If Liverpool go into administration

I will piss myself laughing

They are one of Britain and the Premier Leagues flagship clubs mate.

It wont happen, the government wont let it

Regrettably I think it will.

I think the High Court, on Tuesday, will make the decision that Gillette/Hicks do not have to sell something that they legally own.

This will mean that on the 15th October, unless a deal is struck, RBS can ask for their money back and the 9 pt deduction will follow if it cant be paid.

Hicks, from what I understand, has nothing to lose. If he sells he is in financial ruin in the US - (As he uses Liverpool as leverage against other loans) if he keeps the best price offered may not be enough.

I think the following will happen.

a) Hicks will win the Court case on Tuesday
b) The amount offered will not be enough to sell
c) RBS will subsequently ask for their money back
d) Administration with 9 points
e) Survival in the Premiership will come quite easily
f) New owners buy the club - albeit more cheaply.

If the premiership or government stops it from happening then portsmouth will be real fucked off, its a business at the end of the day, and if its been run badly then the premier league/government shouldn't bail them out to prevent it getting any worse.

I'd feel sorry for the fans if it happened, but I'd be glad to see a big team get some sort of punishment for how badly their club is being run. We've had a lot of stick for being heavily in debt and still managing to attract the names we have this season and be knocking on the door to the prem. Then look at Man Utd, in there for prem title every season and getting close to champions league success every season whilst being roughly £1billion in debt. Its no way to run a club

agree with most of the comments, its a wake up call that is well needed, we get chastised for our problems yet two of the biggest clubs in england are a mess due to yank ownership and clubs like chelsea & man city are bank rolled with ridicilous proportion

remember when the sunday papers were about what happend on the pitch and not the boardroom or strip club. football clubs were "football clubs" not "franchises" and players were "real men" not "playboys"

If the premiership or government stops it from happening then portsmouth will be real fucked off, its a business at the end of the day, and if its been run badly then the premier league/government shouldn't bail them out to prevent it getting any worse.

I'd feel sorry for the fans if it happened, but I'd be glad to see a big team get some sort of punishment for how badly their club is being run. We've had a lot of stick for being heavily in debt and still managing to attract the names we have this season and be knocking on the door to the prem. Then look at Man Utd, in there for prem title every season and getting close to champions league success every season whilst being roughly £1billion in debt. Its no way to run a club

If the government has a word in the shell-like of the High Court, we'll never
know. But imagine how damaging for Britains Football reputation it would be
if the great LIVERPOOL went into admin. World Cup bids to come etc... Its
how things work. Pompey, sadly, had no such high profile!

By the time 2011 comes round the government has been estimated to be in roughly £1.1trillion in debt. With them relying on the taxpayer to get them out of it, I don't think they would be very popular to spend money on helping a football club, when a lot of people in britain don't like/watch football.

i wish people would get the facts right before posting.

rbs have threatened hicks/gillett that if they do not sell the club they will foreclose on the loan they took out to buy the club.

they will not be deducted 9 points because it is a personal loan in the name of hicks/gillett not liverpool fc and the fa have confirmed this. (similar to that of langstons)

rbs have told hicks/gillett that the size of the debt outweighs the clubs value and that they have in effect negative equity.

they will lose £144m if/when the club is sold for £300m.

i wish people would get the facts right before posting.

rbs have threatened hicks/gillett that if they do not sell the club they will foreclose on the loan they took out to buy the club.

they will not be deducted 9 points because it is a personal loan in the name of hicks/gillett not liverpool fc and the fa have confirmed this. (similar to that of langstons)

rbs have told hicks/gillett that the size of the debt outweighs the clubs value and that they have in effect negative equity.

they will lose £144m if/when the club is sold for £300m.

Jamie. I thought the threat was if Liverpools parent comapny, the one owned by Hicks/Gillette where the RBS loan is, goes into administration then this would result in a 9 point deduction for the club.

i wish people would get the facts right before posting.

rbs have threatened hicks/gillett that if they do not sell the club they will foreclose on the loan they took out to buy the club.

they will not be deducted 9 points because it is a personal loan in the name of hicks/gillett not liverpool fc and the fa have confirmed this. (similar to that of langstons)

rbs have told hicks/gillett that the size of the debt outweighs the clubs value and that they have in effect negative equity.

they will lose £144m if/when the club is sold for £300m.

Jamie. I thought the threat was if Liverpools parent comapny, the one owned by Hicks/Gillette where the RBS loan is, goes into administration then this would result in a 9 point deduction for the club.

the loan is secured against their other business interests not LFC, some forward thinking bank manager insisted on this.

i wish people would get the facts right before posting.

rbs have threatened hicks/gillett that if they do not sell the club they will foreclose on the loan they took out to buy the club.

they will not be deducted 9 points because it is a personal loan in the name of hicks/gillett not liverpool fc and the fa have confirmed this. (similar to that of langstons)

rbs have told hicks/gillett that the size of the debt outweighs the clubs value and that they have in effect negative equity.

they will lose £144m if/when the club is sold for £300m.

Jamie. I thought the threat was if Liverpools parent comapny, the one owned by Hicks/Gillette where the RBS loan is, goes into administration then this would result in a 9 point deduction for the club.

I think you're right. The loan is for Kop Holdings, the parent company which Hicks and Gillette set up when they bought the club. So similarly to Southampton to a few years ago, the parent company of a football club is treated as being the club albeit in a different name and if this goes into administration then the club does and a points deduction will follow.

The loan is taken out against Kop Holdings, the parent company of Liverpool FC. Because the club is their only asset the premier league can deduct points for the parent company going into administration.

rbs are not threatening to put the club into admin, they are going to take ownership of the club.
there is a big difference.

RBS will place kop holdings into admin to release the money to them.

http://news.bbc.co.uk/sport1/hi/footbal ... 077048.stm

The Kop Shop will be financially ruined!

Jam, a bit silly to accuse other people of getting t facts wrong when it's u who has! Our finances as a football club were not as bad as t holding company, but ad they were inextricably linked (t holding company had no reason to exist other than because of CCFC, then if t holding company goes into admin, so does ccfc. The Southampton scenario was similar to this, while w ham was different last season because the holding company encompassed various other businesses other than w ham which caused it problems as opposed to w ham who were solvent and not t cause of t admin for t holding company. While Liverpool fc is solvent, t only reason for them to exist is because of Liverpool fc so r inextricably linked. Been arguing this with a Liverpool fan friend of mine for t last week who pointed out that t much respected football finance expert said they wouldn't go into admin for t misguided and incorrect reasons jam says, I do wish people who should now an awfully lot more than they do would check their facts, let alone rogue messageboard enthusiasts

wether or not people on this board have got their facts right or not we cant get away from the real issue here....





IT WILL BE SO FUNNY IF LIVERPOOL GO INTO ADMIN

wether or not people on this board have got their facts right or not we cant get away from the real issue here....





IT WILL BE SO FUNNY IF LIVERPOOL GO INTO ADMIN

FULLY AGREE