by Ciggy » Fri Jun 19, 2009 12:06 pm
David Moores as Chairman has overseen our post Hillsborough playing decline, and economic decline, compared to our rivals. He appointed Rick Parry who failed similarly, Hicks was right about him. M&P as Chairman and CEO recommended a sale of LFC on the basis that the current board could not raise the money required for a new stadium. They were wrong.We now have the level of debt that a new stadium would have brought - but no new stadium.
Moores was £8m better off selling to G&H than DIC. The sale to them was motivated by personal profit. When it became apparent that the debt had been put on the club and that G&H could not offer the finance that they promised M&P could (should) have resigned - they CHOSE not to. Parry has happily drawn a CEOs salary from twit & tw@t and his Directors perks, Moores has at least his Directors perks, aswell as a salary and a free ride and free bar.
The board comprises five members G&H, Gillette jnr, M&P. M&P could NOT outvote G&H. They have prevented NOTHING.
Out done 2-4.
Moores apparently trousered around £90m from the sale of the club. The Moores Family was worth around £1.16bn in 2006. Dont forget that our interest payments are paying for that £90m. Moores has the wherewithall to both buy back a significant minority stake, or lead a consortium to try to buy back the club. He chooses not to.
The fact that M&P are "fans" is irrelevant, and arguably makes things worse. "Fans" that are self seeking, weak and venal. At least G&H no longer pretend to be anything other than that which they are.
What does Moores departure mean? Nothing. By hanging on to his Life Presidency he mocks any pretence of being a Red and will no doubt be rightly mocked by G&H as he huddles in a corner of the Directors Suite reminiscing with his old mates who he has bunged a few comps to about the good old days in the eighties.
Will Moores ever speak out? I doubt it, travelling away with the Official party is too nice. Parry?
You can bet that his severance terms include a confientiality agreement. both of their departures may be the final chapter of this sorry saga - but it is not the final page.
Xerveres1 an ITK from rawk.
There is no-one anywhere in the world at any stage who is any bigger or any better than this football club.
Kenny Dalglish 1/2/2011
REST IN PEACE PHIL, YOU WILL NEVER BE FORGOTTEN.