Topic: DIC speak

[mulfella]

its does not matter if public or private company from what I understand this was put in the partnership agreement between G and H it is not a club thing but a thing between them

Sorry, but when you say "From what I understand" what do you mean?

[Glenbuck1914]

It's defintitely strange looking on an LFC forum and finding such topics as the dollar value/oil prices, and Carlyle Group!! I guess we are learning some things in the world of high finance and global economics!!!   

By the way Carlyle group haven't gone bust (unfortunately) It's only a subsidiary that was involved in the US mortgage market:

http://www.reuters.com/article/bankingFinancial/idUSN1361636620080314

Great, now I'm posting links to Reuters finance news on RAWK- somethings not right in the world I tells ya!!!

[wolf99000]

Sorry, but when you say "From what I understand" what do you mean?

from everything I have read about it everytime the 90 day thing is mentioned

[shankspirit]

FFS your avater is ace. Every time I see it I am thinking about it He sitting there with his hat, his clothes (don't know how to say that). Amanda next to him. The sheikh: Ladies and gentlemen, we did it, the yankees are gone! Everybody is screaming: Yeah, yeah...

He´ll be waring a suit no worry !!!

[Dr. Beaker]

It's defintitely strange looking on an LFC forum and finding such topics as the dollar value/oil prices, and Carlyle Group!! I guess we are learning some things in the world of high finance and global economics!!!  

By the way Carlyle group haven't gone bust (unfortunately) It's only a subsidiary that was involved in the US mortgage market:

http://www.reuters.com/article/bankingFinancial/idUSN1361636620080314

Great, now I'm posting links to Reuters finance news on RAWK- somethings not right in the world I tells ya!!!

The world is out of joint, oh cursed spite
That ever we were born to put things right.

[abbeygate]

It's defintitely strange looking on an LFC forum and finding such topics as the dollar value/oil prices, and Carlyle Group!! I guess we are learning some things in the world of high finance and global economics!!!  

By the way Carlyle group haven't gone bust (unfortunately) It's only a subsidiary that was involved in the US mortgage market:

http://www.reuters.com/article/bankingFinancial/idUSN1361636620080314

Great, now I'm posting links to Reuters finance news on RAWK- somethings not right in the world I tells ya!!!

This is the dead calm before the storm

[Something Else]

The whole 90 day story came about because people thought it had to be there, but it doesnt, that doesnt mean that there isnt a clause in there to help one get out if he needs be, but the main wayh the americans set up the deal was to make sure the one left did not get fucked over, not the one leaving.

DIc are confident they can break the legal hold Hicks has, by all accounts it doesnt seem to be a 90 day clause otherwise Gillete and DIC would be in a far greater position

[sammy22]

So, no news at all since Hicks statement about terminating talks on monday?

AND overall we think this is a good thing, as no news is good news at this stage, and fans are hoping things stay very quiet for the next few days for this reason

Is this about where we are at with the D.I.C takeover, as I don't mind admitting i'm finding it all a bit confusing at the moment.

[abbeygate]

The whole 90 day story came about because people thought it had to be there, but it doesnt, that doesnt mean that there isnt a clause in there to help one get out if he needs be, but the main wayh the americans set up the deal was to make sure the one left did not get fucked over, not the one leaving.

DIc are confident they can break the legal hold Hicks has, by all accounts it doesnt seem to be a 90 day clause otherwise Gillete and DIC would be in a far greater position

There is no real evidence to point either way, but one question springs to mind, Why 90 days? why not 100 days? why not 33? Too many spouting the same period, i am aware this still may not be true, but if it was rumour i would beleive it more if it was stated as hicks has a "fixed time period" etc

[Dr. Beaker]

So, no news at all since Hicks statement about terminating talks on monday?

AND overall we think this is a good thing, as no news is good news at this stage, and fans are hoping things stay very quiet for the next few days for this reason

Is this about where we are at with the D.I.C takeover, as I don't mind admitting i'm finding it all a bit confusing at the moment.

That's the general consensus.

[wolf99000]

why 90 days no reason just its up to the parties involved in the deal

[tamimio]

There is no real evidence to point either way, but one question springs to mind, Why 90 days? why not 100 days? why not 33? Too many spouting the same period, i am aware this still may not be true, but if it was rumour i would beleive it more if it was stated as hicks has a "fixed time period" etc

Cuz 90 days is roughly 3 months... Usually in the financial world, deadlines for payments and so forth are set at 30, 60, 90, 120, 180, 270 or 360 days

[incredibleL4ever]

I cant believe that Gillett and Hicks gave each other a veto over selling their half of the company.  The would be idiots to do so and, at least in business, they are not that.
The normal things in these contracts are need to get permission for the sale of the shares (from the other party) to someone else but that permission cant be unreasonably withheld.  It would be unreasonable to withhold permission if the new shareholder is of equal or better standing than the one who is selling.  It is purely a guess but Hicks' arguement, from a legal standpoint would be that DIC are trying to impose conditions on him which he currently does not have with Gillett and therefore he is worse off and can therefore refuse permission.  I am also guessing that the lawyers are thrawling all over this currently and we just might see this in court.  If however Hicks comes up with an alternative offer then Gillett just maigh take the money and run rather than wait for the outcome of an expensive court case.

[Something Else]

There is no real evidence to point either way, but one question springs to mind, Why 90 days? why not 100 days? why not 33? Too many spouting the same period, i am aware this still may not be true, but if it was rumour i would beleive it more if it was stated as hicks has a "fixed time period" etc

its standard practice in public companies to have 90 days hence why i said, if it was a public company

and to say that all the press are saying it so it must be true......

[abbeygate]

its standard practice in public companies to have 90 days hence why i said, if it was a public company

and to say that all the press are saying it so it must be true......

I never mentioned the press

[Something Else]

I never mentioned the press

well where did the 90 days get spouted so much, in this thread where everyone is in negotiations?

[abbeygate]

well where did the 90 days get spouted so much, in this thread where everyone is in negotiations?

Your guess is as good as mine, may have been in the press, others on her quoted from sources, but i did not say i beleived it, i cetianly would not put a bet on it, but why cant it be true is all i am saying.  You seem to be pretty sure it is not the case with just as little proof for your argument.     

[Something Else]

if it were true it would have been done by now thats why

[abbeygate]

if it were true it would have been done by now thats why

So you know when the trigger point would have been? if it were true

[Something Else]

So you know when the trigger point would have been? if it were true

right lets simple this down for you

talks between hicks and gillete fell apart long ago.

Gillete has been in talks with DIC since October November time, if they were aware of such a clause they would have bid long ago to ensure Hicks had a limited amount of time would they not.

Also why would they not just have sat it out rather than tried to agree a deal with Hicks

Hicks has said they are now looking at other possibilities, he would not have said that had he known it could be done without his say so

[abbeygate]

right lets simple this down for you

talks between hicks and gillete fell apart long ago.

Gillete has been in talks with DIC since October November time, if they were aware of such a clause they would have bid long ago to ensure Hicks had a limited amount of time would they not.

Also why would they not just have sat it out rather than tried to agree a deal with Hicks

Hicks has said they are now looking at other possibilities, he would not have said that had he known it could be done without his say so

Ill simplify it for you,

Still no hard evidence or a clue of when the trigger point would have been, just backing your argument about the 90 day with your own theory.

[Something Else]

right ok, well we will see wont we

to back up if you believe it could even be there lets look at the facts

knowing hicks cannot afford to buy Gillete out fully why would DIC have entered into talks to get 49% rather than wait out the 90 days

Why would Hicks come out after declining the DIC offer by saying they would look for other deals if he knew he was running low on time for finding someone else and would end up equal owners rather than majority with DIC?

[abbeygate]

right ok, well we will see wont we

to back up if you believe it could even be there lets look at the facts

knowing hicks cannot afford to buy Gillete out fully why would DIC have entered into talks to get 49% rather than wait out the 90 days

Why would Hicks come out after declining the DIC offer by saying they would look for other deals if he knew he was running low on time for finding someone else and would end up equal owners rather than majority with DIC?

Im not saying that there is a 90 day either, this is a pointless argument.  To be honest it is more likely there is not a time limit but no hard evidence to proove either way.  plus tom hicks is a liar. 

[will2003]

IMO this 90 day and power of veto suggests that G and H were expecting DIC to come back in for the club at a later point in time. Now Gillett cant afford to own lfc due to the price of the Dollar and the effect it its having on his other sport franchise's, but seemably Hicks is ok financially therefore the reason he is vetoing the DIC bid and atempting to dope other investers to buy out Gillett. If this is the case its interesting to see if Hicks is sucessfull in getting backing whether Gillett will veto hick's backers. Could be bumpy! :-(

[Red Alert]

Anyone see the Rick Parry interview after the draw. Interesting stuff he came out with. If that was not a clear indication that things are over with DIC then I don't know what is.

[wolf99000]

Anyone see the Rick Parry interview after the draw. Interesting stuff he came out with. If that was not a clear indication that things are over with DIC then I don't know what is.

he did not saying anything that gave me that feeling he said the club is focusing on the coming games just like they always do

they are just keeping it in house for now

[Red Alert]

Yup but he was asked a few times about the talks, he could have repeated what Hicks said, but he just came out with 'the ownership of the club will be decided at some' and it is' up to Hicks what he does' now to me that did not sound like its all over.

Just a thought though.

[wolf99000]

Yup but he was asked a few times about the talks, he could have repeated what Hicks said, but he just came out with 'the ownership of the club will be decided at some' and it is' up to Hicks what he does' now to me that did not sound like its all over.

Just a thought though.

well thats the truth the ownership will be sorted at some time and it is up to hicks parry has no say in all this

[mulfella]

What did he say....

"Nothing to say, it will resolve it self in the fullness of time, we'll say something when we have something to say."

[4pool]

I think Parry is gone at the end of the season anyway.

[SadRed]

Whats going on? 3 days and absolutely no news? Strange this.

[Commie Bobbie]

Meanwhile in the US...

Bear Stearns gets emergency funds

US bank Bear Stearns has got emergency funding from the Federal Reserve of New York and JP Morgan Chase.

The emergency cash will be available to Bear Stearns for 28 days and as necessary, JP Morgan Chase said.

JP Morgan Chase was also looking at how to provide long-term financing to Bear Stearns, the Wall Street bank said.

Bear Stearns has been at the centre of the mortgage debt crisis that started in the US, spread to world markets, and creating a global credit crunch.

Recently there has speculation that the lender was struggling to finance its business.

Alan Schwartz, president and chief executive officer of Bear Stearns, said: "Bear Stearns has been the subject of a multitude of market rumours regarding our liquidity.

"We have tried to confront and dispel these rumors and parse fact from fiction.

"Amidst this market chatter, our liquidity position in the last 24 hours had significantly deteriorated," he added.

"We took this important step to restore confidence in us in the marketplace, strengthen our liquidity and allow us to continue normal operations."

http://news.bbc.co.uk/1/hi/business/7296678.stm

[Daniel Cabbaggio]

should have asked him if he had made a mistake recommending the americans

[Something Else]

yeah, that's just the worse news I've heard since Hicks told the deal was of :/ why does Wolfy take away the only thing that brightens up our day? ;P

now means people can stop spamming the thread with shite

this thread is for talk about DIC and the takeover, not some childish flirting, there are plenty of threads for that in the off topic, if you ask your mate nicely he may go up to her and find out if she likes you.



Now back to this... the fact we have not heard anything is good news, will be interesting if Hicks uses the draw today as an opportunity to come out and make a comment, however he never really needs a reason anyway....

Think there is still a way to go in this

[Samran.]

Anyone see the Rick Parry interview after the draw. Interesting stuff he came out with. If that was not a clear indication that things are over with DIC then I don't know what is.

Why? What did he say?

[SadRed]

http://www.skysports.com/video/0,20285,12606_3301089,00.html

[Mr Rossi]

Why? What did he say?

He didn't say anything to suggest it was over for DIC at all. He just dodged the question alot and said something along the lines of "We are just concentrating on who we are playing next, we have a lot to play for still and anything that is going on behind the scenes will sort itself out" or words to that effect.

Now you tell me how that is saying DIC have pulled out?

[SadRed]

http://www.skysports.com/story/0,19528,12975_3301174,00.html

[pazcom]

He didn't say anything to suggest it was over for DIC at all. He just dodged the question alot and said something along the lines of "We are just concentrating on who we are playing next, we have a lot to play for still and anything that is going on behind the scenes will sort itself out" or words to that effect.

Now you tell me how that is saying DIC have pulled out?

agree with that.

He erm dodged it erm very erm well

[wolf99000]

agree with that.

He erm dodged it erm very erm well

was it just me our did he seem confused he was stumbling over words and lost for words at times