T
LFC SOLD to NESV.
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Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=Mystic link=topic=41783.msg1196963#msg1196963 date=1287133643]
My only worry is why would Hicks do this, he must have some sort of plan?
[/quote]
Cos the TRO prevents him selling the shares. He has to lift the TRO to sell the shares to Mill.
[quote author=Mystic link=topic=41783.msg1196963#msg1196963 date=1287133643]
My only worry is why would Hicks do this, he must have some sort of plan?
[/quote]
Cos the TRO prevents him selling the shares. He has to lift the TRO to sell the shares to Mill.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=DHSC link=topic=41783.msg1196973#msg1196973 date=1287133946]
Pay the money now NESV!
[/quote]
Anyone near Slaughter and May who owns a helicopter? Fly the fucking cheque to the RBS head office now!
[quote author=DHSC link=topic=41783.msg1196973#msg1196973 date=1287133946]
Pay the money now NESV!
[/quote]
Anyone near Slaughter and May who owns a helicopter? Fly the fucking cheque to the RBS head office now!
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=Farkmaster link=topic=41783.msg1196882#msg1196882 date=1287129259]
[quote author=spider-neil link=topic=41783.msg1196874#msg1196874 date=1287128548]
[quote author=doctor_mac link=topic=41783.msg1196871#msg1196871 date=1287128382]
Being widely reported this morning that Hicks' injunction was a stalling tactic to do a deal with Mill finance to pay off RBS. I've no doubt that Hicks is violating numerous undertakings (as well as the ruling of the High Court) in all this, but by fuck this c*nt is fighting like an alley cat.
[/quote]
if it were happening to anyone else you'd almost admire his tenacity
[/quote]
No I wouldn't. The world, especially the U.S. has too many lawyers, and far too many fat capitalists who use them and their money power to squirm out of failure while accepting all the benefits of success.
About 120,000 people every month in the U.S. are going into foreclosure. When the bank says their money is due, they're fucked. They are fucked, there is almost no social safety net, there is no discussion, no court case, do you think they get legal aid? It's recently emerged banks haven't even been looking at their cases, and just have robo-signed them, thousands at a time, into foreclosure.
Some of them are victims of Hicks and those like him who thought the party would go on forever. Some of them are victims of their own stupid logic and spending beyond their means. They are all fucked though, and Hicks and Gilette, though they've lost a lot of wealth, which due to the nature of their risky business, never included a ton of realizable assets, will be just fine. They should all be in the same boat, but we know they aren't.
Hicks has had chance after chance to take a profit. The fact that he hasn't is his own stupid greed, a lack of understanding of the market he bought into, and the fact that he is obviously a horrible person to do business with. He so deserves to fail and take a huge loss.
There's absolutely nothing to admire in Hicks. When he was in control he was a poor business man. His strategy was predicated on short lived market conditions, but even more unforgivably he was almost infantile with his atrocious communication, his squabbling, his awful PR. So now it's gone tits up and he's trying to do what he's best at - winning by being a pain in the ass cunt, using a legal system that seems to reward pain in the ass cunts more than any other in human history. The only reason he might not get away with mitigating his losses and in so doing irreparably damaging a business, which apart from our involvement employs and directly effects the living of hundreds of people, is because the UK court system isn't quite so fucked up.
[/quote]
What a fantastic post Farky
[quote author=Farkmaster link=topic=41783.msg1196882#msg1196882 date=1287129259]
[quote author=spider-neil link=topic=41783.msg1196874#msg1196874 date=1287128548]
[quote author=doctor_mac link=topic=41783.msg1196871#msg1196871 date=1287128382]
Being widely reported this morning that Hicks' injunction was a stalling tactic to do a deal with Mill finance to pay off RBS. I've no doubt that Hicks is violating numerous undertakings (as well as the ruling of the High Court) in all this, but by fuck this c*nt is fighting like an alley cat.
[/quote]
if it were happening to anyone else you'd almost admire his tenacity
[/quote]
No I wouldn't. The world, especially the U.S. has too many lawyers, and far too many fat capitalists who use them and their money power to squirm out of failure while accepting all the benefits of success.
About 120,000 people every month in the U.S. are going into foreclosure. When the bank says their money is due, they're fucked. They are fucked, there is almost no social safety net, there is no discussion, no court case, do you think they get legal aid? It's recently emerged banks haven't even been looking at their cases, and just have robo-signed them, thousands at a time, into foreclosure.
Some of them are victims of Hicks and those like him who thought the party would go on forever. Some of them are victims of their own stupid logic and spending beyond their means. They are all fucked though, and Hicks and Gilette, though they've lost a lot of wealth, which due to the nature of their risky business, never included a ton of realizable assets, will be just fine. They should all be in the same boat, but we know they aren't.
Hicks has had chance after chance to take a profit. The fact that he hasn't is his own stupid greed, a lack of understanding of the market he bought into, and the fact that he is obviously a horrible person to do business with. He so deserves to fail and take a huge loss.
There's absolutely nothing to admire in Hicks. When he was in control he was a poor business man. His strategy was predicated on short lived market conditions, but even more unforgivably he was almost infantile with his atrocious communication, his squabbling, his awful PR. So now it's gone tits up and he's trying to do what he's best at - winning by being a pain in the ass cunt, using a legal system that seems to reward pain in the ass cunts more than any other in human history. The only reason he might not get away with mitigating his losses and in so doing irreparably damaging a business, which apart from our involvement employs and directly effects the living of hundreds of people, is because the UK court system isn't quite so fucked up.
[/quote]
What a fantastic post Farky
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Surely someone could press the button now then to transfer themoney before mill do..... Quick lads the defenses are down press the fucking button.
Surely someone could press the button now then to transfer themoney before mill do..... Quick lads the defenses are down press the fucking button.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Surely NESV can just transfer that money?
"Hello RBS, account number please"
Nice one
*tappety tappetty tappety*
*Enter*
*signs dotted line*
Hurrah!
Surely NESV can just transfer that money?
"Hello RBS, account number please"
Nice one
*tappety tappetty tappety*
*Enter*
*signs dotted line*
Hurrah!
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Fuck me this is nerve racking.
Fuck me this is nerve racking.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
is this now a case of who gets the money to RBS first?
is this now a case of who gets the money to RBS first?
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=Vlads Quiff link=topic=41783.msg1196951#msg1196951 date=1287133191]
I don't understand how they can do that at 4.0am in the morning in the states. I presume they would have to go to court to say they are prepared to lift it.
If true presumably that means that NESV sign the document immediatley, if they have not already.
Although as I said earlier even if there was some legal loophole Hicks can not sell to Mill unless the Premier League have given permission.
regards
[/quote]
It occasionally happens in this country too. If they're brave enough the party concerned wakes up the judge at home by phone, then (unless he tells them to go f'ck themselves, which he might well want to but shouldn't really) gets round there for him to do the needful. The paperwork is tidied up when the court office opens later.
In answer to Mystic's question, if Hicks hadn't done this he'd have been in danger of imprisonment next time he came to the UK. It may well be that he wasn't planning to come here any time soon, but it isn't a risk he'd want to take. This doesn't necessarily mean he hasn't got something else up his sleeve unfortunately, but it does mean there was good reason for him to do this anyway.
[quote author=Vlads Quiff link=topic=41783.msg1196951#msg1196951 date=1287133191]
I don't understand how they can do that at 4.0am in the morning in the states. I presume they would have to go to court to say they are prepared to lift it.
If true presumably that means that NESV sign the document immediatley, if they have not already.
Although as I said earlier even if there was some legal loophole Hicks can not sell to Mill unless the Premier League have given permission.
regards
[/quote]
It occasionally happens in this country too. If they're brave enough the party concerned wakes up the judge at home by phone, then (unless he tells them to go f'ck themselves, which he might well want to but shouldn't really) gets round there for him to do the needful. The paperwork is tidied up when the court office opens later.
In answer to Mystic's question, if Hicks hadn't done this he'd have been in danger of imprisonment next time he came to the UK. It may well be that he wasn't planning to come here any time soon, but it isn't a risk he'd want to take. This doesn't necessarily mean he hasn't got something else up his sleeve unfortunately, but it does mean there was good reason for him to do this anyway.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Pretty much.
Problem is you'd imagine Hicks would know that & would have everything lined up & ready to go before he lifted the TRO.
IN that respect he knew, you would assume he'd know at least half an hour before RBS/NESV knew about teh TRO lifting, as he made the call.
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Pretty much.
Problem is you'd imagine Hicks would know that & would have everything lined up & ready to go before he lifted the TRO.
IN that respect he knew, you would assume he'd know at least half an hour before RBS/NESV knew about teh TRO lifting, as he made the call.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=DHSC link=topic=41783.msg1196985#msg1196985 date=1287134217]
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Someone hack in Mills finance's system and down it.
[/quote]
Fuck it, you don't own any Ricin do you Waddapie?
Fucking Texan is probably asleep!!
[quote author=DHSC link=topic=41783.msg1196985#msg1196985 date=1287134217]
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Someone hack in Mills finance's system and down it.
[/quote]
Fuck it, you don't own any Ricin do you Waddapie?
Fucking Texan is probably asleep!!
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Are Mill finance based in Texas?
If so, Whaddapie, get to that office quicksharp & set the fire alarms off!
Are Mill finance based in Texas?
If so, Whaddapie, get to that office quicksharp & set the fire alarms off!
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=Fabio link=topic=41783.msg1196992#msg1196992 date=1287134370]
Someone mentioned RBS refusing mill financial due to lawyers advice?
[/quote]
That was yesterday, when the TRO stood, I assume that's why they rejected it.
[quote author=Fabio link=topic=41783.msg1196992#msg1196992 date=1287134370]
Someone mentioned RBS refusing mill financial due to lawyers advice?
[/quote]
That was yesterday, when the TRO stood, I assume that's why they rejected it.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=ILD link=topic=41783.msg1196993#msg1196993 date=1287134383]
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
[/quote]
It's not over yet mate. He/Mill could well get this paid before NESV do, meaning it goes to court to check the validity of the contract.
[quote author=ILD link=topic=41783.msg1196993#msg1196993 date=1287134383]
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
[/quote]
It's not over yet mate. He/Mill could well get this paid before NESV do, meaning it goes to court to check the validity of the contract.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
hopefully whoever takes the call for RBS is as efficient as the LFC ticket office.
hopefully whoever takes the call for RBS is as efficient as the LFC ticket office.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=FoxForceFive link=topic=41783.msg1196986#msg1196986 date=1287134224]
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Pretty much.
Problem is you'd imagine Hicks would know that & would have everything lined up & ready to go before he lifted the TRO.
IN that respect he knew, you would assume he'd know at least half an hour before RBS/NESV knew about teh TRO lifting, as he made the call.
[/quote]
If those reports about RBS' lawyers telling RBS not to take Mill's money are correct, it won't matter who's first. RBS will - hopefully - take NESV's money and that (fingers tightly crossed) will be that.
[quote author=FoxForceFive link=topic=41783.msg1196986#msg1196986 date=1287134224]
[quote author=spider-neil link=topic=41783.msg1196983#msg1196983 date=1287134147]
is this now a case of who gets the money to RBS first?
[/quote]
Pretty much.
Problem is you'd imagine Hicks would know that & would have everything lined up & ready to go before he lifted the TRO.
IN that respect he knew, you would assume he'd know at least half an hour before RBS/NESV knew about teh TRO lifting, as he made the call.
[/quote]
If those reports about RBS' lawyers telling RBS not to take Mill's money are correct, it won't matter who's first. RBS will - hopefully - take NESV's money and that (fingers tightly crossed) will be that.
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
The restraining order stopped anyone buying or selling the club. They are lifting it as they have done a deal with Mill and now wish to put it through.....and will have been satnding outside RBS with a cheque this morning
The argument will be that when all said and done they are still the legal owners and that the only reason Broughton and co were appointed was that the bank saw them dragging their heels, they will now say they have short circuited that and will put the money in RBS account today.
That would satisfy RBS and they would be able to beat a hasty retreat, that gives them time, they would then seek fit and proper persons from the PL for Mill and flog it to them
That then leaves Broughton and Purslow in a difficult position. Broughtons role is effectively over , he could walk away, would Purslow have the ability to fight without the RBS and Broughton. It will show how keen NESV are on taking us over as they would shoulder the fight.
The one issue is how RBS see things and if they feel ducking out would not be doing the right thing.
Or the courts will say that the original deal will go ahead as it would have before the stalling tactics, which is what will probably happen, as Ross says.
or they sold to NESV last night predicting the order would be lifted and suffer any possible Texas consequences
regards
The restraining order stopped anyone buying or selling the club. They are lifting it as they have done a deal with Mill and now wish to put it through.....and will have been satnding outside RBS with a cheque this morning
The argument will be that when all said and done they are still the legal owners and that the only reason Broughton and co were appointed was that the bank saw them dragging their heels, they will now say they have short circuited that and will put the money in RBS account today.
That would satisfy RBS and they would be able to beat a hasty retreat, that gives them time, they would then seek fit and proper persons from the PL for Mill and flog it to them
That then leaves Broughton and Purslow in a difficult position. Broughtons role is effectively over , he could walk away, would Purslow have the ability to fight without the RBS and Broughton. It will show how keen NESV are on taking us over as they would shoulder the fight.
The one issue is how RBS see things and if they feel ducking out would not be doing the right thing.
Or the courts will say that the original deal will go ahead as it would have before the stalling tactics, which is what will probably happen, as Ross says.
or they sold to NESV last night predicting the order would be lifted and suffer any possible Texas consequences
regards
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
Doesn't he still need board approval?
What about fit and proper owner rules?
Doesn't he still need board approval?
What about fit and proper owner rules?
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=DHSC link=topic=41783.msg1196965#msg1196965 date=1287133717]
[quote author=Mystic link=topic=41783.msg1196963#msg1196963 date=1287133643]
My only worry is why would Hicks do this, he must have some sort of plan?
[/quote]
He's a sad, vengeful and petty twat of the highest order.
[/quote]
He is going to summon some higher powers that be to help him....
[quote author=DHSC link=topic=41783.msg1196965#msg1196965 date=1287133717]
[quote author=Mystic link=topic=41783.msg1196963#msg1196963 date=1287133643]
My only worry is why would Hicks do this, he must have some sort of plan?
[/quote]
He's a sad, vengeful and petty twat of the highest order.
[/quote]
He is going to summon some higher powers that be to help him....
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=FoxForceFive link=topic=41783.msg1196996#msg1196996 date=1287134454]
[quote author=ILD link=topic=41783.msg1196993#msg1196993 date=1287134383]
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
[/quote]
It's not over yet mate. He/Mill could well get this paid before NESV do, meaning it goes to court to check the validity of the contract.
[/quote]
I'm hoping RBS lawyers will advise against accepting the money in fear of a legal action from NESV. Also will Mill want to tackle a legal battle for our ownership? The second the TRO was lifted we should have tried to sign the contract with NESV, however will we be privy to the exact time it is lifted, thus giving Mill and Hicks a head start?
[quote author=FoxForceFive link=topic=41783.msg1196996#msg1196996 date=1287134454]
[quote author=ILD link=topic=41783.msg1196993#msg1196993 date=1287134383]
Poor Hicks is like a husband being kicked to the curb by his wife for younger buffer toy boy. All her friends and family depise him and the whole world bar Harry Redknapp is under the impression that the horrible husband deserved it.
Hicks must feel humiliated but fuck him. He got what was coming to him.
[/quote]
It's not over yet mate. He/Mill could well get this paid before NESV do, meaning it goes to court to check the validity of the contract.
[/quote]
I'm hoping RBS lawyers will advise against accepting the money in fear of a legal action from NESV. Also will Mill want to tackle a legal battle for our ownership? The second the TRO was lifted we should have tried to sign the contract with NESV, however will we be privy to the exact time it is lifted, thus giving Mill and Hicks a head start?
Re: LFC not yet sold to NESV (but we're getting there, maybe...)
[quote author=doctor_mac link=topic=41783.msg1197003#msg1197003 date=1287134553]
Doesn't he still need board approval?
What about fit and proper owner rules?
[/quote]
And what about those various reasons in company law that someone listed ages back to show that Hicks can't legally sell his shares anyway? I can't remember who posted them, but our resident lawyer Avvy seemed to feel they added up.
[quote author=doctor_mac link=topic=41783.msg1197003#msg1197003 date=1287134553]
Doesn't he still need board approval?
What about fit and proper owner rules?
[/quote]
And what about those various reasons in company law that someone listed ages back to show that Hicks can't legally sell his shares anyway? I can't remember who posted them, but our resident lawyer Avvy seemed to feel they added up.
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