Liverpool FC Forum

by **red till i die!!** » Fri Oct 15, 2010 10:52 am

get this over already,that basterd will sell his shares to mill and they will get involved and further complicate things.
its hard not to comprehend the thoughts of more court proceedings:(

by **neil** » Fri Oct 15, 2010 10:53 am

andy_g wrote:
Benny The Noon wrote:How can they just remove the court order - don't the courts have to remove it and not the owners . This could easily just be more rumours .

hicks will know every trick in the book, he's been doing this for years. so if he knows any loophole in the law he will use it to his advantage, including making things happen out of hours. he knows that he's pretty much screwed now and the only thing he can do is try to out maneuver us by planning surprises.

his chief weapon is surprise..... and cheating

his two chief weapons are surprise and cheating

surprise, cheating and deceit

etc etc etc....

dont forget he's also an ugly f'u'cknugget

by **Benny The Noon** » Fri Oct 15, 2010 10:54 am

The sell of his shares will have to go through board approval surely ? Hence meeting with lawyers and board meeting tonight - last throw of the dice from the fat f.uck

by **GRAHAM01** » Fri Oct 15, 2010 10:55 am

metalhead wrote:board meeting tonight according to the offal

tonight would be to late?? isn't 4pm the dead line

and if there is a meeting for him to put forward his mill buy out offer then the board would tell him to get f*cked for sure

by **Ciggy** » Fri Oct 15, 2010 10:55 am

Redman in wales wrote:danroan I'm told deal between Hicks and Mill is done -it's whether the transaction's technical paperwork and legal details can be processed in time

you Mill & Hicks just :censored:

off seriously

No one will go to Anfield if this happens no one will be aloud to cross the picket lines lets see how long you stay around then.

Our players should go on strike if this happens.

by **Benny The Noon** » Fri Oct 15, 2010 10:57 am

GRAHAM01 wrote:
metalhead wrote:board meeting tonight according to the offal

tonight would be to late?? isn't 4pm the dead line

and if there is a meeting for him to put forward his mill buy out offer then the board would tell him to get f*cked for sure

4pm was the deadline for them to remove the court injunction that stopped the sale of the club . I'm guessing it's now down to the board to decide if hicks can sell his shares or they sell to NESV

by **dawson99** » Fri Oct 15, 2010 10:57 am

we're gonna get this 9 point deduction arent we

if we say hicks cant sell his shares, he knows thats more days in court, and that means administration, which means NESV wont buy us... so Hicks, if he gets throught the day, has us... :censored:

by **SouthCoastShankly** » Fri Oct 15, 2010 10:58 am

Ciggy wrote:
Redman in wales wrote:danroan I'm told deal between Hicks and Mill is done -it's whether the transaction's technical paperwork and legal details can be processed in time

you Mill & Hicks just off seriously

No one will go to Anfield if this happens no one will be aloud to cross the picket lines lets see how long you stay around then.

Our players should go on strike if this happens.

Totally. I won't step foot in the place whilst he is in charge. Sky Sports will be cancelled too.

by **GRAHAM01** » Fri Oct 15, 2010 10:59 am

Benny The Noon wrote:
GRAHAM01 wrote:
metalhead wrote:board meeting tonight according to the offal

tonight would be to late?? isn't 4pm the dead line

and if there is a meeting for him to put forward his mill buy out offer then the board would tell him to get f*cked for sure

4pm was the deadline for them to remove the court injunction that stopped the sale of the club . I'm guessing it's now down to the board to decide if hicks can sell his shares or they sell to NESV

i mean before RBS take us over??

by **Redman in wales** » Fri Oct 15, 2010 10:59 am

Benny The Noon wrote:The sell of his shares will have to go through board approval surely ?

thats the thing - we just dont know. We believe that the board needs a majority to sell the club - BUT to what extent does MIll Finance own the club / give hicks the money to pay off RBS and what needs board approval we really dont know. (well I dont anyway!)

by **SouthCoastShankly** » Fri Oct 15, 2010 11:00 am

Tariq Panga - #LFC board trying to push through NESV deal asap

by **Benny The Noon** » Fri Oct 15, 2010 11:00 am

John W Henry has a binding contract of sale with Liverpool.

And that is the crucial detail which should thwart late attempts by Tom Hicks to contrive a deal to sell to another buyer.

Yesterday, another day of drama and intrigue left the main shareholder of New England Sports Ventures proclaiming in the High Court in London that he was the “new owner” of the club.

And the Mirror understands NESV signed that contract of sale more than a week ago, with the completed deal merely subject to ratification by the High Court, which was given this week.

It seems the whole future of Liverpool Football Club has been decided by that piece of legalese. This morning, Hicks has been involved in complicated negotiations over a deal with a US Hedge Fund, who in turn have been talking to Chinese businessman Kenny Huang.

Hicks has been in talks with Mill Financial, the hedge fund who are owed £74million by George Gillett when the co-owner of Liverpool defaulted on loans to them.

Mill are understood to be prepared to put up the £240million required to pay off the debt owed by Hicks and Gillett to RBS, which would free them of obligations to the bank.

That, potentially, could clear the way for Mill to take controversial control of the club and pave the way for a sale to Huang, who has been lurking in the background trying to put together a deal to buy the Premier League club for some time now.

But NESV have made clear they have a watertight contract of sale already in place, and that ultimately should thwart Huang’s ambitious plans.

Henry, in a message on his twitter account offered a very pointed assessment of the situation. We have a binding contract. Will fight Mill Hicks Gillett attempt to keep club today. Their last desperate attempt to entrench their regime,” he tweeted.

What that means in layman’s terms is he believes he is already the owner of the club, and has been for more than a week now, after Liverpool’s board voted last week to accept his offer.

If he merely had an agreement in place to buy the club, and Hicks contrives to eventually sell to Huang, then he could sue for costs incurred in his failed bid.

But with a contract signed to owned the club it means he can sue any new owner for DAMAGES if that contract is broken – and those could potentially run into hundreds of millions of pounds.

That would be too big a risk for Mill Financial to take, and certainly for Huang to take.

The way Hicks is now trying to structure his counter deal this morning, would mean that Huang would effectively be left paying between £450-£500million for Liverpool, which is already above his valuation.

But potential damages could double or even treble that figure. And with Huang apparently backed by Chinese government money, he simply couldn’t take such a massive risk with sovereign funds.

Mill too, have an obligation to their investors to get the best possible deal, and knowingly entering into a deal with exposure to potential damages would simply not be tolerated under their articles.

There is one more significant factor that should prevent Hicks’ one final desperate roll of the dice this morning, as he scrambles around like a pantomime villain, intent on wringing more money out of his Liverpool investment.

Hicks himself must repay the loans to the RBS under his contract with them, and must therefore borrow the money from Mill Financial to do that.

But he must also get approval from his club’s board of directors to make the repayment, and the board are legally obliged to consider the impact of such an action on the club.

What they will have to take into account is that such a move would expose Liverpool Football Club to potentially hundreds of millions of pounds of damages, which could ruin the business.

And legally then, their fiduciary duty as directors of the club would seem to be to prevent the repayment of the loans to RBS by Hicks, and instead insist the deal with NESV goes ahead.

That should happen this afternoon, when a judge in Dallas is expected to lift a temporary restraining order placed on the directors by a Texas court, preventing NESV from assuming their duties as the new owners.

Judge Jim Jordan will rule at 1pm English time, and is expected to take an hour to consider lifting the order. Legal experts say he has not other option but to do so, and Henry will assume control at Anfield the moment after.

by **SouthCoastShankly** » Fri Oct 15, 2010 11:00 am

Come on one last victory.

by **The Raven** » Fri Oct 15, 2010 11:01 am

What does that slimey little :censored:

think will happen if he wins and stays in charge.

WHAT DO YOU THINK WILL HAPPEN! :censored:

! what ever has gone before would become meaningless. Im prepared to be banned from lfc for life and handcuff myself to the dam goal in protest.

GET OUT OF OUR CLUB YOU ROBBING LAIR FAT HEADED :censored:

!

by **red till i die!!** » Fri Oct 15, 2010 11:01 am

Redman in wales wrote:danroan I'm told deal between Hicks and Mill is done -it's whether the transaction's technical paperwork and legal details can be processed in time

i was told hicks would trump usain bolt in the 100metres if he was only allowed to race whilst lying on his stomach the slithery basterd.

they will halt proceedings through the courts just like hicks did in order to get the time they require and i really hope that kunt didnt make a profit out of this the snake.
seriously if my path ever crosses hicks i swear ill break his fu.cking nose :angry:

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