To be fair, Spurs were adding to their squad.
We were selling 2 (sometimes 3) to fund 1.
Liverpool could face points deduction
- Thread starter cymatty
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To be fair, Spurs were adding to their squad.
We were selling 2 (sometimes 3) to fund 1.
Didn't Liverpool have their debts cleared though (£45milion) as part of the buyout?
Liverpool finished last season with 63 points.
Or 1.65 points per game.
As it stands they are earning 0.85 points per game.
If at this point they were docked 9 points, that would leave them on -3 points (as it stands) with 31 games to go, meaning if things DONT improve on the pitch they would be in a position of potentially having (if they carry on as badly as they are) 26-27 points at the end of the season.
In fact, if things dont improve, regardless of a points deduction, their average points per game will take them down anyway.
Thats got to be scary for a prospective buyer with no experience of even kicking a football in the park, let alone running a PL club.
As it stands, even if they do buy the club, I dont think the group has the money to invest the kind of money needed to turn the club around in time.
Players are not going to stay at the club fighting relegation and top quality are not going to come the other way regardless of the cash waved in their faces.
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Yes however this debt was placed back onto the football club shortly after the takeover (as part of the seperate loan I mentioned in my last post).
The debt in question is the ~£180m cost of acquiring the shares plus a further ~£20m in fees and charges that have built up over time.
The bank debt on the holding company is purely the debt H&G took on to purchase Liverpool, not debt Liverpoll had or have since created. All of that debt is secured on the club, paid by the club and most importantly, is not due to be repaid on Friday.
I think it would be pretty disgraceful if the holding company went into administration and they didn't get a points deduction, the FA has been clear that where there is a strong link between the two (and there absolutely is here) then it's a valid case for the penalty.
Plus if they opened that can of worms Southampton would be taking the FA to court the next day for damages since they were punished for exactly the same offence. There's no room for favouritism here just because it's a big club.
Plus if they opened that can of worms Southampton would be taking the FA to court the next day for damages since they were punished for exactly the same offence. There's no room for favouritism here just because it's a big club.
West Ham already went into Administration and didnt get a point penalty, so there is precedence.
No can of worms would be opened for Southampton because Southampton were not deducted points by the Premier League, they were deducted points by the League under a different set of rules regarding administration. IF it was another league team then perhaps Southampton would have a case but it isnt, so they dont.
West Ham was a very different case. Their holding company also owned other assests and it was the failure of these that caused the holding club to go into administration, absolutely nothing to do with the football club. Liverpools holding companies only asset is the football club, much like Southampton. However with Southampton the debt was clearly caused by the operation of the football club which ins't really true in Liverpools case.
Dingdingdingding. This is kinda the key here.
Nevermind unlikely...its more concrete than that. The Premier League have already said weeks ago specifically regarding Liverpool that they wouldnt get a points deduction should they move into administration during the take over process. I'm really quite at a loss why it is that people are still even thinking that they might, given that the very people who would impose a points deduction have already said that they wont. Seems to be a closed issue to me. (much to the disappointment of a lot of Liverpool haters I suspect
)Nevermind unlikely...its more concrete than that. The Premier League have already said weeks ago specifically regarding Liverpool that they wouldnt get a points deduction should they move into administration during the take over process. I'm really quite at a loss why it is that people are still even thinking that they might, given that the very people who would impose a points deduction have already said that they wont. Seems to be a closed issue to me. (much to the disappointment of a lot of Liverpool haters I suspect
I thought the same but it was widely reported in the press that this wasn't the case anymore.
eg. http://www.guardian.co.uk/football/2010/oct/09/liverpool-john-w-henry
Guardian said:
Yeah..."widely reported" but without any actual official statement from the PL to counter their original statement. More like "widely scaremongered whilst avoiding providing any actual truthful source in order to sell the story" more like
What made the original story about them not docking 9 points any more credible?
I mean, I'm erring on the side that they won't, as it would be extremely harsh otherwise, but you can't really say "Oh this new story isn't official", when all I ever saw of the original story was a short post on one of the Guardian's blogs. It wasn't a PL official statement, was it?
I mean, I'm erring on the side that they won't, as it would be extremely harsh otherwise, but you can't really say "Oh this new story isn't official", when all I ever saw of the original story was a short post on one of the Guardian's blogs. It wasn't a PL official statement, was it?
Because it was an actual quote by a member of the premier league rather than a "oh someone said something but we aren't willing to actually show you a quote by them for fear of being sued because they haven't actually said what we are quoting"
The fact that the original was an actual quote makes it more credible than articles which aren't willing to provide a quote of what someone supposedly said.
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We'll see in the next few days if liverpool will be docked 9 points or not . The only worry is how will the team perform if we are docked points because the players heads could drop and they might want to leave a.s.a.p .
considering we had debt of less then £30mill when the yanks purchased the club.IINM the football clubs net debt is ~£40m.
And even if it was £100m or even £500m, I can't see how that would effect the PL's decision seeing as it's not due to be repaid
Anyway, I think we don't need to worry about this anymore
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Surely its against RBS's best interests to force administration anyway - with at least two purchasers waiting in the wings
(ie both parties would surely expect a hefty discount on the purchase price IF club was forced into administration, therefore RBS getting less money back on their loans. Yes it can be argued that some money is better than no money, but I think its been proven that both parties are able to offer/pay the amount they have bid so far - £300m / £320m )
Wondering whether Mr Lim's bid is being discounted ONLY because his money was mainly made from Man Utd themed bars around Asia (even though he seems to be offering the most cash (and to pay off the RBS debts completely according to reports anyway)
Dont believe Liverpool would ever get docked the points - they are in enough do do already even without that added issue
(ie both parties would surely expect a hefty discount on the purchase price IF club was forced into administration, therefore RBS getting less money back on their loans. Yes it can be argued that some money is better than no money, but I think its been proven that both parties are able to offer/pay the amount they have bid so far - £300m / £320m )
Wondering whether Mr Lim's bid is being discounted ONLY because his money was mainly made from Man Utd themed bars around Asia
(even though he seems to be offering the most cash (and to pay off the RBS debts completely according to reports anyway)Dont believe Liverpool would ever get docked the points - they are in enough do do already even without that added issue