Liverpool - not 2009/10 but the next season after that

He is loyal. (for the moment anyway).

Kuyt possibly out for a few weeks with shoulder injury. Maxi will deputise out on the right for him Iā€™d presume?

That was pure muck yesterday. Those 2 goals deflected from a miserable display, Where we were taken to the cleaners by an average Man utd side.

The left back spot is still a worry and Utd got an amount of joy down that flank. Granted Torres won the peno and the free but he is still way out of sorts. Gerrard and Cole were average from play and the team as a whole looks clue-less at the minute. I thought Poulson and Meireles were ok.

Great second goal from Berbatov in fairness, and UTD fully deserved the win. Cunts!

Hodgson OUT!!

I really hope Loserpool donā€™t do a Leeds. :lol:

Farewell Enda Kenny.

The new statue outside Anfieldā€¦

http://oneyearbibleimages.com/jesuswept2.jpg

I have never in my life time seen a Liverpool team perform as woeful as they have this season. With the off field problems to boot, itā€™s fair depressing.

Hodgson is coming out with pure muck in his post match interviews defending his non existent tactics. The only tactic I see is 10 men behind the ball. No ideas, no service up front.

A Liverpool team sent out to contain the likes of Northampton, W. Brom etc WTF??? And Played off the park by both too.

I know he needs to be given time but to be honest I dont think I am gonna like the end result. A boring man, and I would prefer if he fucked off. I always thought he was just a

stop gap anyway but what state will club be in by the time he leaves.

If you look at the first 11 that took the field against Sunderland, then it is actually pretty decent. I think Meirelles looks decent enough but we are a team without a drop of confidence. A terrible season last year, conceding a late and poor equaliser against Arsenal, hammered by City, conceding late to United, knocked out by Northampton - it is just a snowball effect.

It is too early to judge Hodgson. It was always going to take a lot to turn Liverpool around after last seasonā€™s disaster. I would look at the situation at Christmas and if we are in the bottom half still (which I wouldnā€™t rule out!) then you have to ask questions. If we are still in contention for fourth then leave him there until the end of the season. Lest not forget we have had a very tough start - Arsenal, Man City and United in the first five matches.

Also what is it with the English media constantly having a go at Torres?

In fairness to Alan Shearer, he defended him on MOTM2 after the United match where he said that he is bound to get frustrated with the delay in the ball coming into him, and that he is undoubtedly pure class. Ever since Jamie Redknapp had a pop after the Birmingham match, every match report seems to mention ā€˜an out of sorts Torresā€™ or ā€˜Torres missed a chance he would have slotted away beforeā€™. Torres always looks out of sorts, and then he bangs in a goal. That is the type of player he has always been. I donā€™t recall him missing too many chances this season either.

I see Jovanovic wants to leave the club already due to not getting enough games and missing life in Liege.
Im dreading January already, god knows how many of them will want to leave.

Fuck him - heā€™s shite anyway.

I wouldnā€™t give a shite about him really but I reckon alot of the top players (if there are any) will start to get uneasy too over the state of the club and its poor run.

Basically WERE FUCKED!!

Liverpool FC facing five October Debt Day scenarios

Oct 2 2010 by Luke Traynor, Liverpool Echo

WITH Liverpool FC continuing to struggle on the pitch, the battle for control off it is seen by many fans as vital to a revival in fortunes.

This month is regarded as crucial in settling the long-term ownership of the club with the expiry date for the Royal Bank of Scotlandā€™s Ā£237m loan to Liverpoolā€™s American co-owners possibly less than a fortnight away.

The majority of fans hope an inability to pay off that loan will force Tom Hicks and George Gillett out of Anfield, allowing a new owner to take the club forward, hopefully with that crippling debt removed.

But there is a fear Tom Hicks could even raise extra finance to take over the club on a solo basis, regardless of the sever reservations of the rest of the LFC board.

Today, we examine the five potential scenarios which could soon unfold at Anfield. You can also vote on which of them you want to happen, and which is most likely, by clicking here.

Some finance experts envisage that the October deadline could pass without any firm resolution about the Redsā€™ future established.

James Dow, a partner in the northwest accountancy firm Dow Schofield Watts who has advised Barcelona and Celtic, described Liverpoolā€™s predicament as a ā€œstand-off.ā€

And he predicted it may take many more months for the ownership to be clarified, possibly dragging the uncertainty even until summer, 2011.

Mr Dow told the ECHO: ā€œIf Hicks can find finance, I donā€™t think any lack of support from the board will make a difference.

ā€œBut for now, a deal isnā€™t happening as thereā€™s a stand-off going on.

ā€œLiverpool are in a no-manā€™s land.

ā€œBut ultimately, this could drag on and on, and not even be resolved until next summer.ā€

Royal Bank of Scotland call in the debt

THE Royal Bank of Scotland call in their Ā£237m debt, and effectively repossess Liverpool FC ā€“ in much the same way a bank would repossess your house if you defaulted on your mortgage.

This, however, would likely be a temporary arrangement, with RBS maintaining the current English board structure and Hicks and Gillett removed from the picture.

Observers speculate it would give the bank time to quickly find a more realistic buyer for the Anfield club, drastically bringing down the sale price from the lofty Ā£500m-Ā£600m currently being touted by Hicks.

ā€œInterested partiesā€ are likely to ā€œshow their handā€ once figures of around Ā£300m, thought to be a more realistic estimation for Liverpool, are proposed.

The Americans would doubtless launch their own legal challenge if RBS took over running of Liverpool.

Kop Holdings goes into administration

ALTHOUGH unlikely, the bank could technically place Kop Holdings, Liverpool FCā€™s parent company, into administration.

But the ECHO understands the Premier League would not view that move as Liverpool Football Club itself being declared insolvent.

Regular discussions have been taking place between Liverpool chairman Martin Broughton and league chief executive Richard Scudamore.

The Reds have been seeking clarification on what would be the potential scenario if RBS took temporary charge at Anfield.

Sources have indicated a nine-point deduction, threatened to football clubs when they go bust like Portsmouth last season, would not materialise.

League chiefs crucially consider the debt to rest squarely on the shoulders of Tom Hicks and George Gillett, co-chairman of the club and owners of Kop Football Holdings.

Managing director Christian Purslow has repeatedly said that there is no prospect of Liverpool Football Club going into administration.

Speaking last week he said: ā€œWhen we sell the business the debt will be reduced or go away which will make us the most profitable club in the Premier League. Liverpool is not going bust.ā€

As Liverpool has proved they have steady revenues ā€“ TV rights money, ticket sales, sponsorship ā€“ the club would avoid incurring any penalty.

Although Steve Horner, of campaign group Kop Faithful, said: "I am sure that the majority of Liverpool fans would settle for a nine-point deduction if it meant that Hicks and Gillett would never darken our door again.

New buyer comes forward

A BIDDER puts forward a package to buy Liverpool which is considered acceptable by the Reds board before Octoberā€™s refinancing deadline.

With the structure of the board crucially changed during the summer, Broughton, Purslow and Ayre could now out-vote the Americans.

The only formal offer made for Liverpool came from the Rhone Group in March when they proposed to pay Ā£110m for a 70% stake in the club, making the Americans passive shareholders.

In many Anfield quarters it was considered a ā€œsolidā€ proposal to pay down a portion of the debt and make transfer funds available.

That bid was dismissed by Hicks and Gillett, and tellingly, the make-up of the board changed after the event, allowing the English board members to effectively out-vote the owners. A proposal from Chinese mogul Kenny Huang and QSL Sports company was withdrawn in August.

It was said to be for Ā£325m, but the ECHO understands it failed to impress the Anfield board who considered it incomplete and not supported by genuine finance, although it is hoped it may be resurrected.

With consortiums, possibly just two currently in dialogue with Liverpool, biding their time before the club price falls, a bid before deadline remains improbable.

The Americans themselves had lent Ā£145m to Kop Football Holdings. But at the insistence of RBS in one of the previous refinancing rounds, the Americans converted the loans into equity.

Add the Ā£145m to the Ā£237m owed to the banks and around Ā£30m of penalty charges, and the Americans must sell for more than Ā£410m to merely break even.

Refinancing

ROYAL Bank of Scotland agrees to extend the refinancing deadline to give Tom Hicks time to establish new sources of funding (effectively debt).

Liverpool FC officials view this step as the ā€œworst possible scenarioā€ for the club and Christian Purslow has consistently said would be opposed by the board

This extension could be anything, starting from just a couple of weeks to allow the club to be sold to a bidder needing more time to complete due diligence before a purchase.

It could be longer if RBS finds the prospect of taking over or forcing administration to be unpalatable or too legally complex.

The bank, however, could potentially place caveats on any extension, for example that the Americans are forced to accept lower offers than the figures they are currently seeking.

With the prospect of legal challenges, RBS may have little choice but to extend temporary finances.

Hicks pays off the debt

TOM Hicks manages to raise the appropriate funds to pay off the Royal Bank of Scotland debt and retains ownership of the club.

The English members on Liverpoolā€™s board ā€“ managing director Christian Purslow, chairman Martin Broughton and commercial director Ian Ayre ā€“ would almost certainly lodge objections against such a move if any new debt was secured against the assets of Liverpool FC.

They have already consulted solicitors regarding blocking a new financing package from the Texan.

But how successful such a challenge would be remains untested as some law experts told the ECHO covering the RBS debt would give him ā€œcarte blancheā€ to rip up the existing board structure and appoint new members of his choice.

Privately, Liverpool view Hicksā€™ attempts to persuade a private equity company to shoulder the Ā£237m arrears as highly unlikely.

The easiest way for Hicks to retain control of the club is for him to raise the finance himself, without securing it against the clubā€™s assets.

This has sparked fears about his intentions in creating a new investment company for which he is currently trying to attract investors.

According to papers registered with the USAā€™s Securities and Exchange Commission, Hicks Acquisition Company II is seeking to raise $230m (Ā£145m).

Shares are being offered for $10 in the ā€œnewly organised blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganisation or similar business combination with one or more businesses.ā€

The initial public offering papers also warn prospective investors that ā€œinvesting in our securities involves a high degree of riskā€.

The company is registered at the same address as Hicks Holdings ā€“ from where Hicks conducts his business affairs.

The underwriters for the deal are Citi Bank and Deutsche Bank Securities, with the company expected to start trading on Thursday, October 7.


Yanks, but no thanks!

Its just gone from bad to worse

I just cant get my head around his tacticsā€¦ sitting back and leaving the oppostion have the ballā€¦ No pressure. Whatever about against the bigger teams, at home to Blackpoolā€¦ West Brom etc Absolute fucking wank.

Iā€™d rather he walked away now please. I know this puts us back to square one but little Sammy would do a better job till seasons end.

The problem with liverpool is similar to Forests circa ten years ago; they still believe they are a ā€˜bigā€™ club who should be winning everything. They have stood still while the game and the business of the game has progressed. They will only start to move forward again when they realise that they are miles behind the rest. They can blame owners, managers etc all they like but ulimately its their supporters and their vastly over inflated opinion of themselves and their average(at best) football club that is the root cause of their ongoing decline.
They are the architects of their own demise.

Poor .

Your off the mark there. I think youā€™ll find the supporters have been hovering over the panic button for some time now. Protest upon protest have gone unheard since the new owners took over. I donā€™t think the supporters have had high opinions of the club in about two decades bar a small while after the champions league win. They will always admit improvement was needed.

I donā€™t know what to say about today, I donā€™t even want to read about it. So disappointing.