• You may have to login or register before you can post and view our exclusive members only forums.
    To start viewing messages, select the forum that you want to visit from the selection below.

Liverpool's new Stanley Park stadium on hold until recession is over

Forums Unread posts
Status
Not open for further replies.
[quote author=the count link=topic=35632.msg939257#msg939257 date=1252233292]
Liverpool co-owner Tom Hicks has vowed that the club will build a new stadium – but has said that the move will not be financed by the £450million he is set to bank from the sale of baseball club Texas Rangers.

Hicks and business partner George Gillett have been unable to raise the £500m it will cost to fund the development of a 60,000-capacity home for the Reds at Stanley Park because of the credit crunch.

There have been reports in the United States that Hicks has now entered into negotiations with six potential buyers for the Rangers – and that Liverpool will benefit from the windfall.

But Hicks said: “Rangers and Liverpool are totally separate investments, so there is no connection.

“I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.â€

Liverpool’s new managing director Christian Purslow admitted last week that the club hope to have the stadium completed in time for 2018 – should England’s World Cup bid be successful.

That is six years behind the original schedule set when Hicks and Gillett bought Liverpool three years ago.

The American pair have been criticised for failing to provide the finance for the stadium and for manager Rafa Benitez to build a championship-winning team.

But Purslow’s portfolio is to develop new commercial streams – and he is in talks with several interested companies about a £15m-a-year kit sponsorship deal.

Hicks added: “Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.â€


http://www.mirrorfootball.co.uk/news/Liverpool-WILL-build-a-new-stadium-promises-Tom-Hicks-article146423.html

[/quote]

He talks about the "financial market" like it's a shop.

'We've been sitting here outside Next since 4am waiting for the January Sales to start. We obviously want to buy the suit, but as you can see - the shop's currently closed."
 
you'd have thought now was the time build it, what with steel not rocketing in price anymore.

Well, now or 3 years ago anyway.
 
[quote author=Ryan link=topic=35632.msg939511#msg939511 date=1252304147]
[quote author=the count link=topic=35632.msg939257#msg939257 date=1252233292]
Liverpool co-owner Tom Hicks has vowed that the club will build a new stadium – but has said that the move will not be financed by the £450million he is set to bank from the sale of baseball club Texas Rangers.

Hicks and business partner George Gillett have been unable to raise the £500m it will cost to fund the development of a 60,000-capacity home for the Reds at Stanley Park because of the credit crunch.

There have been reports in the United States that Hicks has now entered into negotiations with six potential buyers for the Rangers – and that Liverpool will benefit from the windfall.

But Hicks said: “Rangers and Liverpool are totally separate investments, so there is no connection.

“I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.â€

Liverpool’s new managing director Christian Purslow admitted last week that the club hope to have the stadium completed in time for 2018 – should England’s World Cup bid be successful.

That is six years behind the original schedule set when Hicks and Gillett bought Liverpool three years ago.

The American pair have been criticised for failing to provide the finance for the stadium and for manager Rafa Benitez to build a championship-winning team.

But Purslow’s portfolio is to develop new commercial streams – and he is in talks with several interested companies about a £15m-a-year kit sponsorship deal.

Hicks added: “Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.â€


http://www.mirrorfootball.co.uk/news/Liverpool-WILL-build-a-new-stadium-promises-Tom-Hicks-article146423.html

[/quote]

He talks about the "financial market" like it's a shop.

'We've been sitting here outside Next since 4am waiting for the January Sales to start. We obviously want to buy the suit, but as you can see - the shop's currently closed."
[/quote]

He's right though.

He can't get a loan at reasonable rates to build.

He can't sell the club at a high enough price because he's leveraged to the hilt.

He's stuck. We're stuck with him.

It could be a decade or more before conditions are right again.
 
The lack of shame they display is amazing. I know it shouldn't be any longer, but it still astonishes me. That little PR phase they went through has long gone.
 
if moores had more assets to his name, there isn't a single thing he couldn't have done that the yanks have (i.e. take out a massive loan) the difference being the loan would have been for players and the start of the stadium. ho hum.

I have no idea why hicks is selling the rangers if he isn't (as he claims) going to use any of the money for liverpool.
 
[quote author=spider-neil link=topic=35632.msg939575#msg939575 date=1252315731]
if moores had more assets to his name, there isn't a single thing he couldn't have done that the yanks have (i.e. take out a massive loan) the difference being the loan would have been for players and the start of the stadium. ho hum.

I have no idea why hicks is selling the rangers if he isn't (as he claims) going to use any of the money for liverpool.
[/quote]

I dunno maybe to be $450million dollars richer?
 
[quote author=jexykrodic link=topic=35632.msg939559#msg939559 date=1252314780]
[quote author=Ryan link=topic=35632.msg939511#msg939511 date=1252304147]
[quote author=the count link=topic=35632.msg939257#msg939257 date=1252233292]
Liverpool co-owner Tom Hicks has vowed that the club will build a new stadium – but has said that the move will not be financed by the £450million he is set to bank from the sale of baseball club Texas Rangers.

Hicks and business partner George Gillett have been unable to raise the £500m it will cost to fund the development of a 60,000-capacity home for the Reds at Stanley Park because of the credit crunch.

There have been reports in the United States that Hicks has now entered into negotiations with six potential buyers for the Rangers – and that Liverpool will benefit from the windfall.

But Hicks said: “Rangers and Liverpool are totally separate investments, so there is no connection.

“I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.â€

Liverpool’s new managing director Christian Purslow admitted last week that the club hope to have the stadium completed in time for 2018 – should England’s World Cup bid be successful.

That is six years behind the original schedule set when Hicks and Gillett bought Liverpool three years ago.

The American pair have been criticised for failing to provide the finance for the stadium and for manager Rafa Benitez to build a championship-winning team.

But Purslow’s portfolio is to develop new commercial streams – and he is in talks with several interested companies about a £15m-a-year kit sponsorship deal.

Hicks added: “Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.â€


http://www.mirrorfootball.co.uk/news/Liverpool-WILL-build-a-new-stadium-promises-Tom-Hicks-article146423.html

[/quote]

He talks about the "financial market" like it's a shop.

'We've been sitting here outside Next since 4am waiting for the January Sales to start. We obviously want to buy the suit, but as you can see - the shop's currently closed."
[/quote]

He's right though.

He can't get a loan at reasonable rates to build.

He can't sell the club at a high enough price because he's leveraged to the hilt.

He's stuck. We're stuck with him.

It could be a decade or more before conditions are right again.
[/quote]

Thats the point, irrespective of the current bank problems its is patently obvious that these two idiots simply did not have the financial power required to see through the project, even at the time of the deal... for them to knock back offers in the meantime is bordering on insanity. Genuinely insane greed.

With these two at the helm sooner or later we will finish outside the top four and then what?? we can scrape on bye servicing the debts that they placed upon us due to their not actually having any fucking money only if we finish top 4.

You cannot tread water forever, it is simply not possible regardless of who you are, eventually it is fucking certain you will drown. You can ignore it if you like but those two will drag us down unless they make a genuine investment of unborrowed capital OR they sell up and fucking let the big boys have a go.

We would have been better of with Moores in effect, sadly he wasn't willing to take on a huge debt to build a stadium but at least if he would have had the situation where we were massively in debt but with a new stadium.

These guys are just the fucking worst case scenario. Paying interest on buying ourselves for gods sake... you couldn't make it up if it wasn't so tragic it would be laughable.

i might add while i'm still thinking of it, currently these two are unable to make a go of it when the premier league and the income flowing into the clubs is at an all time record high.... the clubs should be profitable with enormous revenues from advertising, massive TV cheques, far east tours etc.

They still can't get a grip!!

Remember when serie A was all the rage and everybody watched it on channel 4? what happens when our big clubs can no longer buy in the best ( starting this summer perhaps) and the interest wanes.... do you think th eadvertisers will still come rushing to sponsor the club?

He simply has to use that available money to lessen the debt burden, not to cure the problem but just to make us more saleable. They are cancer.
 
[quote author=Molbystwin link=topic=35632.msg939598#msg939598 date=1252317249]
[quote author=jexykrodic link=topic=35632.msg939559#msg939559 date=1252314780]
[quote author=Ryan link=topic=35632.msg939511#msg939511 date=1252304147]
[quote author=the count link=topic=35632.msg939257#msg939257 date=1252233292]
Liverpool co-owner Tom Hicks has vowed that the club will build a new stadium – but has said that the move will not be financed by the £450million he is set to bank from the sale of baseball club Texas Rangers.

Hicks and business partner George Gillett have been unable to raise the £500m it will cost to fund the development of a 60,000-capacity home for the Reds at Stanley Park because of the credit crunch.

There have been reports in the United States that Hicks has now entered into negotiations with six potential buyers for the Rangers – and that Liverpool will benefit from the windfall.

But Hicks said: “Rangers and Liverpool are totally separate investments, so there is no connection.

“I do plan to keep a significant participation in the Rangers. We are close to winning our division. I want to finish what we have started.

“Liverpool will obtain stadium financing when the financial market opens back up. We have all of our permits and will be ready when the market is ready.â€

Liverpool’s new managing director Christian Purslow admitted last week that the club hope to have the stadium completed in time for 2018 – should England’s World Cup bid be successful.

That is six years behind the original schedule set when Hicks and Gillett bought Liverpool three years ago.

The American pair have been criticised for failing to provide the finance for the stadium and for manager Rafa Benitez to build a championship-winning team.

But Purslow’s portfolio is to develop new commercial streams – and he is in talks with several interested companies about a £15m-a-year kit sponsorship deal.

Hicks added: “Christian Purslow is working hard. Liverpool’s new management focus is producing great new commercial results that will become known in due time.â€


http://www.mirrorfootball.co.uk/news/Liverpool-WILL-build-a-new-stadium-promises-Tom-Hicks-article146423.html

[/quote]

He talks about the "financial market" like it's a shop.

'We've been sitting here outside Next since 4am waiting for the January Sales to start. We obviously want to buy the suit, but as you can see - the shop's currently closed."
[/quote]

He's right though.

He can't get a loan at reasonable rates to build.

He can't sell the club at a high enough price because he's leveraged to the hilt.

He's stuck. We're stuck with him.

It could be a decade or more before conditions are right again.
[/quote]

Thats the point, irrespective of the current bank problems its is patently obvious that these two idiots simply did not have the financial power required to see through the project, even at the time of the deal... for them to knock back offers in the meantime is bordering on insanity. Genuinely insane greed.

With these two at the helm sooner or later we will finish outside the top four and then what?? we can scrape on bye servicing the debts that they placed upon us due to their not actually having any fucking money only if we finish top 4.

You cannot tread water forever, it is simply not possible regardless of who you are, eventually it is fucking certain you will drown. You can ignore it if you like but those two will drag us down unless they make a genuine investment of unborrowed capital OR they sell up and fucking let the big boys have a go.

We would have been better of with Moores in effect, sadly he wasn't willing to take on a huge debt to build a stadium but at least if he would have had the situation where we were massively in debt but with a new stadium.

These guys are just the fucking worst case scenario. Paying interest on buying ourselves for gods sake... you couldn't make it up if it wasn't so tragic it would be laughable.

i might add while i'm still thinking of it, currently these two are unable to make a go of it when the premier league and the income flowing into the clubs is at an all time record high.... the clubs should be profitable with enormous revenues from advertising, massive TV cheques, far east tours etc.

They still can't get a grip!!

Remember when serie A was all the rage and everybody watched it on channel 4? what happens when our big clubs can no longer buy in the best ( starting this summer perhaps) and the interest wanes.... do you think th eadvertisers will still come rushing to sponsor the club?

He simply has to use that available money to lessen the debt burden, not to cure the problem but just to make us more saleable. They are cancer.


[/quote]

the funny thing is we PAID a company to find them and that company took FIVE YEARS to do so.
 
It just goes to show how twisted things become when you are very rich IMO.... the consulcunts who found them two are just fucking leeches like all the others dripping in cash.

Its fucking sad it really is.

They have to sell.

I wish we could all agree and do something about it... however pathetic that sounds or whatever... we NEED rid of them its as clear as day.
 
[quote author=Molbystwin link=topic=35632.msg939604#msg939604 date=1252318101]
It just goes to show how twisted things become when you are very rich IMO.... the consulcunts who found them two are just fucking leeches like all the others dripping in cash.

Its fucking sad it really is.

They have to sell.

I wish we could all agree and do something about it... however pathetic that sounds or whatever... we NEED rid of them its as clear as day.
[/quote]

"consulcunts"

'consulcunts' everyone.
 
[quote author=Ryan link=topic=35632.msg939613#msg939613 date=1252318993]
[quote author=Molbystwin link=topic=35632.msg939604#msg939604 date=1252318101]
It just goes to show how twisted things become when you are very rich IMO.... the consulcunts who found them two are just fucking leeches like all the others dripping in cash.

Its fucking sad it really is.

They have to sell.

I wish we could all agree and do something about it... however pathetic that sounds or whatever... we NEED rid of them its as clear as day.
[/quote]

"consulcunts"

'consulcunts' everyone.
[/quote]

😉
 
Banks are still liquid and they will lend if the business model and collateral is good. So we can infer that LFC under G&H is neither liquid nor good business risk if no banks are willing to lend to the present owners who are unable to guarantee the loan because they are without assets.
 
Y1 - Not for the first time and most certainly not for the last, I haven't the slightest idea what you're blathering on about.
 
Well, I did..but I hope Mike doesn't mind me translating from Malaysian : ;D


Banks are still liquid and they will lend if the business model and collateral is good.

So we can infer that LFC under G&H is neither liquid nor a good business risk.

Since the present owners are unable to guarantee the loan, (as they have no assets) its likely that no banks would be willing to lend to them.
 
Business Risk and Financial risk need to be balanced. If one is high then the other should be low and vice versa.

Banks are obviously now realising that football clubs have a higher business risk than they did previously so the financial risk must be lower.

We're 100% finance by debt, that's as risky as we can be. Until we've got a lot more equity on our balance sheet we won't be able to borrow for a stadium.
 
[quote author=Rosco link=topic=35632.msg939740#msg939740 date=1252333420]
Business Risk and Financial risk need to be balanced. If one is high then the other should be low and vice versa.

Banks are obviously now realising that football clubs have a higher business risk than they did previously so the financial risk must be lower.

We're 100% finance by debt, that's as risky as we can be. Until we've got a lot more equity on our balance sheet we won't be able to borrow for a stadium.
[/quote]

not qualifying for the CL would be an absolute disaster.
 
It would either mean selling players or the Yanks being forced to put some of their own money in.
 
[quote author=spider-neil link=topic=35632.msg939742#msg939742 date=1252333771]
[quote author=Rosco link=topic=35632.msg939740#msg939740 date=1252333420]
Business Risk and Financial risk need to be balanced. If one is high then the other should be low and vice versa.

Banks are obviously now realising that football clubs have a higher business risk than they did previously so the financial risk must be lower.

We're 100% finance by debt, that's as risky as we can be. Until we've got a lot more equity on our balance sheet we won't be able to borrow for a stadium.
[/quote]

not qualifying for the CL would be an absolute disaster.

[/quote]

What makes you think that??
 
[quote author=Avmenon link=topic=35632.msg939738#msg939738 date=1252332937]
Well, I did..but I hope Mike doesn't mind me translating from Malaysian : ;D


Banks are still liquid and they will lend if the business model and collateral is good.

So we can infer that LFC under G&H is neither liquid nor a good business risk.

Since the present owners are unable to guarantee the loan, (as they have no assets) its likely that no banks would be willing to lend to them.
[/quote]

Good on yer Ave, Tq
 
[quote author=Rafa4PM link=topic=35632.msg939744#msg939744 date=1252334066]
[quote author=spider-neil link=topic=35632.msg939742#msg939742 date=1252333771]
[quote author=Rosco link=topic=35632.msg939740#msg939740 date=1252333420]
Business Risk and Financial risk need to be balanced. If one is high then the other should be low and vice versa.

Banks are obviously now realising that football clubs have a higher business risk than they did previously so the financial risk must be lower.

We're 100% finance by debt, that's as risky as we can be. Until we've got a lot more equity on our balance sheet we won't be able to borrow for a stadium.
[/quote]

not qualifying for the CL would be an absolute disaster.

[/quote]

What makes you think that??
[/quote]

when you think of the interest we have to pay, we are ALREADY walking a fine line in regards to repayments and that is almost certainly factoring in CL income.
 
Is it wrong that what makes me angriest about this is the thought of those cunts down the M62 laughing their tits off at this?
 
[quote author=FoxForceFive link=topic=35632.msg939818#msg939818 date=1252352841]
Is it wrong that what makes me angriest about this is the thought of those cunts down the M62 laughing their tits off at this?
[/quote]

there debts are just as fucking mental!

I read something about a hedge fund loan they have at some ridiculous rollover rate and its still just growing and growing. The mancs ive spoke too although they are not happy about it but the cant complain because they are winning everything.
 
According to BBC gossip page, the Times is reporting that the yanks will sell a 25% stake in the club for £100M to rais funds for building the stadium.
 
[quote author=Jack D Rips link=topic=35632.msg944884#msg944884 date=1253179107]
According to BBC gossip page, the Times is reporting that the yanks will sell a 25% stake in the club for £100M to rais funds for building the stadium.
[/quote]

That's old news it was reported a couple of months ago. They are just trying to get positive headlines about the stadium in the press to counteract the impression that it will never be built.
 
Status
Not open for further replies.

Similar threads

localny
    • Like
  • Locked
Dynasty Invests in the Pool
Replies
26
Views
1K
Woland
Woland
bluebell
  • Locked
Where are they now
Replies
22
Views
2K
tombrown
tombrown
Modo
    • Like
  • Locked
Being an Everton fan is the most miserable existence in Premier League history
Replies
19
Views
1K
Tinto
Tinto
the count
    • Like
  • Locked
Sean cox- Five years on
Replies
1
Views
531
LeTallecWiz
LeTallecWiz
Red rose
    • Like
  • Locked
Stefan Bajcetic's The next Fabinho ?
Replies
26
Views
2K
Woland
Woland
Back
Top Bottom