Moores

[AJ The Red]

Can anyone explain why moores sold the club?

 

From the rumblings in the paper etc if they are true we are going to be no better off

than we were.We havent seen any big investment in players yet and it looks like we

are going to be plunged 500m into the red.With the debt to be financed by the club.

 

Either the tabloids have it wrong or moores has been sold down the river?

 

I know its prob a bit early to be having a go but a glazer type debt is not what i would

like to see at the club.Anyone have any concrete info on whats going on behind the

scenes?

[Sion]

Are you suggesting we should have been looking for investors to pay for a new ground entirely out of their own pocket? as well as giving substantial money for players and resepcting the values of the club, because I doubt anyone like that exists.

Edited November 4, 2007 by Sion

[AJ The Red]

Not suggesting that just i was kinda happy with moores.

 

When the takeover talk was on it was all about not straddling the

club with debt but things dont look this way in the papers.We got

taken over to compete if we have a massive debt to service we

may not be able to for a long time.

 

Just cant see any benefit at the moment it the debt issue is true

[Sion]

Not suggesting that just i was kinda happy with moores.

 

When the takeover talk was on it was all about not straddling the

club with debt but things dont look this way in the papers.We got

taken over to compete if we have a massive debt to service we

may not be able to for a long time.

 

Just cant see any benefit at the moment it the debt issue is true

 

How do you think we were going to afford the stadium under Moores? When he sold the club we had substantial debt, this would have increased with the building of the crappy bowl design. Add to that we would have had less money for transfers - meaning probably no Torres.

 

Personally I am very happy with G&T. They've helped finance player purchasing, have given us a great stadium design, possibly 16k extra seats as well.

[Guz]

Surely the point was Moores could not afford to pay for the stadium (by any means) and paying upto or over £10m for a player was difficult, as demonstrated by the trouble we went through to sign Kuyt. Already we've signed Torres and Babel for whatever it was we paid and are making significant progress on the new stadium. Surely that's progress forward and whether that will continue in the medium/long term is only something we can wait and see on.

[Skillz]

Surely the point was Moores could not afford to pay for the stadium (by any means) and paying upto or over £10m for a player was difficult, as demonstrated by the trouble we went through to sign Kuyt. Already we've signed Torres and Babel for whatever it was we paid and are making significant progress on the new stadium. Surely that's progress forward and whether that will continue in the medium/long term is only something we can wait and see on.

 

He could not get the funding organised because he has no companies of his own other than LFC. eg limited income from investments only. Fund managers would of seen him as a risk.

[honourablegeorge]

He could not get the funding organised because he has no companies of his own other than LFC. eg limited income from investments only. Fund managers would of seen him as a risk.

 

 

Yet G&H are refinancing the loan, so that the debts incurred from the stadium costs AND the cost of the takeover will be borne by the club - probably twice as much debt as Moores would have needed to build the stadium.

 

And Bascombe in the NOTW apparently wrote a piece about how G&H don't intend putting ANY of their own money into the club for transfers. And that budgets for January depend on CL qualification.

[Tones]

Yet G&H are refinancing the loan, so that the debts incurred from the stadium costs AND the cost of the takeover will be borne by the club - probably twice as much debt as Moores would have needed to build the stadium.

 

And Bascombe in the NOTW apparently wrote a piece about how G&H don't intend putting ANY of their own money into the club for transfers. And that budgets for January depend on CL qualification.

 

I wouldnt believe anything in the NOTW

[honourablegeorge]

I give it a bit more credence when the articles come from Bascombe

[Kite]

... When he sold the club we had substantial debt...

To be fair, we had very little debt when Moores sold the club, it certainly was not "substantial".

 

I give it a bit more credence when the articles come from Bascombe

Why? He got it completely wrong last summer (and sounds like it was the same article he wrote then too), what's changed now that he's joined a national tabloid?

[honourablegeorge]

What did he get wrong?

[Spiblish]

What did he get wrong?

 

We would be signing Forlan as we did not have enough to buy Torres for a start!!!

[honourablegeorge]

Suggested Forlan was being looked at, aye. he was right that the new owners wouldn't be making any extra money available - we very much had to sell before we could buy.

[Mike]

Suggested Forlan was being looked at, aye. he was right that the new owners wouldn't be making any extra money available - we very much had to sell before we could buy.

 

dont think we did this year

[AJ The Red]

We only outlaid 21m in the summer im sure moores could have afforded that.

 

All im thinking is that surly there were some guaratees in place before the

takeover, maybe the papers are wrong i dont know .but i know one thing,we

were all laughing at the scum when the yanks took over and it could bite our

own arses.

[honourablegeorge]

Worries me that the new owners has thus far broken every single promise they made. And David Moores is sat in his honorary seat, saying nothing about any of it.

[Maldini]

They've not broken any promises yet

[honourablegeorge]

No debt on the club? Manager "dining at the top table" fro tranfers, yet couldn't get any backign for the first month of the window? Gillett waving wads of cash about in front of the press like a braying fool, yet refusing to put any extra money into the kitty for transfers?

[Huyton_Red]

There is a big house for sale, it costs £1.5 million

 

I want it, but can not afford it because I can not borrow that sort of money from the bank to buy such a spectacular house, I also do not have cash to put up front to the mortgage company as a deposit. I am david moores.

 

George and Tom come along and have the cash for the deposit and the clout to borrow so much money, they also have some more money saved up to get the house decorated and a new kitchen called 'torres'

 

Hope this helps

[Bailo]

dont think we did this year

I hope we didn't but I suspect Bellamy was a "profit" sale.

[honourablegeorge]

There is a big house for sale, it costs £1.5 million

 

I want it, but can not afford it because I can not borrow that sort of money from the bank to buy such a spectacular house, I also do not have cash to put up front to the mortgage company as a deposit. I am david moores.

 

George and Tom come along and have the cash for the deposit and the clout to borrow so much money, they also have some more money saved up to get the house decorated and a new kitchen called 'torres'

 

Hope this helps

 

Do you have a point to make, aside from being patronising?

[Huyton_Red]

Do you have a point to make, aside from being patronising?

 

I explained, in simple terms, why we have new owners

 

But obviously, it was not simple enough eh

 

Where are those crayons

[honourablegeorge]

I explained, in simple terms, why we have new owners

 

But obviously, it was not simple enough eh

 

Where are those crayons

 

 

I'm more than aware why we have new owners. Do you have anythibg to say on the subject of them breaking the promises they made, or will you just continue with your patronising irrelevance?

[Huyton_Red]

I'm more than aware why we have new owners. Do you have anythibg to say on the subject of them breaking the promises they made, or will you just continue with your patronising irrelevance?

 

They have not broken any promises

 

They ripped up a stale, unimaginative, sealed 60,000 capacity bowl design and gave us a stunning 76,000 seater space ship

 

They gave us fernando torres for £26.5 million

 

etc etc

 

PS they are not adding the whole cost of buying the club into the new loan either are they.

Edited November 5, 2007 by Huyton_Red

[theredfella]

G&H aren't putting any of their own money into transfers, all they're doing is guaranteeing against the loans the club are taking out to buy the players.

 

Which, in fairness, is what Abramovich does at Chelsea and exactly what you'd expect men like that to do. Nobody got richer spending his own money hand over fist.