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LFC SOLD to NESV.

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Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=TheBunnyman link=topic=41783.msg1193338#msg1193338 date=1286891490]
Is it really bad for us if they go with the full trial next week?
[/quote]

Not really, I think the Judge might feel that Hicks has managed to throw in enough muck to at least warrant a full study of the facts.

I don't agree though; thier case is wishy-washy.
 
Re: LFC Sold to NESV (New England Sports Ventures)

I'm well and truly lost.

I wish it would all be over.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Just delays the inevitable that the club will be sold but will NESV stick about if thats the case and will RBS have the balls to put us into administration in between ?
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=FoxForceFive link=topic=41783.msg1193340#msg1193340 date=1286891585]
the guardian blog crashed!
[/quote]

Still working for me mate (try it again).
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=i_rushie link=topic=41783.msg1193339#msg1193339 date=1286891574]
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.
[/quote]

They don´t have a cause of action against RBS, they just want to invalidate the sale to NESV. The first tactic was by attempting to sack the Board, the latest being them claiming the Board broke the agreement with RBS by not considering an offer which appears to have been made after the acceptance of the NESV case.

If that is the case then they´ll be going home with their tails between their legs soon.

It´s unusual that effectively the party that is claiming the breach of contract (the LFC Board) is the party that is alleged to have comitted it.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=i_rushie link=topic=41783.msg1193339#msg1193339 date=1286891574]
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.
[/quote]

He's probablyclaiming that RBS colludedwith Broughton.
 
Re: LFC Sold to NESV (New England Sports Ventures)

2.57pm: Lord Grabiner QC is now speaking on behalf of the Liverpool board. He tells the court the two alternative offers for the club are "besides the mark" as it is the role of the board to find a buyer, so if they decide to go for NESV then so be it
 
Re: LFC Sold to NESV (New England Sports Ventures)

Is the full trial looking likely/

I knew this wouldn't be as straightfoward as some on here thought.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Hansern link=topic=41783.msg1193352#msg1193352 date=1286892143]
Come on Grabiner!!
[/quote]

Yeh come LG !!! I see whats happening here - someone talking on behalf of RBS, H&G and LFC board respectively...
 
Re: LFC Sold to NESV (New England Sports Ventures)

3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
 
Re: LFC Sold to NESV (New England Sports Ventures)

nothin really happened, desion to be made soon though
 
Re: LFC Sold to NESV (New England Sports Ventures)

Grabiner QC - alternative offers are "besides the mark" - role of the board to find a buyer, so if they decide to go for NESV then so be it.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=RMA link=topic=41783.msg1193357#msg1193357 date=1286892327]
3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
[/quote]

Clever.

In order to drag the thing out to next week for a trial the judge would need to grant an injunction restraining anything changing in the intervening period.

An injunction is not granted in a situation where damages would be an adequate remedy.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=LadyRed link=topic=41783.msg1193354#msg1193354 date=1286892155]
Is the full trial looking likely/

I knew this wouldn't be as straightfoward as some on here thought.
[/quote]

wont the club be in administration before it goes to a full trial?
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Rosco link=topic=41783.msg1193360#msg1193360 date=1286892463]
[quote author=RMA link=topic=41783.msg1193357#msg1193357 date=1286892327]
3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
[/quote]

Clever.

In order to drag the thing out to next week for a trial the judge would need to grant an injunction restraining anything changing in the intervening period.

An injunction is not granted in a situation where damages would be an adequate remedy.
[/quote]

This guy is supposed to be some kind of legal whizz I believe..
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Sunny link=topic=41783.msg1193363#msg1193363 date=1286892510]
[quote author=Rosco link=topic=41783.msg1193360#msg1193360 date=1286892463]
[quote author=RMA link=topic=41783.msg1193357#msg1193357 date=1286892327]
3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
[/quote]

Clever.

In order to drag the thing out to next week for a trial the judge would need to grant an injunction restraining anything changing in the intervening period.

An injunction is not granted in a situation where damages would be an adequate remedy.
[/quote]

This guy is supposed to be some kind of legal whizz I believe..
[/quote]

Cleverererer than Matlock even?
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Sunny link=topic=41783.msg1193363#msg1193363 date=1286892510]
[quote author=Rosco link=topic=41783.msg1193360#msg1193360 date=1286892463]
[quote author=RMA link=topic=41783.msg1193357#msg1193357 date=1286892327]
3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
[/quote]

Clever.

In order to drag the thing out to next week for a trial the judge would need to grant an injunction restraining anything changing in the intervening period.

An injunction is not granted in a situation where damages would be an adequate remedy.
[/quote]

This guy is supposed to be some kind of legal whizz I believe..
[/quote]

As long as he gets us the result we need I dont care if he is your uncle Vinny
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Stulikesdrums link=topic=41783.msg1193364#msg1193364 date=1286892634]
[quote author=Sunny link=topic=41783.msg1193363#msg1193363 date=1286892510]
[quote author=Rosco link=topic=41783.msg1193360#msg1193360 date=1286892463]
[quote author=RMA link=topic=41783.msg1193357#msg1193357 date=1286892327]
3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).
[/quote]

Clever.

In order to drag the thing out to next week for a trial the judge would need to grant an injunction restraining anything changing in the intervening period.

An injunction is not granted in a situation where damages would be an adequate remedy.
[/quote]

This guy is supposed to be some kind of legal whizz I believe..
[/quote]

Cleverererer than Matlock even?
[/quote]

he is better than this guy?

You Can't Handle The Truth
 
Re: LFC Sold to NESV (New England Sports Ventures)

3.08pm: In Hicks's letter/witness statement to the court he writes that during telephone meeting the board had at the start of last week (the one which broke down at adjournment), Hicks Jr was involved. Lord Grabiner questions why this happened as "Hicks Minor" is not on the board.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1193361#msg1193361 date=1286892485]
[quote author=LadyRed link=topic=41783.msg1193354#msg1193354 date=1286892155]
Is the full trial looking likely/

I knew this wouldn't be as straightfoward as some on here thought.
[/quote]

wont the club be in administration before it goes to a full trail?
[/quote]

Can't see RBS having the balls to put us into administration especially when the moneys on the table to do the deal once the Cunts have been removed.
 
Re: LFC Sold to NESV (New England Sports Ventures)

is anybody seriously expecting this to be concluded today? I'm pretty sure with what's at stake, the losing side will definitely lodge an appeal. The problem is whether the courts will allow the appeal process to be conducted before the fri deadline. And if not, or if there H+G play the delay game, what happens when 15th comes around and there's still no resolution. This is what H+G is trying for. Why though? To spite, and possibly get -9 pt deduction as their last act of 'revenge'? Or to cause NESV to pull out of the deal and hence reopening the bidders? I really don't know the end game. Any ideas people?
 
Re: LFC Sold to NESV (New England Sports Ventures)

Lol at the 'home team' stuff.

Pure class from Broughton et al.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=etchy link=topic=41783.msg1193370#msg1193370 date=1286892797]
is anybody seriously expecting this to be concluded today? I'm pretty sure with what's at stake, the losing side will definitely lodge an appeal. The problem is whether the courts will allow the appeal process to be conducted before the fri deadline. And if not, or if there H+G play the delay game, what happens when 15th comes around and there's still no resolution. This is what H+G is trying for. Why though? To spite, and possibly get -9 pt deduction as their last act of 'revenge'? Or to cause NESV to pull out of the deal and hence reopening the bidders? I really don't know the end game. Any ideas people?
[/quote]

The sale will go ahead and the Yanks will be allowed to attempt to sue for damages later on. I should add a big IMHO at the end here.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Rosco link=topic=41783.msg1193372#msg1193372 date=1286892875]
[quote author=etchy link=topic=41783.msg1193370#msg1193370 date=1286892797]
is anybody seriously expecting this to be concluded today? I'm pretty sure with what's at stake, the losing side will definitely lodge an appeal. The problem is whether the courts will allow the appeal process to be conducted before the fri deadline. And if not, or if there H+G play the delay game, what happens when 15th comes around and there's still no resolution. This is what H+G is trying for. Why though? To spite, and possibly get -9 pt deduction as their last act of 'revenge'? Or to cause NESV to pull out of the deal and hence reopening the bidders? I really don't know the end game. Any ideas people?
[/quote]

The sale will go ahead and the Yanks will be allowed to attempt to sue for damages later on.
[/quote]

you think that's what will happen?
 
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