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Liverpool Fc Face Threat Of Administration From Taxpayer Funded Rbs

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football,the biggest bubble of all.tired of hearing the premiership is different,no it's not.

Liverpool and Man U were very good businesses until they were bought by people who leveraged the clubs up to their eyeballs with unaffordable high interest debt.

When Premier League clubs can sell their games over the internet to for a couple of dollars a game to the 500 million or so who watch the top games, the bubble you talk of will be an exceptionally profitable for many years to come.

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Nah, there were bidders but it's like buying a house you know is going to be repo'd. They could pay full asking price now (~£500-800million), giving Hick & GIllett a nice profit after paying off RBS, or wait until RBS take ownership and pay more like £300million for a club with the debt written off.

Having 9 points deducted is a small penalty to pay, it's not like they're going to win anything this season anyway. :P

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Portsmouth going down was big local news, so I guess a Liverpool bankruptcy will cause riots on Merseyside.

Gubmint went after Portsmouth hard for unpaid taxes, but the bankruptcy court ruled against them. I wonder how the RBS involvement will affect the calculation on whether to let Liverpool strike a deal.

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Portsmouth going down was big local news, so I guess a Liverpool bankruptcy will cause riots on Merseyside.

Liverpool FC is an institution. Spirit of Shankly Union has been set up to fight back against the owners. Over 50,000 members so far, hopefully they will set an example to fans worldwide and leveraged buyouts will become a thing of the past.

At least they are not sitting back and doing nothing. YNWA.

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Liverpool FC is an institution. Spirit of Shankly Union has been set up to fight back against the owners. Over 50,000 members so far, hopefully they will set an example to fans worldwide and leveraged buyouts will become a thing of the past.

At least they are not sitting back and doing nothing. YNWA.

I know 40 odd thousand of them are actively spending 40 quid a pop for a ticket and lining the owners pockets with match day related goods then waving flags with some words on, with that kind of people power those nasty aMerkins don't stand a chance.

Up the revolution!

Edited by BuyInOxford

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Liverpool and Man U were very good businesses until they were bought by people who leveraged the clubs up to their eyeballs with unaffordable high interest debt.

When Premier League clubs can sell their games over the internet to for a couple of dollars a game to the 500 million or so who watch the top games, the bubble you talk of will be an exceptionally profitable for many years to come.

Yes there is a reason why everyone is desperate for a slice of the cake.

It may well be our only export soon especially when the pound gives up the goast, crack up boom anyone?

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http://www.telegraph.co.uk/sport/football/teams/liverpool/8025406/Liverpool-face-up-to-the-threat-of-administration-as-crisis-deepens-at-Anfield.html

'RBS holds the majority of the £282 million debt laden on to Liverpool by the club‘s current owners Tom Hicks and George Gillett and is due to call the loans in on October 15.

The bank, which is 84 per cent government owned, introduced Martin Broughton as the club’s chairman and appointed Barclays Capital, the investment arm of the high street bank, to identify replacements for the Americans as owners in April.

That search has proved fruitless and, though managing director Christian Purslow suggested this week “a small number” of groups were conducting due diligence on the club’s accounts, it is believed no live bids are currently on the table.

That leaves RBS facing a choice as the deadline approaches between calling the loans in or offering Hicks and Gillett a short-term refinancing in order to continue the search for a buyer.

Should the bank opt for the former, it would put Kop Holdings at risk of going into administration, though Liverpool as a club is solvent. Though that would not automatically result in a nine-point penalty, as suffered by Portsmouth last season, Liverpool are the company’s only asset and, as such, the Premier League would be likely to examine the matter. '

love the bit where they say 'though Liverpool as a club is solvent',obviously innit?cuz dey is callin da minstretors in innit?

football,the biggest bubble of all.tired of hearing the premiership is different,no it's not.

lot of clubs financing mega detbs of relatively small cash flow and annual losses.SKY,the only bidder last tiem is hardly likely to pony up the same for TV rights as last time-with subscription and advertisining turning down.

stands -except for the big clubs,always seem to have a nice array of empty seats.£25-£30 a seat to watch a 0-0 thriller between Pompey and AN Other........

personally,I'm amazed football has lasted this long.when I was a kid,footballers retired to jobs as postmen/pub landlords etc

there's a hissing sound and it's not the ball deflating..

bl00dy hell Pedro, an alarming misinformed thread of yours I like and want to agree with!!

Football was toast as soon as Murdock effectively took it over. Time a big one went down!

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I know 40 odd thousand of them are actively spending 40 quid a pop for a ticket and lining the owners pockets with match day related goods then waving flags with some words on, with that kind of people power those nasty aMerkins don't stand a chance.

Up the revolution!

If they could devise a sure fire way to stop them jumping the turnstiles, this club would make a lot of money.

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careful now poppie.this is how it starts and before you know it,you trawl the daily mail for things to rant about. ;)

:lol:

Personally, i find the guardian more hysterical these days.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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