Liverpool FC Forum

[Ciggy]

Message from Broughton on SSN: Keep the faith liverpool fans, they are trying every trick in the book to block the sale. We are doing our best to get this sorted out as soon as possible.

[metalhead]

Message from Broughton on SSN: Keep the faith liverpool fans, they are trying every trick in the book to block the sale. We are doing our best to get this sorted out as soon as possible.

[ste123lfc]

There is an interview on BBC sport website with a Texan lawyer. Interesting listening. Can't put the link on because I'm on my phone. If anyone can do it for me that would be great.

[puroresu]

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9090471.stm

[lakes10]

the board should sit back and let rbs call in the loan , let them take control of the club and then let them sell it.

[Roger Red Hat]

They still have the death penalty in Texas don't they? hmmm, you see where I'm going with this one?  bribe the judge, sentence Hicks to death. simples.

[Steve Crooks]

RBS, Broughton and us fans all seem to be batting for the same side (the home team). What is stopping RBS calling the loan in on Friday, taking control of LFC in the process temporarily (no administration) and then sell immediately to NESV? Surely this would truly kill off the Hicks monster once and for all, wouldn't it? Or am I missing something?

[Ciggy]

the board should sit back and let rbs call in the loan , let them take control of the club and then let them sell it.

We cant go into administration with this court order now RBS would be in contempt of court. We could in 14 days time thats how long this injunction is for.  But I feel this will be all over then.

The worst case scenario is Hicks coming back in with mill. FTL

[Steve Crooks]

Paul Kelso (Daily Telegraph) has just tweeted
 
#LFC considering response to Hicks this morning, could seek ruling in UK or go to higher court in Texas

[PabloAimar]

What are Randolph and Mortimer up to?!
Since they now "own" 50% of the club, can mill financial pay off the debt tomorrow to help allardyce features keep control?

[Steve Crooks]

BBC:
NESV prepared to wait to buy Liverpool
Breaking news

Liverpool's prospective new owner NESV is prepared to wait to conclude its £300m takeover of the club.

The purchase was delayed on Wednesday after the club's current owners - Tom Hicks and George Gillett - gained an injunction in a Texas court.

But the delay will not make NESV's leader John Henry call off the deal.

"He is prepared to wait for the order to be lifted. Sources tell me he has binding agreements," BBC sports editor David Bond said.

More to follow.

[Ciggy]

Paul Kelso (Daily Telegraph) has just tweeted
 
#LFC considering response to Hicks this morning, could seek ruling in UK or go to higher court in Texas

I really dont want us to go to court in Texas, Hicks has a lot of friends in highplaces and they all p1ss in the same pot.

Judge Judy would take our side though she's boss 

[lakes10]

the board should sit back and let rbs call in the loan , let them take control of the club and then let them sell it.

We cant go into administration with this court order now RBS would be in contempt of court. We could in 14 days time thats how long this injunction is for.  But I feel this will be all over then.

The worst case scenario is Hicks coming back in with mill. FTL

hicks lost his case that the loan was to run untill the 1st nov. a us court can not rule when a british bank calls back a loan, that comes under uk banking law and stands the test of court in the world, this was set out by our Gov last year when the new banking laws come out, and even before then under uk banking law a uk bank can not be held to something that was  orderd to them fron a none uk court, this was set out years ago when the uk debts started to rise, the gov put this into place so world banks could not call in the uk debt loans that we owe....something like 31bil

[maguskwt]

US lawyer Tom Cruise explains temporary LFC injunction

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9090471.stm

FFS even Texan lawyer Tom Cruise thinks it holds absolutely no water. 15,000 security for 237million pounds debt? H&G are real cowboys making a fool of the judical system. Hicks should be charged with contempt...

[Ciggy]

The bit in bold is worrying indeed.

Liverpool appoint lawyers in Dallas to overturn injunction


The Mirror understands Liverpool have already appointed lawyers in Dallas this morning to file a counter claim in the Dallas court as soon as business begins there, moving to have the restraining order removed.

Their case will revolve around jurisdiction. Legal experts are lining up to suggest that the case Hicks filed yesterday is flimsy, and the question of the jurisdiction of the Texas court over proceedings that have already been considered by the High Court in London is key to dismissing it.

They will make a strong legal argument that the case should not be heard in Texas or anywhere else in the US.

They will also present evidence that Hicks and Gillett have offered written undertakings in contracts signed with the RBS that ensures the ‘legal forum’ of any dispute will be held in the English courts. That effectively means they can not sue in the US.

The judge who granted the TRO has already expressed his unease with jurisdiction over the case, and after reviewing documents, he made clear that the claims made by Hicks were not backed by any substantial evidence.

This suggests Judge Jim Jordan, who will be the first to consider Liverpool’s move to strike the TRO, could well reverse his decision as soon as the case is heard. If not, then it will be moved to a higher United States State Court, which would be expected to respect the decision of the High Court.

Yesterday, Broughton and RBS won a ruling in the High Court allowing them to proceed with the sale, and Hicks was warned that it would be “inappropriate” to appeal.

If, as seems likely, the TRO is lifted this afternoon when the Texas District Court sits, then Broughton will act quickly to see the sale through to New England Sports Ventures, the owners of the Boston Red Sox.

The main shareholder of NESV, John W Henry, has confirmed this morning that he will not walk away from the deal, despite these desperate delaying tactics from Hicks.

He is ready to wait for the TRO to be lifted, even if the process takes longer than expected, and the RBS have indicated they too are ready to wait, to ensure that the £300million sale goes through.

Sources close to the club suggest that the sale should still be completed by this evening, but even if there are yet more delays by the increasingly desperate Hicks, the sale will go through.

There is a fear though, that the Texan has something else up his sleeve. He has been in talks with Dwight Schar, the owner of Mill Financial who now have a stake in Liverpool after Gillett had defaulted on loans to them.

The worry is that Hicks will borrow money from Mill Financial to repay the more than £200million loans to RBS that are due to be repaid on Friday. If the bank recalls those loans then Hicks, with help from Schar – the co-owner of Washington Redskins - can repay them and reclaim jurisdiction over the club.

The Mirror understands though, that RBS will wait before calling in the loans, to give time for the TRO to be lifted in the Texan court, allowing the sale to NESV to be ushered through.



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