Liverpool FC Forum

[metalhead]

Drivin On motorway, what score is it?

verdict not this week

[Ciggy]

Hicks is sueing Broughton, Purslow, Ayres and RBS.


It has now emerged that a major change took place during the night.

We have been informed that Tom Hicks has now counter-sued Martin Broughton, Christian Purslow, Ian Ayre and RBS with the claim that they had not acted appropriately in terms of accepting the bid from NESV.

This means a straightforward procedural hearing has now escalated – RBS taking the decision this morning after legal advice and consideration throughout the night. Today’s hearing is now much bigger than expected.

Martin Broughton and Christian Purslow were already in
London and so the decision was taken at short notice that both would attend court. Ian Ayre was still in Liverpool.
It has been pointed out that Broughton and Purslow are still only there as observers for today’s hearing. This is RBS’s trial, not Liverpool FC’s.
Anfield Road has been assured that the message relayed last night was not done so as an attempt to dissuade supporters from being there for the trial. We have been assured that this is quite the opposite to what is wanted.
As soon as the date, time and location of the trial are known the details will be released and relayed to supporters.

[Thommo's perm]

After all the twists coming out of this court case, I hope they make a motion picture film from this with Edward Woodward as George Gillett, The Judge as Anthony Hopkins, Dirk Benedict as Christian Purslow, QC as Christopher Lee, and Julia Roberts as the woman he loved.

Theyd have to dig edward up to do it

[Ciggy]

This is going to drag on for months now 

dan roan: true complexity of this case now clear - 5 qc's have now spoken - for rbs, h&g, lfc, Broughton, and nesv

[maypaxvobiscum]

hicks should be thanking his lucky stars he is still alive...the cheek he has to counter sue   

[neil]

Drivin On motorway, what score is it?

verdict not this week

Is that very bad or not?

[metalhead]

Can we, liverpool fans, all of us, sue Hicks for murder?

[mramo]

After all the twists coming out of this court case, I hope they make a motion picture film from this with Edward Woodward as George Gillett, The Judge as Anthony Hopkins, Dirk Benedict as Christian Purslow, QC as Christopher Lee, and Julia Roberts as the woman he loved.

Theyd have to dig edward up to do it

I presume prosthetics and CGI digital effects will simulate Edward Woodward nicely

[metalhead]

Drivin On motorway, what score is it?

verdict not this week

Is that very bad or not?

Thats bad

[Roger Red Hat]

lets sue him as fans for not going through with his promises. lying yank  b@st@rd cu.nt faced fuking w@nkpot.

[RED BEERGOGGLES]

Headlines from The Liverpool Echo

LIVERPOOL FC co-owners Tom Hicks and George Gillett were today accused of “breathtaking arrogance” by the Royal Bank of Scotland at the High Court in London today.

The battle for control of the Reds began in earnest this morning before a packed court room, full to the brim with media, barristers and Liverpool FC supporters.

Richard Snowdon QC, acting for the bank, who are owed £237m by the Americans told Mr Justice FLoyd that Hicks and Gillett had been responsible for “a calculated breach of contract” when they sought to reconstitute the board last Tuesday.

The lawyer said: “The evidence shows breath taking arrogance on behalf Mr Hicks and Mr Gillett as Mr Hicks took it on himself to think that RBS would not be prejudiced [by such a move].

“In short, what is occurring is that Mr Hicks and Gillett are seeking to profit from the confusion their actions have caused.

“Our application is very straightforward. RBS is entitled to have the board reconstituted. It would be quite wrong for Hicks and Gillett to profit from their breach with RBS.”
The RBS, like the English members of the Reds board argue the Americans acted illegally when they attempted to remove Christian Purslow and Ian Ayre from the Liverpool board last Tuesday.

Mr Snowdon reminded the court of the strict articles of governance agreed at the last refinancing round in April, ruling that only chairman Martin Broughton was allowed to reconstitute the board, and Hicks attempting to place his son Mack and Kop Holding representative Lori McCutcheon in their place was unlawful.

Paul Girolami QC, however, acting for Hicks and Gillett, stated it was his clients’ belief that two further offers to buy Liverpool, other than the agreed New England Sports Ventures £300m offer, had largely been ignored by the chairman, Mr Broughton.

And the barrister outlined two rival bids – first from a company called Meriton, headed by Singapore businessman Peter Lim, and another from Mill Financial – which his client Hicks and Gillett were minded to favour over the Boston-based offer.

Mill Financial are owed £75m by George Gillett which he invested in Liverpool FC. He is in default on the loan.
Mr Girolami QC told the court: “This case is not about the owners maintaining their position as owners of the club. They accept the reality that in all probability their ownership will shortly come to an end.

“It is their case that the Liverpool board entered into an agreement with NESV without considering the alternatives.

“We say those alternatives still remain in place.”

The American co-owners legal team made reference to the bid from Meriton which he said still remained on the table and had been the preferred bid of Martin Broughton and the board before a sudden and apparent change of heart swayed them towards NESV.

While these arguments were going on in court Mr Lim was submitting an improved offer for the club.

Mr Girolami also went into detail about the offer from Mill Financial who had been due to meet with the Liverpool board, he said, but that meeting was cancelled.

The Mill FInancial deal, he added, had a commitment to provide up to £100m to build a new stadium, a facility not part of the NESV package, he told the court.

The barrister also asserted that a deadline for the deal to be reached to sell Liverpool was not October 15, as presumed under the RBS refinancing date, but November 1 – throwing the apparent repayment schedule into confusion.


Its starting to  look increasingly likely we will  not even  get an answer by  Friday ...this is just painful now 

[Ciggy]

lets sue him as fans for not going through with his promises. lying yank  b@st@rd cu.nt faced fuking w@nkpot.

We should sue them for siphoning money out the club and that 60 million that dissappeared for the new stadium.

[neil]

Drivin On motorway, what score is it?

verdict not this week

Is that very bad or not?

Thats bad

Oh ffs

[Roger Red Hat]

about sums it up...

[maguskwt]

Feckin Hell Hicks... feck you...