Re: LFC Sold to NESV (New England Sports Ventures)
danroan
RBS: H&G "seeking to profit from confusion"
danroan
RBS: H&G "seeking to profit from confusion"
LFC SOLD to NESV.
- Thread starter Terrier
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Re: LFC Sold to NESV (New England Sports Ventures)
"RBS reveals that it is clause C3 of the sale agreement with the bank that Hicks and Gillett signed in April 2010 that they have breached in regards to trying to change the board."
"RBS reveals that it is clause C3 of the sale agreement with the bank that Hicks and Gillett signed in April 2010 that they have breached in regards to trying to change the board."
Re: LFC Sold to NESV (New England Sports Ventures)
Are Hicks and Gilette actually in London, or is it just their lawyers?
Are Hicks and Gilette actually in London, or is it just their lawyers?
Re: LFC Sold to NESV (New England Sports Ventures)
if hicks is openly admitting[quote author=Sunny link=topic=41783.msg1193109#msg1193109 date=1286880927]
RushianLFC
@rorysmith_tel crucially Lim's offer would still only pay off same debt as NESV - no more money for Hicks/Gillett
[/quote]
I'm not sure rushian is correct
1.48am: Meanwhile Peter Lim has lodged an increased offer for Liverpool FC. Sporting Intelligence website is carrying a statement from the Singapore businessman, saying that £360m has been offered - £320m in cash for the club and its liabilities plus £40m to buy players. The statement says:
The proposal represents a total investment of £360m. The offer values the Club at £320m. A further £40m will be made available to purchase new players.
Like the previous offer tabled by Mr Lim, the new offer is entirely in cash and will remove the entire acquisition debt of £200m taken on by the existing owners that has cast uncertainty over the Club's future.
The new offer also includes a cash investment of £120m. Of this:
£40m cash is to be allotted specifically to fund player purchases during the upcoming transfer window as the immediate priority is to ensure that the squad is strengthened for the remainder of the season.
The balance of £80m will pay off all the Club's bank debt, the fees and interest accruing on the bank debt, and provide additional working capital for the Club.
The offer trumps the £300m offered by New England Sports Ventures - which was accepted last week by Liverpool's chairman, Martin Broughton.
if hicks is openly admitting[quote author=Sunny link=topic=41783.msg1193109#msg1193109 date=1286880927]
RushianLFC
@rorysmith_tel crucially Lim's offer would still only pay off same debt as NESV - no more money for Hicks/Gillett
[/quote]
I'm not sure rushian is correct
1.48am: Meanwhile Peter Lim has lodged an increased offer for Liverpool FC. Sporting Intelligence website is carrying a statement from the Singapore businessman, saying that £360m has been offered - £320m in cash for the club and its liabilities plus £40m to buy players. The statement says:
The proposal represents a total investment of £360m. The offer values the Club at £320m. A further £40m will be made available to purchase new players.
Like the previous offer tabled by Mr Lim, the new offer is entirely in cash and will remove the entire acquisition debt of £200m taken on by the existing owners that has cast uncertainty over the Club's future.
The new offer also includes a cash investment of £120m. Of this:
£40m cash is to be allotted specifically to fund player purchases during the upcoming transfer window as the immediate priority is to ensure that the squad is strengthened for the remainder of the season.
The balance of £80m will pay off all the Club's bank debt, the fees and interest accruing on the bank debt, and provide additional working capital for the Club.
The offer trumps the £300m offered by New England Sports Ventures - which was accepted last week by Liverpool's chairman, Martin Broughton.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I agree. I've been extremely impressed with what I've read of the NESV, we know nothing of lim.
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I agree. I've been extremely impressed with what I've read of the NESV, we know nothing of lim.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I believe it was closed bids anyway so upping your bid after the event isn't normally possible.
Regardless, the decision wasn't based on initial cost alone, but capital & long term future of the club, to which he is a clear second in every regard.
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I believe it was closed bids anyway so upping your bid after the event isn't normally possible.
Regardless, the decision wasn't based on initial cost alone, but capital & long term future of the club, to which he is a clear second in every regard.
Re: LFC Sold to NESV (New England Sports Ventures)
Btw, cheers for the updates, dan roans twitter is shite.
Btw, cheers for the updates, dan roans twitter is shite.
Re: LFC Sold to NESV (New England Sports Ventures)
today was only about proving that hicks couldn't change the board and nothing else, correct?
today was only about proving that hicks couldn't change the board and nothing else, correct?
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=FoxForceFive link=topic=41783.msg1193116#msg1193116 date=1286881583]
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I believe it was closed bids anyway so upping your bid after the event isn't normally possible.
Regardless, the decision wasn't based on initial cost alone, but capital & long term future of the club, to which he is a clear second in every regard.
[/quote]
Agree wholly mate. I don;'t trust Lim one iota. At least NESV have some history of good club management albeit in a different sport.
[quote author=FoxForceFive link=topic=41783.msg1193116#msg1193116 date=1286881583]
[quote author=Sunny link=topic=41783.msg1193113#msg1193113 date=1286881289]
Lim had his chance mate to up his bid. The process is finishes and we have an agreement with NESV which we would stick to . This guy stinks of bullshit.
[/quote]
I believe it was closed bids anyway so upping your bid after the event isn't normally possible.
Regardless, the decision wasn't based on initial cost alone, but capital & long term future of the club, to which he is a clear second in every regard.
[/quote]
Agree wholly mate. I don;'t trust Lim one iota. At least NESV have some history of good club management albeit in a different sport.
Re: LFC Sold to NESV (New England Sports Ventures)
http://www.guardian.co.uk/football/blog/2010/oct/12/liverpool-fc-rbs-hicks-gillett-john-w-henry
http://www.guardian.co.uk/football/blog/2010/oct/12/liverpool-fc-rbs-hicks-gillett-john-w-henry
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
Yep, but if the board was illegally reconstitued then the bid is cleared with a majority 3-2 and NESV can take control. Barring any appeal, 'we' (as in Liverpool FC) don't need to take it any further and can drop our own court case - right?
I think I've said it before, but aren't Gillette and Hicks a pair of cunts...
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
Yep, but if the board was illegally reconstitued then the bid is cleared with a majority 3-2 and NESV can take control. Barring any appeal, 'we' (as in Liverpool FC) don't need to take it any further and can drop our own court case - right?
I think I've said it before, but aren't Gillette and Hicks a pair of cunts...
Re: LFC Sold to NESV (New England Sports Ventures)
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars, the Reds cafes, in Asia.
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars, the Reds cafes, in Asia.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=spider-neil link=topic=41783.msg1193123#msg1193123 date=1286881878]
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
[/quote]
That bothers me too Neil, I suspect he's gonna pull a horrific rabbit out of a silly hat.
[quote author=spider-neil link=topic=41783.msg1193123#msg1193123 date=1286881878]
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
[/quote]
That bothers me too Neil, I suspect he's gonna pull a horrific rabbit out of a silly hat.
Re: LFC Sold to NESV (New England Sports Ventures)
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars in Asia.
okay, so basically hick's big tactic is to stall so liverpool is placed into adminstration.
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars in Asia.
okay, so basically hick's big tactic is to stall so liverpool is placed into adminstration.
Re: LFC Sold to NESV (New England Sports Ventures)
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Rafa4PM link=topic=41783.msg1193121#msg1193121 date=1286881726]
http://www.guardian.co.uk/football/blog/2010/oct/12/liverpool-fc-rbs-hicks-gillett-john-w-henry
[/quote]
Nice one, that's better!
[quote author=Rafa4PM link=topic=41783.msg1193121#msg1193121 date=1286881726]
http://www.guardian.co.uk/football/blog/2010/oct/12/liverpool-fc-rbs-hicks-gillett-john-w-henry
[/quote]
Nice one, that's better!
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=FoxForceFive link=topic=41783.msg1193128#msg1193128 date=1286881994]
[quote author=spider-neil link=topic=41783.msg1193123#msg1193123 date=1286881878]
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
[/quote]
That bothers me too Neil, I suspect he's gonna pull a horrific rabbit out of a silly hat.
[/quote]
[quote author=FoxForceFive link=topic=41783.msg1193128#msg1193128 date=1286881994]
[quote author=spider-neil link=topic=41783.msg1193123#msg1193123 date=1286881878]
[quote author=Sunny link=topic=41783.msg1193122#msg1193122 date=1286881771]
[quote author=spider-neil link=topic=41783.msg1193118#msg1193118 date=1286881669]
today was only about proving that hicks couldn't change the board and nothing else, correct?
[/quote]
no idea Neil. I reckon , if it finds Hicks at fault, the board remains the way it is and the sales process continues. I hope.
[/quote]
okay, I admit I'm a bit of a doom monger but I'm a little concerned at hicks freely admitting he was in breach of contract with trying to change the board. what is his counter claim going to be?
[/quote]
That bothers me too Neil, I suspect he's gonna pull a horrific rabbit out of a silly hat.
[/quote]
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Stulikesdrums link=topic=41783.msg1193130#msg1193130 date=1286882066]
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
[/quote]
He's a Man United supporter. Enough said.
[quote author=Stulikesdrums link=topic=41783.msg1193130#msg1193130 date=1286882066]
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
[/quote]
He's a Man United supporter. Enough said.
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=Stulikesdrums link=topic=41783.msg1193130#msg1193130 date=1286882066]
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
[/quote]
Agenda to buy another smaller club eh?
He's clearly after buying Utd.
[quote author=Stulikesdrums link=topic=41783.msg1193130#msg1193130 date=1286882066]
mikejefferiesL4
Peter Lim is either a publicity seeking opportunist (with an agenda to buy another, smaller, club) or a Hicks decoy. Or both.
[/quote]
Agenda to buy another smaller club eh?
He's clearly after buying Utd.
Re: LFC Sold to NESV (New England Sports Ventures)
someone posted that this may be hicks' tactic
I'm taking this in the way that Hicks rep's are arguing that the sacking of Aire and Purslow has already been done and that the real board is Hicks and not Broughtons. Although a breach of contract, it doesn't take away their right to install new members but in doing that they only pay the penalty by being at the mercy of RBS...either by defaulting the loan or another form of penalty.
YIKES!!
someone posted that this may be hicks' tactic
I'm taking this in the way that Hicks rep's are arguing that the sacking of Aire and Purslow has already been done and that the real board is Hicks and not Broughtons. Although a breach of contract, it doesn't take away their right to install new members but in doing that they only pay the penalty by being at the mercy of RBS...either by defaulting the loan or another form of penalty.
YIKES!!
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=IanTheRed link=topic=41783.msg1193135#msg1193135 date=1286882194]
[quote author=Sunny link=topic=41783.msg1193126#msg1193126 date=1286881985]
Fuckin el ! alright Ian !
[/quote]
Apologies, was a bit strong there with the C word then!
[/quote]
Hahahaha. No, I mean alright as in hello you div. They are a pair of cunts ! lol
[quote author=IanTheRed link=topic=41783.msg1193135#msg1193135 date=1286882194]
[quote author=Sunny link=topic=41783.msg1193126#msg1193126 date=1286881985]
Fuckin el ! alright Ian !
[/quote]
Apologies, was a bit strong there with the C word then!
[/quote]
Hahahaha. No, I mean alright as in hello you div. They are a pair of cunts ! lol
Re: LFC Sold to NESV (New England Sports Ventures)
[quote author=spider-neil link=topic=41783.msg1193129#msg1193129 date=1286882005]
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars in Asia.
okay, so basically hick's big tactic is to stall so liverpool is placed into adminstration.
[/quote]
I think that's probably right. It's basically one big gamble on his part.
[quote author=spider-neil link=topic=41783.msg1193129#msg1193129 date=1286882005]
12.06pm: Despite his new offer, Lim's chances of buying Liverpool are slim. Lim is only likely to gain control of Liverpool if Hicks loses in court and RBS put the club into administration or NESV choose to pull out. NESV's agreement with the LFC board is legally binding, so a higher bid cannot be accepted. Lim might also try to offer Hicks the funds needed to pay off the debt and take control surreptitiously, although this would seem like a very risky strategy. Lim, by the way, is a Manchester United fan and owns a string of Manchester United themed bars in Asia.
okay, so basically hick's big tactic is to stall so liverpool is placed into adminstration.
[/quote]
I think that's probably right. It's basically one big gamble on his part.
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