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LFC SOLD to NESV.

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Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Terrier link=topic=41783.msg1194130#msg1194130 date=1286966513]
CLEARLY, the board can change their mind on NESV else he wouldn't have said that comment.


[/quote]


They can change their minds but that would be a breach of contract which would open the Board / owners to a claim for damages.

So the board has to decide whether it would be worth paying NESV to go for Lim instead, which it wouldn't unless Lim's offer was substantially more attractive than NESV.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

Bit difficult for our full-time chairman to be a Chelsea fan, but I'd like to see him come to games at Anfield and get a good reception.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=gene hughes link=topic=41783.msg1194140#msg1194140 date=1286966890]
Saw a nice tweet from someone.

"just turned on tv to see miners and scousers celebrating. Is Thatcher dead?"
[/quote]

haha
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Terrier link=topic=41783.msg1194130#msg1194130 date=1286966513]
CLEARLY, the board can change their mind on NESV else he wouldn't have said that comment.


[/quote]

NOTHING was clear from his comment.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

NESV request declaratory judgement, preventing future Hicks/Gillett interference with sale. Court date set for Thurs October 21
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

11.51am: More from the chairman: Broughton described himself as "elated" with the result but stopped short of saying that the club will definitely be sold to John Henry's New England Sports Ventures, reports the Press Association.

He told Sky Sports News:

I am absolutely elated, it's a very important day for our club. This will clear the way for the sale, we will have a board meeting this evening and proceed with the sale. It has been an anxious time but we have been confident. But when you go to court you can never be sure.

Regarding the sale to NESV, Broughton added:

The board has to be reconstituted and I can't prejudge what the board is going to say. It would be inappropriate to prejudge what the board may say. I want to thank the fans for their support through a difficult time. We hope to have the board meeting this evening. We will get the right owners for the fans. It was an excellent outcome and I will be very pleased when the process we came in to do is completed.

11.43am: So, while we have the verdict, this live blog will need to keep going for the rest of the day:

• Despite the Judge telling H&G that an appeal would be "inappropriate", the owners could still try for an appeal at the court of appeal

• A board meeting will be held by 8pm to try to see through the sale to New England Sports Ventures
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

176748496.jpg
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

Imagine the board accepting Lim's bid and NESV taking us to court for a breach.

Why wouldn't that scenario surprise me?

ha
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

"Liverpool will be the most profitable investment I've ever made" - Tom Hicks, April 17th, 2010 Wall Street Journal
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Squiggles link=topic=41783.msg1194159#msg1194159 date=1286967456]
"Liverpool will be the most profitable investment I've ever made" - Tom Hicks, April 17th, 2010 Wall Street Journal
[/quote]

here's hoping.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

11.56am: Lord Grabiner QC, who represented the board, put the costs of the case at between £250,000 and £500,000.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=RMA link=topic=41783.msg1194162#msg1194162 date=1286967538]
11.56am: Lord Grabiner QC, who represented the board, put the costs of the case at between £250,000 and £500,000.
[/quote]

poulsen cost 6 mill.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=RMA link=topic=41783.msg1194162#msg1194162 date=1286967538]
11.56am: Lord Grabiner QC, who represented the board, put the costs of the case at between £250,000 and £500,000.
[/quote]

Costs are another thing Hicks will have to think about if he does consider trying to appeal. That would be extremely expensive AND the chances are against him succeeding anyway.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Skullflower link=topic=41783.msg1194165#msg1194165 date=1286967599]
[quote author=RMA link=topic=41783.msg1194162#msg1194162 date=1286967538]
11.56am: Lord Grabiner QC, who represented the board, put the costs of the case at between £250,000 and £500,000.
[/quote]

poulsen cost 6 mill.
[/quote]

That makes Grabiner the best signing ever...
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=RMA link=topic=41783.msg1194156#msg1194156 date=1286967355]
176748496.jpg

[/quote]

Good to see. I think this got pretty personal for the majority on the board, plus Purslow's a Red anyway.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Avmenon link=topic=41783.msg1194169#msg1194169 date=1286967734]
Poulsen was 4.5 million, Skully.

Still shit though.
[/quote]

*shudders*
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=caparo link=topic=41783.msg1194149#msg1194149 date=1286967160]
[quote author=Terrier link=topic=41783.msg1194130#msg1194130 date=1286966513]
CLEARLY, the board can change their mind on NESV else he wouldn't have said that comment.


[/quote]


They can change their minds but that would be a breach of contract which would open the Board / owners to a claim for damages.

So the board has to decide whether it would be worth paying NESV to go for Lim instead, which it wouldn't unless Lim's offer was substantially more attractive than NESV.

[/quote]

We only know of Lim's higher bid after the sale has been concluded. I am sure there are records kept by the board before the closing date for all the bids handed in.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

12.01pm: An appeal is not being ruled out yet by Hicks and Gillett, says Keith Oliver, a senior partner with solicitors Peters & Peters, who are acting for the Liverpool owners.

Mr Oliver said:

We are obviously disappointed with the judge's decision. Mr Hicks and Mr Gillett will now be considering their next steps, and that will include whether to make an application to the court of appeal. >🙁
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

That was always to be expected though. The application to the Court of Appeal wouldn't actually be an appeal straight away. It would initially be an application for permission to appeal, and it's far from certain that they'd even get that.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Judge Jules link=topic=41783.msg1194182#msg1194182 date=1286968288]
That was always to be expected though. The application to the Court of Appeal wouldn't actually be an appeal straight away. It would initially be an application for permission to appeal, and it's far from certain that they'd even get that.
[/quote]

I'm guessing with Floyd saying an appeal would be inappropriate - it's also unlikely ?
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

Wonderful.

Nice picture of Purslow too.

I remember ages ago saying that RBS should get there shit together and boot out GnH and sure enough thats exactly what they did... cracking stuff...
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=Sunny link=topic=41783.msg1194183#msg1194183 date=1286968335]
[quote author=Judge Jules link=topic=41783.msg1194182#msg1194182 date=1286968288]
That was always to be expected though. The application to the Court of Appeal wouldn't actually be an appeal straight away. It would initially be an application for permission to appeal, and it's far from certain that they'd even get that.
[/quote]

I'm guessing with Floyd saying an appeal would be inappropriate - it's also unlikely ?
[/quote]

Unlikely that they'd win, but they'd certainly be dumb enough to try.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

Any appeal would be too late anyway, wouldn't it? The sale will go through tonight. All H&G can do now is sue for damages.
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

If there's another hearing on 21st Oct about Hicks and Gillette's role in the sale, when are they expecting the sale to be done by?
 
Re: LFC Sold to NESV (RBS WIN COURT RULING - CONFIRMED)

[quote author=RMA link=topic=41783.msg1194155#msg1194155 date=1286967281]
11.51am: More from the chairman: Broughton described himself as "elated" with the result but stopped short of saying that the club will definitely be sold to John Henry's New England Sports Ventures, reports the Press Association.

He told Sky Sports News:

I am absolutely elated, it's a very important day for our club. This will clear the way for the sale, we will have a board meeting this evening and proceed with the sale. It has been an anxious time but we have been confident. But when you go to court you can never be sure.


[/quote]

Big words for a Chelsea fan.
 
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