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kopdude
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« Reply #1290 on: 25-01-2010, 16:44:02 » |
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"Or, you could just shut your festering word-hole. For pete's sake, you Mac people are worse than the Jesus people. Not every freaking problem's solution begins with a lower-case i."
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brendan_lfc
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« Reply #1292 on: 03-02-2010, 10:53:01 » |
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'The current refinancing deal with RBS and Wachovia runs out in July and if Liverpool don't meet the £100 million investment figure then it's thought Gillett and Hicks will either have to seek an agreement with a new bank, or put the club up for sale.' - please option number 3!!
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Not-Interested-Anymore
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« Reply #1293 on: 03-02-2010, 17:52:54 » |
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Can't the banks seize/reposess the club like a normal mortgage?
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Negative
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« Reply #1294 on: 03-02-2010, 17:59:15 » |
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Yes.
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Sitting in green room with Justin Bieber...must resist urge to roundhouse kick him in his midget face
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Not-Interested-Anymore
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« Reply #1295 on: 04-02-2010, 05:47:18 » |
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That's a good thing IMO, they'll sell to the highest bidder whoever it is, and i'm sure the Arabs would be back in for us if they thought they could get us for a few hundred million.
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Nosferatu
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« Reply #1296 on: 04-02-2010, 08:21:03 » |
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Be careful what you wish for. Portsmouth are on their 4th owners now in a year I think. The previous owner defaulted on his loans making the guy who he owed the money to, the new owner today. There's a lot to criticise the current lot for. But the plain facts are that wages are spiralling out of control as well as player prices. And the money being generated is not matching that. It's not good paying off debts associated with buying the club or interest on those loans. But the way forward here is not by throwing more money in, it's by getting the stadium up and running and doing far more off the pitch to make us match the market leaders in merchandising and advertising.
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Not-Interested-Anymore
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« Reply #1297 on: 04-02-2010, 09:43:00 » |
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Oh I totally agree, but that's not gonna happen whilst we're still paying fortunes on interest etc. We need someone like DIC to come in with a long term goal to make the club as profitable as possible. That means buy the club with their own money, and put every cent of profit back in to the club until the clubs at the stage where it can stay competitive in the transfer market and can still pay them a big income every year. The club is only gonna be able to grow its revenue to high levels if it stays in the top 4, that's for damn sure, and under the current owners I don't think that will happen, sooner or later City will be a better team than us and we'll be out of the champions league. City will probably become better than us anyway with all their money, but if we can stay competitive we should be able to beat Arsenal to 4th.
If ShareLiverpoolFC bought us we'd be in a better financial position we are now. the club already turns a profit every year without the interest payments, all that profit would go on transfers or a new stadium, come on Rogan boy pull your finger out.
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Nosferatu
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« Reply #1298 on: 04-02-2010, 13:56:40 » |
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I think you have to remember is that the club rarely made a profit and when it did it was small. The only reason it is now is because first of all, it is generating more now than it has previous. And second because they weren't throwing money into signings over the last season or so. But they still managed to spend £20m more than they were making.
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Not-Interested-Anymore
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« Reply #1299 on: 04-02-2010, 15:10:23 » |
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Yes that has been the case in the past, but we are making a lot more than we ever have and it'll only get bigger with Purslow as MD. I truly believe he's the best thing that's happened to this club since sliced bread was invented. Think about it, going from 7.5million a year with Carlsberg to 20 million a year to Standard. Arsenal got 100 million for naming the emirates, he thinks we can get 250 million for ours. I bet this bloke can sell sand to the Arabs.
We made 10 million last year, sure that was mainly due to making a profit in the transfer window, but i'd like to see how much we've made this year, i'm sure it'll have risen again.
If it was a choice of the yanks not leaving and us getting 20 million to spend in the summer, or them leaving and SLFC not giving us a penny apart from player sales, I'd take the second one any day of the week. With a couple decent freebies I still think we could beat Arsenal to 4th or 3rd. I think we could even manage for a couple of years on freebies if it come to it. And all the time Purslow is increasing our revenue. Unless i'm mistaken, the club made a 10 million profit last year, thats gonna have increased by 13 million straight away just due to the shirt deal, i'm looking forward to the next set of accounts coming out to see where we sit.
I know it aint gonna happen, but long term the club would be better with the fans owning the club. I emailed Rogan taylor this morning to find out whats going on with this and that, i'm sure he'll reply within a few days, he did last time I emailed him.
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Nosferatu
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« Reply #1300 on: 04-02-2010, 16:13:49 » |
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Not-Interested-Anymore
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« Reply #1301 on: 04-02-2010, 16:53:30 » |
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That makes for good reading, lets hope the trend for the last few years continues.
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Nosferatu
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« Reply #1302 on: 04-02-2010, 18:05:08 » |
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There could be one issue with them though in that they are not entirely accurate. Moores was pouring money in too and I think it wasn't being reflected in the figures. There was £80m worth of debt associated with the club that Morgan was none too impressed when he looked at the books. So those figures might not reflect that.
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Nerik
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« Reply #1303 on: 04-02-2010, 18:11:45 » |
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You seem more impressed with that 80m than the 300m we are saddled with now.
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Nosferatu
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« Reply #1304 on: 04-02-2010, 18:30:41 » |
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It's not that I am impressed with their debt but I at least think there is a plan there to get the money in that will sustain the club in a financial manner. With the previous regime, the plan was to get the money in and spend it straight on the first team without really ever developing the club outside the pitch. These guys haven't been in too long but once they get some of their own people in, they straight away start getting the deals that match the top clubs out there instead of lagging behind like we were.
The smart arses out there will bring up the stadium but by not doing that, they have saved the club an awful lot in construction cost fees considering the boom market. With signs of recovery, that would be the case for too long though.
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