HFBoards

Go Back   HFBoards > NHL Eastern Conference > Atlantic Division > Montreal Canadiens
Notices

Gillett in trouble in Liverpool

Reply
 
Thread Tools
Old
12-02-2008, 08:02 AM
  #1
Thinkaboutthat
 
Join Date: Mar 2007
Posts: 112
vCash: 500
Gillett in trouble in Liverpool

According to Sports Business Journal, George Gillett is trying to refinance $75 million of personal debt that pledges his interest in his Liverpool soccer team as collateral. If Gillett were unable to refinance and did not pay off the loan when it is due on Jan. 25, he would then default, meaning the lender could seek his ownership position. The interest rate is 19%!
Story: http://www.sportsbusinessjournal.com/article/60725

La Presse Jean-Francois Begin is in Liverpool and he asked to talk to Gillett at the stadium yesterday. Gillett refused.
http://www.cyberpresse.ca/opinions/c...-liverpool.php

Thinkaboutthat is offline   Reply With Quote
Old
12-02-2008, 08:05 AM
  #2
BigTimer*
 
Join Date: Dec 2005
Posts: 2,970
vCash: 500
19%? Did he put that on his VISA or what?

BigTimer* is offline   Reply With Quote
Old
12-02-2008, 08:14 AM
  #3
onice
Registered User
 
Join Date: Jan 2004
Location: Montreal
Posts: 5,002
vCash: 50
Quote:
Originally Posted by BigTimer View Post
19%? Did he put that on his VISA or what?
That's 19% a day. He went to see Vinnie "Five Fingers Discount" Collacci in St Leonard.

Apparently the word in the village is that if Gillet doesn't pay the vig on time he loses the Habs too.

Boy! the French Press will have something to b*tch about then. One pip outta them about the mistreatment of Lats or any other native son and they'll be measured for new shoes - the sturdy, waterproof kind.

onice is offline   Reply With Quote
Old
12-02-2008, 08:53 AM
  #4
Thinkaboutthat
 
Join Date: Mar 2007
Posts: 112
vCash: 500
Risk was pretty high to justify a 19% interest rate. Imagine if you had to pay that kind of rate on your mortgage!!!

Thinkaboutthat is offline   Reply With Quote
Old
12-02-2008, 09:10 AM
  #5
CastroLeRobot
Hab-a-bouille
 
CastroLeRobot's Avatar
 
Join Date: Oct 2007
Location: Montreal
Country: Canada
Posts: 719
vCash: 500
there is no such thing as a 19% interest rate A DAY. 19% a year is pretty high. 75 millions at 19% for 2 months is almost 2.5 million dollars in interests

CastroLeRobot is offline   Reply With Quote
Old
12-02-2008, 09:12 AM
  #6
otto bond
Registered User
 
otto bond's Avatar
 
Join Date: Jan 2007
Country: Canada
Posts: 4,785
vCash: 500
Quote:
Originally Posted by onice View Post
That's 19% a day. He went to see Vinnie "Five Fingers Discount" Collacci in St Leonard.

Apparently the word in the village is that if Gillet doesn't pay the vig on time he loses the Habs too.

Boy! the French Press will have something to b*tch about then. One pip outta them about the mistreatment of Lats or any other native son and they'll be measured for new shoes - the sturdy, waterproof kind.
Balsillie is a lair

otto bond is offline   Reply With Quote
Old
12-02-2008, 09:23 AM
  #7
Fido22
Registered User
 
Fido22's Avatar
 
Join Date: Jun 2006
Posts: 5,690
vCash: 500
Uncle George is over leveraged

Seriously,

EDIT: Over leveraged America

Fido22 is offline   Reply With Quote
Old
12-02-2008, 09:26 AM
  #8
onice
Registered User
 
Join Date: Jan 2004
Location: Montreal
Posts: 5,002
vCash: 50
Quote:
Originally Posted by CastroLeRobot View Post
there is no such thing as a 19% interest rate A DAY. 19% a year is pretty high. 75 millions at 19% for 2 months is almost 2.5 million dollars in interests
You, sir, have obviously never been to a loan shark.

That was a joke. I thought the flippant use of ethnic stereotypes would give it away. Apparently, I forgot to whom I was posting. Next time I'll use the sarcasm icon

onice is offline   Reply With Quote
Old
12-02-2008, 09:29 AM
  #9
BigTimer*
 
Join Date: Dec 2005
Posts: 2,970
vCash: 500
Quote:
Originally Posted by Fido22 View Post
Uncle George is over leveraged

Seriously,

EDIT: Over leveraged America
I think he's ****ed. His only hope comes from private investors that would like to team up with him. No way does he manage to refinance this on his own... banks are having none of it.

BigTimer* is offline   Reply With Quote
Old
12-02-2008, 09:29 AM
  #10
Habs 4 Life
No Excuses
 
Habs 4 Life's Avatar
 
Join Date: Mar 2005
Location: Montreal
Country: Italy
Posts: 32,347
vCash: 500
Quote:
Originally Posted by onice View Post
That's 19% a day. He went to see Vinnie "Five Fingers Discount" Collacci in St Leonard.

Apparently the word in the village is that if Gillet doesn't pay the vig on time he loses the Habs too.

Boy! the French Press will have something to b*tch about then. One pip outta them about the mistreatment of Lats or any other native son and they'll be measured for new shoes - the sturdy, waterproof kind.
Probably the only way the Habs start getting some respect around the league

Habs 4 Life is offline   Reply With Quote
Old
12-02-2008, 09:35 AM
  #11
Fido22
Registered User
 
Fido22's Avatar
 
Join Date: Jun 2006
Posts: 5,690
vCash: 500
Quote:
Originally Posted by BigTimer View Post
I think he's ****ed. His only hope comes from private investors that would like to team up with him. No way does he manage to refinance this on his own... banks are having none of it.
I agree. Banks would have none of it back then judging by the identity of the lender and the conditions of financing. Imagine now, in the current context.

Hopefully, he doesn't have any personal guarantees in his Liverpool financings.

I think his business model is dead, like the rest of the over leveraged stack of cards economy.

Fido22 is offline   Reply With Quote
Old
12-02-2008, 09:37 AM
  #12
onice
Registered User
 
Join Date: Jan 2004
Location: Montreal
Posts: 5,002
vCash: 50
Hey, Habs4life, I am one of the few people on this board who knows what your little caption means.

Suca mu quatzo.

Your folks are probably from southern Italy. Northerns wouldn't write it that way. Northerns would probably not ask for that favor either.

Actually it should be:
suca mu quatz'. There is no "o". The "o" is silent.

onice is offline   Reply With Quote
Old
12-02-2008, 09:44 AM
  #13
Roots73
Registered User
 
Roots73's Avatar
 
Join Date: May 2004
Country: United Kingdom
Posts: 285
vCash: 500
Does this mean that the Theodore's are going to own the Habs?

Roots73 is offline   Reply With Quote
Old
12-02-2008, 09:48 AM
  #14
dutchy29
Registered User
 
dutchy29's Avatar
 
Join Date: Nov 2007
Location: SIRISAACBROCKVILLE
Country: Canada
Posts: 1,399
vCash: 500
Quote:
Originally Posted by Roots73 View Post
Does this mean that the Theodore's are going to own the Habs?
I've always wanted the Mafia to own the Habs, my dreams are finally coming true.

dutchy29 is offline   Reply With Quote
Old
12-02-2008, 11:01 AM
  #15
CastroLeRobot
Hab-a-bouille
 
CastroLeRobot's Avatar
 
Join Date: Oct 2007
Location: Montreal
Country: Canada
Posts: 719
vCash: 500
Quote:
Originally Posted by onice View Post
You, sir, have obviously never been to a loan shark.

That was a joke. I thought the flippant use of ethnic stereotypes would give it away. Apparently, I forgot to whom I was posting. Next time I'll use the sarcasm icon
sorry, I read your post too fast and didn't get the Vinnie in St-Leonard...

What's that with the "I forgot to whom I was posting", do you know me? Have I ever replied to your posts before?

CastroLeRobot is offline   Reply With Quote
Old
12-02-2008, 11:17 AM
  #16
C4KOMI
 
C4KOMI's Avatar
 
Join Date: Nov 2008
Country: Canada
Posts: 1,023
vCash: 500
there goes GILLETTE here comes RIM.

C4KOMI is offline   Reply With Quote
Old
12-02-2008, 11:18 AM
  #17
Travis Moen
Registered User
 
Travis Moen's Avatar
 
Join Date: May 2006
Location: Montréal
Posts: 1,806
vCash: 500
I hope Liverpool goes bankrupt and sells all their players.

Travis Moen is offline   Reply With Quote
Old
12-02-2008, 01:57 PM
  #18
Tuggy
Registered User
 
Tuggy's Avatar
 
Join Date: Nov 2003
Location: Saint John
Country: Canada
Posts: 28,476
vCash: 50
Quote:
Originally Posted by C4KOMI View Post
there goes GILLETTE here comes RIM.
Ha, I wonder if that would happen.

Tuggy is offline   Reply With Quote
Old
12-02-2008, 02:13 PM
  #19
RC51
Registered User
 
RC51's Avatar
 
Join Date: Dec 2005
Posts: 3,576
vCash: 500
Oh God, could this be a secret plot by Burke to get Gillett in trouble and then Toronto steps in to buy the Habs and then Burke can just transfer all good players on the Habs to the Leafs.

RC51 is offline   Reply With Quote
Old
12-02-2008, 02:27 PM
  #20
Guy Germaine
Registered User
 
Guy Germaine's Avatar
 
Join Date: Jul 2005
Location: Montreal
Country: Canada
Posts: 1,581
vCash: 500
Quote:
Originally Posted by RC51 View Post
Oh God, could this be a secret plot by Burke to get Gillett in trouble and then Toronto steps in to buy the Habs and then Burke can just transfer all good players on the Habs to the Leafs.
Burke likes size and toughness....so no.

Guy Germaine is offline   Reply With Quote
Reply

Forum Jump


Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 02:16 AM.

monitoring_string = "e4251c93e2ba248d29da988d93bf5144"
Contact Us - HFBoards - Archive - Privacy Statement - Terms of Use - Advertise - Top - AdChoices

vBulletin Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
HFBoards.com is a property of CraveOnline Media, LLC, an Evolve Media, LLC company. ©2014 All Rights Reserved.