Liverpool FC Forum

[tommycockles]

Then again, as one delightful member of this forum told me this week by PM, I'm nothing but a spud ****** and a failed lawyer. 

haha, cyber bullying i bet you cried all night!

[JBG]

You have to remember that Hicks is fighting from a position of extreme weakness, despite his bravado.

I think he is snookered no matter what trick he tries, there are loads of other factors we havent considered such as getting Premier league approval for any coup he pulls off.

Part of Hicks' strategy if he is considering a sale or refinance with Mill is that RBS buckles and accepts his money. He told the Dallas court this week that he is "aggressively negotatiating with RBS". I found this hilarious because at the same time on the other side of the Atlantic RBS were in court seeking an injunction against him.

RBS are in a really difficult position. They want their money back, and appear to have a perfectly legitimate process with NESV whereby they will get that money back. They will be more worried by being sued by NESV for breach of contract than being sued by H&G. On a personal level many of the people within RBS dealing with H&G probably despise them due to the mess they created. They will also have one eye on public opinion within the UK as there will be many unhappy Scousers out there who might do a S*N on the RBS if RBS are seen to make a 50/50 decision in favour of Hicks. All of these are factors but ultimately it'll be NESV and Justice Floyd they will be most scared of, not H&G, and I think that they will probably reject any new refinance or sale.

If the rumours are true that H&G are withdrawing the TRO, this is a major defeat for them. Anybody who read the TRO will know that H&G effectively lied by ommission to the Texan judge. He accepted their arguements in good faith and was blindsided by their skullduggery. I'll wager that the Texan judge sent H&G a message by adjourning the TRO hearing this morning: withdraw the TRO or I'll withdraw it and penalise you heavily for misleading me. This is an option used by judges world wide to allow bold plaintiffs to reconsider their position and withdraw with their tail between their legs under threat of having the book thrown at them if they carry on.

[dawson99]

Then again, as one delightful member of this forum told me this week by PM, I'm nothing but a spud ****** and a failed lawyer. 

haha, cyber bullying i bet you cried all night!

spud ******?

Thats brilliant!!!

who was it? 

[JBG]

I think a lot of people are missing the obvious when thinking that Mill  Financial can simply give Hicks the money to pay off the loan. I'm no legal expert but from everything I have read, this can't be done.

If this was the case then everyone else who wanted to circumvent the sale process would have done this. Peter Lim only a couple of days ago could have just said - "here you go Tom, here is the money, you pay the loan and then sign the club over to me".

Only the Board can decide who the shares are sold to and the fact remains that the Board is committed to selling to NESV.

*gets on knees and prays that he is right*

Yeah, I agree.

[Redangel]

Some Liverpool fans at court in Dallas. Well done !!

Reporter at the court says unconfirmed stories are Hicks has sold his shares to Mill Financial.

[ste123lfc]

Just been on sky sports news that hicks is selling his shares to mill finance and they are try to raise the funds to pay off RBS by the end of play today. the tw@t never gives up.

[Reg]

Just heard Gabbo's got his trackie on and is warming up...........

[SouthCoastShankly]

The one amazing thing about this saga is that it has united us. Especially on this board.

[Steve Crooks]

Just been on sky sports news that hicks is selling his shares to mill finance and they are try to raise the funds to pay off RBS by the end of play today. the tw@t never gives up.

Good old SSN, only 24 hours behind everyone else for the news.

[Roger Red Hat]

right so this is the sides as it stands...

In the Red corner...     

3 LFC Board members
High court judges
NESV
RBS
Premier League

In the Blue Corner...

Tom Hicks
George Gillette
Mill
Judge Yeehaa from Texas court
oh, and obviousley Andy Gray (cos ManU could handle this so much better)

they're fuk'd Tommy, proper fuk'd

[andy_g]

Just heard Gabbo's got his trackie on and is warming up...........

using a punch bag, i hope

[Reg]

My suspicion is that H&G have finally admitted that they cant stop the sale to NESV and their next move is likely to involve an action for damages post sale.... effectively we (the fans) will be largely unaffected and we'll have got what we want.
.

The new owner would have to keep a provision in his books  for such an event which could - quite likely - affect our ability to finance the new stadium.

[Reg]

No, I´ll be nice. 

[Ciggy]

These guys are heading down to the court and will maybe give us updates.

http://blogs.dallasobserver.com/unfairp....cou.php

So, now, time to get down to business. Updates forthcoming.

Update: 6:48 a.m.- Attorney's representing New England Sports Ventures are at the courthouse, and do confirm Hicks and Gillett's attorneys filed at 1:00 this morning a motion to dismiss the temporary restraining order. They still want a hearing in front of the judge in order to confirm the filing, and for the judge to sign the order. Says George Bramlet, the attorney representing NESV, when asked why Hicks and Gillett tossed the TRO: "maybe they thought they weren't going to win, who knows."

[JBG]

My suspicion is that H&G have finally admitted that they cant stop the sale to NESV and their next move is likely to involve an action for damages post sale.... effectively we (the fans) will be largely unaffected and we'll have got what we want.
.

The new owner would have to keep a provision in his books  for such an event which could - quite likely - affect our ability to finance the new stadium.

Yes, that is true but I suspect that any post sale litigation would involve Hicks going after RBS and the board.

Ultimately I feel H&G havent a leg to stand on there either but the insurers might decide to settle.