Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=crump link=topic=41783.msg1190988#msg1190988 date=1286458589]
[quote author=spider-neil link=topic=41783.msg1190985#msg1190985 date=1286458409]
[quote author=crump link=topic=41783.msg1190976#msg1190976 date=1286457650]
I might be being a bit stupid here, but I can't see how Broughton can force a sale at all.
He's got written undertakings to say that he can, but if the yanks don't sign then the club doesn't sell. Broughton could separately sue for breach of those undertakings, but that's a different thing altogether.
By the way, I don't know any of that as fact, it just seems logical. Like if I promised to sell my house under certain circumstances and they then happened, it would still be up to me to sign it over. If I didn't then I could be done for breaking the promise, but the house would remain mine. Or something.
[/quote]
this stuff is always confusing to me - stokeholders v board members
I'm sure everyone here has seen 'spider-man'
there is a scene where normal osborn (the green goblin) is told by his board they are selling the company, osborn is powerless to prevent it even though he OWNS THE COMPANY. HUH?! ???
the same thing is happening here, G&H own 100% of the stock of liverpool and are powerless to prevent the sale.
[/quote]
Haha. I do remember that bit.
[/quote]
*Downloads Spider man. *
[quote author=crump link=topic=41783.msg1190988#msg1190988 date=1286458589]
[quote author=spider-neil link=topic=41783.msg1190985#msg1190985 date=1286458409]
[quote author=crump link=topic=41783.msg1190976#msg1190976 date=1286457650]
I might be being a bit stupid here, but I can't see how Broughton can force a sale at all.
He's got written undertakings to say that he can, but if the yanks don't sign then the club doesn't sell. Broughton could separately sue for breach of those undertakings, but that's a different thing altogether.
By the way, I don't know any of that as fact, it just seems logical. Like if I promised to sell my house under certain circumstances and they then happened, it would still be up to me to sign it over. If I didn't then I could be done for breaking the promise, but the house would remain mine. Or something.
[/quote]
this stuff is always confusing to me - stokeholders v board members
I'm sure everyone here has seen 'spider-man'
there is a scene where normal osborn (the green goblin) is told by his board they are selling the company, osborn is powerless to prevent it even though he OWNS THE COMPANY. HUH?! ???
the same thing is happening here, G&H own 100% of the stock of liverpool and are powerless to prevent the sale.
[/quote]
Haha. I do remember that bit.
[/quote]
*Downloads Spider man. *