Hicks - Liverpool is just business
http://football.guardian.co.uk/championsleague200607/story/0,,2085147,00.html
Interesting quote from our lovable owner, which I'm sure our friends across the pond will embrace:
"Hopefully the club will have extra cash flow so they can pay us a dividend to do that," Hicks said when asked how the cost of the loan would be met. "If they don't, then it will come from our pockets. But the club will have to have profits sufficient to pay those dividends."
"When I was in the leverage buy-out business we bought Weetabix and we leveraged it up to make our return. You could say that anyone who was eating Weetabix was paying for our purchase of Weetabix. It was just business. It is the same for Liverpool; revenues come in from whatever source and go out to whatever source and, if there is money left over, it is profit"
Translation - Financial Flexibility is on the way!
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when is he going to learn to shut his mouth
by cgolden on May 22, 2007 9:49 AM CDT 0 recs
LOL
We Liverpool fans walk a very fine line between passionate and completely insane.
That said, several of our star players are about to get new contracts, and the manager has been promised a good deal of money to spend this summer, so I'm not that worried about "financial flexibility" yet. Not to mention that Liverpool does a far better job of generating revenue than the Rangers. 18 league titles and 5 (hopefully soon to be 6) Champions League titles has a way of making your club attractive to potential advertisers and fans.
by RCCook on
May 22, 2007 9:54 AM CDT
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So here's the question
At least his sports franchises seem to have success, I guess.
by zywica on
May 22, 2007 12:37 PM CDT
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owning teams
- to make money
- ego purposes
honestly i can't really fault him for looking at it as a business because it IS a business... but fan's don't need to hear about your bottom line and financial woes
by rentz on May 22, 2007 9:51 AM CDT 0 recs
Hicks' comments
by RCCook on May 22, 2007 10:14 AM CDT 0 recs
So what
by t ball on May 22, 2007 10:17 AM CDT 0 recs
I may be wrong
by shallrelicme on
May 22, 2007 10:38 AM CDT
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That seems to have worked well
by DJCahill on
May 22, 2007 11:04 AM CDT
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yeah
by ab03 on
May 22, 2007 11:22 AM CDT
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When Steinbrenner bought the Yankees
You can mismanage franchises. Guys who run franchised for cash flow tend to have bad franchises that don't appreciate in value.
by DJCahill on
May 22, 2007 11:31 AM CDT
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How much
by t ball on
May 22, 2007 2:11 PM CDT
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