Spirit Of Shankly

Spirit of Shankly are dedicated to helping out in the local community and our latest activity in helping with a local school can be read about here http://www.spiritofshankly.com/news/SOS-he...rate-Award.html Spirit of Shankly

Please find the Union's response to an impromptu meeting held between a Spirit Of Shankly member and George Gillett http://www.spiritofshankly.com/news/George...e-you!.html Spirit Of Shankly

Spirit of Shankly response to Hicks and Gillett seeking investment http://www.spiritofshankly.com/news/Invest...ew-Stadium.html

Please see the below link for a report on Direct Action carried out on Saturday, aimed at George Gillett on his visit to Anfield. http://www.spiritofshankly.com/news/Direct...m-Saturday.html Below is a link to our comment on the recent meeting held with Liverpool FC Managing Director, Christian Purslow. http://www.spiritofshankly.com/news/Christ...-_-Comment.html Spirit Of Shankly

George Gillett is going to be at Melwood tomorrow morning, and is then going to the Academy. If you want to get down there to either place and make it 'known' to him he isn't welcome, be my guest. After that, we will still be meeting at the Solly at 1pm. Tom and George - Not Welcome Here! (Pass this onto whoever you wish) Jay McKenna

George Gillett is going to be at Melwood tomorrow morning, and is then going to the Academy. If you want to get down there to either place and make it 'known' to him he isn't welcome, be my guest. After that, we will still be meeting at the Solly at 1pm. Tom and George - Not Welcome Here! (Pass this onto whoever you wish) Jay McKenna

Please see the below link for information on George Gillett's planned visit for tomorrow, and action to be taken in response to this http://www.spiritofshankly.com/news/George...-Here!.html Spirit Of Shankly

We have got a fanpage on Facebook which was set up earlier this month: http://www.facebook.com/pages/Spirit-of-Sh...on/134886396923 And more recently have now set up an account on Twitter: http://twitter.com/spiritofshankly Its another way of keeping up to date on what the Union is up to and spread the word of what we are doing.

http://www.spiritofshankly.com/news/George...ng-Anfield.html

Started a new thread with the details. Didn't want it to get lost in an 8 page thread. http://www.ynwa.tv/forum/index.php?showtopic=146308

The Spirit of Shankly met with Christian Purslow prior to the Debrecen game and our questions and his answers are detailed on the following web page; http://www.spiritofshankly.com/news/Christ...ng-Minutes.html

Radio City's charity Cash for Kids are running a 24 hour breakfast show on Thursday 24th September. As well as a chance to win prizes and bid for items in auctions there will be a raffle for a Liverpool mascot package for the Derby in February. Full details can be found here http://www.radiocity.co.uk/Article.asp?id=1481914

A video of John Wheate, Michael Shields' solicitor, talking to Spirit of Shankly committee member Peter Hooton about his involvement in the case has been published on our site; http://www.spiritofshankly.com/news/John-W...-interview.html

http://www.spiritofshankly.com/news/LFC-_-...Leeds--q--.html

The Spirit of Shankly Supporters' Union met at The Olympia on Saturday to allow the Management Committee to launch its proposed direct action campaign to see the American "owners" removed from the Club. http://www.spiritofshankly.com/news/EGM-Ou...an-Purslow.html

Information about tomorrow's EGM has been posted on our site; http://www.spiritofshankly.com/news/Spirit...ember-2009.html The meeting will commence at 11.30am.

Spirit of Shankly recently held Summer Coaching Camps. Please visit http://www.spiritofshankly.com/news/Coachi...mps-Report.html for the report and some pictures from the camps. We are looking to set up a Regeneration Sub-Committee / Working Group with regard to looking into regeneration in the Anfield area, particulary those regarding the new stadium or ideas regarding the expansion of the existing stadium. Also, Radio City are running a 24 hour breakfast show on the 17th and 18th September for their charity Cash for Kids. Spirit of Shankly are keen to help out with this by participating in a 24 hour activity. If you are interested in helping out or have ideas (e.g. 24 hour keepy ups) of how we can help out with raising money then get in touch. For the Regeneration Sub-Committee and 24 hour breakfast show, please e-mail Paul Gardner at community@spiritofshankly.com

http://www.spiritofshankly.com/news/Our-Need-for-Change.html

http://www.spiritofshankly.com/news/Travel...August-4pm.html

They may not be responsible in the sense that if there is a default by one company the other cannot be attacked but that does not mean that the cost of the borrowing cannot be passed on - which is exactly what is happening. The current model is unsustainable. End. Of. Story. It is just a matter of time as to whether the banks pull the plug, the owners sort out better financing (haha) or they have to sell to pay back what they cannot service.

While agreeing and following much of what you say the actual reality is different. The repayments due to our lenders were more than the income streams created by the Club. The only way that the owners were able to make the payments was by injecting further funds into the group companies from the Cayman Island company. And although we don't yet know there must be little doubt that the injection of those funds will have come at a price in terms of the group companies being responsible for interest on the injected funds.

Last year's accounts showed that the Club did not generate sufficient income to pay the interest on all of the loans, never mind starting to pay back any capital.

If the owners had obtained new terms there is little doubt they would have crowed about it as soon as they could. It is not easy to answer the question about purchase price but if Wachovia refused to refinance then it would have some implication for the value of the Club, in a downward direction no doubt.

Spirit of Shankly have received credible reports today that US Bank Wachovia are seriously considering not refinancing the loans due to the Club and its holding companies. While this does not mean that they will refuse to refinance in the next week or so it does show that despite RBS’s response to our members that they as a UK based bank are prepared to offer continued assistance a US bank is far from convinced.

The Spirit of Shankly have released the minutes of the Extraordinary General Meeting that took place on 11th July 2009. They can be viewed at http://www.spiritofshankly.com/news/July-EGM-Minutes.html