KopTalk

Previous Thread
Next Thread
Print Thread
Rate Thread
Page 7 of 19 1 2 … 5 6 7 8 9 … 18 19
Deco #82195 14/10/10 03:27 PM
Joined: Apr 2010
Posts: 328
D
Under 16 Player
Under 16 Player
D Offline
Joined: Apr 2010
Posts: 328
11.24am: "#LFC and #RBS in High Court to injunct against Hicks's restraining order. They claim a Texas court has no jurisdiction over UK company law," tweets Bloomberg's @tariqpanja

just a wee update lol

Deco #82196 14/10/10 03:31 PM
Joined: Sep 2009
Posts: 2,215
Under 23 Player
Under 23 Player
Joined: Sep 2009
Posts: 2,215
Originally Posted By: deeksy_23
em this was on the guardians blog about mill

Fascinating short blogpost from the BBC's Robert Peston, which argues that Mill Financial might actually be in the box seat:

Royal Bank of Scotland tells me that if it's true that Mill has taken the Hicks/Gillett shares and if Mill repays the £200m long-term debt owed by Liverpool FC (plus penalty fees) to RBS and Wachovia, then Mill is in the driving seat. Once the debt is repaid, RBS's power ends.


Time to get all of Mill financial's top execs emails out. We'll tell them personally to F off.

L
lelle
Unregistered
lelle
Unregistered
L
The Hicks and Gillet circus continues. Can someone please kick these [oops] asses.

Deco #82199 14/10/10 03:44 PM
Joined: Jun 2010
Posts: 1,391
L
Under 23 Player
Under 23 Player
L Offline
Joined: Jun 2010
Posts: 1,391
Rbs are loaned money by hicks and gillet. So if mill finance are taking control of there shares surely this is a takeover in itself therefore the board can block it

#82200 14/10/10 03:44 PM
Joined: Dec 2008
Posts: 61
A
Under 16 Player
Under 16 Player
A Offline
Joined: Dec 2008
Posts: 61
doesn't any sale need approval from the board, surely Hicks doesn't have that so is this rumoured sale legal?

Joined: Jun 2010
Posts: 1,391
L
Under 23 Player
Under 23 Player
L Offline
Joined: Jun 2010
Posts: 1,391
And what is hicks gaining from it. Theyl be taking his shares

Joined: Dec 2008
Posts: 61
A
Under 16 Player
Under 16 Player
A Offline
Joined: Dec 2008
Posts: 61
I guess there's part of the deal which sees him getting a better return on his investment

aotea #82203 14/10/10 03:51 PM
Joined: Sep 2009
Posts: 15,010
1st Team Regular
1st Team Regular
Joined: Sep 2009
Posts: 15,010
It is being claimed the American based Hedge Fund has acquired all of Tom Hicks' shares to go along with those of George Gillett, which it already owned.

It is further claimed that if they repay all outstanding loans to RBS before the set deadline, they will by default become the new owners of LFC, nudging out New England Sports Ventures.

However the Echo understands the move would not signal Hicks and Gillett returning to ascendancy in the battle for the Reds.

Instead it is believed Mill Financial, in turn owned by Springfield Financial who have links with the Washington Redskins American Football team, may be acting on behalf of another, as yet unnamed and unknown group who have put themselves in a position to move in at the 11th hour and take over the club.


Luis Garcia, He drinks sangria
He came from Barca, to bring us Joy
He's five foot seven, he's football heaven
please don't take my Luis away.

"...AND 32 MILLION POUNDS WORTH OF GOALKEEPER CAN'T DO A THING ABOUT IT"
Flames #82204 14/10/10 03:57 PM
Joined: May 2010
Posts: 103
K
Under 16 Player
Under 16 Player
K Offline
Joined: May 2010
Posts: 103
Surely the board would have to approve it?

Joined: Jun 2009
Posts: 22,394
Liverpool Legend
Liverpool Legend
Joined: Jun 2009
Posts: 22,394
The board would have to approve and also the EPL. What a [oops] farce!

Page 7 of 19 1 2 … 5 6 7 8 9 … 18 19

Moderated by  KopTalk Team 

Link Copied to Clipboard
ShoutChat
Comment Guidelines: Do post respectful and insightful comments. Don't flame, hate, spam.
Advertisements
Liverpool FC Discussion