Topic: David Moores resigns from LFC Board

[lfctitch]

Rumour has it that its new investors taking a percentage, and thus wanting a seat on the board. How true that is, I have no idea, but I think it was obvious that Moores would leave now that Parry has gone.

I doubt we'll see controlling ownership change though, and if it does, it will likely be Gillett taking a smaller percentage/ and Hicks and New investor taking the same stake.

But i'm no itk, and this information has come through  a couple of people before filtering down.

So really anything could be happening. I just hope its better news than it feels right now.

Oh and Moores didn't have to listen to Parry.

[The 5th Benitle]

Well that was the point - some mistakes are so huge that they can never be rectified.  Obviously a bit of hyperbole re the Titanic - Moores & Parry haven't cost lives obviously - but you get my point.

Yeah but selling to the Yanks was the tip of the iceberg....

Sorry.

[coffeehead]

There is no way had the entire board of directors consolidated all their finances together as collateral that they would have got anyone to loan them anywhere near the amounts the yanks have been lent.

They wouldn't have needed to though would they? Around 200m of our debt is directly related to G&H's purchase of the club. No purchase, no need for that 200m+ debt. Meanwhile we know LFC itself is good for at least 100m as loan collateral. Plus anything else that Moores could have stood guarantor for and we'd have had a handy amount of cash to play with.

But the reality is that Moores didn't want to run LFC that way; he thought he could find new owners who would own and run it in a more amenable way and one which facilitated genuine attempts at sustained success on the field. Unfortunately he fucked up.

[west_london_red]

the bottom line is could have and wanted to are two different things.

Moores and the old board were not about to risk using their personal finances as collateral for loan guarantees as G&H have done.

Moores couldn't do it by himself and the rest of the board didn't want to.

They could have taken out loan after loan for players. Or a loan for the new "Parry Bowl" stadium and put their own finances in hock to do it, but they didn't.

Moores could have borrowed against the club for a fair chunk of the money, and easily got financing for the rest against future gate reciepts. If the club had a new stadium and debts of just under £400 million it would be in a much better financial state then it is in now.

As for the Parry Bowl, yes it was shit, but as it stands its as good as G&H's plans... a drawing and no more.

With Moores going I doubt it means they can put more debt on the club. The banks will only allow G&H to borrow against the club what the club is worth. The club isnt worth £350 odd million so they cant borrow it all against the club.

[No666]

Mimi is right - he should give up the life presidency. It is the only honourable thing to do, and as a statement of revulsion at the way our club is being run would be a start.

[Fordy]

I disagree. I think Moores was taking his advice off Parry and was sold the glitz and the glamour by Gillett and Hicks like we all were when they announced that they had bought the club.

Plus don't forget when Parry found out that he was going to get the chop if DIC came in and took over the club, he would have been talking up G&H's bid.

Parry will have told Gillett that getting Hicks involved and increase the offer to x amount and he'll work the other end and get Moores on side.

As another poster has already pointed out we would be in exactly the same position now if Moores had stayed in charge but without a shit load of debt.

I personally think Moores loves the club and is devasted how things have turned out. Yes i know he's got paid out of it. But I think the reason he's quit is because he knows he's just a prop there now and with Parry gone/going he knows he has no influence on the board and will just be outvoted in every decision made. I personally think Moores is getting out before the shit really hits the fan with the refinancing and he knows that the reaction of the fans is going to be us going fucking balastic.

Yes we can blame Parry all day long and to be honest I blame him for finding the Yanks but the bottom line is that it was Moores club and he would have had the final say. So it was Moores decision and we're paying for it.

Now your saying that you think Moores is doing one before more shit hits the fan when he bloody put us in this mess in the first place.

I only hope him and Parry are now contacting buyers to get us out of this mess but I doubt it and they will more than likely counting the cash they made from having the Yanks ran our club.

[Phil Eel]

I heard a similar thing two days ago - Rumour was that Benitez has £40 million plus to spend  thanks to new minority investment but is talking us down so as to not pay over inflated prices for players as the price would go up if people thought we were flush.

It does fit because Amanda Stavely was at our last few matches, rumoured to be with potential investors but nothing was reported. Also, having made the rick of his life and selling to Gillett / Hicks, I do not think that Moores would stand down and leave us to the wolves unless he had to or he was sure that there was suffiicent safeguarding in place to prevent H & G loading us with more debt.

Not claiming this as info I heard - got it 2nd hand  from someone high up in Share Liverpool - was just telling my brother yesterday and we both agreed there's been that much conjecture on investment, we;ll only believe it when it happens. I have to say, this news does encourage me !!

Rumour has it that its new investors taking a percentage, and thus wanting a seat on the board. How true that is, I have no idea, but I think it was obvious that Moores would leave now that Parry has gone.


I doubt we'll see controlling ownership change though, and if it does, it will likely be Gillett taking a smaller percentage/ and Hicks and New investor taking the same stake.

But i'm no itk, and this information has come through  a couple of people before filtering down.

So really anything could be happening. I just hope its better news than it feels right now.

Oh and Moores didn't have to listen to Parry.

[Something Else]

I heard a similar thing two days ago - Rumour was that Benitez has £40 million plus to spend  thanks to new minority investment but is talking us down so as to not pay over inflated prices for players as the price would go up if people thought we were flush.

It does fit because Amanda Stavely was at our last few matches, rumoured to be with potential investors but nothing was reported. Also, having made the rick of his life and selling to Gillett / Hicks, I do not think that Moores would stand down and leave us to the wolves unless he had to or he was sure that there was suffiicent safeguarding in place to prevent H & G loading us with more debt.

Not claiming this as info I heard - got it 2nd hand  from someone high up in Share Liverpool - was just telling my brother yesterday and we both agreed there's been that much conjecture on investment, we;ll only believe it when it happens. I have to say, this news does encourage me !!

Was this the amanda staverley bird that was proven not to be her after about 6 pages of

yes it is

on no it isnt

shes behind you

[jeremyh94]

No Amanda S was not at our last few games. We did that photo to death at the time and even diehards had to admit it wasn't her.
What intrigues me is who takes the chair of the club now.

[coffeehead]

No Amanda S was not at our last few games. We did that photo to death at the time and even diehards had to admit it wasn't her.
What intrigues me is who takes the chair of the club now.

Gillet and Hicks are joint Chairmen and have been since the take over. Moores was just a board member

[bigbear]

Let's be honest, David Moores can go and fuck himself as can Parry.

They and they alone have put the club in the financial peril it is in today as a consequence of their personal greed and desire to remain important.

He was only ever a puppet figure on the board and once H & G sung from the sheet he was toast anyway.  Sorry David, you took the dough and believed the bull shit so now go and enjoy your cash elsewhere.

[rafathegaffa83]

Seems very strange and abrupt without any forewarning from any media outlets or ITKs. Hopefully, this is not the beginning of something awful for the club. The next coming days and weeks shall be interesting.

[redprodigal]

what the the MPs trying to f*ck up G&H and now this in the same day, is DM missing RP so much, or something else

Why should he be missing me? I hardly ever spoke to him.

[shelts]

Seems very strange and abrupt without any forewarning from any media outlets or ITKs. Hopefully, this is not the beginning of something awful for the club. The next coming days and weeks shall be interesting.

Are these the same ITKs that regularly claim a deal is done and the club is sold, is going to be sold, will be sold in the next three weeks (delete as appropriate)?

When the club is sold, as it will have to be at some point, it will come as out of the blue as this announcement has - lets hope it's tomorrow 

[Something Else]

Why should he be missing me? I hardly ever spoke to him.

well i have not spoke to him for months now

[shelts]

As for Moores, good riddance to the c*nt who put us in this position   

[shelts]

Why should he be missing me? I hardly ever spoke to him.

 

[Liverbird 2010]

Seems very strange and abrupt without any forewarning from any media outlets or ITKs. Hopefully, this is not the beginning of something awful for the club. The next coming days and weeks shall be interesting.

Rumour has it they are in England at the momment dissgussing this fuckin groundshare with Kilfoyle along with other things.

From another forum.

ive heard that kilfoyle has been told that the tesco/Everton project is off, his concern over the yanks finances & regeneration is a shared stadium, in his constituency, and all the assistance the government will give to help it along will pave the way for it too happen?
by the way,it wont be up to the match goers, it'll be sweetened off with a loop line station for local residents to vote on.

[T-1000]

Let's be honest, David Moores can go and fuck himself as can Parry.

They and they alone have put the club in the financial peril it is in today as a consequence of their personal greed and desire to remain important.

He was only ever a puppet figure on the board and once H & G sung from the sheet he was toast anyway.  Sorry David, you took the dough and believed the bull shit so now go and enjoy your cash elsewhere.

And for those saying "He wouldn't leave unless he knew something was happenning". Moores is partly responsible, along with Parry, for the monumental crock of shit they landed us in so why now all of a sudden would he have any sense about the current state of affairs and make sound, strategic judgements?

[jonnygeeart]

Mimi is right - he should give up the life presidency. It is the only honourable thing to do, and as a statement of revulsion at the way our club is being run would be a start.

he should be booed out the ground everytime he turns up

listen to parry HE SHOULD HAVE LISTENED TO GOOGLE

[paisley1977]

Rumour has it they are in England at the momment dissgussing this fuckin groundshare with Kilfoyle along with other things.

From another forum.

ive heard that kilfoyle has been told that the tesco/Everton project is off, his concern over the yanks finances & regeneration is a shared stadium, in his constituency, and all the assistance the government will give to help it along will pave the way for it too happen?
by the way,it wont be up to the match goers, it'll be sweetened off with a loop line station for local residents to vote on.

I suppose Moores wouldn't want to be part of a ground share,hence the reason for the sudden resigning.

[Something Else]

I cant see a groundshare personally as it ruins any possibility of an exit plan for the americans in the next decade that could be considered financially viable

[southern scouse]

Why should he be missing me? I hardly ever spoke to him.

And theres me thinking you two were best mates, bollox, got that wrong then

[Crackerjack Sam]

Moores resigns...I thought he left ages ago.

Couldn't care less to be honest with you. Don't know why the hell he was giving Honorary Life President after what he and Parry did?
They both had their part play in the American twits taking over. May have done alot for us in the past but he left, leaving a shambles behind him.
Only thing I'm thank for regarding Liverpool Fc are the Manager (top class), the players (creative and solid) and the fans, who are just wonderful.

Moores resigns...so what?

[Paddock77]

Not sure if this has been posted but wasn't one of the stumbling blocks for DIC when they were first interested the fact that Moores and Parry wanted to stay on the board but DIC wanted them out? Clutching at straws maybe!!!!!!!!!!!

[Crackerjack Sam]

Not sure if this has been posted but wasn't one of the stumbling blocks for DIC when they were first interested the fact that Moores and Parry wanted to stay on the board but DIC wanted them out? Clutching at straws maybe!!!!!!!!!!!

Hence the reason why Moores allegedly, started crying in the boardroom.

[Something Else]

Not sure if this has been posted but wasn't one of the stumbling blocks for DIC when they were first interested the fact that Moores and Parry wanted to stay on the board but DIC wanted them out? Clutching at straws maybe!!!!!!!!!!!

on that same point it was said ages ago that DIC felt disrespected by Moores and Parry when they spoke with the yanks.....

think its clutching though fella

[Liverbird 2010]

on that same point it was said ages ago that DIC felt disrespected by Moores and Parry when they spoke with the yanks.....

think its clutching though fella

Im fumin here watching SSN theres Sheikh Mo sat in a carriage riding around Ascot, what could have been hey 

[kopside]

Im fumin here watching SSN theres Sheikh Mo sat in a carriage riding around Ascot, what could have been hey 

Yeah I saw that aswell.. cant a Liverpool fan just shout out to him!! 

[Redskin]

The announcement's very short and concise, no thanks/best wishes etc (not that he deserves it IMO). Definitely more to come, wish they'd just get on with it, it's the waiting that does it for me.

[west_london_red]

Yeah I saw that aswell.. cant a Liverpool fan just shout out to him!! 

i'll get in the car and drive down, only about 30 minutes away.

[west_london_red]

The announcement's very short and concise, no thanks/best wishes etc (not that he deserves it IMO). Definitely more to come, wish they'd just get on with it, it's the waiting that does it for me.

Maybe hes writing a book?

[bootroom boy]

I honestly believe that the club's been sold.
Moores has been allowed to resign but stay as honorary president in order to save his face.
Sheik Mo has exchanged his carriage for a 'White Charger' and is coming to wupp some american ass!
( all I have to do is dream and drink copious amounts of alcohol)

[Liverbird 2010]

Anyone know what the initials CP stand for? Who it could possibly be?

[Tom_B]

Anyone know what the initials CP stand for? Who it could possibly be?

Carlton Palmer?

[belfast-connection]

when will it end

[Ray K]

Maybe hes writing colouring in a book?

[adamreadthis]

I cant see a groundshare personally as it ruins any possibility of an exit plan for the americans in the next decade that could be considered financially viable

Groundshare would have us in Kirkby in bed with Everton and Tesco....I've been told it has been given the green light by the inquiry but wont become official until September or October.

[rocco]

 Can't see the yanks wanting a ground-share .. unless they expect to stay until they die . ?

[Immoral King Brian Blessed]

I hope this menas new owners and it was contingent on RP and DM going. Best we can hope for, I suppose.