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"NESV and LFC have a waterproof contract. This delay can only make LFC go in admin," says @milivojm

Deco #82408 15/10/10 02:59 PM
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Would RBS not extend the deadline a bit now the sale is in place? Surely its not in their interest with the sale so close to being done to put us into admin?

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10.59am: "I'm told deal between Hicks and Mill is done -it's whether the transaction's technical paperwork and legal details can be processed in time," tweets BBC's Dan Roan, adding: "if Hicks does complete sale to Mill it's then whether RBS have to accept the debt repayment from them or try to stick with nesv"

Deco #82411 15/10/10 03:03 PM
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thundyr
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Originally Posted By: deeksy_23
isnt tonight a bit late tho??


That bothers me too, but I suspect that taking legal advice first sounds like the right approach at this time. These are shark-infested waters, and we need to tread carefully. Hicks has another trick up his sleeve, guaranteed, the board needs to impose a High Court injunction upon Hicks to stop any more shenanigans. Make the f ucker go to England to lift that - LFC supporters will be waiting for him.

Regardless, I would certainly have phoned Henry already were I Broughton.

#82413 15/10/10 03:04 PM
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But how can Hicks sell without approval from the board????

Deco #82414 15/10/10 03:06 PM
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Could someone please clairfy what the f uck is going on?

So we now know that Hicks got the TRO to cosy up to Mill so he could sell to them. His now had it lifted so he can sell to them.

Meanwhile NESV have a signed contract and say they are the owners. RBS have still received no money from anyone and are due it today or we go into administration.

So what the f uck does all this mean???? If Hicks stumps up does he win or do NESV trump him. What about RBS are they obliged to listen to Hicks or what???

Someone please clarify my poor brain cant handle it!!


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Originally Posted By: wilkij1975
But how can Hicks sell without approval from the board????

I don't know if he can. And even if he can, there's already a contract in place between LFC and NESV. Either Hicks or Mill Financial would be in breach of that contract if they don't complete the sale to NESV.

Thing is, without seeing the exact wording of all these contracts, we're pretty much in the dark. E.g. can Hicks/Mill exit the agreement with NESV, even after its been agreed, by paying off RBS? Don't know.

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He's not selling the club - he's selling his shares in Kop Holdings. Much like the Rangers where he sold everything separately. I think he expects to bypass both the board and the FA by doing this, but I'm sure that a UK restraining order, issued with the backup of the High Court verdict against Hicks should stop him cold.

#82418 15/10/10 03:14 PM
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Its all getting too much now. I think i'm going to sleep all weekend and hope its all sorted by Monday!!

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i agree that it is getting too much and this situation is taking the total pi$$ out the club, but still cant help hitting the refresh button on the guardian live blog haha

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