LFC SOLD to NESV.

[spider-Neil]

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

I understand that our case is supposed to be heard tomorrow at the Royal Courts of Justice in the Strand?

If so, please be aware that the 7/7 bombing inquest is also being held there (its seems) which will be attended by grieving relatives.

As quite a few Liverpool fans know, the Inquest will be a bitter, raw and very emotional time for the relatives, as the circimstances of their loved ones deaths will be recounted, so you may think that football chants, either in celebration or otherwise, may be inappropriate and possibly disrespectful?

from RAWK

 

[Fabio]

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

[quote author=Terrier link=topic=41783.msg1192543#msg1192543 date=1286790116]
[quote author=Fabio link=topic=41783.msg1192539#msg1192539 date=1286789793]
[quote author=Terrier link=topic=41783.msg1192537#msg1192537 date=1286789516]
If we get a 9 point deduction.

It's fair to say the best position we can hope for is around 10-12th.

It's also nailed on that Torres will leave for around 54m.



[/quote]



Based on this seasons performance and injuries? 40m would be good
[/quote]


If we only get 40m for Torres, that will be the most shambolic bit of transfer business in history.

He has been poor, but form is temporary - class is permanent, right?
[/quote]

whilst i agree, there are precedents. Alonso, 15mil one season, 30mil the next. Form may be temporary, however it is a massive contributing factor to value. Injuries are too. We bought a striker who had a few niggles, now we have a striker who is lucky to play half a season. He's also a moody get, and no-one likes them

 

[Insignificance]

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

So Purslow is confident that we dont go to administration.... Just as confident as he was when appointing Hodgson as a manager to take the club forward... 9 points deducted seem like nailed on!

 

[spider-Neil]

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

[quote author=Insignificance link=topic=41783.msg1192551#msg1192551 date=1286791070]
So Purslow is confident that we dont go to administration.... Just as confident as he was when appointing Hodgson as a manager to take the club forward... 9 points deducted seem like nailed on!
[/quote]

I think the hodgson appointment was more a 'safe hands' signing rather than someone to 'take the club forwards' signing

 

[Wilko7]

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

I really like Roy as a man and was greatly encouraged by his initial press conferences. He came across as the intelligent, respectful and articulate gentleman that he is. That being said, I'm disappointed and rather surprised with his approach to the season so far. I hope that he has spent the international break altering his approach and switching from instructing his team to contain the opposition to telling them that they are Liverpool and to go out and fucking stuff them.

 

[manwithnoname]

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

[quote author=Wilko link=topic=41783.msg1192607#msg1192607 date=1286802446]
I really like Roy as a man and was greatly encouraged by his initial press conferences. He came across as the intelligent, respectful and articulate gentleman that he is. That being said, I'm disappointed and rather surprised with his approach to the season so far. I hope that he has spent the international break altering his approach and switching from instructing his team to contain the opposition to telling them that they are Liverpool and to go out and fucking stuff them.
[/quote]

I keep reading this. Why on Earth would anyone "be surprised" about Budgie's "approach"?

Unless of course, you knew fuck all about his "approach" to football over the last three and a half decades.

Which renders your opinion - and subsequent bemusement - utterly fucking irrelevant.

 

[Judge Jules]

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

[quote author=spider-neil link=topic=41783.msg1192545#msg1192545 date=1286790239]

I understand that our case is supposed to be heard tomorrow at the Royal Courts of Justice in the Strand?

If so, please be aware that the 7/7 bombing inquest is also being held there (its seems) which will be attended by grieving relatives.

As quite a few Liverpool fans know, the Inquest will be a bitter, raw and very emotional time for the relatives, as the circimstances of their loved ones deaths will be recounted, so you may think that football chants, either in celebration or otherwise, may be inappropriate and possibly disrespectful?

from RAWK
[/quote]

I'd rather all LFC fans stayed the heck away from the court but, given that that's looking unlikely, this was a good idea by SQUAWK and I hope people take notice of it.

 

[manwithnoname]

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

[quote author=spider-neil link=topic=41783.msg1192545#msg1192545 date=1286790239]

I understand that our case is supposed to be heard tomorrow at the Royal Courts of Justice in the Strand?

If so, please be aware that the 7/7 bombing inquest is also being held there (its seems) which will be attended by grieving relatives.

As quite a few Liverpool fans know, the Inquest will be a bitter, raw and very emotional time for the relatives, as the circimstances of their loved ones deaths will be recounted, so you may think that football chants, either in celebration or otherwise, may be inappropriate and possibly disrespectful?

from RAWK
[/quote]

Fuck off SQUAWK

 

[Sunny]

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

It seems RBS are bringing the case against Hicks and co.

http://www.hmcourts-service.gov.uk/cms/list_chancery.htm

Court 18

 

[gareth_thomas]

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

[quote author=Brendan link=topic=41783.msg1192614#msg1192614 date=1286803262]
[quote author=spider-neil link=topic=41783.msg1192545#msg1192545 date=1286790239]

I understand that our case is supposed to be heard tomorrow at the Royal Courts of Justice in the Strand?

If so, please be aware that the 7/7 bombing inquest is also being held there (its seems) which will be attended by grieving relatives.

As quite a few Liverpool fans know, the Inquest will be a bitter, raw and very emotional time for the relatives, as the circimstances of their loved ones deaths will be recounted, so you may think that football chants, either in celebration or otherwise, may be inappropriate and possibly disrespectful?

from RAWK
[/quote]

Fuck off SQUAWK
[/quote]

If people stand outside chanting.. i hope the fucking fuzz come with water cannons.

 

[Hansern]

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

Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.

 

[Jürgen4PM]

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

[quote author=Sunny link=topic=41783.msg1192616#msg1192616 date=1286803632]
It seems RBS are bringing the case against Hicks and co.

http://www.hmcourts-service.gov.uk/cms/list_chancery.htm

Court 18
[/quote]

*Even more confused*

 

[Avmenon]

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

[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

This is excellent news.

THIS was the news I was hoping for.

I'm feeling more optimistic now.

 

[Judge Jules]

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

[quote author=Sunny link=topic=41783.msg1192616#msg1192616 date=1286803632]
It seems RBS are bringing the case against Hicks and co.

http://www.hmcourts-service.gov.uk/cms/list_chancery.htm

Court 18
[/quote]

Hidden in that is a good piece of news for us. Without getting too technical about it, the branch of the High Court which is hearing this application makes it a particularly high priority that anybody who asks the court to do something has to be blameless themselves (for Avvy and any other legally qualified/educated forumites out there, I'm referring to the maxim that "he who comes to equity must come with clean hands&quot😉. I'd have thought Hicks would find that test extremely difficult to pass.

 

[Sunny]

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

[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

Indeed and thus the priority of the board would be to the creditor, not the shareholders. This appears positive to me.

 

[manwithnoname]

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

[quote author=Avmenon link=topic=41783.msg1192622#msg1192622 date=1286804284]
[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

This is excellent news.

THIS was the news I was hoping for.

I'm feeling more optimistic now.
[/quote]

Been in default since lunchtime

 

[spider-Neil]

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

[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

so there is no chance of hicks pushing through refinance even if they managed to win and change the board?

 

[Sunny]

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

[quote author=Brendan link=topic=41783.msg1192625#msg1192625 date=1286804357]

Been in default since lunchtime
[/quote]

Any source ?

 

[manwithnoname]

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

[quote author=Sunny link=topic=41783.msg1192627#msg1192627 date=1286804427]
[quote author=Brendan link=topic=41783.msg1192625#msg1192625 date=1286804357]

Been in default since lunchtime
[/quote]

Any source ?
[/quote]

The usual City wankers

 

[spider-Neil]

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

fucking GREAT news.

 

[Hansern]

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

I'll go as far as saying Hicks is fucked. RBS vs Hicks, puts him in an ever worse spot than with LFC and the board vs Hicks.

I'm feeling extremely optimistic.

 

[Sunny]

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

I'm still cautiously optimistic. We've been bitten in the arse too many times over the last few years for me to believe anything unless it's concrete and nailed on.

 

[Jürgen4PM]

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

[quote author=spider-neil link=topic=41783.msg1192626#msg1192626 date=1286804410]
[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

so there is no chance of hicks pushing through refinance even if they managed to win and change the board?
[/quote]

Can anyone answer this question please ^^^ ?

 

[Sunny]

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

[quote author=Rafa4PM link=topic=41783.msg1192632#msg1192632 date=1286804830]
[quote author=spider-neil link=topic=41783.msg1192626#msg1192626 date=1286804410]
[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

so there is no chance of hicks pushing through refinance even if they managed to win and change the board?
[/quote]

Can anyone answer this question please ^^^ ?
[/quote]

If we're in default I would assume not

 

[spider-Neil]

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

Liverpool Said to Be in Default, Bankruptcy Possible

Liverpool’s holding company is in default over 280 million pounds ($446 million) owed to Royal Bank of Scotland Group Plc and Wells Fargo & Co., and the banks may put the soccer club into bankruptcy protection, three people familiar with the situation said today.

While U.K. newspapers including the Daily Telegraph have reported that co-owners Tom Hicks and George Gillett’s debt matures on Oct. 15, the loan is already in default, say the people, who declined to be identified because of pending lawsuits. The U.S. pair is trying to block a sale to New England Sports Ventures LLC because they say the price is too low. A court action begins tomorrow.

Although the banks prefer not to put the team into administration, a form of bankruptcy, they may if the NESV transaction is challenged in court or indefinitely delayed, the people said. Liverpool Chairman Martin Broughton, who approved the sale, said the owners may lose about 140 million pounds if the deal goes through.

Administration would bring a nine-point penalty from the Premier League. Liverpool is in 18th place in the 20-team league, and would be relegated to the second-tier Championship if the season ended now. That would cost millions, and the team is already struggling with the loss of income from the Champions League, which can bring in as much as 30 million pounds.

Deal’s Validity

NESV, which is controlled by Boston Red Sox owners John W. Henry and Tom Werner, has made a 300 million-pound bid for the 18-time English champion. Liverpool’s board, which has approved the sale, is seeking court confirmation of the deal’s validity.

Kop Football (Holdings) Ltd. must repay a 237 million-pound loan, and costs associated with an April 30 refinancing that has seen the debt balloon by 40 million pounds.

Nicola Howson, a U.K.-based spokeswoman for Gillett and Hicks, didn’t respond to a voicemail seeking comment. RBS, NESV and Liverpool declined to comment.

Liverpool’s board last week agreed to sell to NESV over the objections of Hicks and Gillett. The bidder will walk away from the deal if the team enters administration and is docked nine points, one of the people said.

Gillett and Hicks say the sale isn’t legal because they fired two of the board members that approved it. Broughton says the deal is valid because only he has the power to change the structure of the board.

RBS, which required the changes to the board as part of its latest refinancing agreement, is the applicant in a suit listed against Hicks and others at the High Court in London.

“In a situation of Liverpool’s, where we are in default, then your primary obligation is to the creditor not the shareholder,†Broughton said in an interview last week. “That was our primary obligation.â€

http://www.bloomberg.com/news/2010-10-11/liverpool-said-to-be-in-technical-default-on-loan-bankruptcy-is-possible.html

YES!!! 😀

 

[Insignificance]

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

[quote author=Rafa4PM link=topic=41783.msg1192632#msg1192632 date=1286804830]
[quote author=spider-neil link=topic=41783.msg1192626#msg1192626 date=1286804410]
[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

so there is no chance of hicks pushing through refinance even if they managed to win and change the board?
[/quote]

Can anyone answer this question please ^^^ ?
[/quote]

The case is in such a sensitive manner that there is a court hearing about it tomorrow, and you want an answer from any Champagne Charlie on a Footie Forum? Well the answeer is NO. NO Noone can answer you, please.

 

[Jürgen4PM]

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

[quote author=Insignificance link=topic=41783.msg1192635#msg1192635 date=1286804971]
[quote author=Rafa4PM link=topic=41783.msg1192632#msg1192632 date=1286804830]
[quote author=spider-neil link=topic=41783.msg1192626#msg1192626 date=1286804410]
[quote author=Hansern link=topic=41783.msg1192618#msg1192618 date=1286803679]
Starts 10.30 tomorrow

Bloomberg learns Kop Football, Liverpool parent, is already in default. RBS could have put the club into administration any day not Oct 15.
[/quote]

so there is no chance of hicks pushing through refinance even if they managed to win and change the board?
[/quote]

Can anyone answer this question please ^^^ ?
[/quote]

The case is in such a sensitive manner that there is a court hearing about it tomorrow, and you want an answer from any Champagne Charlie on a Footie Forum? Well the answeer is NO. NO Noone can answer you, please.
[/quote]

No need to be a twat Insig.


Cheers sunny.

 

[gene hughes]

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

Who's a Champagne Charlie?

Actually, fuck that, what's a Champagne Charlie?

 

[localny]

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

sheesh thanks insig!

 

[Judge Jules]

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

The original question was a daft one anyway, because it's based on neil's obsession with RBS refinancing when that was never remotely likely in the first place.