by Ciggy » Wed Oct 13, 2010 9:28 pm
Heres an update from the Guardian.
9.21pm: The feeling is that an announcement is imminent. Cars have turned up outside the Slaughter & May offices and the engines have been left running, a sign that the participants in the board meeting are about to emerge.
9.14pm: Apologies, I've just been off doing some odd jobs for the newspaper. I did say that might happen. But nothing's actually happening at the moment - the board meeting is still ongoing and there's no indication of when it will finish. To repeat, however, the big news from the evening so far, Liverpool's prospective John W Henry unexpectedly turned up to the meeting, and his attempted takeover is widely expected to go ahead tonight. For now, we play the waiting game.
8.56pm: The Guardian's sports news correspondent Owen Gibson, on the ball as usual, has emailed to clear up the presence of Keith Edelman at the meeting: "Keith Edelman has been involved in the process as an advisor to RBS for some time - he will be at the board meeting in that capacity." So there we go.
8.52pm: So, where next for Hicks and Gillett? The wonders of Photoshop, eh?
8.46pm: Here's Dan Roan on Twitter: "All we need now is for Messrs Hicks, Gillett and Lim to turn up at Slaugher & May's offices - it could get nasty."
John W Henry is at the Liverpool board meeting tonight. Photograph: Mike Segar/Reuters 8.37pm: As John W Henry strode into the building, Sky Sports News reporter Bryan Swanson asked him how confident he was about the takeover. "Pretty confident," replied Henry. "And how do you feel about owning Liverpool?" Swanson pressed. Thumbs up from Henry.
8.35pm: "I'm a corporate lawyer, and I should start off by saying that I haven't seen any of the documents in this legal battle," writes Sam Kessler. "From what I've seen in the press, my instinct is that Gillett and Hicks would only have a claim against the Liverpool board to the extent they have acted outside of their powers, or if they have breached the terms of a contract to which G&H were a party, or if they have not acted in the best interests of the company for the benefit of its shareholders (and - significantly here - bearing in mind the company's creditors, given that the company is on the verge of an administration if G&H don't pay off their RBS loan by Friday). Judging from the decision today by Mr Justice Floyd, it looks like the first and third possibilities are non-starters. I wonder if anyone can shed any light on what the terms of their agreement with LFC and RBS say?"
8.32pm: Louise Martin of Radio City in Liverpool has sent me this message on Twitter: "We're getting the thumbs up from fans (literally on Facebook) on the latest Henry news."
8.26pm: Although Henry is at the meeting, earlier Martin Broughton admitted that he needed to take legal advice to determine whether he is obliged to accept the higher offer for Liverpool from the Singapore businessman Peter Lim. There have been so many twists and turns in this story over the last week or so that it would take a brave man to categorically predict how this one is going to end up.
8.20pm: Sky Sports News are now repeatedly showing footage of John W Henry walking into the meeting.
8.15pm: There are reports on the Liverpool Echo's Neil Jones on Twitter that the former Arsenal director, Keith Edelman, has also turned up at the meeting. Edelman had a big hand in the development of Arsenal's Emirates Stadium and, of course, Liverpool are in dire need of a new stadium.
8.11pm: The football world is still turning on its axis despite the Liverpool developments. "Eyes peeled on that front door," says Sky Sports News Man. "Now then, Arsenal's Aaron Ramsey is back in training..."
8.08pm: The fact that John W Henry is at the Liverpool board meeting tonight surely indicates his mooted takeover will go ahead.
8.04pm: Ben Smith of The Times tweets: "So @John_W_Henry turns up at tonight's #LFC board meeting ... will Peter Lim be next to arrive?"
8.02pm: John W Henry was not expected to be at this board meeting, so this is a highly significant development on a highly significant day.
8pm: BREAKING NEWS - NESV's John W Henry has arrived at the Liverpool board meeting at Slaughter & May offices. That binding agreement they have must be pretty binding.
There is no-one anywhere in the world at any stage who is any bigger or any better than this football club.
Kenny Dalglish 1/2/2011
REST IN PEACE PHIL, YOU WILL NEVER BE FORGOTTEN.
IN BULK .at Ciggys Pic ^^
....where an i going to post!!!!!!!!!!!!!!
Carlsberg don't do board meetings......
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