Liverpool FC Forum

[dawson99]

He actually is Dr Evil isnt he. I can picture him saying 1 billion pounds with a finger in his mouth

[Roger Red Hat]

he deserves fuk all from this deal. Lets hope the Judge sorts it out at 2pm

[jacdaniel]

So... have Mill Financial had to buy Hicks out?  Has he got his profit now...

[Greavesie]

fuk off Hicks you kunt!!!

Im gonna call my friend who studied company law and find out the crack

[andy_g]

Actually if Huang is behind this deal then it might not be that bad, but if its Mill itself a hedge Fund then its very bad news if they become our owner.

he is a spiv cigs, he only used our name to get in the media light to help him set up another deal

agree with you there, lakes. huang looked like a decent bet a while back but anyone who goes about his business this way - against the wishes of the club and the fans - is not the person we want owning us.

[Steve Crooks]

Everyone calm the down.. I am no lawyer but I just read this somewhere else..

"as I understand it Hicks gave written undertakings that caused him to LOSE a high court case yesterday that stated clearly he CANNOT sell his shares without a vote of a three to two on the board. How now can he sell his shares to Mill on a whim without ending up back in court for ANOTHER breach of contract, Hicks cant sell his shares to Mill

Add to that, the fact that the TRO yesterday prevents the any sale of LFC, then he's breaking US law AND breaching another contract."

[SouthCoastShankly]

Tariq Panja (Bloomberg) Twitter -

"RBS doesn't know if Mill Financial has taken charge of US Kop companies. They've not been informed so make of that what you will"

"High Court relief sort (sic) by #LFC, RBS and co is only likely to be first stage in blocking US litigation. If approved here case moves to USA"

[Well Red]

oh my god please God/Robbie can we be sold to The Sox and not any hedge funds or oriental billionaires or other quacks

[Redman in wales]

Tariq Panja (Bloomberg) Twitter -

"RBS doesn't know if Mill Financial has taken charge of US Kop companies. They've not been informed so make of that what you will"

"High Court relief sort (sic) by #LFC, RBS and co is only likely to be first stage in blocking US litigation. If approved here case moves to USA"

so... the bit in bold..

even if US litigation is blocked here... we THEN have to go fight it in America?

[Ciggy]

Tariq Panja (Bloomberg) Twitter -

"RBS doesn't know if Mill Financial has taken charge of US Kop companies. They've not been informed so make of that what you will"

"High Court relief sort (sic) by #LFC, RBS and co is only likely to be first stage in blocking US litigation. If approved here case moves to USA"

so... the bit in bold..

even if US litigation is blocked here... we THEN have to go fight it in America?

This would be bad news for us if this goes State side.
Plus it will cost literally millions of pounds.

[Benny The Noon]

12.16pm: Mill Financial are not mentioned in the court papers filed in Texas (points out Matt Young via email). Page 2 Paragraph 2 of the petition:

"Based on the arguments of the verified petition and the arguments of counsel, the Court further finds that Liverpool FC is owned - through the various plaintiffs - ultimately by Thomas O Hicks and George Gillett."

[Ciggy]

BBC business editor Robert Peston posted the following blog entry on the LFC ownership situation just before midday today:

"RBS feels its hands would be tied if £200m were to turn up in its accounts from Mill Financial.

"At that point, its ability to determine the fate of Liverpool FC would be over.

"What I cannot ascertain is what Mill would then do with Liverpool.

"Is it buying to hold or buying to sell? And would there be any continuing relationship with Tom Hicks?"

Earlier this morning, Peston wrote:

"Royal Bank of Scotland tells me that if it's true that Mill has taken the Hicks/Gillett shares and if Mill repays the £200m long-term debt owed by Liverpool FC (plus penalty fees) to RBS and Wachovia, then Mill is in the driving seat.

"Once the debt is repaid, RBS's power ends.

"At that point, the deal with New England Sports Ventures collapses.

"Liverpool would have a new owner, Mill. And Mill will do with Liverpool what it pleases."

[Redman in wales]

BBC business editor Robert Peston posted the following blog entry on the LFC ownership situation just before midday today:

"RBS feels its hands would be tied if £200m were to turn up in its accounts from Mill Financial.

"At that point, its ability to determine the fate of Liverpool FC would be over.

"What I cannot ascertain is what Mill would then do with Liverpool.

"Is it buying to hold or buying to sell? And would there be any continuing relationship with Tom Hicks?"

Earlier this morning, Peston wrote:

"Royal Bank of Scotland tells me that if it's true that Mill has taken the Hicks/Gillett shares and if Mill repays the £200m long-term debt owed by Liverpool FC (plus penalty fees) to RBS and Wachovia, then Mill is in the driving seat.

"Once the debt is repaid, RBS's power ends.

"At that point, the deal with New England Sports Ventures collapses.

"Liverpool would have a new owner, Mill. And Mill will do with Liverpool what it pleases."

I'm scared

[SouthCoastShankly]

Tariq Panja (Bloomberg) Twitter -

"RBS doesn't know if Mill Financial has taken charge of US Kop companies. They've not been informed so make of that what you will"

"High Court relief sort (sic) by #LFC, RBS and co is only likely to be first stage in blocking US litigation. If approved here case moves to USA"

so... the bit in bold..

even if US litigation is blocked here... we THEN have to go fight it in America?

This would be bad news for us if this goes State side.
Plus it will cost literally millions of pounds.

Well according to Tariq Panga yes. Maybe the restraining order is deemed invalid here then has to be be revoked in a US court?

[Benny The Noon]

At present the mill situation is just pure rumour that is flyiing round with no confirmation at all - as stated they havent been mentioned in the petition they filed in the US and Hicks cannot sell his shares without a vote on the board .