Liverpool Rumours Archive October 12 2010

 

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12 Oct 2010 23:37:52
Who do you want as the new owners?

Peter lim or NESV

The choice is yours! !

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12 Oct 2010 23:36:43
In response to this


When the board decided to sell to NESV it wasn't just about the financial side of the proposed deal, ok you may say they have little or no knowledge of football! but the way i see it is that they want to do for us what they acheived with the REDSOX, rebuild to a standard where we can compete with the best ie the REDSOX winning the world cup twice after an 80 or so year drought stuck at the bottom of their league.
so it seems if they are willing to do what they can to help us win the league again and get other silverware on the way, that's the sort of owner we need, one to restore the winning mentality to our club and restore the positive feeling back to the red side of the mersey!

believable if you think NESV is our best chance.

unbelievable if you think we should sell to one of the other 2 bidders.
cheers guys
redsincebirth Y.N.W.AThe boston REDSOX were hardly ever at the bottom of thier division they have always been one of the top 2 teams in that division what the new owners did was get rid of players who were underperforming but in no way were they a bottom feeder. that's what they will bring to us if torres doesn't perfom whena striking partner is added then he will go and if ro doesn't turn it around then he will go too as thet did this with a star player in nomar garciaparra and manager grady little when he took them to runner up spot in thier division cham[pionship they will be no nonsense and expect results

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12 Oct 2010 23:29:04
Remember last time it was DIC then changed mind after late bid. As Broughton says its not just about cash its about long term financial stability.

Not really a spirits drinker but during today i felt on trial myself. Just had a couple of shots of malt, just have one more and then hopefully can sleep tonite.

This whole business has seriosuly affected me, plus the team playin s* *te, when will it end.

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12 Oct 2010 23:16:33
Posted this earlier, but looks like I need to post again.

Anyone considering that Lim may be better because of the money no longer has a right to accuse David Moores of any wrong doing - take a good look at yourselves, and shame on you - LIVERPRES

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12 Oct 2010 23:14:39
12 Oct 2010 11:18:32
Expect another two new bidders in the next 24hrs

Still stand with what I said earlier wait and see what tomorrow brings

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12 Oct 2010 23:06:50
When the board decided to sell to NESV it wasn't just about the financial side of the proposed deal, ok you may say they have little or no knowledge of football! but the way i see it is that they want to do for us what they acheived with the REDSOX, rebuild to a standard where we can compete with the best ie the REDSOX winning the world cup twice after an 80 or so year drought stuck at the bottom of their league.
so it seems if they are willing to do what they can to help us win the league again and get other silverware on the way, that's the sort of owner we need, one to restore the winning mentality to our club and restore the positive feeling back to the red side of the mersey!

believable if you think NESV is our best chance.

unbelievable if you think we should sell to one of the other 2 bidders.
cheers guys
redsincebirth Y.N.W.A

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12 Oct 2010 22:26:56
It's simple, The club has been up for sale since April. Broughton and co set a deadline, the first Asian bid and NESV stuck to that deadline and NESV was considered the better for all sorts of reasons. End of story! The judge should rule that rebidding after the deadline, on the day that it goes to court is simply too late and that the only question in hand is; does Broughton have the authority to sell to NESV? If yes, then all systems go and send those 2 clowns back to Texas.

All of this is me going to the bar after time has been called and offering the bar tender some money for beer. He turns me down. . . .believe me I've tried! I know the deadline and I failed!

As for anyone lending H+G money, it would be like me giving £20 to a tramp who, after my failed bar attempt, promises to go and get me some booze and expecting him to come back!

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12 Oct 2010 22:26:31
Bob said:
"We cannot let any Man Utd fan represent us. . don't we hate Man Utd as much as we hate H&G. .

You seem to be confused about, the difference between business and football fandom. Is Lim a Manure fan? He opened some bars and shops to exploit a percieved business opportunity - that doesn't mean he is a fan."

You are 100% right and its comical how everyone jumped on the "he is a man u fan wagon" . .
The only thing Lim know about football is that it makes money and lots of it . nothing more, possibly he think Liverpool will fit in well in his bars . after all its the same colour.
Roy

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12 Oct 2010 22:13:31
If RBS win tomorrow H&G will lodge an Appeal. If H&G win, RBS wil lodge an Appeal. Either way, there will be a further Hearing late this week or early next. As soon as an Appeal is lodged, expect H&G to get an Injunction blocking RBS from foreclosure until after the Appeal is heard.

We're at half-time and it's still all to play for.

RED LENIN
- - - - - - - - - - - -

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12 Oct 2010 22:06:11
I live and work in manchester nadd believe me i have had loads of sh*t over the results and our predicament


why? what they doing? Emailing you from EsseX?

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12 Oct 2010 22:03:21
What happend to dic ?
He went to manage Inter

For shame! There will come a time when we will all wish he had never left.

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12 Oct 2010 22:02:15
Thats me done. .
Im off to bed
Sweet dreams all you Redmen.
Tomorrow never knows.
Will it be Judge Dread
or Judge Fudge ?
Will it be "I don't need a lover"
or "More than a feeling"?
Goodnight and may your God go with you !
SMF

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12 Oct 2010 21:43:10
Hi ed,
given the fact we will eventually be taken over no matter who or what prevails this week, do you think big woy will still be in charge, i believe its set up for new owners to come in steady the ship and hopefully evade administration and the docked points, we can hopefully turn it all round and puch for top 4. therefore woy getting the praise he would well deserve and getting another year to guide us to an FA cup and a safe top 4 finish again for season 2011/ 2012. aptly leaving that summer for england? and then with the promise of champions league football and a solid squad, invite mourinho to take the helm, he said he'd come to us if we had money and by this time we wouldn't be in dire situation we are in now and he would be bored with real madrid by then. what are peoples thoughts? theyre gonna give woy til end of season at least aint they, if no top 4 then all the above could well change and jose maybe offered the role next summer, i think that all depends on how well he does with real, if they win champs league and la liga he could well leave. i think hodgson speaks sense but it may be too big of a task for him.
any thoughts?

{Editor's Note: This is a season of consolidation. Get the ownership issue resolved; tweak the team in January; see the season out. Set up for next year.}

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12 Oct 2010 21:41:33
RE: "Mill Financial" (whoever they are) had "given" Gillett $75 million which he invested in Liverpool

If he has borrowed from a bank, then his name is on the loan and he will have to pay it off, or lose his house in the process. He still invested and his name is at risk here. people don't just give you 75m wit no security

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12 Oct 2010 21:31:54
I disagree,

Im sure billionaires have a team of people working on this purchase, and they have done the home work and know everything they needed to know. Its like playing poker. You don't want to show your hand untill the last moment. Why pay £100m more for a club that you can pick up on the cheap from RBS. I think alot of people have reg intrest with RBS. So no matter what happens here, RBS have a plan to sell the club to a few bidders.

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12 Oct 2010 21:31:00
The one bit of information to come out of todays court hearing that made me "chuckle", was the fact that "Mill Financial" (whoever they are) had "given" Gillett $75 million which he invested in Liverpool (by way of a loan, and is in default on). . it begs the question did either of these lying SOB's actually put any of their own money up to buy the club?

Furthermore, apparently this "Mill Financial" put forth an "offer" of which Gillett and Hicks maintain wasn't even entertained by Broughton (or any of the "Home team") as argued by Mr Girolami QC . .I wonder why?

Absolute "breath taking arrogance" . .the mere fact these two are still able to draw breath is arrogance in my book!

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12 Oct 2010 21:19:03
Liverpool should resign Robbie Keane in January.
Would get him for 6-8million, or in a swap with Babel if Harry seems to be be interested in him.

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12 Oct 2010 21:10:43
MARTIN BROUGHTON TO STAY ON AS CHAIRMAN AS I FEEL HE HAS DONE A GREAT JOB SO FAR A DOESN'T BEAT ROUND THE BUSH WHEN QUESTIONED BY THE FANS - UNLIKE OTHER CHAIRMEN


BEL - YOU WANT HIM TO STAY
UNBEL - SEND HIM TO CHELSKI

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12 Oct 2010 21:08:17
Surely all these late bids should be cast aside. The process was open long enough for anyone serious enough to enter into it, and there was plenty of time for the board to review all offers. The board have made their decision now based on their findings and they recommend NESV as the best party. It is very easy to say after the event that so and so would have paid more. Why didn't they when they had the opportunity. If something changes now and Lims bid(or another) is accepted, presumably the other party will come back again saying they would have offered more. .where will it all stop? The board have made their decision based on all the info they had, it was the best bid on the table - end of story.

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12 Oct 2010 21:08:03
Oh on the bright side scum utd will have this when their debts are called in in 2017ish and it could be upto a billion pounds by then - oh how we will laugh

Be honest mate the scum havent really took the piss on the takeover side. .they have on results. but they know theyve got the same problems at some point . .its the bitter blues who have really took the mickey. . the rich men from over the park. the klan

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12 Oct 2010 21:00:12
Ed just thought I'd ask before the Everton game. .
Who is that asian lady sat next to Ian Ayre, the one with the wedding ring on and the "I am Ian Ayres Wife" tee shirt on? ?
Could she be anything to do with another bid?
SMF

* Might be something to do with a secret bid from Asia.

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12 Oct 2010 20:59:22
Oh on the bright side scum utd will have this when their debts are called in in 2017ish and it could be upto a billion pounds by then - oh how we will laugh

bigg2966

Oh I think it will happen well before then my friend, the cracks are starting to show now, The thing is, were we will be saved with a 300million buyout, who in their right mind is gonna bail the Scum out for closer to 1 billion. I'm hoping we have reached rock bottom now, and we can all start enjoying our football at Anfield again, God i'd love to see the days when we used to come out of Anfield complaining that we'd only beaten somebody 3-0 instead of the expected 5-0, what do you think Ed. .

Sooty. {ed's note - I would just be happy to have a well run club playing good football, that is the most important thing to me.}

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12 Oct 2010 20:57:41
Can we quit with the 'Broughton is a Chelsea fan' rubbish please? The idea that he would sell his professionality for loyalty to his favourite football team is laughable. And it's disturbing to think that a Man U fan will one day have you round his house cleaning the windows, and you'll s* t in his bed or something

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12 Oct 2010 20:57:37
RE: judge

Look at this point i trust the judge more than i trust by parties. The judge should see details of the bids and decide which deal will be better for lfc future. This will be fair, and the fans can trust the uk justice system.

If Hicks win, then the bid was not fair, and everyone will know this. we have to hope that the judge is willing to review everything in detail. something the club has not done.

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12 Oct 2010 20:52:40
Ed just thought I'd ask before the Everton game. .
Who is that asian lady sat next to Ian Ayre, the one with the wedding ring on and the "I am Ian Ayres Wife" tee shirt on? ?
Could she be anything to do with another bid?
SMF {ed's note - do I detect a note of sarcasm?}

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12 Oct 2010 20:52:11
It is possible that the whole thing cleared up for the Judge when he considered that H&G were in breach, no matter the reasons. There are more professional ways of registering your displeasure with an offer than calling the board, sacking 2 of them and then hanging up, so why did Hicks not pursue them? Why indeed did Hicks not attend the board meeting, even over the phone, and express his dislike of the offer? How did he get to hear all the details of the offer? This must be taken into account, breaching agreements and then a failure to do your duty by attending a board meeting does not support the 'concerned owner' argument he is flogging.

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12 Oct 2010 20:49:28
Kuyt off 29mins looks a doubt for sunday oh no

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12 Oct 2010 20:39:41
I would swap Adam Johnson for Torres without a second thought!

Believable = Yes
Unbelievanle = No

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12 Oct 2010 20:34:42
The way i see it is H&G can't possibly win tomorrow, it appears that the wonderful Lord Grabiner QC has basically p*ssed on every single argument they had, i fully expect us to win tomorrow at 10am.

ynwa

jft96

wish i was that confident - i hope you are right

bigg2966

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12 Oct 2010 20:23:30
No offence, but this is more interesting than watching the football team perform. Two side take the field and already there have been some over the top tackles Wenger would denounce. Lawyers trying to kick feck out of each other. Great stuff! The ref is watching, but does nothing at this stage. . could go down to extra time and penalties. A spectator just ran onto the field claiming he has the right to play as well. . Bid by Mill Financial (hedge fund who now own G's shares) would pay off all debt and committ to 100m on new stadium (Twitted from the Court). Intersting twist if the Ref allows a late substitution. Could Mill Financial score a late winner?

Awful mate. Terrible effort

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12 Oct 2010 20:20:11
Kuyt has been subbed in the Hooland game, any1 know if he is injured?

Rez

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12 Oct 2010 20:11:57
Interesting stuff however I think RBS will win this one for a number of reasons:

1. Hicks has said he deliberately tried to block the sale.
2. Originally a criteria was set out for potential new owners (repay dent, invest in squad, build (or in NESV potentially redevelop) a new stadium and show they have the funds available for all of the above.

If Broughton can prove that NESV was the only ones at that time to met the criteria (which he should be able to do) and that everything was done to meet the October deadline (if it is now October and not 1st November) for Prem ownership and debt being paid back, then no other interested parties can gazump the agreed sale as there would be legally binding contracts.

IMO I'd rather go with NESV, I don't like people like Lim who come in offering cash and saying we would have £40m for transfers (actions speak louder than words) - if the club has the debt removed we were (obviously don't know what this season brings not being in champs league) making £40m in profit each year so i'd prefer if he said there would be significant money available on top of any profit we make for new players.

Hopefully we will get good news 2moro!

Hoola

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12 Oct 2010 19:53:21
Ed! i am reading this new date 1st November. What is this for? Can you please explain what does this date mean? {ed's note - that is the date that H&G claim the debt is due instead of the 15th of October.}

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12 Oct 2010 19:52:43
The way i see it is H&G can't possibly win tomorrow, it appears that the wonderful Lord Grabiner QC has basically p*ssed on every single argument they had, i fully expect us to win tomorrow at 10am.

ynwa

jft96

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12 Oct 2010 19:43:10
Just the way Lim is behaving, he sounds like he should be trying to buy Portsmouth, not our grand old girl. I just do not see how anyone who plays this kind of game with these staggering amounts of money can expect to be taken seriously. And before anyone goes on about the 40m for players, does anyone know how long a period that is for? 3 years? And what good would 40m be in January anyway?
This Mill Financial thing is seriously making me feel uneasy tbh. it's like being circled by a shark. Utd fans, 1 bad season, and this is you guys too.

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12 Oct 2010 19:35:14
I don't believe some fans on here bitching about Broughtons decision to sell to Henrys company, rather than a Manure supporter from singapore. The price 300million is a fair price in todays market. That Singapore Man utd fan would not have been welcome, as soon as proper fans, found out about his utd connection. I think this was purslow and Ayres imput in the sales process and I for one thank them.

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12 Oct 2010 19:30:17
The power to decide who is a viable and genuine bidder was placed in Boughtons hands by RBS, his job was to find a bidder best for the club and h&g were taken out of the process due to them putting previous birders off! So why is this going to court anyway? Makes me wonder what H&G have in their locker? Ed, can you confirm my comments? {ed's note - H&G were never going to take a huge loss without making an attempt to get more money.}

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12 Oct 2010 19:17:30
Ermm, have i missed something today? The Court case that will be decided upon tomorrow is RBS -v- Hicks and Others.

The LFC -v- H&G case isn't due until at least the end of the week.

Or like i said, have i missed something?

Bob the Red

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12 Oct 2010 18:58:29
I think we need a bit of calm here. Mr Justice Floyd is not stupid. He is very astute and also a reasonable guy who has come down on the side of employees versus employers in the past. I have faith in him to see through H&G and the late bid from Lim which is pathetic really. The latter does not really top the NESV bid and he has no track record of running any sports club. Let us see what happens tomorrow!

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12 Oct 2010 18:53:06
12 Oct 2010 18:38:07
Heas or tails - anyone want to call this one.
have been glued to this all afternoon - forgot some american is paying me to help run his business in the uk - and i don't know which way this is going to fall.
i hope nesv get the club H&G have gotta go now, the other bids i don't trust at all, lim hasnt got the wealth to sustain a club and build a new stadium/ regenerate anfield the other one mill finance or whatever they are called are not for us they will just do what hicks has done and leverage the debt.
i totally trust broughton purslow an ayre an if they say nesv are the best then i trust their judgement.

hicks hsa said he broke the contract so lets hope the judge comes down in favour of LFC, not the banks or the vultures waiting to pick at our bones but LFC and the fans and let nesv buy the club and start investing.until the deal is done we don't know what they are going to give Roy to spend in jan.

in god we trust

ynwa

bigg2966
- - - - - - - - - - - - - - -
One legendary city expert said the day after the NESV deal was announced that the deal would go through because H&G had broken their 'banking covenants' (meaning?).
From what I have read NESV has a legally binding agreement with Liverpool FC so it doesn't matter at this stage about Lim and Mill.
In the long run I believe NESV to be the best option because of their history and success in running sports teams. The other interested parties are unknown so I have to trust Broughton et al at this stage.

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12 Oct 2010 18:48:03
Ed at 4.04pm the judge is reported to have said that it would be a "little ambitious" for the case to be settled by Friday, yet by 4.48pm he had concluded the hearing and advised that Judgment would be given at 10.30am the very next day. The million £300m question is what happened in those crucial 44 minutes. These 44 minutes were the period when RBS's QC was laying out his case in rebuttal to Hick's QC's comments. One of either two things must have happened. Either the judge was comprehensively persuaded by RBS's QC that Hicks was breaching his undertaking and up to no good or alternatively the judge took the view that RBS's case did not stack up. Given that (1) the April 2010 refinancing by RBS was agreed on the basis that Hicks and Gillette undertook to allow the board to conclude an orderly sales process, (2) that the Board has been conducting a confidential and professional sales process within the remit given to it and (3) that NEVS's offer 9 days before the RBS repayment deadline was the best offer on the table when the decision was made to sell to NEVS, I am of the view that the Judge will side with RBS. Reality Red

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12 Oct 2010 18:38:07
Heas or tails - anyone want to call this one.
have been glued to this all afternoon - forgot some american is paying me to help run his business in the uk - and i don't know which way this is going to fall.
i hope nesv get the club H&G have gotta go now, the other bids i don't trust at all, lim hasnt got the wealth to sustain a club and build a new stadium/ regenerate anfield the other one mill finance or whatever they are called are not for us they will just do what hicks has done and leverage the debt.
i totally trust broughton purslow an ayre an if they say nesv are the best then i trust their judgement.

hicks hsa said he broke the contract so lets hope the judge comes down in favour of LFC, not the banks or the vultures waiting to pick at our bones but LFC and the fans and let nesv buy the club and start investing.until the deal is done we don't know what they are going to give Roy to spend in jan.

in god we trust

ynwa

bigg2966

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12 Oct 2010 18:00:48
Ed, why are people saying h & g have a case their chances of winning the case are very slim in my opinion
west midland scouse

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12 Oct 2010 17:44:47
I believe H+G should win, the law is the law, and i have told people on this site not to trust broughton because he is looking after his Barcrop friend + Red-Sox connections, by getting them a club on the cheap. The best big was not taken. Martin Broughton tried to use the media to add weight to his decision. He tried to play the fans in this game. RBS are looking after RBS, Broughton is their man on the inside. But Broughton the man is looking after broughton and his friends. H+G should retain control of the club. Broughton should be sacked for his under-handed performance at the club. RBS should call in the loan come friday.
RBS should sell the club to Red-Sox for say 400mil. Make the americans borrow more to purchase lfc and openly saddle the club with debt. We can start the hate campaign all over again with Red-Sox Owner this time.
We are just replacing One Hicks with Another Hicks.

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12 Oct 2010 17:15:34
No offence, but this is more interesting than watching the football team perform. Two side take the field and already there have been some over the top tackles Wenger would denounce. Lawyers trying to kick feck out of each other. Great stuff! The ref is watching, but does nothing at this stage. . could go down to extra time and penalties. A spectator just ran onto the field claiming he has the right to play as well. . Bid by Mill Financial (hedge fund who now own G's shares) would pay off all debt and committ to 100m on new stadium (Twitted from the Court). Intersting twist if the Ref allows a late substitution. Could Mill Financial score a late winner?

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12 Oct 2010 17:05:17
Why would RBS put LFC into administration as it would be ten times harder for them to sell LFC and get their money back. They just want their money and they realise that its been hard enough trying to sell LFC up to now so they wouldn't want to make it harder

{Editor's Note: Nobody wants Administration - incluing RBS.}

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12 Oct 2010 17:00:27
Our best victory of the season comes on 13/ 10/ 2010. A quick verdict is all LFC wanted. John W. Henry will be at the game on Sunday and hailed as the head of the new group that will return us to greatness

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12 Oct 2010 16:59:23
From what most 'experts' interviewed outside the High Court in London today have said, administration is highly unlikely. RBS, H&G, other parties and Liverpool do not want it.

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12 Oct 2010 16:58:18
4.48pm: JUDGEMENT ON THE CASE IS TO BE GIVEN AT 10.30AM TOMORROW (WEDNESDAY) MORNING

ed can i ask what will this be? Will it be a win for either party or what? I am not aware of how court cases may work in full details. Hopefully this means that we can finally move on after tomorrow. FINGERS FIRMLY CROSSED

{Editor's Note: It means if it is in favour of RBS, that the club can be sold to NESV as and when the debts to the bank are not paid. If it goes against RBS, then Hicks & Gillett can seek a better buyer - but they would need to be quick in doing so.}

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12 Oct 2010 16:54:09
This has just come in on the Guardian website:-

JUDGEMENT ON THE CASE IS TO BE GIVEN AT 10.30AM TOMORROW (WEDNESDAY) MORNING

I thought the Judge said friday was ambitious?

I really am in a state of disbelief that this is happening to LFC.

Rormac

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12 Oct 2010 16:52:05
Judgement to be at 10am tomorrow morning, according to Dan Roan's twitter of the court.

Deal has until 1st November to go through.

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12 Oct 2010 16:51:55
4.48pm: JUDGEMENT ON THE CASE IS TO BE GIVEN AT 10.30AM TOMORROW (WEDNESDAY) MORNING

come on you reds

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12 Oct 2010 16:50:56
Ssn chief news reporter says just says a verdict due at 10.30 am tomorrow morning :)

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12 Oct 2010 16:49:31
Judgement will be at 10.30am tomorrow .
BBC danroan.
twitter.

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12 Oct 2010 16:48:08
If the court doesn't make its decision today, or indeed, this week, This could happen:

If the Oct. 15 deadline for a refinancing of Liverpool's debt is missed, lawyers believe RBS could take control of the club and conduct the sale itself.
That could result in the holding company of the five-times European champions briefly being put into administration, which would result in the points deduction under Premier League rules.

Seriously ed i don't want to be negative but this doesn't look too good for us. Im bloody scared. Im 19 and never saw my favourite team lift up a premier league trophy and because of those stupid dry pieces of crap I might have to wait another 19yrs.Lol

{Editor's Note: You have to trust that RBS and Wells Fargo will not do anything to harm the club.}

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12 Oct 2010 16:27:04
4.04pm: JUDGE SAYS IT WOULD BE A "LITTLE AMBITIOUS" FOR THE CASE TO BE SETTLED BY FRIDAY. (In reply to Broughton's QC saying board would desperately like a verdict by then). Just wondering where that would leave us.

Where we've been since the day Peter Robinson stepped down. In the sh*t. Thanks, Gillet, thanks Hicks, special mention to Noel White, guilty of extreme arrogance and complacency in the early 1990's. However, David Moores and Rick (silent P) Parry, come on down. You chiselling pair of shysters! !

And if by any chance any of the players read this website, stand up and be counted this weekend. You can't use this to cover the fact that vast majority of you have been playing like spineless, useless h*cks this season. Every single one of us would run through walls to wear that red shirt. Do the h*cking same will you! !

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12 Oct 2010 16:23:55
H/ G claim they were kept out of the discussions but it was them who chose not to partake, also their lawyer was listning through the whole thing via phone, when it comes down to it they made an agreement with RBS about not messing up a decent deal or what the board would class a decent deal but that's exactly what their doing, if there's documentation H/ G agreed to this then I don't see why it's dragging.

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12 Oct 2010 16:16:35
True complexity of this case now clear - 5 qc's have now spoken - for rbs, h&g, lfc, Broughton, and nesv
BBC c
dan, twitter

*thought NESV werent involved in the court case?

{Editor's Note: I expect it was just to confirm matters of fact.}
PIDDY

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12 Oct 2010 16:14:40
Dear Ed:

{Editor's Note: From the feeds it strikes me that the case put by RBS has been pretty flakey and H&G have come out pretty well. It is a case of whether due process was applied and it may well be a pretty close call.}

i think from what ive read H&G look more flakey, why do you say RBS do? Your thoughts

Chris

{Editor's Note: At a number of points the QC for RBS made somewhat sly and unsubstantiated remarks about H&G. There was little to cak this up.}

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12 Oct 2010 16:14:32
One question I would like to hear Lord Grabiner ask is "Have Mr Hicks or Mr Gillett spoken to Peter Lim since the Board made the decision to sell the NESV? If so, why, because they had entrusted the sale of Liverpool FC to Mr Broughton?"

{Editor's Note: It is not a case for the judge as I understand it, but potentially the worst case scenario for Liverpool fans.}

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12 Oct 2010 16:10:51
4.04pm: JUDGE SAYS IT WOULD BE A "LITTLE AMBITIOUS" FOR THE CASE TO BE SETTLED BY FRIDAY. (In reply to Broughton's QC saying board would desperately like a verdict by then). Just wondering where that would leave us.

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12 Oct 2010 16:05:50
Ed where is all this info coming from on what they are saying inside the courts i am lost :S

{Editor's Note: A BBC tweeter and the Guardian web site feed. Expect it come to a close pretty soon for today.}

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12 Oct 2010 16:03:54
Seems lfc have until nov 1 to do deal with nesv - if rbs decide not to put club into admin'ion - judge says resolution this week "ambitious"

BBC dan, twitter

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12 Oct 2010 16:01:04
"The Home Team". Nice one Mr. Broughton. Oops I wonder who c.c.ed one of the clowns by accident with that email last week, or do you think there is an insider working for them. Either way it's like a kid crying to his mother that little johnny wouldn't let him play or was calling him names

{Editor's Note: Actually it will be a significant issue in support of their view that they had been cut out of the process.}"

If you refuse to be updated on the dealings and hang up and refuse to take on or help make a decision then what is supposed to happen. MB's job is to find a buyer for Liverpool FC. if NESV came in with say 400 mill and H&G wanted more money than that they could have hung up and not been involved in the process either. Hicks is an evil and a greedy bastage. He has no power over the club that he bought in a leveraged buyout. He'll end up losing more that cash. Mill by the way own half of gillettes shares. They stand to lose 73 mill too if it goes to administration. Can't see it happening. Let's hope RBS moves this along on friday.

I have failed to see where H&G have raised any valid argument. Buyer is in place with an accepted bid.WAHHAA hicks doesn't like it. So what. When NESV bid was accepted then this thing was done. Watch what will happen in the next hour. Thoughts ED to this and my rebuttal above?

{Editor's Note: From the feeds it strikes me that the case put by RBS has been pretty flakey and H&G have come out pretty well. It is a case of whether due process was applied and it may well be a pretty close call.}

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12 Oct 2010 15:57:56
3.52pm: Broughton's QC says: 130 parties were approached by the board in regards to takeover. "It was a thorough and well thought through process".
He adds that the Meriton offer only came in once they seen the bid by NESV. Meriton's original bid was "significantly less" than NESV.
He also says that Mill Financial wanted exclusivity, which was prohibited under the rules of the RBS agreement.

Chris

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12 Oct 2010 15:44:09
"{Editor's Note: It is a throwaway comment with no significance. He seems short of having an evidence-based position to put forward.}"
- Couldnt agree more Ed. In fact, I am very disappointed with a lot of the inflammatory language being used by/ in our defence. I only see this as being counter-productive. This is a court case, not a popularity contest and I suspect the Judge will be less than impressed with anyone trying to make this an emotive issue. While it may (and definitely is) an emotive issue for us, Judges are selected and paid for being impartial and making decisions based on facts alone.

JF

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12 Oct 2010 15:37:14
3.28pm: Lord Grabiner says correspondence between board and owner prove that H&G knew of the meeting on 5 October and instead they simply refused to turn up and not, as their QC says, that they were excluded from it by the "sub-committee".

Lord Grabiner describes the owners as "slippery" because they wanted a one week adjournment to that meeting knowing full well that NESV's deadline for their offer to expired on 5 October.

Also, Hicks had a lawyer, Bruce Toth, listening to that meeting via telephone as an observer, destroying their argument that they were excluded from that crucial meeting.

Its hotting up in there! Keep the Faith! YNWA

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12 Oct 2010 15:35:34
"The Home Team". Nice one Mr. Broughton. Oops I wonder who c.c.ed one of the clowns by accident with that email last week, or do you think there is an insider working for them. Either way it's like a kid crying to his mother that little johnny wouldn't let him play or was calling him names

{Editor's Note: Actually it will be a significant issue in support of their view that they had been cut out of the process.}"

If you refuse to be updated on the dealings and hang up and refuse to take on or help make a decision then what is supposed to happen. MB's job is to find a buyer for Liverpool FC. if NESV came in with say 400 mill and H&G wanted more money than that they could have hung up and not been involved in the process either. Hicks is an evil and a greedy bastage. He has no power over the club that he bought in a leveraged buyout. He'll end up losing more that cash. Mill by the way own half of gillettes shares. They stand to lose 73 mill too if it goes to administration. Can't see it happening. Let's hope RBS moves this along on friday.

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12 Oct 2010 15:35:02
3.28pm: Lord Grabiner says correspondence between board and owner prove that H&G knew of the meeting on 5 October and instead they simply refused to turn up and not, as their QC says, that they were excluded from it by the "sub-committee".

Lord Grabiner describes the owners as "slippery" because they wanted a one week adjournment to that meeting knowing full well that NESV's deadline for their offer to expired on 5 October.

Also, Hicks had a lawyer, Bruce Toth, listening to that meeting via telephone as an observer, destroying their argument that they were excluded from that crucial meeting.

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12 Oct 2010 15:32:30
The guy on the guardian website seems better imformed than dan roans

{Editor's Note: It is just the way they are reporting it.}

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12 Oct 2010 15:30:10
H&G guilty of "Slippery Behaviour" what should we made of that ed?? It Looks like The guardian and BBC Have both different views of this trial.=S

{Editor's Note: Two different reporters. "Slippery behaviour" is a useless position to put forward - it is simply a throwaway comment.}

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12 Oct 2010 15:29:24
Ed, Do you think these late bids are a bit fishy, I had a feeling they were coming but have a strong feeling that mr hicks is in someway behind one of them and believe this may have strengthed his hand today?

{Editor's Note: Not so much fishy, but two rather than one was unexpected. Lim we knew about. Mill we worried about last week and convinced ourselves that we would be OK.}

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12 Oct 2010 15:23:51
Tension mounting-Lord Grabiner qc now speaking for LFC - says H&G guilty of "slippery behaviour"
1minute ago

BBC Dan, twitter

{Editor's Note: It is a throwaway comment with no significance. He seems short of having an evidence-based position to put forward.}

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12 Oct 2010 15:19:52
So now this date of nov 1 has been given
so does this mean that rbs can still call in the debt on fri then?
does it also mean we will now more than likely head for administration as the debt won't be re paid fri.
any ideas ed

{Editor's Note: Everyone wants a negotiated solution - nobody wants RBS to have to force Administration. Also, the provisions of the additional two weeks is not clear - it seems the debt is due on Friday but there is perhaps an additional two weeks before action can be taken? My best thoughts at present.}

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12 Oct 2010 15:16:30
I think this outcomes will happen
1)the members of board still the same
2)the deadline extend to Nov 1
3)open to new bidder come in.

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12 Oct 2010 15:13:12
Ed are sky sports news a reliable source

always a red

{Editor's Note: They will report fairly on the court case.}

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12 Oct 2010 14:59:09
Thats complete total utter B*llocks. How come now they have until the 1st of November. For christ sakes when is it gonna end. Ridiculous, these yonks can't just let go for crying out loud. ARRRRRRRgh

{Editor's Note: They clear accept and want out - the issue is that they want the best financial deal on offer - which may not be the best for the club. Or, how about this, maybe Mill would allow them to keep a percentage investment as non-Execs of the business. That would allow them to probably increase their return in the future.}

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12 Oct 2010 14:58:24
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.

Any news on this Ed?

{Editor's Note: It is not entirely unexpected.}

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12 Oct 2010 14:57:49
From where I am looking this does not look good. November being mentioned as a deadline to pay RBS. Looks like we are going to saddled with the extra repayment penalties if hicks wins as he trys to find another buyer before November. This would saddle the club with even more debt and would mean definite administration as nobody will want to pay 350 million plus for the club. They will let RBS take it and then wait till administration to happen. I think this is far from over unless the RBS lawyers can come up with some golden nugget

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12 Oct 2010 14:57:37
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.

{Editor's Note: Interesting - but by no means a shock.}

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12 Oct 2010 14:57:04
"12 Oct 2010 14:47:36
"The Home Team". Nice one Mr. Broughton. Oops I wonder who c.c.ed one of the clowns by accident with that email last week, or do you think there is an insider working for them. Either way it's like a kid crying to his mother that little johnny wouldn't let him play or was calling him names

{Editor's Note: Actually it will be a significant issue in support of their view that they had been cut out of the process.}"

It could be easily explained though, we don't know the context at it could simply allude to those board members located in this country. It could be mirthful rather than an indication of a clique. The key point is that H&G knew when they signed the new agreement that their votes could end up counting for nothing. If true that they were cut out of the process, then that's clearly poor form, but i wouldn't say it was necessarily a deal breaker as this happens to varying degrees at every level, from board room to government cabinet. I still reckon we're going to trial though as there have been too many new arguments put forward, particularly this new date of 1st Nov.

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12 Oct 2010 14:55:22
What?:-

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.

Rormac

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12 Oct 2010 14:51:22
This aint good:-

Hicks claims that the sub-committee became so ingrained that the directors started to refer to it as the "home team" in emails between themselves.

Rormac

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12 Oct 2010 14:47:36
"The Home Team". Nice one Mr. Broughton. Oops I wonder who c.c.ed one of the clowns by accident with that email last week, or do you think there is an insider working for them. Either way it's like a kid crying to his mother that little johnny wouldn't let him play or was calling him names

{Editor's Note: Actually it will be a significant issue in support of their view that they had been cut out of the process.}

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12 Oct 2010 14:43:10
Anyone else wondering when one of these updates will be RBS' representatives? It sees to be all G&H since before lunch.

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12 Oct 2010 14:40:47
Singapore red whats the time over there at the mo

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12 Oct 2010 14:39:48
All i keep reading is Hicks this Hicks that from the court room feeds on other sites. .

Arent the Solicitors for The club having anything to say to respond for f*cks sake! ! ! ! ! !? ?? ?? ?? ?

{Editor's Note: They are putting their case at the moment. Th Barrister will have an opportunity to respond shortly.}

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12 Oct 2010 14:36:43
Ed. . . . .if hicks and gillett lose can they appeal against the decision {ed's note - it will come down to the judge, but it is likely that the judge will allow them to appeal any decision.}

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12 Oct 2010 14:35:42
2.15pm: Back to the High Court: G&H claim the board meeting last Tuesday broke down when they US owners refused to continue "after a conversation with the chairman during the adjournment". They claim that the remaining three directors, Broughton, Purslow and Ayre formed a 'sub committee' which then considered the bids and after discussions with RBS decided to go with NESV.

2.23pm: Hicks has written a letter to the court: He says that he and Gillett feel they "had become excluded from the sales process by the board"

Is it just me or did G&H exclude themselves by refusing to continue the meeting?

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12 Oct 2010 14:34:05
This lim fella is a shady fella ?, he ups his bid at the last second & he also owned 5 man utd bars(would you want a utd fan in charge, Not in are best interests of the club)also reminds me ov when the yanks upped there bid to rick parry at the last moment.
-Pete-

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12 Oct 2010 14:31:41
This comes from the guardian live updates. . . .Hicks has written a letter to the court: He says that he and Gillett feel they "had become excluded from the sales process by the board". If they feel that ostracised, why aren't they at court?! ! !

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12 Oct 2010 14:28:49
{Editor's Note: Far eastern countries in my experience tend to follow success - hence the very large supporter base for Manchester United, and less so for Liverpool and less so still for Chelsea.}


i dun think so Ed, i stay in India at the moment but there are still supporters like me over here who are liverpool through and through. Liverpool's fanbase is india is bigger any other club.I've my coach who is a newcastle fan and still wears a newcastle jersey.

{Editor's Note: I was thinking more of the far east than the subcontinents - but an intersting point you raise.}

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12 Oct 2010 14:20:15
Just a quick one i have been watching this lim before had 5 and nsev had 14 lim now only has 2 how is this

{Editor's Note: Almost certainly a conspiracy.}sarcasm is the lowest form of wit lol

lfc mike

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12 Oct 2010 14:13:45
I had a friend tell me a couple of days before the takeover was announced that two parties were involved in negotiations. He didn't know the identity of those involved but said that one party in particular was keen to bring in their own manager. Read into that what you want. Could be another reason why the Singapore bid was rejected (apart from the Utd Bars).

1- How com he knew how many bids were made but not names, You're suggesting he has people high up to relay this information and yet they don't trust him with names WHY, Don't say confidentiallity agreement because that was surely broke when he was told there was bidders.

2- I don't think there is a buyer out there who would be happy to keep hodgson based on poor results and he's never acheived anything in this league/ country.

3- He knew one bid wanted its own manager, Again he knows alot about the bidders just not the names, This whole post seems to far fetched and too much B.S for me.

Read into that what you want you say:

Thanks for letting us decide, At first i was thinking great i HAVE to beleive this nonsense but now that you've let us decide, Well my desicion is this either,

A- your lying
B- your friend is lying.

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12 Oct 2010 14:02:47
I live in Singapore, and in addition to owning a chain of manure bars, he used to run a chain of shops that sell manure merchandise(those shops have closed down) Sure, it is a great honour to have a fellong countryman running the greatest football club in the world, but when he doesn't know how to run the club and is just there for the money, i would rather have people(nesv) that know how to lead us back to glory and are willing to invest in the squad,


singapore red

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12 Oct 2010 14:00:13
Am i missing something. if Hicks is so keen on Mills £300m deal pluas £100m for the stadium why does he not agree with Mill that he will borrow £300m form them, use it pay off RBS and tehn transfer ownership to Mill. The reason seems to me that its aload of baloney desigend to delay matters. Besides as has already been said , NEVS's bid was teh best on teh tabel at the time the board took the decision to bind itself into a sale with NEVS. Was it unreasonabel to do so when it was teh best bid on teh tabel and with only 1 week to go until RBS needed ot be repaid. I don't think so. Reality Red

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12 Oct 2010 13:50:33
This worries me from the Guardian website:

Back to court, H&G's representatives: "Claims there was no meeting of the Kop Holdings board to discuss NESV deal and this should have happened."

Surely all memebers of the board should have been present?

Rormac

{Editor's Note: A point that the judge will no doubt take on board.}

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12 Oct 2010 13:44:04
OK, so Lim and Mill Financial may have made higher bids, but the price isn't everything. What where Broughtons instructions when he was appointed to sell the club? Is he there to get the best deal for the future of LFC, or the most money for H&G?

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12 Oct 2010 13:32:34
I couldn't have agreed more with Ed. . .

We cannot let any Man Utd fan represent us. . don't we hate Man Utd as much as we hate H&G. .

Press blv if u agree. .

Red all d way

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12 Oct 2010 13:31:23
It seems hick's has hired quite a decent lawyer as ssn has reported that they seem 2 be on top at the moment!

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12 Oct 2010 13:26:41
12 Oct 2010 12:58:51
If fans got to choose

beliv for lim

unbeliv for nesv

just curios what everyone else thinks

lfc mike

just a quick one i have been watching this lim before had 5 and nsev had 14 lim now only has 2 how is this

{Editor's Note: Almost certainly a conspiracy.}

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12 Oct 2010 13:19:11
As you all know jwh has posted to the fans saying we all want the same thing

bel (if you trust him) unbel (if you don't trust)

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12 Oct 2010 13:09:45
It is rumoured that Liverpool will be stable in the future. Just a rumour, nothing concrete.

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12 Oct 2010 13:06:18
Ed. to be fair you have stated continuously that Peter Lim has no experience of running sports franchies. This is true, but you only have to look at the two cowboys that own us at the moment who DO have sports ownership experience and your theory is blown out of the water. The essential thing for ANY new owners is to understand what owning Liverpool Football Club means and to get the right people in to run the club. Only then can we move forward and reclaim our place in the upper echelons of the EPL.
G SPOT

{Editor's Note: I disagree - so you prefer a Manchester United supporting financier than an organisation with a successful track record in the the appropriate field. We will have to agree to disagree on this.}

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12 Oct 2010 13:05:46
WE SHOULD ALL PREFER THE NESV BID ANYWAY
BECAUSE H&G WILL GET 20MILL LESS MONEY. . ha ha ha ha ha Aha HAH
Lol
Harry5

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12 Oct 2010 13:05:43
Mill financial pledge to rid all debt, as well as £100m towards a new stadium.yet another promise they know we want to hear!

DE JA VUE OR WOT! !
PIDDY

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12 Oct 2010 13:04:57
Mill Financial were meant to meet Broughton last Thursday to discuss a possible takeover but it was cancelled. Hicks and Gillett's representative wants to know why this meeting was cancelled.

Why! ! Jesus you dumb h*cks! ! !
It was cancelled because 2 days earlier a bid had been formally accepted by the board, a legally binding acceptance, so why would you still go to meeting to discuss the sale of a club you had already agreed to sell! ! ! ! ! ! ! ! ! ! !

God these people representing the parasites are brain dead! ! ! !

{Editor's Note: I think you are rather missing the point of their argument. They are saying that insufficient consideration was given to these other bids before an offer was accepted.}

So are you saying Ed that a man of Mr Broughtons standing and business portfolio hasnt looked at all the possible avenues and then choosen to go with the offer he seems fit enough for the club in the years to come? ? Its quite clear from whats coming out of that court room is that H+G argument is the board were looking to sell in the best interests of the club and not as they want in the best interests of there wallets! ! ! ! !

Quite frankly they sawing the branch that are sitting on the more they open there mouths! ! ! ! ! !

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12 Oct 2010 12:58:51
If fans got to choose

beliv for lim

unbeliv for nesv

just curios what everyone else thinks

lfc mike

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12 Oct 2010 12:54:50
So there has been a new bid for our beloved club but whos to say its the right bidder whats your opinion ed do you think there is a few to many false promises from the far east. Whats everyones take on this believe if you think mr Henry would be better or unbelieve if you think mr Lim can bring back the glory days

{Editor's Note: The Lim bid we knew about - and yesterday we found out the detail. It is not a party who I would expect to be acceptable due to complete lack of relevant experience. More interesting is Hicks' back-pocket bidder - Mill Financial. I did think last week that something like this was going to come out.}

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12 Oct 2010 12:46:00
Mill financial have(had) also tabled a bid?

BBC dan, twitter

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12 Oct 2010 12:45:23
{Editor's NOte: All of this is still dependent on Hicks and Gillett not making a payment of £x when the debts fall due. It will not be finally resolved today - regardless of the outcome of the court case.}
- - - - - - - - - - - - - - - - - - - - - - - -
I know that ED but what do you think of the timing of the Lim bid?

Blair Mayne YNWA

{Editor's Note: Not a new bid, just a deliberately time press release - knowing that it would come during the reporting of the court case - ergo - high visibility.}

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12 Oct 2010 12:45:20
Who on earth are Meriton?

{Editor's Note: Assume this to be Lim.}

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12 Oct 2010 12:38:26
H&G's counter-accusation is that it is the board who have breached the contract by not giving fair consideration to other offers.

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12 Oct 2010 12:37:30
Liverpool seemingly has the upper hand in the court. . Ed, what you think, is the decision gonna be made today?

{Editor's Note: I hope so. Friday still remains critical.}

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12 Oct 2010 12:25:49
Hick's QC has admitted that he is in breach of the undertakings given to RBS but is arguing that the board should not be reconstituted until Friday which I understand is the date when Broughton goes for his declaratory order. This is good news in that they have admitted there is an undertakings, which they haev breached. Undertakings are taken very seriously by judges and hopefully this judge will therefore have little sympathy with Hicks and Gillette.I suspect that the judge will allow the board to be recosnstituted with Broughton Ayre and Purslow but will include a proviso that a sale cannot go through until Friday's hearing takes place. FFS unbelieable that our cliub has been dragged to these depths by these scamsters. Reality Red

{Editor's Note: I cannot see how the club could be sold until the debts have not been paid when due.}

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12 Oct 2010 12:19:37
Sky, Sky ports and the BBC can get as excited as they like about the peter Lim 'bid', but if the Court case goes in favour of Liverpool FC NESV will be the new owners.
People need to look beyond brealing News headlines and realise that those involved with NESV have wealth totalling many billions and have great experience and success in the day to day running of sports teams.

{Editor's Note: "...if the Court case goes in favour of Liverpool FC NESV will be the new owners" will only be correct if Hicks cannot pay off the debts by the time they become due.

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12 Oct 2010 12:15:12
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.

{Editor's Note: It is the second of those two options you need to consider.}

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12 Oct 2010 12:13:02
Ed. . . .after the news that sky sports has just said that Peter lim has put in a offer of 329m plus 40m for January transfer window, do you think this is better off for Liverpool or do you think we would be better off if Henry bought the club.

{Editor's Note: NESV would be best for Liverpool and the Board has accepted there bid already. The board have a binding agreement in place with NESV and could not break that without ending up in court. As far as I can see, this offer from Lim could only scupper the sale plans if Hicks somehow manages to pay off the loans by Friday. Then he could sell to whomever he wishes.}

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12 Oct 2010 11:42:40
Here are the details of the new offer to acquire Liverpool FC, which will be announced in a few moments by the billionaire Singapore businessman, Peter Lim.

He is offering £320m in cash for the club and its liabilities, compared with the £300m offered by New England Sports Ventures - which was accepted last week by Liverpool's chairman, Martin Broughton.

But what may excite Liverpool's fans is that Mr Lim is also saying he'll provide £40m in cash to Liverpool's manager, Roy Hodgson, to purchase players during the January transfer window.

Liverpool's board will find it difficult to ignore Mr Lim's new offer, raising yet more uncertainty about the ultimate fate of Liverpool FC.

This is from Robert Peston the BBc's business Correspondent at 11.24 am today

Why were NESV preferred over Lim's bid evn though he has more hard cash- well that's the same reason HIcks and Gillette were preferred over DIC- well they didn't want Arabs iin charge and now they don't want the Chinese {ed's note - are you for real? There are a number of reasons that Lim was rejected, including him being a Manchester United fan, but none involved his nationality.}

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12 Oct 2010 11:41:37
11.38am: Hicks and Gillett representative admits to breach of contract but feels there is no urge for board to be reconstituted before Friday.

RBS dismisses this as 'absurd' given the company needs to repay £200m to the bank by Friday.- Guardian website

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12 Oct 2010 11:37:17
11 Oct 2010 23:43:57
Left back reto zeigler from sampdoria on liverpool radar.
- - - - - - - - - -
SORRY BUT HE IS VERY AVERAGE.

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12 Oct 2010 11:36:33
According to the guardian, the case has started since 11.25 am. . site is much better than bbc- Lee

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12 Oct 2010 11:32:44
Case begins in packed Court 16- Philip Snowdon QC for RBS -H&G in "breach of contract" guilty of "breath-taking arrogance"

BRIXTONRED

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12 Oct 2010 11:30:11
Ed can you clear this up, i thought the club had been sold to nesv so why can there be other bids if its already been sold?

{Editor's Note: The board have agreed to sell the club to NESV but Hicks and Gillett have not. There is also an injunction stopping H&G reconstituting the board and they are looking to extend that injunction to at least Friday - the purpose ofd today's case. Once the loans are not repaid on Friday - the sale should be able to proceed.}

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12 Oct 2010 11:18:38
Just wondering ed. has there been any clarification as to why broughton chose nesv over peter lim? {ed's note - nothing official mate.}

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12 Oct 2010 11:18:32
Expect another two new bidders in the next 24hrs

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12 Oct 2010 11:08:22
Wrong so wrong the application is for court 16 high court 2-4pm today i'm crapping my self anyone else

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12 Oct 2010 11:04:39
Yes BUT it has been said today that LFC have also put in an application as well to poceed with the sale.

Blair Mayne YNWA

{Editor's Note: And that second Application will allow the sale to proceed - I assume as of Monday next week - if Hicks & Gillett cannot pay off the loans as due this week.}
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We should know more between 1-2 pm. I sitting here praying but i'm more optimistic than pessimistic. The reason being that most financial experts on various news channels are predicting an LFC victory.

Surely they all can't be wrong? Fingers crossed!

Blair Mayne YNWA

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12 Oct 2010 10:57:06
Dan Roans Twitter on BBC is a good call. Just read it then the same info was announced 5 mins later on Sky Sports.

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12 Oct 2010 10:48:14
I had a friend tell me a couple of days before the takeover was announced that two parties were involved in negotiations. He didn't know the identity of those involved but said that one party in particular was keen to bring in their own manager. Read into that what you want. Could be another reason why the Singapore bid was rejected (apart from the Utd Bars).

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12 Oct 2010 10:42:43
Ed can you tell what this last minute bid from peter lim cud do to the potential take over from nesv
i havent been on the forum since yesterday and there are hundreds of posts to look through. {ed's note - no one will know what effect it will have until after the court case mate. It could be that H&G will use this bid to say that the rest of the board have not taken the best offer and not acted in the shareholder's best interests. Though, as Lim has said about buying the club out of admin if necessary, that may not be what he is about at all.}

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12 Oct 2010 10:26:45
FYI if you go to the BBC they have a link to Dan Roan's twitter who seems to be giving a few updates.

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12 Oct 2010 10:20:40
Will the court case be on television? Ssn or sky news?

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12 Oct 2010 09:50:45
* * LIVERPOOL TAKEOVER UPDATE * *

Court will reach a decision by end of the week and Hicks and Gillette will be ousted!

Whispers are that although Broughton has favoured The Americans for a takeover, 2 other potential suitors are waiting for the outcome of the hearing.

This will suit RBS and also Broughton as it increases the value of the club and he is paid a % of the sale! !


Also suits the fans as the more interested parties will mean they have to outline a more promising future for the club. Squad improvements and stadium progress. .

BEFORE YOU RULE IT OUT MY FRIENDS-
DONT FORGET THAT DIC WERE IN CONTROL UNTIL LAST MIN YANKS STEPPED IN LAST TIME AROUND!


STEVEN THE CHOR HEER YNWA * * * * *

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12 Oct 2010 09:44:54
Ed, what time is the court case on today and do you think liverpool will be saved, do you think we will reach the heights of the 09 season again from kieran {ed's note - 10:30am is kick off time for the court case. One day we will, though I would hardly call winning nothing heights, not for Liverpool.}

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12 Oct 2010 09:43:27
Lol! Where do people get these stories from ffs! Peter lim is the "the runner up from the far east" and broughton said in his interview that "both were credible bids" do you know that to be deemed a credible bid lim would have had to prove he had the backing to take over the club. Also purslow and broughton would have done a thorough check up on him before they made their decision. If he did have the finances to take over Liverpool he must have 300mill plus in wealth atleast and by the reports today he is a billionaire. My question is why would such a big player in business be playing bluff for America's worst businessman ?

Answer to your question mate, He would defo do that for Hicks as then he would probably have an agreement in place with Hicks saying if Hicks wins the court case he would sell the club to him, cause as it stands he has no chance of getting the club, but throw a spanner in the works and Hicks wins then wow he is back in the running, and he even stated he doesn't care if we get a 9 point deduction.

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12 Oct 2010 08:44:50
Tom Hicks will refinance with new partner in place this week

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11 Oct 2010 23:43:57
Left back reto zeigler from sampdoria on liverpool radar

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