Redman in wales wrote:Dundalk wrote:tariqpanja
Hicks spokesman tells Bloomberg Broughton didn't have power to block changes to #LFC board. Sale unlawful owners claim
this is what worrys me. yes they're clinging on for dear life, BUT we only know that Broughton has the power to keep Ayres and Purslow on the board because that's what Broughton has told us / or what he thinks. That MIGHT not be the case.
We do have the articles of association to go by that Igor posted up. If they are to be believed (they may have made subsequent resolutions) then it appears to be pretty clear-cut on that point. The removal of a director requires the signature of the Chairman of the board of directors, Broughton, which he hasn't provided, making the attempted reconstitution invalid. If that's established to be the case there is a second argument they appear to be making, and that is that the sale isn't a reasonable one. The summer refinancing by RBS was conditioned on Broughton becoming chairman, the appointment of BARCAP to engage prospective buyers and the owners committing to a "reasonable sale" - and just what exactly is a reasonable sale. This, I believe, is why Broughton today spoke about the extent of the search for new owners - that BARCAP contacted every possible prospective owner (exhaustive), that any serious bidder would have to live on Planet Zog not to be aware that the club is for sale, and that in the end the two "excellent financial offers" they received reflected a "competitive tension" i.e. the final offer is in the best interests of the club and reflects market value, and is therefore a reasonable one.
just a bit merry my other half just opened a bottle of Laurent Perrier for me and i shall carry on celebrating quietly . Im celebrating that there finaly going and without a fu.cking penny . WITHOUT A PENNY THATS THE MOST IMPORTANT BIT 
Theres public galleries 
by 