The OFFICIAL Liverpool FC thread - #DankeJürgen

[naka]

Is it just me or are the statements about Liverpool getting less positive as time goes on?

don`t think so, the court application is an attempt by hicks/gillette to get some dough, either it will settle and RBS will give them some dough as the second chargeholder to go away or if they lose they will sue Broughton etc  for actions which have prejudiced the shareholders, what broughton has to have is papers showing that the company was going to default and go into admin and that this was the only deal in town that could save the company as a going concern also he has to show that he had documentary eveidence that he was entitled to proceed along this course of action.
slaughter and May  will be advising him all the way so I think he should be confident

[quit yo jibbajabba]

Up in the High Court tomorrow.....

[brokencrossbar1]

RBS STATEMENT

RBS in its capacity as lender to the Kop group of companies received the benefit of various contractual undertakings from Mr. Hicks and Mr. Gillett in relation to the corporate governance arrangements that Mr. Hicks and Mr. Gillett agreed would apply to the Kop group of companies with effect from April 2010.

Those undertakings provided for the appointment of Mr Broughton as chairman of the board and the appointment of the chief executive and commercial director of LFC to the Kop boards.
As is well known, Mr. Hicks and Mr. Gillett purported to make changes to those corporate governance arrangements on 4 October. This was in breach of those contractual undertakings.

In light of that purported breach of contract RBS sought and obtained on Friday 8 October 2010 an interim injunction against Mr. Hicks and Mr. Gillett until a further hearing scheduled for tomorrow.

Among other things, that interim injunction prevents Mr. Hicks or Mr. Gillett taking any steps to remove or replace Mr. Broughton from his position as chairman of the board of the Kop companies or from taking any other steps to appoint or remove any directors from the board of the Kop companies.

The proceedings tomorrow represent the continuation of Friday's proceedings and relates to breach of contract only. These proceedings do not represent steps by RBS to enforce its security or to appoint an administrator.

We are unable to provide any visibility on timing for resolution of these proceedings at this stage.

STATEMENT ENDS

RBS actually going for the Yanks. I must say that I am happy that they seem to have had enough of the parasites as well. I know they simply want their money paid off but they must feel that they have a strong argument to warrant going down this route. Root them out is what I say and leave them scuurying back to USA with their hole of £144 million burning a nice hole in their accounts!

[Geoff Tipps]

Another twist; the Singaporean lad is believed to have made an increased bid.

http://www.bbc.co.uk/news/business-11518079

[The Real Laoislad]

Another twist; the Singaporean lad is believed to have made an increased bid.

http://www.bbc.co.uk/news/business-11518079

Just heard this on news just now..Any else just wish it was all over at this stage?

[supersub]

Pitty there are no matches during this weeks saga to take the minds off it, seems an age since Blackpool match and with that result lingering over us as well It doesn't make the atmosphere much better!

[Lecale2]

Another twist; the Singaporean lad is believed to have made an increased bid.

http://www.bbc.co.uk/news/business-11518079

That looks like as set up from Hicks. He can now say in the High Court that the New England deal isn't resonable because there's a better one from Singapore.

God knows whats going on but I expect it to be settled out of court.

[Joxer]

From BBC Sport:

Liverpool gets new £320m offer from billionaire Lim

Liverpool gets new £320m offer from billionaire Lim Mr Lim says his offer is as attractive as John Henry's in financial terms Peter Lim, a Singapore billionaire, is offering £320m in cash for Liverpool football club and its liabilities.

The offer trumps the £300m offered by New England Sports Ventures - which was accepted last week by Liverpool's chairman, Martin Broughton.

BBC business editor Robert Peston says Mr Lim is also offering to provide £40m in cash to buy players.

Liverpool's board will find it difficult to ignore the offer, raising more uncertainty about the club's fate.

The offer coincided with the start of a case in London's High Court to resolve a power struggle on Liverpool's board of directors.

'Arrogance'

Royal Bank of Scotland, which holds the bulk of Liverpool's debts, is seeking a court order preventing the club's co-owners, Tom Hicks and George Gillett Jr, from removing two board members, including Mr Broughton.

Philip Snowdon QC, for RBS, told the court that Mr Hicks and Mr Gillett were in "breach of contract" and guilty of "breath-taking arrogance".

Mr Lim, whose previous bid for Liverpool was rejected in favour of New England's, has an estimated net worth of $1.6bn (£1bn), according to Forbes magazine.

He made his fortune in fashion, logistics and agri-business.

His interest in English football stems from his ownership of several Manchester United themed bars in Asia - which have persuaded him that there is huge global potential for making money from top-flight English football.

There have been suggestions that he intends to sell the Manchester United bars if he secures control of arch-rival Liverpool.

What may excite Liverpool fans about the offer is that Mr Lim is promising to hand manager Roy Hodgson £40m to buy players in January's transfer window, says our business editor.

[EC Unique]

Manchester Utd bars

You could not make this shit up

[muppet]

Manchester Utd bars

You could not make this shit up

Manchester means pole-dance in Chinese.

[Gabriel_Hurl]

Ongoing live coverage from the High Court

http://www.guardian.co.uk/football/blog/2010/oct/12/liverpool-fc-rbs-hicks-gillett-john-w-henry

11.38am: Hicks and Gillett representative admits to breach of contract but feels there is no urge for board to be reconstituted before Friday.

[Lecale2]

This could go either way. RBS say Broughton is empowered to make decision on sale and made it. Hicks says there are 3 rival bids on the table and all should be properly considered.hicks claims 1 Nov is the real deadline - not Friday. They can't agree on anything!

[Joxer]

2.46pm: From court: G&H QC, Paul Girolami, dismisses Friday's deadline and says that instead the owners and RBS are "locked into an agreement" until 1 November.

Does anyone have a f-ing clue whats going on?  A pure Circus!

[seafoid]

As the former Scotland international Gordon McQueen says: "Football is all about money and greed and everyone's involved in it."

Poor Liverpool FC. What a disaster

[Geoff Tipps]

Judgement tomorrow morning @ 10:30.