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-   -   Football Season 2010/2011 (https://www.cableforum.uk/board/showthread.php?t=33667905)

Damien 06-10-2010 21:33
Re: Football Season 2010/2011
 
Quote:
Originally Posted by TheDaddy (Post 35104556)
Not so clever Trevor

Steve McClaren could manage the England national team again, according to the Football Association's director of football development Trevor Brooking

http://news.bbc.co.uk/sport1/hi/football/9066019.stm
Not sure it's that absurd. He continues to do well abroad, like he did here before he become manager of the national team. It's won't happen of course, he knows better than to be England manager again and then their is his previous record, which although poor often overlooked the difficultly of the group. Besides, as the press often point out, This is a guy who uses an umbrella in the rain what kind of prat does that?

sherer 06-10-2010 23:04
Re: Football Season 2010/2011
 
Quote:
Originally Posted by Damien (Post 35104822)
Not sure it's that absurd. He continues to do well abroad, like he did here before he become manager of the national team. It's won't happen of course, he knows better than to be England manager again and then their is his previous record, which although poor often overlooked the difficultly of the group. Besides, as the press often point out, This is a guy who uses an umbrella in the rain what kind of prat does that?
The tabloids have blown this out of all proportion. I think Sir Trevor was asked if he could manage the team again and he said he is continues to do well he wouldn't be excluded

TheDaddy 07-10-2010 01:28
Re: Football Season 2010/2011
 
Quote:
Originally Posted by Damien (Post 35104822)
Not sure it's that absurd. He continues to do well abroad, like he did here before he become manager of the national team. It's won't happen of course, he knows better than to be England manager again and then their is his previous record, which although poor often overlooked the difficultly of the group. Besides, as the press often point out, This is a guy who uses an umbrella in the rain what kind of prat does that?
Yes what kind of prat indeed....

http://www.youtube.com/watch?v=2ZnoP4sUV90

TheDaddy 08-10-2010 12:49
Re: Football Season 2010/2011
 
Quote:
Originally Posted by Uncle Peter (Post 35104520)
It's looking unlikely that administration is anything other than the bank's trump card at this stage. To quote Martin Broughton earlier today when asked about Tom Hicks attempt to replace two of the non owner board members in favour of the sale:

"We don't think it was valid to do it. Essentially when I took the role they gave a couple of written undertakings to Royal Bank of Scotland. Those written undertakings included that I was the only person entitled to change the board and that was written into the articles of the covenants, and also that they would take no action to frustrate any reasonable sale. And I think they flagrantly abused both of those written undertakings."

http://www.liverpoolfc.tv/news/lates...n-takeover-q-a

Even if, by some unimaginable reason the judgement went against the board, by this stage RBS would be within their rights to force Kop Holdings (the club's holding entity and debtor in question) into administration.

Following some of the journo twitters this morning it seems that there are noises coming from the Premier League that they won't apply the 9 point penalty because the club is still a solvent, trading entity. I expect this little snippet of information has been circulated to put the frighteners on the two parasites, ie: they have no options left. They're surrounded now and the snipers are on the roof but the war isn't over yet.
That's what I thought but now this breaks

http://news.bbc.co.uk/sport1/hi/foot...ol/9074311.stm

Also

Manchester United has reported an annual pre-tax loss of £79.6m, hit by one-off finance charges and reduced revenues from the sale of players

http://www.bbc.co.uk/news/business-11499023

yesman 10-10-2010 00:35
Re: Football Season 2010/2011
 
This is totally absurd....

Quote:
NESV's proposed £300m takeover is set to be opposed in the High Court next week by Liverpool owners Tom Hicks and George Gillett.
Their parent company Kop Holdings owe £280m to Royal Bank of Scotland (RBS) and must pay by 15 October.
If the American duo are successful in blocking the proposed sale, or if it is delayed beyond next Friday, RBS may place Kop Holdings into administration to release the money owed to them.
Because the club is the only asset of Kop Holdings, the Premier League would then be likely to deduct nine points, leaving Liverpool on -3 points and bottom of the table after a dismal start to the season.
It now appears this could dissuade NESV from concluding any sale. Broughton said on Friday he fears the club is at risk of entering administration, leaving it devalued and "wide open to predators".
This coming week will be the most important in the existance of Liverpool FC.

I hope Liverpool FC come through this for the sake of the supporters and the club.

http://news.bbc.co.uk/sport1/hi/foot...ol/9077048.stm

Uncle Peter 10-10-2010 03:04
Re: Football Season 2010/2011
 
Quote:
Originally Posted by yesman (Post 35106645)
This is totally absurd....



This coming week will be the most important in the existance of Liverpool FC.

I hope Liverpool FC come through this for the sake of the supporters and the club.

http://news.bbc.co.uk/sport1/hi/foot...ol/9077048.stm
it's the pre court case PR circus as expected. Hicks holding out until the last for a better deal and bits of info being strategically leaked to try and pressure him into backing down. Hopefully this will break him and his despicable family for good. Gillett is already finished.

punky 10-10-2010 09:54
Re: Football Season 2010/2011
 
I don't get the points deduction.

I thought it was confirmed earlier that they wouldn't get points deducted as they weren't insolvent (like West Ham didn't). Now the papers seem very sure that it's at least likely.

Damien 10-10-2010 10:14
Re: Football Season 2010/2011
 
Quote:
Originally Posted by punky (Post 35106717)
I don't get the points deduction.

I thought it was confirmed earlier that they wouldn't get points deducted as they weren't insolvent (like West Ham didn't). Now the papers seem very sure that it's at least likely.
The Football League have made similar points deductions. The crucial matter is if the holding company is irrevocably linked to the Football club and in this case they certainly are. Liverpool Football Club and Kop holdings are linked to such a degree that they won't get away with claiming the club itself is still solvent because they simply loaded the debt onto the parent company.

West Ham was solvent and crucially it was merely one asset for their parent company, which was an Icelandic bank and therefore the League decided that it would not impose the deduction. Which is fair enough because why should the club be deducted points when the parent company's administration was brought about by other businesses.

UEFA are being similarly smart with their Fair Play Rules.

Although I think this is a ruse to force the sell to happen. I think Liverpool and Manchester United are two clubs the league will never impose deductions on because regardless of their current quality and success they are big commercial names world wide.

colin25 10-10-2010 10:18
Re: Football Season 2010/2011
 
I thought it depended on whether hicks still challenges the sale, therefore RBS calls in the debt...and thus 9 point deduction could ensue.

If they sell before then, then no issue.

Damien 10-10-2010 10:20
Re: Football Season 2010/2011
 
Quote:
Originally Posted by colin25 (Post 35106727)
I thought it depended on whether hicks still challenges the sale, therefore RBS calls in the debt...and thus 9 point deduction could ensue.

If they sell before then, then no issue.
Yes

Derek 10-10-2010 10:35
Re: Football Season 2010/2011
 
If they are placed in administration and the league don't deduct the points then the cries of favouritism and possible legal action from other clubs would be very quick in coming.

Personally though I would like the club to go into administration and sold to Rupert Murdoch purely to see the reaction from the fans. :omg: :devsmoke: :shocked:

punky 10-10-2010 11:31
Re: Football Season 2010/2011
 
Quote:
Originally Posted by Damien (Post 35106724)
The crucial matter is if the holding company is irrevocably linked to the Football club and in this case they certainly are.
That's a standard rule though so if it applies now it would apply before.

This is the link I was talking about:

http://www.bbc.co.uk/blogs/thereport...comes_soa.html

It is mentioned numerous times by the commentators that they won't get deducted points. Now they could just be deluded scousers inventing hope to cling on to but they do seem to know what they're talking about.

I've scanned through again and can't find any direct quotes but plenty like this:

Quote:
Come on Robert, you know as well as I do their will be no nine point deduction, the EPL have said (of coarse just ignore that).
Quote:
I'm surprised that the illustrious and well respected Mr Peston hasn't availed himself of the fact that the Premier League has already confirmed that LFC will not fall foul of the 9 point deduction for a club in administration, as the club is considered to be totally solvent (as opposed to being insolvent - recognise the difference?).
etc...

colin25 10-10-2010 11:36
Re: Football Season 2010/2011
 
I heard on radio that deal might not go through if 9 point deduction happens. Doesn't sound as definite as made out

Uncle Peter 10-10-2010 12:07
Re: Football Season 2010/2011
 
Thing is though that the club's lawyers are Slaughter and May who are probably the best in the business at what they do. If they didn't think the case was nigh on water-tight I very much doubt they would be taking this to the high court. I would also strongly doubt that a man of Martin Broughton's standing would put his reputation on the line unless he was holding all of the aces. In the meantime whatever is written in the papers by crap journos like Chris Bascombe is nothing more than scaremongering.

Damien 10-10-2010 13:23
Re: Football Season 2010/2011
 
Quote:
Originally Posted by punky (Post 35106767)
That's a standard rule though so if it applies now it would apply before.

This is the link I was talking about:

http://www.bbc.co.uk/blogs/thereport...comes_soa.html

It is mentioned numerous times by the commentators that they won't get deducted points. Now they could just be deluded scousers inventing hope to cling on to but they do seem to know what they're talking about.

I've scanned through again and can't find any direct quotes but plenty like this:

etc...
Well there is a lot of confusion but the Premier League have said nothing to confirm Liverpool will not get the point deduction. It was presumed they would not due to the stituation at West Ham but as I have said, they are not in the same situation. Otherwise clubs would easily avoid administration by storing the debt in a different company.


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