, in fact, my sources have insisted that I may only give you this news in code, but I'm sure you'll get the message loud and clear. You must trust me, I'm just a normal, though utterly superior, more glamorous and better connected red. So here goes. The blue penguin will deliver the yellow squirrel on Sunday. I repeat Sunday. Don't PM me, or attempt unsolicited contact. You may compromise my mission. I've said too much...

Don't fret my lovelies, it is all going to plan. Toodle pip, and chocks away ginger!

 

[doctor_mac]

[quote author=localny link=topic=41235.msg1153698#msg1153698 date=1281714524]
Didn't Bamba suggest this was when the HUANG offer would be considered...
[/quote]

He did do.

 

[Y1]

[quote author=doctor_mac link=topic=41235.msg1153706#msg1153706 date=1281714688]
Right comrades, I didn't want to pass on any information until everything is signed and sealed, but since I felt that you, my fellow reds needed some words of comfort, I've dropped in with the latest. I can't be fully specific, in fact, my sources have insisted that I may only give you this news in code, but I'm sure you'll get the message loud and clear. You must trust me, I'm just a normal, though utterly superior, more glamorous and better connected red. So here goes. The blue penguin will deliver the yellow squirrel on Sunday. I repeat Sunday. Don't PM me, or attempt unsolicited contact. You may compromise my mission. I've said too much...

Don't fret my lovelies, it is all going to plan. Toodle pip, and chocks away ginger!


[/quote]

LOL coloured animals hater you!!!!

 

[Frogfish]

[quote author=doctor_mac link=topic=41235.msg1153706#msg1153706 date=1281714688]
Right comrades, I didn't want to pass on any information until everything is signed and sealed, but since I felt that you, my fellow reds needed some words of comfort, I've dropped in with the latest. I can't be fully specific, in fact, my sources have insisted that I may only give you this news in code, but I'm sure you'll get the message loud and clear. You must trust me, I'm just a normal, though utterly superior, more glamorous and better connected red. So here goes. The blue penguin will deliver the yellow squirrel on Sunday. I repeat Sunday. Don't PM me, or attempt unsolicited contact. You may compromise my mission. I've said too much...

Don't fret my lovelies, it is all going to plan. Toodle pip, and chocks away ginger!

[/quote]

:laugh:

 

[Insignificance]

[quote author=SaintGeorge67 link=topic=41235.msg1153663#msg1153663 date=1281713473]
Why in london? Aren't they (besides broughton) based in liverpool?
[/quote]

Is there anyone based in Pool at all? The yank cuntswill probably fly into London, and Broughton is there allready.

 

[Hansern]

Latest from Bamba;

See, told you it won't be over till the Fat Scouser sings. There's a board meeting this afternoon. Let's just hope that this is it...

 

[spider-Neil]

*finger crossed*

I bought some chinese today, omen?

 

[Asbo]

My Chinese takeaway is a bit dodgy, its the only place in Liverpool that serves cream of Yungboi, the chef's very strange.

 

[manwithnoname]

Cream of Sum Yung Guy, as any fule kno

 

[Hansern]

And this is from Fat Scouser from RAWK; (Their having a wank fest over there, if this takeover doesn't happen, a lot of people will jump of the nearest bridge...)

Okie Dokie. I just had some words, here's what I can say...
I was informed last night that a meeting had took place earlier in the evening, between the head honchos from the banks involved... the main people being a fella called Ian Abraham from BarCap and Stephen Hester himself....
Abraham is MD of "Risk, Liquidity, Private Equity" at BarCap.

Of course, I have no idea what actually went on behind closed doors. But our friend at RBS told me and I qoute.... "The owners are getting shafted in the morning".

I was also told all sorts of banking business that quite honestly goes above my head. But that should be public knowledge soon anyway, involving Santander and RBS's future relations with LFC. I'll find out more about that as and when I can and post what I'm told. But for now, I'm just happy to report that. But I have to make one thing clear... it was our friend that called the meeting "Pest Control," not Hester or Abraham. But, that was the nature of the discussion, and I'm not quite sure exactly what "Shafted in the morning," will turn out to mean. But let's face it, it doesn't sound to good for H&G.

And don't start dementing me with PM's. That's the little I've been told by a very reliable source and if I'm told anything more, I'll put it up immeadiately.

 

[Judge Jules]

One of two Chinese takeaways not far from us was had up some years ago for dishing up deep fried Labrador.

What I want to know is how anybody found out.

 

[spider-Neil]

[quote author=Hansern link=topic=41235.msg1153769#msg1153769 date=1281720534]
And this is from Fat Scouser from RAWK; (Their having a wank fest over there, if this takeover doesn't happen, a lot of people will jump of the nearest bridge...)

Okie Dokie. I just had some words, here's what I can say...
I was informed last night that a meeting had took place earlier in the evening, between the head honchos from the banks involved... the main people being a fella called Ian Abraham from BarCap and Stephen Hester himself....
Abraham is MD of "Risk, Liquidity, Private Equity" at BarCap.

Of course, I have no idea what actually went on behind closed doors. But our friend at RBS told me and I qoute.... "The owners are getting shafted in the morning".

I was also told all sorts of banking business that quite honestly goes above my head. But that should be public knowledge soon anyway, involving Santander and RBS's future relations with LFC. I'll find out more about that as and when I can and post what I'm told. But for now, I'm just happy to report that. But I have to make one thing clear... it was our friend that called the meeting "Pest Control," not Hester or Abraham. But, that was the nature of the discussion, and I'm not quite sure exactly what "Shafted in the morning," will turn out to mean. But let's face it, it doesn't sound to good for H&G.

And don't start dementing me with PM's. That's the little I've been told by a very reliable source and if I'm told anything more, I'll put it up immeadiately.

[/quote]


ohhh...FS is a very good source. like ES he gets very little wrong.

 

[manwithnoname]

Dog meat? Seriously?

As a substitute for what? Beef?

It would have been obvious it wasn't beef

 

[Asbo]

[quote author=Brendan link=topic=41235.msg1153768#msg1153768 date=1281720386]
Cream of Sum Yung Guy, as any fule kno
[/quote]

Copywrite though! I don't want the Myres family coming after me, I went to school with his uncle and knew his mum too.

 

[Insignificance]

[quote author=Judge Jules link=topic=41235.msg1153770#msg1153770 date=1281720665]
One of two Chinese takeaways not far from us was had up some years ago for dishing up deep fried Labrador.

What I want to know is how anybody found out.
[/quote]

Haha. Idiots. It is obvious to everyone that Labrador tastes best when it is baked in the oven... Deep fried Labrador?? Haha

 

[doctor_mac]

OK lads, please no more PMs. I have talked to the mods and they say that people who have PMed me will get banned and that's not what I'm about at all. Anyway, I've passed on your names. Talking of PMs I was talking to David Cameron the other day, keep this to yourselves mind, and I said, David, it isn't about you, it's about the people. It is all about the lovely people. That is what I'm about and that's why I keep coming back.

Anyway- remember no news is good news (I shouldn't have said that so shhhhhh)

 

[Delinquent]

[quote author=Brendan link=topic=41235.msg1153772#msg1153772 date=1281720815]
Dog meat? Seriously?

As a substitute for what? Beef?

It would have been obvious it wasn't beef
[/quote]

I suspect you could wrap pretty much anything in crispy batter, drench it in sweet and sour sauce, and then pass it off as beef to a bunch of pissed up pub-goers on a Friday night.