Another manic Monday

After yesterday I sincerely hoped today would be better and it has been so far.

I went to bed relatively early and slept very well and although I was in the office on my own today, I didn't feel too concerned with what may lay ahead for the day.

The day went by quite quickly with only the usual problems.

Seb seemed good when he got in from school and we had a bit of fun in front of the tv and reading before bed, so another positive there.

So, back to the goings on at Liverpool Football Club. I read a relatively in depth article on the BBC yesterday, firstly acknowledging the efforts of the Spirit of Shankly in staging a sit in after the sunderland game on Saturday where they estimated approximate 10,000 fans staying behind.

There is a deadline for the future of the club being decided, being 6th October. And as I see it at the moment the possible scenarios are.

Hicks and Gillett want in the region of £600m for the club.
Realistic values are being put at £420m
RBS need to recover their loan in the region of £240-£280m, variation due to unpaid repayments, fees etc.

So, the yanks are trying to refinance and we really don't want that to happen or we are seriously doomed. But no one in their right mind will offer them the £600m they are looking for.

So how determined are RBS to do right by the club? If a buyer is seriously interested, would they offer £420m in the knowledge that the bank can take ownership and recover the debt? Unlikely, so it could well go straight to the wire with buyers circling like vultures. What type of buyer will this scenario attract? Who knows, but ultimately if that is what the club is worth, disregarding the yanks valuation, then that is what it is worth, and it can only be better for the club and leave a potential buy with money for players and the stadium by save a few hundred mill!

The next few weeks are crucial for our club.


Thank you for reading