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LFC SOLD to NESV.

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

[quote author=Hansern link=topic=41783.msg1190435#msg1190435 date=1286392321]
Hicks spokesman tells Bloomberg Broughton didn't have power to block changes to #LFC board. Sale unlawful owners claim
4 minutes ago via Twitter for BlackBerry®
[/quote]

let's hope broughton power of chairmanship is in the form of a contract rather than verbally agreed.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190443#msg1190443 date=1286392530]
[quote author=Hansern link=topic=41783.msg1190435#msg1190435 date=1286392321]
Hicks spokesman tells Bloomberg Broughton didn't have power to block changes to #LFC board. Sale unlawful owners claim
4 minutes ago via Twitter for BlackBerry®
[/quote]

let's hope broughton power of chairmanship is in the form of a contract rather than verbally agreed.
[/quote]

Two things there, neil:

1. A verbal agreement can constitute a contract too, provided the existence of all the legal elements of a contract can be proven; but

2, In any case Broughton said in those interviews earlier that the provisions he's relying on WERE set down in writing.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Brendan link=topic=41783.msg1190444#msg1190444 date=1286392566]
I have to doff my cap to that, yep
[/quote]Its very good isnt it, hes put a lot into that. I want him to (ahem) do me.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190443#msg1190443 date=1286392530]
[quote author=Hansern link=topic=41783.msg1190435#msg1190435 date=1286392321]
Hicks spokesman tells Bloomberg Broughton didn't have power to block changes to #LFC board. Sale unlawful owners claim
4 minutes ago via Twitter for BlackBerry®
[/quote]

let's hope broughton power of chairmanship is in the form of a contract rather than verbally agreed.
[/quote]

He stated earlier that it was written into both his contract and the board level paperwork (articles of something or other).

He's really very bullish about the whole thing and I have faith in his judgement.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=gene hughes link=topic=41783.msg1190412#msg1190412 date=1286391248]
A lot will depend on the credibility of the mysterious second bid.
[/quote]

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

A writer for the Times reckons we'll still go into administration & then this lot will buy us.

Seemed very sure about it, but didnt explain why.
 
Re: LFC Sold to NESV (New England Sports Ventures)

I think it had something to do with RBS wanting to force the sale through, and that being one way of doing it.

In any case, though, he's in a small minority. Few commentators think LFC itself would be affected, though Kop Holdings might. That's the basis on which those previous announcements about us not taking the usual 9-point penalty were made. I can't see NESV having gone through with the deal if they thought administration was just around the corner.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=FoxForceFive link=topic=41783.msg1190453#msg1190453 date=1286393094]
A writer for the Times reckons we'll still go into administration & then this lot will buy us.

Seemed very sure about it, but didnt explain why.
[/quote]

The Times has a really bad record on this whole story though.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=FoxForceFive link=topic=41783.msg1190453#msg1190453 date=1286393094]
A writer for the Times reckons we'll still go into administration & then this lot will buy us.

Seemed very sure about it, but didnt explain why.
[/quote]

I think this is Broughtons plan b tbh
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=TheBunnyman link=topic=41783.msg1190452#msg1190452 date=1286393016]
[quote author=gene hughes link=topic=41783.msg1190412#msg1190412 date=1286391248]
A lot will depend on the credibility of the mysterious second bid.
[/quote]

Why?
[/quote]

The board's case for selling the club at a reasonable price may depend on it.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Ah, I see what you mean. Broughton did make a comment about the bidding process being 'competitive' and that proving that they'd got 'market prices' for the club. So in other words if the other bid was actually a nonexistent, phantom bid, then they could be found guilty of stitching up the owners?
 
Re: LFC Sold to NESV (New England Sports Ventures)

IMO you fellas are overcomplicating this issue, which is more likely to help Broughton and the board than to help H and G. For one thing, how likely do you really think it is that Broughton would have lied through his teeth about the existence of the other bid? For another, from what Broughton said both bids were quite far advanced and it'll be pretty clear what the other bidders were offering. The fact that the board still went for NESV would suggest that the other bidders' offer can't have been much (if at all) more lucrative than NESV's, i.e.there's unlikely to be anything there to bolster Hicks' argument that the club was undersold.
 
Re: LFC Sold to NESV (New England Sports Ventures)

two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]Now i dont know what to believe!!? SpiderNeil off of the internet has called Martin Broughton off of mega million company sales deals out.
*confused*
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=SaintGeorge67 link=topic=41783.msg1190479#msg1190479 date=1286394399]
I assume it's a UK court and UK law?
[/quote]*shakes head*
Sharia mate.
*Hits hicks in his fat cunting face with a rock*
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Herr Onceared link=topic=41783.msg1190481#msg1190481 date=1286394425]
[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]Now i dont know what to believe!!? SpiderNeil off of the internet has called Martin Broughton off of mega million company sales deals out.
*confused*
[/quote]

I'd hate to be trying to decipher Neil's contracts.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]

Well, admittedly it's unlikely that a hugely successful businessman who's spent the last four months talking to lawyers and plotting his endgame in elaborate detail would know more about the likely outcome of this particular court case than you, Spider-Neil, a poster with spelling issues on a small internet forum called Six Crazy Minutes, but nevertheless, I think I'm going to back his judgment anyway. Call me an optimistic fool if you will...
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Herr Onceared link=topic=41783.msg1190484#msg1190484 date=1286394505]
[quote author=SaintGeorge67 link=topic=41783.msg1190479#msg1190479 date=1286394399]
I assume it's a UK court and UK law?
[/quote]*shakes head*
Sharia mate.
*Hits hicks in his fat cunting face with a rock*
[/quote]

That'll do nicely 🙂
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

He would have a point, but it wouldn't be enough. The answer - on which I'm sure Broughton and the others have taken advice - will be that acting in the owners' interests would have seriously damaged the club and therefore would have been a breach of the directors' own legal duties.

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

He'd then have to explain how the loading of that extra debt on to the club would have been in the club's interests, especially given the damage that's already been caused to the club by such a strategy.

I don't think this is as cut and dried as broughton thinks it is

Broughton hasn't said it's "cut and dried". On the contrary, he's said that the outcome of the court case remains to be seen. What he has said is that he's confident that the outcome will not be in Hicks' favour, and he wouldn't have said that without the best advice available.

[/quote]
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Herr Onceared link=topic=41783.msg1190481#msg1190481 date=1286394425]
[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]Now i dont know what to believe!!? SpiderNeil off of the internet has called Martin Broughton off of mega million company sales deals out.
*confused*
[/quote]

yeah oncy, vey funny. when this goes to court hicks will say 'how the heck is this sale in my interests when I make no money?'
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=TheBunnyman link=topic=41783.msg1190487#msg1190487 date=1286394547]
[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]

Well, admittedly it's unlikely that a hugely successful businessman who's spent the last four months talking to lawyers and plotting his endgame in elaborate detail would know more about the likely outcome of this particular court case than you, Spider-Neil, a poster with spelling issues on a small internet forum called Six Crazy Minutes, but nevertheless, I think I'm going to back his judgment anyway. Call me an optimistic fool if you will...
[/quote]

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

[quote author=TheBunnyman link=topic=41783.msg1190487#msg1190487 date=1286394547]
[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]

Well, admittedly it's unlikely that a hugely successful businessman who's spent the last four months talking to lawyers and plotting his endgame in elaborate detail would know more about the likely outcome of this particular court case than you, Spider-Neil, a poster with spelling issues on a small internet forum called Six Crazy Minutes, but nevertheless, I think I'm going to back his judgment anyway. Call me an optimistic fool if you will...
[/quote]Its a fucking long shot and no mistakes guvnor!
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=TheBunnyman link=topic=41783.msg1190491#msg1190491 date=1286394608]
Damn, I knew I shouldn't have written such a long sentence!
[/quote]Yours was far better than mine though. Mine was in the style of Scott Mills off of the radio.
 
Re: LFC Sold to NESV (New England Sports Ventures)

hicks[quote author=TheBunnyman link=topic=41783.msg1190487#msg1190487 date=1286394547]
[quote author=spider-neil link=topic=41783.msg1190475#msg1190475 date=1286394179]
two points;

1. if this goes to court I'm sure hick's case will be the board we're looking out for the owners interests, and he'd kind of have a point seeing as the owners would make no money

2. even if the club goes into administration I'm sure hick will say if he'd been allowed to appointment his men on the board this (the clib going into admin) wouldn't have happened as they would have been able to push through refinace using the club as security.

I don't think this is as cut and dried as broughton thinks it is
[/quote]

Well, admittedly it's unlikely that a hugely successful businessman who's spent the last four months talking to lawyers and plotting his endgame in elaborate detail would know more about the likely outcome of this particular court case than you, Spider-Neil, a poster with spelling issues on a small internet forum called Six Crazy Minutes, but nevertheless, I think I'm going to back his judgment anyway. Call me an optimistic fool if you will...
[/quote]

it's got bugger all to do with spelling errors and my standing on the 6CM board (what's that got to do with anything).
when hicks goes to court his case will be the board should attmept to act in his interests as well as the clubs. you want to come out with smart arse answers be my guest but hick's lawers will be arguing the case not me.
 
Re: LFC Sold to NESV (New England Sports Ventures)

So when is uncle Bamba going to give us his views then??
 
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