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ade on lucrative contracts somewhere regardless of how all this falls out that just leaves us the fans the only one s whose interest is promoted by a quick sale so that is a really long winded way of saying anything we can do to put pressure on rbs to effect a quick sale should be done but why would they sell quick if as you say they are making money every day the club is not sold i hear you say why would they listen to us well as their press release indicates they wouldn t coz there is no negative effect on them as a financial institution if we complain then take their fob off explanation and then do fuck all but if we continue to put pressure on them we can perhaps affect their bottom line government run they may be but they are a business and a business is about the bottom line if rbs senses they can continue the current arrangement unaffected they will do so if however they stand to lose money elsewhere via people pulling their accounts or suddenly find themselves the target of a negative media or even being publicly painted with the same brush as g h then that can affect their bottom line perhaps other businesses pulling their affiliations with them that is the only way we can make a difference and that is how we could have made a difference when g h took over but the simple facts are we all wanted a sugar daddy nobody well very few were accepting of the status quo and there was a clamor among the fanbase for a sale to new owners hell at one point we didn t even care that some fucker with a list of human rights violations pending against him was the go to guy the yanks were largely welcomed with open arms and no one wanted to know about corinthians and such and that information was raised but largely near completely ignored remember when the klinssman rumors surfaced the fans marched en masse there was a public outcry and better than 75 of the fanbase vocally supported rafa that is why g h backed down it is the only reason it was simply easier and more cost effective for the expedition to continue through the jungle with the thorn in their side than remove it and risk the lions smelling blood arthur you say fans couldn t have done anything about g h taking over but had 75 of the fanbase marched on anfield in opposition of g h as they did over klinssman it would have created an atmosphere where two thoughts just might have sprung to the front of the mind the first in the addled brains of g h fuck this these fuckers aren t passionate they re mental this shit is more trouble than its worth the second in moores and parry s pea sized brains fuck this let s go with dic or we might not get out of town alive but the fanbase welcomed g h in spite of the franchise and the global brand and the brand loyalty slip o the lips we heard what we wanted to hear custodians of the club and spade in the ground as we were looking over our shoulders at the chavs and scum disappearing over the horizon and either not noticing or completely ignoring the pale skin the blood stained shirt or the slight stench of death we said we don t give a fuck who you are and we don t require a background check just come on in and invited the vampires into the house when g h ousted him 50 of the fanbase had grown anti rafa but that 50 aided and abetted by a very anti rafa media made its voice heard as though it were 75 that 50 almost completely ignored the circumstances of the last 5 years and certainly the circumstances of the last year there was a building frustration and it provided the atmosphere in which g h could do what they d been wanting to do since the day they took over fire the mexican help it was what they d been waiting for that is why fs takes the position that those in the vociferous anti rafa camp are complicit and i m sorry if you were in that camp but whatever your reasons for being there you were in some measure complicit because of the simple failure to understand that being pro rafa for the last 6 months really meant being pro lfc and anti owners and by that i mean strictly having the forethought to be anti current predicament but that atmosphere was created and it released g h from the only shackles that held them from doing what they wanted and make no mistake one of purslow and broughton s primary objective s was find a way to get rid of him it remains to be seen where that leaves us all but our actions or inactions our unity or lack thereof will play a part how big a part well that s up to us each of us all of us aitch kopblog posted by khan at 1 43 pm no comments email this blogthis share to x share to facebook share to pinterest tuesday june 29 2010 good article on gloom on lfc fans forgotten troubles extended posted on may 9th 2010 by andy heaton by andy heaton and jim boardman fears amongst liverpool supporters that the appointment of martin broughton was little more than a ploy to buy more time from the banks certainly won t be eased following sunday times revelations that the latest loan extension from rbs was for a full 12 months new chairman broughton was ostensibly brought in to facilitate the swift sale of the club a sale in his words that should be completed in a matter of months if fans believed him and a few did for a short time until reality slapped them in the face again there d have been something to finally celebrate in a season no liverpool fan has enjoyed but the likelihood of that happening at torres speed looked extremely slim following a report in the wall street journal claiming tom hicks still expected the club to sell for up to 800m that was before the reds accounts were sneaked out last week showing overall debt of a staggering 473m and dashing supporters hopes of an end to this torture yet further to now find that the bank gave the owners at least 12 months to find a buyer who was willing to not only pay that outrageous asking price but to deal with that frightening debt leaves fans with heads in hands convinced there is no end to this nightmare have the owners persuaded the bank to stay off their backs long enough to see if the world markets recover the accounts showed the majority of the reds debt was to the bank an overall 238m outstanding but with a facility to increase that up to a potential 297m overall the club found itself hit with a 43m bill for interest during that year ending 31 july 2009 making an interest bill totalling 76m for the past two years alone to put that into perspective when liverpool announced details of a 60 000 seater stadium in 2002 the whole cost of the whole project was estimated at between 60m and 70m in two years the club has paid more in interest than that stadium would have cost to build staying on the subject of the stadium despite it still not actually existing it s costing more and more money every time another set of accounts is sneaked out this time another 22 3m went into what remains a figment of a dallas architect s imagination shovels never went into the ground large swimming pools never started to take shape but liverpool have so far thrown 45 5m at a stadium that might never be built the last attempt at building a stadium resulted in the club writing off 10 3m for the abandoned plans inherited by the current owners bringing the money wasted so far to 55 8m fans are understandably angered at these figures 76m in interest for two years 55 8m spent on a stadium yet to even have one ounce of steel bought for it a total of 131 8m spent by the club since the new owners came in on the very thing they were brought in for and they ve not it brought it they ve just taken coincidentally that pretend stadium figure is very close to the amounts the owners had claimed they d put into the club so far out of their own pockets co owner george gillett junior was recorded speaking to a supporter late last year about the state the club was in and claimed that he and his partner had put 128m in it wasn t all he claimed it s common knowledge recorded in legal documents that the two owners borrowed the money to buy the club a total of 298m was made available to them but gillett likes his fairy tales when we bought the club it was with our own money cash that comment alone was astounding even by gillett s standards twelve months later and that loan needed to be refinanced but anfield road believes gillett s financial situation wasn t quite as rosy as he d said when that first loan was taken out one of the sticking points in getting it refinanced was that hicks was no longer keen on signing a finance agreement on a joint and several basis and so began a feud that still hasn t ended the refinancing went through eventually with all but the initial purchase price put directly onto the club this half of liverpool s brothers grimm continued with his stories the club is extraordinarily good financial condition far better than united chelsea or arsenal we have put more money in than anyone more than man city with the craziness they have got if you hadn t heard the recording yourself you d assume this was all made up by someone out to smear gillett as a madman so wild were the claims but he made it all up himself and he wasn t finished the vast majority came from tom and me and our personal cash not the club not from borrowings it wasn t his only gem if i told you that arsenal by law cannot spend as much as we do united cannot spend any more than we can would you say we are under spending we didn t do what man united did they took all of their money from the player sale and owed so much money they had to use it to pay down the debt even when he eventually got something right he made it wrong we have put 128 million in to buy players on top of what s come in in the last 18 months even rafa s most loyal supporters would struggle to accept a season like the one now ending had he been given 128m plus the money coming in from any sales in the space of 18 months most of that money went on appeasing rbs by reducing some of that debt a few months later the managing director christian purslow backed up gillett s claims about the owners investment into the club he told spirit of shankly that last summer 2009 a large amount of debt was paid off by the owners personally at the same time they having by then invested some 130m it was agreed we would fund our transfer spending for the time being out of our own resources let s repeat again they ve not thrown anywhere near 130m of their own money into the pot for transfers the 130m shows up in the reds accounts as 145 3m but it shows as a debt they didn t put the money in as equity it s a loan from kop cayman the overseas parent company and for all we know was borrowed by them from some other source somewhere however they got hold of it they charge the club 10 interest on it and with none of the interest paid so far the debt is growing at a sorry rate hence the reason the 130m is now 145m is there anything else the club could use the odd 15m for players perhaps whilst the headlines of the last few days have again been dominated by hicks gillett broughton purslow part sales full sales boardroom showdowns past boardroom showdowns present transfer spend ins and outs but a distinct lack of sheikhs about the only ones seemingly not worthy of a mention are the ones who are really financing this whole sorry charade not the banks not the owners but the fans any deal that has the potential to keep afloat the bankrupt regime of george gillett and tom hicks can only be described as horrifically bad for the real custodians of the club as they are consigned to yet another season of soul destroying stagnation on the pitch in the vast majority of other businesses such disdain for the paying customer and corporate rape would have seen a company fail long ago as customers took their business elsewhere but as we have found to our considerable cost football is just not any other business the emotional blackmail of giving up on something that has been part of your life and has given you so much for so long proves too much to bear as we pay hand over fist for our season tickets sky and espn we are the marketing man s wet dream the ultimate brand devotee and don t those at the top just know it it s hardly as if we are going to write a strongly worded letter to the customer services manager threatening to start watching everton is it how they must laugh as we pay our 38 are told to sit down shut up and that we mustn t protest not that it matters though because they ve had our money anyway and like a victim of systematic domestic abuse we always come back for more and remember that is our 38 it s not a 38 that we borrowed off somebody else to be paid back by somebody else with us making a nice profit out of it having never even stuck our hands in our pockets we made sacrifices to find all those thirty eight pounds like we make sacrifices if we decide to buy our children all three of the brand new kits that will be out in the summer and for some fans you ll need to multiply that 38 by at least ten because that s the kind of money it costs to buy the ticket along with a 50 hotel room from thomas cook the club s official touts of course families like the hicks and the gillett s wouldn t get where they are in the world without trampling on a few thousand people along the way it s extremely doubtful we are the first or that we will be the last victims of these particular snake oil sellers we should have seen them coming and undoubtedly we won t be so easily fooled again but ultimately we are powerless to make a tangible difference despite the admirable efforts of spirit of shankly and a handful of clever resourceful and determined individuals who have at the very least been a major irritant to those guilty of tarnishing the name of liverpool football club change will only occur when they either find someone who is willing to pay the vastly inflated asking price for a struggling business or the royal bank of scotland decide to step in a put a stop to the corporate abuse of england s most successful football club wachovia are no longer involved with liverpool football club charging lfc 3 6m to be freed from existing agreements before rbs quite willingly assumed their 60m exposure last summer george gillett quite happily dismissed the spending of some spanish clubs that money is all borrowed from the government he said criticising the practice but rbs are now publicly owned and the fact they continue to support nay encourage the current owners of lfc is a stunning indictment of just how much risk banks will take chasing the mighty dollar how little they have learned from past misdemeanours and exactly what they think of the people that had to bail them out to the tune of 45 5 billion pounds a bail out that that was down to in the main irresponsible lending twisted accounting practices and greed sound familiar article from http www anfieldroad com news 201005093636 fans forgotten troubles extended html posted by khan at 12 05 am no comments email this blogthis share 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