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LFC SOLD to NESV.

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

[quote author=spider-neil link=topic=41783.msg1190492#msg1190492 date=1286394614]
[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?'
[/quote]If only Broughton had thought of that, his plan wouldnt be doomed to fail!
'So i think we have dotted the i's and crossed the t's gentlemen, im sure the courts will vote in our favour..................OH.FUCK...I've just thought..what if Hicks uses the old spiderneil technique?! Fucking rookie i am'
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Herr Onceared link=topic=41783.msg1190508#msg1190508 date=1286395028]
[quote author=spider-neil link=topic=41783.msg1190492#msg1190492 date=1286394614]
[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?'
[/quote]If only Broughton had thought of that, his plan wouldnt be doomed to fail!
'So i think we have dotted the i's and crossed the t's gentlemen, im sure the courts will vote in our favour..................OH.FUCK...I've just thought..what if Hicks uses the old spiderneil technique?! Fucking rookie i am'
[/quote]


you're really begining to fuck me off now
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190510#msg1190510 date=1286395083]
[quote author=Herr Onceared link=topic=41783.msg1190508#msg1190508 date=1286395028]
[quote author=spider-neil link=topic=41783.msg1190492#msg1190492 date=1286394614]
[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?'
[/quote]If only Broughton had thought of that, his plan wouldnt be doomed to fail!
'So i think we have dotted the i's and crossed the t's gentlemen, im sure the courts will vote in our favour..................OH.FUCK...I've just thought..what if Hicks uses the old spiderneil technique?! Fucking rookie i am'
[/quote]


you're really begining to fuck me off now
[/quote]Made you swear *points*
 
Re: LFC Sold to NESV (New England Sports Ventures)

Neil, the directors' duty is to the club, not to Hicks. If his interests and those of the club depart from one another, they'd be breaking the law themselves by putting his interests first.

You're actually enjoying predicting doom and gloom, aren't you? Why else would you screen out anything which doesn't fit with it?
 
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 the Premier League have already said that this wont happen, as it would be Kop Holdings in administration not Liverpool FC
 
Re: LFC Sold to NESV (New England Sports Ventures)

so what people are saying is it's pointless hicks even bothering to go to court and this is an open and shut case. okay then, I'll leave it there. stop being so fucking juvenile acting like it's me represent hick's in court, it will be highly paid proffesionals looking out for the interests of hicks and gillette.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190514#msg1190514 date=1286395215]
Neil, the directors' duty is to the club, not to Hicks. If his interests and those of the club depart from one another, they'd be breaking the law themselves by putting his interests first.

You're actually enjoying predicting doom and gloom, aren't you? Why else would you screen out anything which doesn't fit with it?
[/quote]Bet you dont make him swear *beams*
 
Re: LFC Sold to NESV (New England Sports Ventures)

The trio of controlling members of the Liverpool board have issued legal proceedings against Tom Hicks and George Gillett and are heading to the High Court on Friday to push through the £300 million sale of the club, ESPNsoccernet can reveal.


GettyImages

Liverpool's board members are set to meet in the High Court on Friday

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Chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre have pre-empted any legal action by current co-owners Hicks and Gillett to stop the planned takeover, issuing a 'declaratory judgment' which their solicitors, Slaughter and May, have prepared for a hearing on Friday.

Hicks and Gillett, whose losses would be an estimated £140 million, are convinced that their legal arguments will halt the proposed sale to the owners of the Boston Red Sox, and an appeal appears certain no matter what the outcome of the initial courtroom battle on Friday.

The trio are anxious that the whole legal process, and indeed the sale that depends upon it, is completed by the October 15 deadline, when the Royal Bank of Scotland calls in its £237 million loans from Hicks and Gillett and effectively owns the club. The bank would then have to sell the club on, or put Liverpool into administration.

"We need to go to the court to get a declaratory judgement, which is for the court to declare that we did act validly in completing the sale agreement, and then the buyers can complete the sale," Broughton said.

Broughton has not ruled out administration, and the club would then plead with the Premier League not to deduct the nine-point penalty.

"This is not a case of financial doping, by overspending on players, wages or transfers," a source said. "It is not the case that the club is insolvent and still trading. It is the borrowings by the two Americans when they bought the club.

"But clearly Liverpool does not wish to risk having nine points deducted, so it's imperative that the sale goes through before October 15, but it is signed conditional on the legal issues being resolved."

The Premier League is planning to rubber stamp the sale on Friday, according to Liverpool sources.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190514#msg1190514 date=1286395215]
Neil, the directors' duty is to the club, not to Hicks. If his interests and those of the club depart from one another, they'd be breaking the law themselves by putting his interests first.

You're actually enjoying predicting doom and gloom, aren't you? Why else would you screen out anything which doesn't fit with it?
[/quote]

I'm not predicting doom and gloom, I obviously want this to go without a hitch.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190516#msg1190516 date=1286395293]
so what people are saying is it's pointless hicks even bothering to go to court and this is an open and shut case. okay then, I'll leave it there. stop being so fucking juvenile acting like it's me represent hick's in court, it will be highly paid proffesionals looking out for the interests of hicks and gillette.
[/quote]YOURE representing Hicks in court????! FUCKING HELL this is huge!
 
Re: LFC Sold to NESV (New England Sports Ventures)

If Hicks loses in caught he might shout 'blow me fuck face' as he's dragged out by some copper
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=SaintGeorge67 link=topic=41783.msg1190521#msg1190521 date=1286395396]
If Hicks loses in caught he might shout 'blow me fuck face' as he's dragged out by some copper
[/quote]Christ thats a beauty!
 
Re: LFC Sold to NESV (New England Sports Ventures)

Ps i dont think him and neil will both be in court?
 
Re: LFC Sold to NESV (New England Sports Ventures)

bascially my concern is it seems hicks has no rights as the owner of the club, if that is okay with the court then fine.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=spider-neil link=topic=41783.msg1190526#msg1190526 date=1286395594]
bascially my concern is it seems hicks has no rights as the owner of the club, if that is okay with the court then fine.
[/quote]Mate i think you'll have to do better than that on the day.
Say some shit about contractually backstabbings and double dealing snakes.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Hicks has rights, but they conflict with the club's interests and the directors' duties so something's got to give. While there are no certainties in law any more than there are in betting, the odds are definitely against Hicks now.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Maybe bring the the Purslow banner along too, and find some photo of Broughton at Stamford Bridge.
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=Judge Jules link=topic=41783.msg1190532#msg1190532 date=1286395798]
Hicks has rights, but they conflict with the club's interests and the directors' duties so something's got to give. While there are no certainties in law any more than there are in betting, the odds are definitely against Hicks now.
[/quote]

I hope so.
 
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]

I think we have a syariah law expert on the forum who can help.

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

[quote author=spider-neil link=topic=41783.msg1190534#msg1190534 date=1286395872]
[quote author=Judge Jules link=topic=41783.msg1190532#msg1190532 date=1286395798]
Hicks has rights, but they conflict with the club's interests and the directors' duties so something's got to give. While there are no certainties in law any more than there are in betting, the odds are definitely against Hicks now.
[/quote]

I hope so.
[/quote]

kaa2-795747.jpg


Truuussssssst in meeeeeeee jusssssst in meeeeeee....
 
Re: LFC Sold to NESV (New England Sports Ventures)

[quote author=TheBunnyman link=topic=41783.msg1190465#msg1190465 date=1286393752]
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?
[/quote]

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

So Hicks really feels he is being cheated of 100s of millions of pounds?

I'm not sure he has already not said "blow me, fuck face" to Martin Broughton.


He is being ridiculous though. We have not had a single bid, that has gone anywhere close to the amount he wants. So a judgement on the definition of "reasonable offer" is not likely to win him the case. If the argument is that he would have managed to refinance the deal, then the Directors can argue that refinance will come at the expense of the demise of the club from the top level of English and European football. The fans have also lost faith in the ownership and we run the real risk of boycott, which will be the end of this football club.
 
Re: LFC Sold to NESV (New England Sports Ventures)

I understand the legal proceedings to have been called by Mr Broughton.

The question for the Judge to decide is as to whether the sales process has been conducted properly.

Hicks & Gillett signed away their power of veto last April when re-financing.

They are objecting to the proposed sale and claim they can change the board members. If they succeed then they could block the sale. Even if they did this then the loan falls due on the 15th and RBS can force a sale. They don't have much room to maneouvre.

I can't see Broughton being as bullish as he is without being a sure as he can be of a Judge's approval.

I suspect H&G are doing this as brinkmanship hoping to cut their losses by getting NESV to pay a bit more for a quick, quiet deal.
 
Re: LFC Sold to NESV (New England Sports Ventures)

Broughton clearly stated that there is a clause stating that him and only him can disassemble the board.

He's got a bullet proof argument it would seem
 
Re: LFC Sold to NESV (New England Sports Ventures)

It seems to be pretty watertight, and he seemed very confident when interviewed.
 
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