Re: LFC Sold to NESV (New England Sports Ventures)
I must be missing something here.
I have yet to see anything from Girolami QC that suggests that Hicks & Gillett has a cause of action against RBS.
RBS naturally has an interest in seeing its debts sold, but it has not appeared to have any input on the decision to sell to any specific party, that rested with the Board - of which Hicks & Gillett were a part of.
If anything, Hicks & Gillett could explore an action against the Home Team. Based on the tibits in the news, any illegality that Girolami has been trying to point to, it seems to me, could only arise from the Home Team, not RBS. So it's hardly relevant to today's matter with RBS is it?
Unless MB is construed as an agent of RBS, but that appears not to be the case.