Liverpool (possibly) could face 9 point deduction?

[do i not like fizzy pop]

BBC report Liverpool could enter admin as early as the 15th October resulting in a 9 point penalty?

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9074311.stm

 

If this happens will they be able to argue the 'Holding' Co issue as tried by Rupert? And would it succeed?

 

Do they even own a radio station or retirement properties to try and argue the case?

[sfc6mufc3]

How comes they only get a 9 pts deduction (didn't poopey also only get 9pts) but we got 10pts deducted??

 

Is it a prem league ruling as opposed to football league???

[OldNick]

How comes they only get a 9 pts deduction (didn't poopey also only get 9pts) but we got 10pts deducted??

 

Is it a prem league ruling as opposed to football league???

because there are less clubs and less games hence the 1pt less deduction

[IFHP]

How comes they only get a 9 pts deduction (didn't poopey also only get 9pts) but we got 10pts deducted??

 

Is it a prem league ruling as opposed to football league???

 

I would say making up 10 points over 46 games is better and easier than making up 9 points over 38 games.

[Secret Site Agent]

BBC report Liverpool could enter admin as early as the 15th October resulting in a 9 point penalty?

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9074311.stm

 

If this happens will they be able to argue the 'Holding' Co issue as tried by Rupert? And would it succeed?

 

Do they even own a radio station or retirement properties to try and argue the case?

 

It's one of the 'BIG 4' clubs. They'll be allowed to get away with it, and will be cushioned.

 

I would dearly love to see some of them going down though. The time is coming for the great leveller, Admin.

[OldNick]

BBC report Liverpool could enter admin as early as the 15th October resulting in a 9 point penalty?

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9074311.stm

 

If this happens will they be able to argue the 'Holding' Co issue as tried by Rupert? And would it succeed?

 

Do they even own a radio station or retirement properties to try and argue the case?

i listened to a Liverpool fan, and he said he hoped they would go into admin.Not a thoguht for the poor souls who would lose their money (it wouldnt be Gillette and Hicks) . I assume these fans have watched Pomepy and think you keep all your players, and even strengthen and carry on as before. I would think there is absolutely no chance of Liverpool going intio admin

[saintjay77]

How comes they only get a 9 pts deduction (didn't poopey also only get 9pts) but we got 10pts deducted??

 

Is it a prem league ruling as opposed to football league???

 

Less games in the prem season so 9 point deduction is relative to our 10 in the CCC.

 

Dan Roan? From the BBC twittered that Liverpool might get the 9 points when before the idea was that they wouldn't. In theory they should follow on from the precedent that was set with us. Holding company that is inextricably linked to the football club and all that.

 

My guess is the take over will go through before admin so no points at all.

[dune]

I'd love to see Liverpool cease to exist, but that won't happen, so admin, a points deduction, and relegation will do. The scousers would enjoy it anyway - any excuse to wallow in their own misery.

[fish fingers]

Perhaps they will have another march from a pub they would have been at anyway to a match they were going to anyway.

[Bucks Saint]

i listened to a Liverpool fan, and he said he hoped they would go into admin.Not a thoguht for the poor souls who would lose their money (it wouldnt be Gillette and Hicks) . I assume these fans have watched Pomepy and think you keep all your players, and even strengthen and carry on as before. I would think there is absolutely no chance of Liverpool going intio admin

 

Unlike us, Liverpool is not inherently bust. This is a threat, a negotiating tactic, a weapon if you like, to force Gillette and Hicks to take the deal that is on offer. There is a £60m payment due to RBS on 15 October, if they are not repaid by then. Liverpool do not have this £60m but the current offer will clear out RBS. Gillette and Hicks WILL lose money if either this deal goes through or Admin happens, because the Administrator will sell to the same buyer anyway. Personally, I very much doubt Admin will happen, but you never know!

[tizz]

P*mp£y only got a 9 point deduction because " Wheeler Dealer " Harry took his usual 10%

[Window Cleaner]

So what ??

[Super_Uwe]

The whole Liverpool saga is just very sad and it just goes to show how desperate clubs are for investment; and we're not necessarily talking about investment going into anything in particular but rather to simply cover their costs.

 

Football has had a fantastic run over the past 20 years and vast riches have flown into the game, but a new model will have to be found soon.

[derry]

I think they have to repay a total of £287m ish by 15th October. Most of it to RBS plus about £60m to another bank.

[a1ex2001]

The premier league have already confirmed that Liverpool will face no deduction as the club it's self is essentially financially sound, If they were not one of the biggest clubs in the world I'm not sure this argument would be allowed to stand allthough it worked for West Ham.

[Turkish]

I'd love to see Liverpool cease to exist, but that won't happen, so admin, a points deduction, and relegation will do. The scousers would enjoy it anyway - any excuse to wallow in their own misery.

 

You are not imply the have a persecution complex, surely? What about that famous scouse sense of humour that they irritate everyone with?

[dubai_phil]

And in related news...

 

Record profits for Man Ure but they make a massive loss.

 

http://uk.eurosport.yahoo.com/08102010/58/premier-league-united-loss-despite-record-profit.html

 

Somewhere within Football there is some idiot who failed to type up a rule saying that to own a football club you must have your own money or you must NOT put the debt onto the club

 

Hicks & Gillett stand to lose at least 60mil with this deal hahahahahaha

 

And there by the grace of God (ML) we could have gone again

Hope in many ways they do get Admin as it will make others stop and think

[Flyer]

i listened to a Liverpool fan, and he said he hoped they would go into admin.Not a thoguht for the poor souls who would lose their money (it wouldnt be Gillette and Hicks) . I assume these fans have watched Pomepy and think you keep all your players, and even strengthen and carry on as before. I would think there is absolutely no chance of Liverpool going intio admin

 

No one would lose money, admin is only to remove control from the yanks so they can be sold. Im pretty sure 100% of the debt would be honoured as thats what the buyers have already announced.

[JackFrost]

Liverpool won't lose 9 points. The PL will help them out just when they need it and invent some technicality that would make them exempt from losing 9 points. The PL are far too concerned with having an image to protect to see clubs treated equally

[Bucks Saint]

I think they have to repay a total of £287m ish by 15th October. Most of it to RBS plus about £60m to another bank.

 

Nearly. They have to repay the current debt in full by 15 October, or else it rolls forward but triggers an immediate penalty payment of an additional £60m. The bank have agreed the current offer so this will clear them out (or at least they will accept it as full payment) so avoiding the £60m - which Liverpool do not have. Not paying the penalty or the current debt would allow RBS to appoint an Administrator even if the Board did not invite them to.

 

The two yanks are not happy because they will lose some of their money. Oh diddums. Thats what happens when you run a business really badly

Edited 8 October, 2010 by Bucks Saint

[stevegrant]

Perhaps they will have another march from a pub they would have been at anyway to a match they were going to anyway.

Someone's been listening to Barry Glendenning on the Football Weekly podcast...

[do i not like fizzy pop]

I really think that in the next 12-24 months will be crucial to whether the PL survives in it's current form.

 

The amount of debt - leveraged or otherwise - is going to break someone sooner rather than later, one of the sugar daddy's are bound to get bored of their new toy and jump and players continue to fail to connect with the every day fans.

 

And if the landlady down the M27 wins her case against Sky the PL's marketability drops significantly.

[SaintRichmond]

The whole Liverpool saga is just very sad and it just goes to show how desperate clubs are for investment; and we're not necessarily talking about investment going into anything in particular but rather to simply cover their costs.

 

Football has had a fantastic run over the past 20 years and vast riches have flown into the game, but a new model will have to be found soon.

 

 

Liverpool's situation highlights two major issues

 

Being taken over by someone does NOT mean a rosy future. It simply gives the Purchasers a free run to transfer all their debt from "other" projects, ie USA, to the UK, ie Liverpool

 

This sis exactly the situation that Man U are in

 

It also highlights YET AGAIN, what a stupid Transfer system we have in the UK, Buy anyone you like for as much as you like and Pay it off over the next hundred years, which is not much better than playing Monopoly

 

ALL clubs in the Prem live outside their means, and the Premier League just turn a blind eye, Pompey anyone ???

 

One day, a really Big Club WILL go to the wall, and then perhaps, a more realistic approach may prevail

 

Don't hold your breath though, The Prem, Football League, call them what you will, would not be able to enforce any new doctrine because the "Big" Clubs are now TOO Big, and would simply walk away

[Micky]

You are not imply the have a persecution complex, surely? What about that famous scouse sense of humour that they irritate everyone with?

 

Ahhhhhh POETS day eh, - got off early did you, and had a few....!!!

[Rebel]

Derby County got away with having the holding company go into administration without getting the 10 poin deduction - and didn't a similar thing happen at Leicester as well!

 

Plus West Ham's holding company went into administration but they alos avoided a 9 point deduction!

 

I hope Liverpool do go into Administration - get the -9 points and then get relegated! It would teach all those plastic scousers a lesson! I really do loathe their holier than though attitude.

 

It might also make Liverpool face up to reality and share a new Stanley Park stadium with Everton. Be funny if they both went down though!

 

More than anything else Liverpool's situation proves that you cannott really run a football club as a business - 90% of every clubs revenue has to be reinvested in the playing squad - either wages or transfer fees - simply to stand still.

 

The cost of sales in football is simply too high for any sane person to invest in a club as a business.

 

The American's at Villa, 'pool and Manc thought they could import the American way of doing sports business - with no relegation, trades instead of transfer fees, caps on wages/salaries and an equal share of the revenue generated by the sport for each Franchise.

 

But they didn't understand that the Football market works on an international scale and reckoned without the Russian Oligarchs, Arab Oil Billionaires and clubs like Real Madrid and Barcelona!

 

Having said all that buying a club like Southampton for c £15 million - and then spending another £15 million to get it promoted to the Premiership does makes sense as if things stay like they are now the club would be worth at least £50 if not £60 million with an annual revenue to match in the Premier League!

[Matthew Le God]

Derby County got away with having the holding company go into administration without getting the 10 poin deduction - and didn't a similar thing happen at Leicester as well!

 

Plus West Ham's holding company went into administration but they alos avoided a 9 point deduction!

 

If it happened before the points penalty rules were introduced it is irrelevant. You can't punish them afterwards.

[fish fingers]

Someone's been listening to Barry Glendenning on the Football Weekly podcast...

 

Reading the Fiver actually.

[martel]

It's one of the 'BIG 4' clubs. They'll be allowed to get away with it, and will be cushioned.

 

I would dearly love to see some of them going down though. The time is coming for the great leveller, Admin.

 

I find myself in agreement with that, just broke today that Man. U have lost 80 million in their last financial year, this cannot continue and strong leadership is required by FIFA to ensure all clubs within Europe at least fall under the same umbrella, including a players wages cap, just last week I saw photographs of Wright-Phillips arriving for training in a brand new Rolls Royce, a sense of reality needs to be brought on before the game is killed off completely.

[scotty]

Unlike us, Liverpool is not inherently bust. This is a threat, a negotiating tactic, a weapon if you like, to force Gillette and Hicks to take the deal that is on offer. There is a £60m payment due to RBS on 15 October, if they are not repaid by then. Liverpool do not have this £60m but the current offer will clear out RBS. Gillette and Hicks WILL lose money if either this deal goes through or Admin happens, because the Administrator will sell to the same buyer anyway. Personally, I very much doubt Admin will happen, but you never know!

 

The way I understood it, and I am not au fait with financial/legal stuff, the whole point of the proposed deal is that gillette and hicks have simply been bypassed whether or not they agree with the deal.

[Chin Strain]

I find myself in agreement with that, just broke today that Man. U have lost 80 million in their last financial year, this cannot continue and strong leadership is required by FIFA to ensure all clubs within Europe at least fall under the same umbrella, including a players wages cap, just last week I saw photographs of Wright-Phillips arriving for training in a brand new Rolls Royce, a sense of reality needs to be brought on before the game is killed off completely.

 

We all know he's nicked it though.

 

Or do you mean SWP?

[SW5 SAINT]

The premier league have already confirmed that Liverpool will face no deduction as the club it's self is essentially financially sound, If they were not one of the biggest clubs in the world I'm not sure this argument would be allowed to stand allthough it worked for West Ham.

 

I don't think Whams holding company( the Icelanders) ever did go into Administration, after all they still there owning half the club!

[SW5 SAINT]

No one would lose money, admin is only to remove control from the yanks so they can be sold. Im pretty sure 100% of the debt would be honoured as thats what the buyers have already announced.

 

The Yanks ( owners/ shareholders whatever) would lose money, they have actually ploughed ("Invested") 140 mil of their own money into this pit. Something that doesnt even seem to register with the scousers, who were even blaming the Royal Bank of Scotland for lending them the money in the first place. Where else have we heard this blame everyone else but themselves for the mess cheating or whatever they like to call it?

[Andy_Porter]

Poor little scousers \o/

[Doctoroncall]

Their second favourite hobby, after wallowing in other people's misery. I'd love them to get punished, but they won't. Then again, their biggest problem was Benitez and he got away leaving the problems to others...same as Burley and Redknapp here. Having **** owners doesn't mean it's alright to waste millions and millions forming a ****e team and get rid of better players cheap or free. Losing Warnock, Murphy, Owen, Crouch, Keane, Anelka and others through choice, only to sign ngog, babel, lucas, insua, deggen and countless other jokes. Brilliant.

 

I think you'll fine Benitez made a profit on his transfers only for the fund for replacements to be less, hence the not so good players coming in, hoping one would make it. Of course he wasn't immune to buying the wrong player when given money with Aquilla (sp?). Hicks and Gillett will not have lost money considering the income from CL and top 4 PL finishes have, I suspect have been syphoned off.