hicks and Gillett

[Mr S]

I was talking to a senior administrator of LFC today. He told me that while he does not know all that goes on he does know the following:

 

1. There are very serious concerns about the renegotiation of the RBS debt. The word inside the club is that they are highly unlikely to be able to renegotiate it. There is even word that they are going to have to think about administration. Nobody wants to think about it but suggestions are that they might well have to.

Much of this, of course, we know but it's a reaffirmation.

 

2. Apparently the Sheik made a £500m take it or walk away offer to H and G last Friday. H and G walked away.

 

It's difficult to understand what their game is. If RBS don't renegotiate the debt then they are in serious trouble and will have to sell. But the chances are that the Sheik or anyone else is then going to drop the price and H amd G will lose out. So why don't they take the £500m ? Answers on a postcard please. I don't know, I just don't get their game.

[Chili Palmer]

if there were fears of administation they wouldn't turn down £500 million.

[downunder]

if there were fears of administation they wouldn't turn down £500 million.

 

I was talking to a board member last week, and says nothing has changed since March, not sure what that means but he didn't mention administration.

[Guest Ant]

Administration

 

f***ing Knew it.

[RP]

Can you talk us through all the implications of a company going into administration?

[Guest Ant]

Can you talk us through all the implications of a company going into administration?

 

Nope

 

But here is what concerns me the most of the whole process

10 Point Deduction

 

That good enough?

[RP]

 

Yeah, thought that'd be about the extent of it.

[CarraLegend]

Nope

 

But here is what concerns me the most of the whole process

10 Point Deduction

 

That good enough?

 

That would be the last thing to worry about.

[Guest Snorky]

 

Yeah, thought that'd be about the extent of it.

 

care to enlighten us then ?

[downunder]

I understand that RBS could force us to sell to any offer that is place rather than put us in administration, I could be wrong but someone did tell me that. Th person was s enior lawyer, and has nothing to do with LFC though.

[RP]

care to enlighten us then ?

 

 

I ask the questions round here.

[muleskinner]

I was talking to a senior administrator of LFC today. He told me that while he does not know all that goes on he does know the following:

 

1. There are very serious concerns about the renegotiation of the RBS debt. The word inside the club is that they are highly unlikely to be able to renegotiate it. There is even word that they are going to have to think about administration. Nobody wants to think about it but suggestions are that they might well have to.

Much of this, of course, we know but it's a reaffirmation.

 

2. Apparently the Sheik made a £500m take it or walk away offer to H and G last Friday. H and G walked away.

 

It's difficult to understand what their game is. If RBS don't renegotiate the debt then they are in serious trouble and will have to sell. But the chances are that the Sheik or anyone else is then going to drop the price and H amd G will lose out. So why don't they take the £500m ? Answers on a postcard please. I don't know, I just don't get their game.

 

Is this senior administrator a friend of yours or did you just happen to meet him, bring up the subject and he spilled a load of info? Just curious.

[Guest Snorky]

I ask the questions round here.

 

oh, is that what you call it ?

[RP]

oh, is that what you call it ?

 

 

It is.

 

the clue was the "?" at the end.

[downunder]

oh, is that what you call it ?

 

this site is like LFC - the owners arguing in public!

[RP]

LFC's owners don't speak.

[Chili Palmer]

this site is like LFC - the owners arguing in public!

 

 

its just not the ynwa way...

[RP]

Where's the multi multi billionaire offerring us £500mil, that's what I want to know.

Edited November 14, 2008 by RP

[Chili Palmer]

Where's the multi multi billionaire offerring us £500mil, that's what I want to know.

 

 

he thought he'd get more for his money buying TLW

[downunder]

Where's the multi multi billionaire offerring us £500mil, that's what I want to know.

 

Last seen ion Pakistan or Afghansitan, although he is/was an Arsenal fan? The Americans don't want to do business with him...

[Guest Snorky]

It is.

 

the clue was the "?" at the end.

 

But you can quite clearly see in your original question/post the '?' is missing.

[RP]

But you can quite clearly see in your original question/post the '?' is missing.

 

 

 

Hmmm.

 

 

 

"Can you talk us through all the implications of a company going into administration?"

[Guest Snorky]

Hmmm.

"Can you talk us through all the implications of a company going into administration?"

 

How can you do that ?

[Zoob]

This thread is confusing?

 

Maybe.

[RP]

What? Ask a question?

 

It's easy - you've even done it yourself, see?

 

And I've done it three times in this very post. It's a piece of p***.