LFC Online Live News

Tuesday 21 September 2010

Fan Power Stage 2

Ok, lets get stage 2 under way!

Taken Directly from http://www.lfcreds.com/reds/index.php?topic=33070.new#new

Hi all - again, the Kop Faithful guys and also the staff at YNWA.tv have prepared draft email text and have asked if we can help them - if you can, please send emails as instructed below. Your help's much appreciated.

The email, as you see, challenges the premise of any refinance to the current owners. If you've any questions for Kop Faithful please ask them here:
http://kopfaithful.org/

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To: stephen.hester@rbs.co.uk; john.hourican@rbs.com; roger.lowry@rbs.co.uk; rebecca.oliphant@rbs.com; richard.holliday@rbs.com; tommy.mclean@rbs.co.uk; customer.service.alerts@rbs.co.uk; online.service@rbs.co.uk; invoicefinance@rbs.co.uk; investor.relations@rbsir.com;tom.mckillop@rbs.co.uk; fred.goodwin@rbs.co.uk; guy.whittaker@rbs.co.uk; millermclean@rbs.co.uk; richard.oconnor@rbs.co.uk; info@rbsspreadtrading.co.uk; ellen.alemany@rbs.com; elaine.hunter@rbs.co.uk

CC: gngillett@bcmgt.com; ian.ayre@liverpoolfc.tv; philip.nash@liverpoolfc.tv; thicks@hicksholdings.com; tohjr@hicksholdings.com; martin.broughton@ba.com; mhicks@hicksholdings.com; stephen.schwarzman@blackstone.com; bennett.goodman@blackstone.com; timothy.white@gsocap.com; marketing@gsocap.com; jon.laycock@barcap.com; kopfaithful@hotmail.co.uk

Dear Mr Hester

Following revelations today that the private equity firm The Blackstone Group has ended talks with Tom Hicks regarding a £280m, two-year refinancing package, we ask that you finally take the appropriate action and call in the loans now and end the disastrous ownership of Tom Hicks and George Gillett.

We urge you to take the sale process out of the hands of the owners and their appointed representatives Barcap and focus on selling the club to suitable custodians who can bring stability to the football club, who will invest in the playing squad, and finally deliver the new stadium in Stanley Park on which the future prosperity of the club and the local area depends so much.

The Royal Bank of Scotland have previously stated that they wish to act in the best interests of Liverpool Football Club and that the long-term future of the club will be at the centre of any decisions. Well as a lifelong supporter of LFC and a British tax payer, clearly the best interests of all parties cannot be served by providing further extensions to the current financing arrangements, or by enabling Hicks and Gillett to remain in charge by any other means.

What we want

• Hicks and Gillett out now. RBS to call in the loans with immediate effect and oust the current owners.
• RBS to take over the club in the short-term and retain the current management team of Martin Broughton, Christian Purslow, Ian Ayre and Philip Nash who will continue to run the club on a daily basis until the club is sold.
• RBS to take control of the sale process from Barcap and seek suitable custodians who will: a) clear the current debt and not borrow against the assets of the club; b) run the club with a sensible business model; and c) Construct the new stadium in Stanley Park as soon as is reasonably practicable.

What we don't want

• RBS to extend the refinancing with Gillett and Hicks.
• RBS to sell the debt to a faceless investment bank who will load yet more debt onto LFC, increase the interest repayments, extend the disastrous ownership of Hicks and Gillett and put the final nail in the club's coffin.

Liverpool supporters worldwide are very concerned at the actions of RBS in recent days and get the impression that the bank want to wash their hands of the problems at LFC. While supporters are relieved that Blackstone appear to have pulled out of negotiations with Tom Hicks, inevitably it means that RBS' actions will once more become the main focus for the millions of LFC fans who've joined the successful email campaigns.

It is time for RBS to give something back to the Liverpool fans that contributed towards the £500bn taxpayer bailout, without which you wouldn't have a bank to manage.

Yours faithfully

The Kop Faithful - No to RBS refinance - Liverpool FC
http://kopfaithful.org/

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