KopTalk.com Forums Football Liverpool FC Forum 15 Minutes 'til Showdown...

..and I'm shitting it. So sad that it's come to this.

'At the end of the storm
There's a golden sky...

just think positively everything crossed , hopefully by this time tomorrow statler and waldorf will be just a memory a bad one i admit but all the same a memory YNWA

this is only the RBS case ...

its not the liverpool ownership decision .. this case is just to decide if Tom Hicks can sack Purslow and Ayre.

Liverpool Ownership will be held thusday or friday.

pretty important decision though. If Hicks and Gillett win then bye bye sale of club for now

oh yea i agree

but everyones going mad (especially stupid fkin newspapers)

11.25am: BREAKING, from our reporter Sachin Nakrani: "Case started. RBS accuse Hicks and Gillett of trying to 'profit from the confusion their actions have caused'."

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.


11:48 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.

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.

11:55 Back in court: "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."

12:06 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.

12.34pm: Back to court: "Representative for Hicks and Gillett claims case against them paints 'misleading picture of the issues'. This case is not about, he says, the owners trying to maintain their ownership of the club. They accept reality that their ownership will shortly come to an end. It's also not about owners trying to put spanner in the works regarding a sale. The owners accept that some sort of sale will have to occur. They are not intent on stopping sale to NESV. The owners' issue is that the board did not properly enter into the NESV agreement in that the directors did not properly consider alternative offers and so it is they who are in breach of the terms of the sale agreement with RBS."

hahaha,they did consider lim's bid,stupid fckers are clutching.

12.40pm: H&G's represenatitives: "This is not about the owners trying to force Liverpool into administration or another form of insolvency. Claims RBS themselves could force sale through. This dispute then is about maintaining terms of the sale agreement: mainly that all alternative offers are properly considered by the board before an offer is accepted."

12.42pm: The secondary offer that H&G's representatives refer to is from Mill Financial. The offer includes repaying all debts and putting £100m towards the new stadium. Mill Financial took over some of Gillett's stake. 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. Mill Financial remain interested in buying Liverpool.