Dark times. Hope something can be sorted soon.
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Liverpool 2010/11 Season Thread
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Originally posted by Flabio View PostI know I'm not above a chuckle when a bigger team than mine is performing poorly on the pitch, but a 9 point penalty and all the other mess that's going on has rapidly stopped being funny.
Would they be so spiteful as to block the sale, have the whole thing go into administration, points penalty, possible relegation... just because they think the offer they've had isn't as big as they wanted?
?300Million for Liverpool is well below value, the value of anfield (stadium)alone is probably ?150mill. I'd imagine if you included players, training grounds, offices, shops etc. you wouldn't have trouble getting to 300mill on a pure asset PoV, let alone how much they're worth put into the context of an established and viable business.
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But the club isn't viable because it currently owes £230mil or so. The kind of repayments are crippling the club in all other respects.
The owners got caught out with the recession and couldn't get the finance they required for the stadium and renegotiating the loans. They've now been caught out via their leveraged buy out and seemingly cant afford to carry on their repayments.
If the club had been bought with the owner's money the recently increased operating profits would have been better utilised compared with using it all to service debt. I think interest payments at Liverpool are something like £20mil a month, at least I think I read that somewhere.
The club simply aren't viable in their current state.
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Without interest payments the club would've made 10mill profit with last years figures. Not amazing but with better management and work to boost the club outside of the UK, could be improved by a not insignificant margin.
Even if you assume every player retires tomorrow, the club is still pretty asset rich which lowers the risk value for investors. It's probably the assets which enabled RBS to offer the owners loans that were impossible to realistically manage whilst they looked for a sale.
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Originally posted by abigsmurf View PostThey bought the club for ?220m and invested something like ?180m
The ?144m they stand to lose was originally money loaned to the club via a Cayman Islands holding company (at a compound interest rate of 10% I believe).
This loan was forcibly converted into equity as part of the terms set out by RBS in the last round of refinancing.
The value of Liverpool is set solely by how much any buyer is willing to pay. Nobody is willing to pay more than ?300m - so that is what it is worth.
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Originally posted by Flabio View PostI know I'm not above a chuckle when a bigger team than mine is performing poorly on the pitch, but a 9 point penalty and all the other mess that's going on has rapidly stopped being funny.
Would they be so spiteful as to block the sale, have the whole thing go into administration, points penalty, possible relegation... just because they think the offer they've had isn't as big as they wanted?
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Originally posted by nakamura View PostYes really. The circumstances may be different but untimately the club was in a mess which was something of a worry for the fans.
And yet you'll defend someone's right to have ago at a fan orchestrated campaign to highlight the plight of our club, a plight of which he clearly knows very little.
Do me a favour.....
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Originally posted by Tetsuo View PostYes they would, and are. It's not about football or morals, these lying sleezebags care nothing for the club, players, fans, the game, not even their own reputations. None of it matters, because none of it is as important making money to them.
Its called the Real World
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More here ...
The Singapore billionaire who was runner-up in the bidding war for Liverpool FC is to make a higher offer, the BBC learns.
2nd to bottom paragraph.
So, the sum of his sport/football business knowledge, to helps us (the club) move forward is based on him owning some scum themed bars.
Broughton has said he had 2 rival bidders (presumably NESV and Lim), but one had more experience in sports management than the other.
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