The countdown to a new Liverpool era begins
Read between the lines, chaps
Whatever you do, don’t underestimate the sheer magnitude of what is going on at Liverpool. Seriously, do anything else – swallow chewing gum, stick your wet fingers in a plug socket, smoke and eat – just don’t underestimate this.
Because, in football terms, you are about to witness the fall of the Roman Empire.
The bite-sized version - come October 6th, if the Anfield Americans haven’t refinanced their £237.4million debt to RBS, then it will be transfered to the Global Restructuring Group, who are basically “bad cop”, and flogged at a discount price to clear the debt.
In amongst this mess, both Hicks and Gillett have morphed into desperate business junkies begging money from a million sources - Hicks, in particular, appears to be unwilling to leave the club, which would surely make him the world’s worst dinner party guest.
Assuming that the boardroom door finally slams into his face, Liverpool will be cast into the bargain basement, and available for considerably less than the absurd £800million price tag that the Americans popped on the front of the Anfield gates.
Rather interestingly, during the chaos, there has been minimal talk of a British businessman taking over, which must just rub salt into the wound - what with Liverpool’s rich sporting history.
Next stop – massive clear out? Mid-lower table obscurity?
Just 18 days to go…
Let us know your feelings on the matter with a well worded comment…
8 responses so far
Stefan // September 17, 2010 at 1:06 pm
While this hurts really bad to watch my club go through this media circus while it collapses to it’s knees with a potentially fatal chest wound, I have to admit, it is probably the only way the club can be saved. The current ownership has been like a slow acting poison, necrosis has set in at the heart of the club, and it must be cut out. The challenge for the board and bank is can they remove the dead and rotten flesh, stop the bleeding and close the wound before the club is beyond recovery?
daboy // September 17, 2010 at 1:11 pm
I am extremely angered at the lack of passion by these Americans for the club and the crippling price which has been put on the club.
In saying that i do believe the club will get the best owners when the bank sell it, no profit for Hicks means hopefully more money to spend on whats needed.
So maybe the bank will be the clubs savior as the best bidder will only have to pay the debt, so lets hope the bank is wise not greedy.
shay // September 17, 2010 at 2:03 pm
I hate Liverpool and I am American but to see they way these “businessmen” have run this legendary club into the ground is disgusting! If they cared at all about the future of the club they would have sold it already.
The Koz // September 17, 2010 at 2:31 pm
One thing I have been wondering about is that Liverpool is putting in something like 50 or 60 million in each year just to cover the interest on the loans. Once RBS takes over, will they need to continue those payments or will RBS get their money back simply via a resale?
Putting it another way, won’t Liverpool be better off in a situation where they are in essence left to their own devices instead of having to pay a crazy sum of money simply for the pleasure of being owned by a couple of jackasses?
Either way, it will be great to be rid of those guys and hopefully someone will step forward with enough money to at least let LFC spend what they earn, if nothing else…
paul // September 17, 2010 at 3:06 pm
Scoff all you like, Man Utd are next. You think the Glazer outfit are safe hands? Seen the Bucs stadium lately? TV blackout due to insufficient attendances, buying up your own seats. It’s a long way down when you’re up to you eyeballs in debt both sides of the Atlantic.
luckylou // September 17, 2010 at 10:53 pm
It can happen to any club. I hate Liverpool but the EPL need them. Look at Leeds, hated them, too, but would rather have Liverpool & Leeds in the League than clubs like Blackpool, Wigan, Bolton etc.
Mish // September 18, 2010 at 6:06 am
Mid-table obscurity is already here under the Yank schysters.
Those interested in owning LFC are waiting, biding their time to get it at a price they deem to be fair. Why would they pony up some ridiculous figure just to line the pockets of that pair of scum.
Liverpool have too much potential to be left to languish. We have too many fans, too much loyalty and support. We’re also too good-a marketing opportunity for someone to turn down.
Provided this clown piece of shit, Hicks doesn’t get his way – we should find our way back from the wilderness.
YNWA
Mr. Chopper // September 19, 2010 at 10:15 am
http://en.wikipedia.org/wiki/Deloitte_Football_Money_League
The very last thing the club needs is a Man City situation, as I’m not sure that I could cope with that level of shitting over years of history. Much like United, if we can get rid of the debts we’ll be just fine ticking over and living off what we make. Here’s hoping we can get rid of the current system, bring in intelligent owners who are sympathetic to the club’s historical status and the Champion’s League brings in the financial solvency rule just as City make it in the top four and are forced to relinquish it to us.
Abramovich saw it coming and stopped pumping millions of his own money into the club. They have to survive on what they generate alone, or risk facing being dumped from competitions. I’m not quite sure if our nouveau-riche new friends are just ignoring this, or they actually plan to have paid back the hundreds of millions of pounds over the next couple of seasons. I mean, I know they must make a shitload of profit from selling those last minute childrens tickets to European matches for £4… Only to still see a half-full stadium on Channel 5.
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