LFC SOLD to NESV.

Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Whaddapie link=topic=41783.msg1196457#msg1196457 date=1287081217]
[quote author=Avmenon link=topic=41783.msg1196454#msg1196454 date=1287081076]
[quote author=Whaddapie link=topic=41783.msg1196448#msg1196448 date=1287080844]
Some of the "thinking" behind Hicks' decision to enter a Dallas court...

Steve Stodghill, a lawyer for Hicks and Gillett, said the Texas court had jurisdiction to halt the sale because of all the defendants' business connections to North Texas.

Among the factors that give the Texas court a say: The Royal Bank of Scotland solicits business and has a registered agent here; Broughton had meetings in Dallas with Hicks; and the Red Sox play the Texas Rangers each year in Arlington, Stodghill said.

"It is totally fair for us to pull RBS and the defendants into a Texas court," he said, adding that Hicks picked state court over federal court mostly for speed.


The local newspaper is at www.dallasnews.com, if anybody wants to search through the site - There's not a lot of new stuff there...

[/quote]

Comments like these are the reason people unfairly regard Texans as being morons.
[/quote]

Comments made by a lawyer (a texan) to justify his client's (whos a texan) case..? I see.
[/quote]Innit Pie man *high five*
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

Breaking: five live say NESV confident of concluding a deal tonight!
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

We may get new owners very soon but I don't think we will have heard the last of Mr Tom Hicks by any means.




Tom Hicks's aggression and refusal to go quietly shock 'Liverpool Three'


Martin Broughton, Christian Purslow and Ian Ayre – or the Liverpool Three, as they may soon be christened – always knew Tom Hicks would not go quietly if they decided as directors that the best, solid offers for the club were lower than the payday the Texan had set his mind on.

As his petition makes clear, even before the fevered allegations of "epic swindle" and conspiracies by the three directors and Royal Bank of Scotland, Hicks is obsessed with the valuation put on Liverpool by Forbes magazine. In their list of "Soccer Team valuations" 2010, Forbes make that value $822m (£514m), a figure, Hicks's lawyers state with his frustration evident, "greatly exceeding Liverpool FC's outstanding debt".

That is the core of all his opposition to the deal the three – the proper majority on the board, the high court decided yesterday – agreed with New England Sports Ventures. It would pay off only the £200m Hicks's and George Gillett's holding company owes RBS, the cost of buying the club in the first place, and £100m of Liverpool's other debts. Hicks simply believes it is not enough. His petition says he and Gillett, because of their "substantial efforts to ensure that Liverpool FC's long, proud and successful history on the pitch will continue", can get what Forbes reckons they should.

Whether the US finance magazine ever thought the valuations it works up to sell copies would be used quite so authoritatively in a court action in which Hicks is claiming "punitive damages that may exceed $1bn" from the Liverpool three personally, Forbes has not said.

Broughton has consistently argued, as in court yesterday, that of all interest communicated to buy Liverpool, some of which Hicks recites in his petition, only NESV and Peter Lim, the Singapore businessman, produced solid proposals and proof of funds. Some may agree Hicks has a point: Liverpool are surely worth more than £300m and NESV, led by John W Henry, has itself a steal. Broughton's response, set out in court, is that after an exhaustive worldwide search, these were the best offers, and therefore this is the club's true value.

The main reason for this lower valuation is the "acquisition debt" Hicks and Gillett borrowed from RBS to buy the club, then made it the club's responsibility to service. Hicks's petition nowhere mentions this, that he and Gillett borrowed that money, or that the club has had to pay around £40m interest a year to service it, or even that the money is still owed to RBS. "Messrs Hicks and Gillett have helped to solidify Liverpool FC's financial position," the petition says.

Some who have worked for Hicks say he always believes in his own mission, and has a warrior's belief in taking his fight to the limit. Hicks placed his own baseball team, the Texas Rangers, into administrative bankruptcy last year after his holding company, Hicks Sports Group, defaulted on loans of $525m, which, as with RBS, banks that had lent it readily before the credit crunch decided they wanted back.

So Broughton, Purslow and Ayre were ready for opposition from Hicks – who, rather than Gillett, with whom he has also periodically rowed, is making all the running in this battle. Broughton took consistent, careful legal advice from the club's solicitor, Slaughter & May, at every step, documenting the extensiveness of the sales process, and all communication with Hicks and Gillett, as directors and shareholders.

Yet even knowing Hicks would do everything he could to defend his position and seek more money, his moves have still shocked with their aggression. Rather than attend last Tuesday week's board meeting, even by conference call, and argue the club should be securing more than £300m, Hicks attempted the ploy of sacking Purslow and Ayre, and replacing them not with acknowledged expert directors suitable for Liverpool, but his son Mack and Mack's assistant.

That was when Broughton went on the attack, claiming, on advice from Slaughter & May, yesterday upheld in court, that Hicks and Gillett were committing "flagrant abuses of their undertakings".

Then in the high court, Hicks's lawyer, Paul Girolami QC, sought to argue that the "English directors" had ganged up on Hicks and Gillett, and kept them out of discussions, rejecting higher offers for Liverpool, for reasons unexplained.

After Hicks lost that case, and with the sale to NESV about to proceed, Hicks then launched this claim, which says Broughton, Purslow and Ayre did all this – schemed to secure a lower deal for Liverpool – because they were "caving to the demands of Liverpool supporters", that Broughton "had become a mere puppet of RBS" and that they all indulged in a "grand conspiracy".

Last night's injunction, which Liverpool and RBS are seeking to overturn, came as a blow but, on a moment's reflection, the further resistance from Hicks was not surprising. What jarred, though, was the violence of the language in this legal document, the descriptions – of "defendant Broughton and another unnamed co-conspirator", the claim of an "epic swindle" – by a man who seems to believe he has brought solid success to Liverpool football club.

The claim reveals the great risks Broughton, Purslow and Ayre have been taking for, whatever Hicks's petition says about their admittedly handsome bonuses, no huge advantage to themselves. He is suing them personally for "hundreds of millions of dollars in actual damages" and the billion dollar punitive damages. Their home addresses are printed in the petition, and Hicks is threatening them with this ruination, apparently seriously believing they conspired in an "epic swindle" to lose him the profit he thinks he should make on the sale.

As English football acclimatises to overseas ownership of its great clubs, which is still unique in the world game, those who run it should pause to ask a question: Can anybody quite believe that the future of Liverpool football club has been put at risk, and is being fought over, in a district court in Dallas, Texas?


http://www.guardian.co.uk/football/2010/oct/14/tom-hicks-liverpool
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Judge Jules link=topic=41783.msg1196459#msg1196459 date=1287081278]
Avvy, I've got to say I came across a number of occasions in my career on which individuals in this country (whether lawyers or not) sought to put similar non-reasons forward for issuing proceedings in one court as opposed to another.
[/quote]

I know that.

I was saying that it was stupid comments like that which get people making silly comments UNFAIRLY.

Trust DallasRed to go mental though, no surprises there.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

7.32pm: At least there are some law-talking guys reading this, one of whom has responded to Colin
Prudhoe's earlier digging (7:13pm) ...

I'm afraid it's not as simple as in your para at 7.13. The link you show refers to the district court's jurisdiction as between itself and other domestic courts. The complex rules that govern whether the Dallas court should have seised itself of jurisdiction is covered by private international law. The Dallas court granted its TRO in an ex parte hearing – which means Liverpool didn't have a chance to put their case forward. If they were there, Liverpool would have argued that Dallas should decline jurisdiction or stay its action on the grounds on forum non conveniens, that is, the English Court was much more suitable than the Dallas court and had, in any case, been first seised of the proceedings. Sorry for the latin, they still use it sometimes in law.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Hansern link=topic=41783.msg1196464#msg1196464 date=1287081495]
Breaking: five live say NESV confident of concluding a deal tonight!
[/quote]Like they were confident of Mill owning liverpool earlier. Or hicks winning this afternoon?

*sighs* Oh fuck it...
*begins stroking already red raw and aching penis*
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196468#msg1196468 date=1287081637]
[quote author=Hansern link=topic=41783.msg1196464#msg1196464 date=1287081495]
Breaking: five live say NESV confident of concluding a deal tonight!
[/quote]Like they were confident of Mill owning liverpool earlier. Or hicks winning this afternoon?

*sighs* Oh fuck it...
*begins stroking already red raw and aching penis*
[/quote]

*sighs*

*dons waterproofs*
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196468#msg1196468 date=1287081637]
[quote author=Hansern link=topic=41783.msg1196464#msg1196464 date=1287081495]
Breaking: five live say NESV confident of concluding a deal tonight!
[/quote]Like they were confident of Mill owning liverpool earlier. Or hicks winning this afternoon?

*sighs* Oh fuck it...
*begins stroking already red raw and aching penis*
[/quote]

Does it look like a brunch yet?
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Avmenon link=topic=41783.msg1196466#msg1196466 date=1287081568]
[quote author=Judge Jules link=topic=41783.msg1196459#msg1196459 date=1287081278]
Avvy, I've got to say I came across a number of occasions in my career on which individuals in this country (whether lawyers or not) sought to put similar non-reasons forward for issuing proceedings in one court as opposed to another.
[/quote]

I know that.

I was saying that it was stupid comments like that which get people making silly comments UNFAIRLY.

Trust DallasRed to go mental though, no surprises there.
[/quote]

Mental? I see...
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

Well, apperantly Henry is at the office of Slaughter and May tonight.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Whaddapie link=topic=41783.msg1196471#msg1196471 date=1287081805]

Mental? I see...
[/quote]

Never mind mental, do you have confirmation yet ?
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

Dear Hicks,

You bought the club with the bank's money.

You didn't pay off your debt to the bank, so you no longer own the asset.

Now fuck off, u Kentucky fried cunt
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=the count link=topic=41783.msg1196470#msg1196470 date=1287081772]
[quote author=Herr Onceared link=topic=41783.msg1196468#msg1196468 date=1287081637]
[quote author=Hansern link=topic=41783.msg1196464#msg1196464 date=1287081495]
Breaking: five live say NESV confident of concluding a deal tonight!
[/quote]Like they were confident of Mill owning liverpool earlier. Or hicks winning this afternoon?

*sighs* Oh fuck it...
*begins stroking already red raw and aching penis*
[/quote]

Does it look like a brunch yet?
[/quote]Its bad mate. The last ejaculation was just salt. Im expecting the next to be a fine jizz smelling talcy mist.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Hansern link=topic=41783.msg1196473#msg1196473 date=1287081847]
Well, apperantly Henry is at the office of Slaughter and May tonight.
[/quote]Thats a pub.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196479#msg1196479 date=1287081954]
[quote author=Hansern link=topic=41783.msg1196473#msg1196473 date=1287081847]
Well, apperantly Henry is at the office of Slaughter and May tonight.
[/quote]Thats a pub.
[/quote]

Hahaha
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Hansern link=topic=41783.msg1196473#msg1196473 date=1287081847]
Well, apperantly Henry is at the office of Slaughter and May tonight.
[/quote]

Hopefully we're in court in Dallas applying to lift that injunction. If we are, John Henry and the lawyers (and, I suspect, Broughton and co.) may be awaiting the outcome at Slaughter & May's place in the hope that they can then go ahead and sign the contract tonight.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Sunny link=topic=41783.msg1196474#msg1196474 date=1287081886]
[quote author=Whaddapie link=topic=41783.msg1196471#msg1196471 date=1287081805]

Mental? I see...
[/quote]

Never mind mental, do you have confirmation yet ?
[/quote]Exactly mate. Whaddapie, you are actually there. In the belly of the beast. WHat news from Mordor?
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Sunny link=topic=41783.msg1196474#msg1196474 date=1287081886]
[quote author=Whaddapie link=topic=41783.msg1196471#msg1196471 date=1287081805]

Mental? I see...
[/quote]

Never mind mental, do you have confirmation yet ?
[/quote]

I do.

But Tom Hicks has applied to a court in Abu Dabhi to have a temporary restraining order taken out against me, so I cannot reveal the answer until a lawyer from Lima, Peru has had it removed.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Judge Jules link=topic=41783.msg1196485#msg1196485 date=1287082126]
Has had what removed? 😉
[/quote]Hicks lips.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196486#msg1196486 date=1287082152]
[quote author=Judge Jules link=topic=41783.msg1196485#msg1196485 date=1287082126]
Has had what removed? 😉
[/quote]Hicks lips.
[/quote]

Where are they lodged?
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196476#msg1196476 date=1287081918]
Its bad mate. The last ejaculation was just salt. Im expecting the next to be a fine jizz smelling talcy mist.
[/quote]


For fucks sake.

shanghai-storm-water.on.windscreen.jpg


*wipes screen*
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

This thread represents 170th of the posts in the entire history of this site.
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

tariqpanja
Last little update for now. Gillett is in London consulting with his lawyers. May be nothing left to consult about. We'll see. #LFC
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Herr Onceared link=topic=41783.msg1196494#msg1196494 date=1287082313]
This thread represents 170th of the posts in the entire history of this site.
[/quote]

How many posts do we need to get to - to represent 95% of all posts in the entire history of this site?
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Terrier link=topic=41783.msg1196498#msg1196498 date=1287082422]
[quote author=Herr Onceared link=topic=41783.msg1196494#msg1196494 date=1287082313]
This thread represents 170th of the posts in the entire history of this site.
[/quote]

How many posts do we need to get to - to represent 95% of all posts in the entire history of this site?
[/quote]About 900,000
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

Can't find anything new, lads - Just that they were scheduled to regroup in court approx. 2 hours ago, with representitives from both sides present this time...
 
Re: LFC not yet sold to NESV (but we're getting there, maybe...)

[quote author=Whaddapie link=topic=41783.msg1196458#msg1196458 date=1287081248]
[quote author=Sunny link=topic=41783.msg1196456#msg1196456 date=1287081205]
[quote author=Herr Onceared link=topic=41783.msg1196455#msg1196455 date=1287081135]
[quote author=Avmenon link=topic=41783.msg1196454#msg1196454 date=1287081076]
[quote author=Whaddapie link=topic=41783.msg1196448#msg1196448 date=1287080844]
Some of the "thinking" behind Hicks' decision to enter a Dallas court...

Steve Stodghill, a lawyer for Hicks and Gillett, said the Texas court had jurisdiction to halt the sale because of all the defendants' business connections to North Texas.

Among the factors that give the Texas court a say: The Royal Bank of Scotland solicits business and has a registered agent here; Broughton had meetings in Dallas with Hicks; and the Red Sox play the Texas Rangers each year in Arlington, Stodghill said.

"It is totally fair for us to pull RBS and the defendants into a Texas court," he said, adding that Hicks picked state court over federal court mostly for speed.


The local newspaper is at www.dallasnews.com, if anybody wants to search through the site - There's not a lot of new stuff there...

[/quote]

Comments like these are the reason people unfairly regard Texans as being morons.
[/quote]Yeah that plus theyre all fucking morons.
[/quote]

who take it up the arse. Cos of the pledge like.
[/quote]

That has not been confirmed at this point.
[/quote]


well take your packet of Kerrygold off down to the local Baptist Youth Church dance and confirm it then, damn it.
 
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