The Anfield Saga

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Heres the link http://www.telegraph.co.uk/sport/fo...ks-set-to-sign-281deal-to-stay-in-charge.html

Liverpool owner Tom Hicks set to sign £281deal to stay in charge

Liverpool co-owner Tom Hicks is reported to have told the club’s board that he will sign a £281million refinancing deal to stay in charge at Anfield on Oct 1.



Published: 11:28PM BST 18 Sep 2010


tom-hicks_ap_1719446c.jpg
Staying on: it has been reported that co-owner Tom Hicks will remain at Liverpool for another two years Photo: AP


The American, who met Liverpool chairman Martin Broughton in London for talks last week, hopes the deal with the Blackstone/GSO Group will allow him another two years to find a buyer for the Merseyside club, who face Manchester United today.

The deal reportedly does not include any funds to buy new players or to build a new stadium. The notion of Hicks remaining in charge could also lead to questions over the long-term futures of Pepe Reina and Fernando Torres, who have voiced concerns over the club’s ambitions under the American owners.





Liverpool’s board must now decide whether they must mount a legal challenge to Hicks. There is uncertainty over whether the board can block his proposals. http://www.telegraph.co.uk/sport/fo...ks-set-to-sign-281deal-to-stay-in-charge.html
 
CJ said:
Sorry, but i'm not really that in the loop with Liverpool's finances, Why is this thaaaat bad?
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When H+G took over we had about £10 Million pounds of debt. We brought the Yanks in for investment towards players, the proposed stadium etc. Instead they have piled about £350 Million pounds more debt (probably even more), gave Rafa this sell to buy policy, haven't even started the stadium and they don't communicate with the fans at all. An absolute pair of ****'s.
 
Prove yourself now Broughton, take him to court. Seriously, the banks are getting **** raped, silly gets.
 
Ride The Walrus said:
Prove yourself now Broughton, take him to court. Seriously, the banks are getting **** raped, silly gets.
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Not quite sure how they're getting done though, they presumably still have their loan to Liverpool, all that has happened is that he's refinanced the loan at a lower penalty rate over a longer period, which the banks will like as it keeps the interest payments racking up against Liverpool, or rather Kop Holdings or whoever it is they bought the club with.

It's terrible news for fans though, another two years of this uncertainty? I'd love Pepe Reina at Arsenal though, come on Arsene, give the Scouse a few pennies to **** away on H&G's bank debt to keep them afloat another year!
 
This was just posted on twitter...apparently it's Hicks outside JP Morgan & Deutsche Bank....

Can I smell another email campaign...surely they will turn him down as well...please
http://twitpic.com/2qof7z
 
Bumpy bump...

Anyone heard anything?
 
well if RBS take control of the club, they will sell it for a cut down price (ive heard around 300 million)
 
ESPNsoccernet can reveal that Liverpool are on the brink of being sold after two new credible buyers tabled offers for the stricken Premier League giants, though that news is tempered by the fact that current owners George Gillett and Tom Hicks are refusing to walk away from the club with nothing. The Liverpool board met on Tuesday to discuss which bid to accept, but while three members favoured a sale, the proposals are still being blocked by Hicks and Gillett. Months of abortive bids from across the globe - including offers from India, Canada and the Middle East, as well as speculation that the Chinese Government were even tabling a bid - all fell by the wayside as the buyers were unable to offer up proof of funds.
And it had looked as though the deadline set by the Royal Bank of Scotland (RBS) on October 15 - to call in their £237 million loans to Hicks and Gillett - could have seen the bank take control of the club or consider placing the company into administration, likely invoking a subsequent nine-point Premier League deduction.
With Liverpool having slipped into the relegation zone, lost to Northampton Town in the Carling Cup, and with manager Roy Hodgson under intense pressure after the poor results on the pitch, worries about no takeover being in sight had led to despair setting in at Anfield.
But potential new owners have finally emerged from the United States and Asia, with the bidders possessing the necessary credibility to convince chairman Martin Broughton to sell and save one of football's biggest institutions right in the nick of time.
Yet the fight is far from over, as ESPNsoccernet can also disclose that the outgoing American owners are desperately trying to block the bids because both Hicks and Gillett will be frozen out of receiving any money for their shares.
Chairman Martin Broughton, brought in to find a buyer by RBS, has insisted that prospective new owners of Liverpool would need the funds to bring in new players, and also to eventually build a new £400 million stadium.
Hicks and Gillett initially valued the club at £800 million, when they first revealed their intention to search for a buyer earlier this year, but it quickly became clear that such a sum was way beyond any true value.
The American duo claim that they are owed at least £150 million but will be shocked that the offers that Broughton, chief executive Christian Purslow and commercial director Ian Ayre are ready to accept do not include any money to pay off Hicks and Gillett.
It is a scenario that will delight Liverpool fans, who will want funds channelled into the club for players and the new stadium, and not back into the pockets of the detested Hicks and Gillett, who have been the target of widespread demonstrations at recent home matches at Anfield. However, on the evidence of recent machinations from the pair, including an attempted refinancing of the debt with American investment company Blackstone by Hicks, it seems highly unlikely that will go down without a fight.
urrent owners George Gillett and Tom Hicks are refusing to walk away from the club with nothing.

http://soccernet.espn.go.com/news/story?id=830261&sec=england&cc=5739
 
If RBS take over, Hicks and Gillette could take them to court over it, and although RBS would surely win, they could hang on longer.

Two dates mentioned for a while, Oct 15 and 6th's


Samuel L Jackson and Mike Myers are ready to fight hicks!!!
Hollywood director involved in anti Hicks & Gillett movie, filming on Hope Street this weekend


Huge UK Casting Director Dan Hubbard (King Kong, The Damned United, The Bourne Ultimatum etc), is a massive Liverpool FC fan. This weekend he is coming up to Liverpool with Hollywood Producer & Director Mike Jefferies and together they are producing a viral to start a campaign against Tom Hicks and George Gillett. They want them out, nothing to do with them being Americans just, as fans, they will not ever accept the club they love being touted as a product like a soft drink.

They are looking for celebrities and influential Liverpool fans to be involved in the viral.

We have lots of people going along already but wondered if was something you’d be interested in?
You would only be needed for 5 minutes. Either Saturday 10am-6pm or Sunday from 9am – Noon at Hope Street Hotel in town.

Also, Kirdi's out


The pressure on Liverpool's owners to find a buyer before an October 15 deadline has increased after one potential buyer claimed there was no "logic" in their high asking price.
Canada-based Syrian investor Yahya Kirdi said the group he is representing has shelved plans to buy the club.
Owners Tom Hicks and George Gillett need to find a buyer before October 15 to repay their £282million loans to the Royal Bank of Scotland and Wachovia. If they are unsuccessful then RBS are poised to take control of Liverpool, the asset against which the loans are secured, and sell the club themselves to recoup their cash.
Hicks and Gillett initially sought an asking price of around £800million for Liverpool, a figure that they subsequently dropped to £600million, but that has been too much for Kirdi.
Kirdi told Bloomberg: "Right now is not the time for me and my group to enter into any negotiations.
"Once everyone is united and there's logic in the price and the overall deal, me and my group will be prepared to return to the table."
There had been some doubts over whether Kirdi was a serious contender to buy Liverpool because he refused to name his backers and is a friend of Gillett's son Foster.
But he added: "I'm a serious man. I'm not playing but my group said they didn't want to go public because we haven't done the deal."
Liverpool are in desperate need of stability off the pitch after a terrible start to the season on it - they are currently in the bottom three of the Premier League after their worst league start for more than half a century.
 
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