whitewidow

These figures are far from accurate, IIRC. The circa £500m bond has paid down a lot of other senior debt and some of the PIK, leaving a total PIK at maturity of circa £330m. They still have, approximately, the same debt levels as before the bond but the PIK exposure has been reduced from over £600m at maturity to £330m odd. The bond also was not to avoid bankruptcy, well not in the immediate future, but to take advantage of a cheaper financing method and pay down some PIK. IIRC

My money is on a full sale - £100m to pay down debt and have an equal share in the club to each of H&G is not an attractive offering.

Or Gerrard on the right, Aqualad in with Mascherano and 2 up top?

Merson just stated, with a straight (well as straight as that munter can manage) face, that should Benitez leave then you just watch the queue for the job, it'll be round the corner. Thommo looked at him like an owl looking at a slug and questioned if that was right given the lack of money any new manager would have to play with. Merson, gawd luv 'im, f***ing peasant, wasn't having any of it....... be interesting to see who is right - suspect Thommo is closer the mark.

But damn good fun.

Anyone looks good standing next to Kyrgiakos, he's a very very ugly and scary man.

Just on SSN. That man really does have a massive fat head.

Liverpool will follow Man United's lead re: a HY Bond issue. Uncle George wants out which means that the continual rolling of the loans by RBS and Wells Fargo will need to be circumvented at some stage...... Just a thought like...

when we play Chelsea he can stick to Malouda - he's a right c***.

It's the end of Rocky IV all over again

I always kind of end up with the image of him dancing in leather underpants a la Partridge - don't know why. It's not a pleasant thought.

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Linky no work...

The Carra Momentum Stopper

As a team with a similar debt load to turnover as us this is an interesting development. Manchester United is considering issuing a HY bond to refinance part of its outstanding bank debt. Likely to be the full amount of their senior debt £579m if it happens. Will mean the bonds are held by all and sundry if it's issued and sold down - our ownership is awful but at least the debt is held by 1 (max 2) lending banks.

Sounds interesting - care to elaborate?

Some of the press this morning on Aquilani is ridiculously negative (Barrett's tone is spiteful) - it's like they expected 90 minutes of charging about, 2 goals, 3 assists and a goal-line clearance from him.

You are Robbie Earle and I claim my £5.

Nothing - pestilence, famine, earthquake can all hang - that f***** plays tonight.

They might have just decided that he isn't worth the money - they got it, in my opinion, right with Tevez re valuation.

let's just be grateful while he's here

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