Young £ Posted April 18, 2008 Report Share Posted April 18, 2008 http://www.timesonline.co.uk/tol/sport/foo...icle3768457.eceFernando Torres future under threat as banks keep watchful eye on LiverpoolOliver KayLiverpool must repay £31.5 million to banking institutions in little more than a year or risk having to sell Fernando Torres and Ryan Babel.The Times has learnt that Liverpool borrowed the money to sign Torres, the Spain forward who has scored 30 goals this season and has already become a firm favourite on the Kop, from Atlético Madrid last summer. The club then refinanced that debt on January 25, at the same time as they secured a £350 million refinancing package.Liverpool entered into an 18-month loan agreement with interest of 9 per cent — £2.8 million a year — with a letter of credit to pay back the £31.5 million at the end of the period.Should Liverpool be unable to pay back or refinance the loan, banks could force the sale of Torres and Babel, who was also included in the smaller refinancing package.It is unusual for Barclays Premier League clubs to buy players in this way. Deals are normally funded using television income. Liverpool have to pay £30 million a year in interest payments on the £350 million loan, the terms of which end in July 2009. There was no official comment from the club last night.The revelations came on a day when the turmoil at Anfield reached a nadir after Tom Hicks attempted to strengthen his grip on the club during an interview in which he demonised his enemies inside and outside Anfield. However, the Liverpool co-owner has only six weeks to raise the funds he needs if he is to achieve his goal of buying the club outright.Having continued his assault on Rick Parry by calling his tenure as chief executive “a disaster”, Hicks admitted that his joint-ownership venture with George Gillett Jr had proved unworkable, but he is looking for the funds that would help him to buy Gillett’s 50 per cent stake and to “fix the entire financial structure of the club” while overseeing the construction of a new 70,000-capacity stadium in Stanley Park.Gillett responded last night with a strongly worded statement in which he accused his co-owner of destabilising the club. “I am saddened at this latest outburst from Tom Hicks,” he said. “If Tom wanted a serious discussion on the issues to help the club move forward, he should bring his views to the board.“Here we are, a few days away from a vital Champions League semi-final match and Tom has once again created turmoil with his public comments. Tom should stop. He knows that Rick Parry has my support and that airing his comments in this way will not change my position.“Tom needs to understand that I will not sell my shares to him.”Hicks was typically bullish about his prospects of raising the money — or, perhaps more realistically, finding the financial backing — but while he continues to explore his options with Merrill Lynch, his latest financial adviser, the clock is ticking.Hicks has denied rumours in the City that he is under pressure to refinance his Hicks Sports Group, which holds his stakes in various sports franchises in the United States, but a deadline is looming to buy Gillett’s stake, which is the subject of a rival bid from Dubai International Capital (DIC), the private-equity investment arm of the Dubai Government.Under the terms of their takeover 14 months ago, Hicks has pre-emption rights on Gillett’s stake in Liverpool and vice versa. That option is understood to expire 90 days after he was informed of DIC’s £200 million offer to Gillett, which was made on February 27. That period would expire on May 27, six days after the Champions League final in Moscow.Hicks, though, maintains that he will be in charge of Liverpool for the long term, which would be bad news for Parry. “What has happened under Rick has been a disaster,” Hicks told Sky Sports News. “We have fallen so far behind the other clubs. We have still got the top brand in the world of football, but that’s no good if you don’t know how to commercialise it. Rick needs to resign. You have to be able to work with the manager and Rick has proved he can’t do that.”Parry, who responded with a rigorous defence of his record, will not resign and is under no pressure to do so, given that only two of the club’s six directors want him to go.Hicks said that, if he succeeds in buying Liverpool outright, he will offer Benítez a one-year extension to his contract, which expires in 2010, but, despite his newfound alliance with the manager, he remains unpopular with supporters.LOL @ da joke dat is L'Pool Quote Link to comment Share on other sites More sharing options...
Aquaman Posted April 18, 2008 Report Share Posted April 18, 2008 liverploolclub is in disarray on the pitch, in the boardroom, in the financial department. it's deep it's peak Quote Link to comment Share on other sites More sharing options...
I.B.Blackman Posted April 18, 2008 Report Share Posted April 18, 2008 BwahahahahahahaahahahahahaahahahahahahahahaahahahahahahahIf thats the case then Torres will probs end up somewhere like Chlski to replace droggy and himovic Quote Link to comment Share on other sites More sharing options...
ONELOVE Posted April 18, 2008 Report Share Posted April 18, 2008 liverploolclub is in disarray on the pitch, in the boardroom, in the financial department. it's deep it's peakLMAO @ THIS...JOKER..NOT EVEN WORTH A REPONSE. Quote Link to comment Share on other sites More sharing options...
will h Posted April 18, 2008 Report Share Posted April 18, 2008 I f*ck*ng love the journalism in this country.Makes out liverpool have secured there loan against a human being.Imagine the baliffs walking in and repossessing torres and babel and taking them back to a HSBC vault !! Quote Link to comment Share on other sites More sharing options...
Mr Q Posted April 18, 2008 Report Share Posted April 18, 2008 I f*ck*ng love the journalism in this country.Makes out liverpool have secured there loan against a human being.Imagine the baliffs walking in and repossessing torres and babel and taking them back to a HSBC vault !!LOL for real.SMH anyways sh*t is depressing me more then exams, some laughing stock we need to just keep winning games to make people concentrate on that. Quote Link to comment Share on other sites More sharing options...
Flojo Posted April 18, 2008 Report Share Posted April 18, 2008 Idiotic article. Quote Link to comment Share on other sites More sharing options...
HangTheDJ Posted April 18, 2008 Report Share Posted April 18, 2008 On one hand it saddens me that it looks as though one of the biggest clubs ever in England is falling apart.But on the other hand I'd be happy with anything to break up the big 4. Quote Link to comment Share on other sites More sharing options...
anti social Posted April 18, 2008 Report Share Posted April 18, 2008 30 mil a year in interest? Id be pissed if i had 2 hand that over. Quote Link to comment Share on other sites More sharing options...
Young £ Posted April 18, 2008 Author Report Share Posted April 18, 2008 Idiotic article.its fact though?you really are starting to sound stupid Quote Link to comment Share on other sites More sharing options...
Kaiser Posted April 18, 2008 Report Share Posted April 18, 2008 If this happens BOOOOOOOOOOWII want world record fee for Torres £50million and £20million for Babel(long shot) Quote Link to comment Share on other sites More sharing options...
Young £ Posted April 18, 2008 Author Report Share Posted April 18, 2008 its got about 0.01% chance of happening probablywould of had a 35% chance if Pool didnt make 4thbut its still something we didnt know anyway Quote Link to comment Share on other sites More sharing options...
Kaiser Posted April 18, 2008 Report Share Posted April 18, 2008 How much do you get for getting into a Cl final?and get 4th?Always wondered Quote Link to comment Share on other sites More sharing options...
Guest ShabbzE3 Posted April 18, 2008 Report Share Posted April 18, 2008 PMSLLIVERPOOL ARE DIENGTHEY HAVE DIED FROM THE BEST THING SINCE RUSHBET YOU WONT BE SIGNING " FERNANDO TORRES LIVERPOOLS NUMBER 9 "GOODNIGHTSEE YOU IN THE PREM IN 2020WE'LL SEE HOW GOOD YOUR YOUTH TEAM IS MURKO Quote Link to comment Share on other sites More sharing options...
will h Posted April 18, 2008 Report Share Posted April 18, 2008 As far as i'm aware:Champions league winners = €40m prize money (including tv rev, but not gate reciepts)4th = £8.25m prize money (excluding tv revenue and gate reciepts) Quote Link to comment Share on other sites More sharing options...
Greens Posted April 18, 2008 Report Share Posted April 18, 2008 Some nonsense. It doesnt actually say that we are not on target to pay the money back, only that we took out a loan to buy them. Quote Link to comment Share on other sites More sharing options...
Trim Posted April 19, 2008 Report Share Posted April 19, 2008 Idiotic article.its fact though?you really are starting to sound stupidWhere did you hear it was fact ??? Quote Link to comment Share on other sites More sharing options...
Davicious X Posted April 19, 2008 Report Share Posted April 19, 2008 See this is that hope and prayer thing im talking about.Can you really see us getting relegated and sending Torres to Chelsea?Pure bubblehead talk!And as for that article it sounds like the only difference between liverpool and arsenal is the fact that liverpool went out and spent the money even if it was a loan.Champions league is us, where is aresnal? Quote Link to comment Share on other sites More sharing options...
Flojo Posted April 19, 2008 Report Share Posted April 19, 2008 Idiotic article.its fact though?you really are starting to sound stupidSound stupid how?I haven't seen it reported by any other website or newspaper, the article reminds me of the xenophobic attitude to foreign investment that was shown when Man Utd got taken over by the Glaziers.Isn't surprising its from the Sun's more articulate cousin the Times is it?Its an article of if ands buts that are very unlikely to happen. Bump this topic in a year when we're auctioning off al the club assets and I'll say yeah I was stupid. Quote Link to comment Share on other sites More sharing options...
Mr Q Posted April 19, 2008 Report Share Posted April 19, 2008 Rick Parry today rejected claims in The Times newspaper that Liverpool would be forced to sell Fernando Torres and Ryan Babel."The story in Friday's Times newspaper was garbage," said the Reds' chief executive. "I want to make it clear in the simplest and most straightforward terms that the purchases of Fernando and Ryan were funded in the same way as every other transfer. "The scope for any other interpretation is nil."Topic done tbh. Quote Link to comment Share on other sites More sharing options...
Flojo Posted April 19, 2008 Report Share Posted April 19, 2008 Idiotic article.its fact though?you really are starting to sound stupidseen Quote Link to comment Share on other sites More sharing options...
I.B.Blackman Posted April 19, 2008 Report Share Posted April 19, 2008 See this is that hope and prayer thing im talking about.Can you really see us getting relegated and sending Torres to Chelsea?Pure bubblehead talk!And as for that article it sounds like the only difference between liverpool and arsenal is the fact that liverpool went out and spent the money even if it was a loan.Champions league is us, where is aresnal?IMO Arsenal et expectations of not being top, we have the fourth best squad in the league and ur still below us.U beat an out of form AFC in the cl fair play but stilll narrr leave it out. Quote Link to comment Share on other sites More sharing options...
MEIRELES. Posted April 19, 2008 Report Share Posted April 19, 2008 lmao @ a Man Utd fan making this topic (fake article btw)Sort out you £500m+ debt then come talk to us. Quote Link to comment Share on other sites More sharing options...
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