KopTalk.com Forums Football Liverpool FC Forum I've got a bad feeling

Dunno, I just think there's going to be an unpleasant twist to this sorry saga. Although the restraining order has been lifted I think Mill Financial could become a big player in this story

Well, its not going to go smoothly whatever happens. If Mill do get [oops] faces shares it could be the worst possible thing for us!

i hate to say but i agree i think hicks is doin it just to p1ss everyone involved in liverpool fc lets hope the board can push through this deal id of thought mr henry wouldent be touring melwood and going to all these late meetings if he wasnt convident of securing the sale of lfc. FINGERS CROSSED.

I don't think the restraining order has been lifted - i think what happened yesterday is that the the judge siad if they don't rescind the Texan order (H&G) in the USA there will be in contempt of court here - should they ever travel to the UK again they'd be in trouble - that's my understanding. This could go on for a long time and pivots on where the companies are registered and under whose jurisdiction. Do they have courts in the Caymen Islands?

They have lifted it. But is that just to pave the way for Mill to step in?

http://uk.eurosport.yahoo.com/15102010/58/premier-league-hicks-gillett-remove-restraining-order.html

but Mill cannot take control of the club unless approved by the board. Hence the reason the initial deal went to court. That is the process set out by the RBS. If the RBS accept payment from MILL the would make a massive enemy of every reds supporter in the world.

"Hicks selling his shares to Mill; his shares in what? Surely the sale to NESV is a sale of the shares in the football club by Kop Holdings. Only KH can sell those, and this is governed by the UK injunction. Hicks shares must be in one of the superior holding companies, which would just put Mill in the same position as Hicks, ie with no control over the sale process. Have I missed something?" asks Andrew Park, a Liverpool fan who also happens to be a lawyer.

Anyone else noticed that Off site have taken down the statement from earlier re: Lifting of restraint?

Eeeeeeeeeeeek!!!!!

John_W_Henry
We have a binding contract. Will fight Mill Hicks Gillett attempt to keep club today. Their last desperate attempt to entrench their regime.

http://twitter.com/john_w_henry

be interesting to see how all this pans out. the saga continues, its full on war! never thought it would be this f*cking crazy

Because the restraining order has not been lifted - Hicks must apply to the court for that, and they will convene at 1pm local time in the US.

I wonder several things:
1. Will the judge charge Hicks with deliberately misleading the court when apply for the injunction?
2. If he sells his shares to Mill, surely the fact that he arranged the sale while the injunction was in place is contempt of court?
3. Can he even sell his shares without the board's approval, as well as the FA's Fit Owner test of Mill Financial? If they must go through the test prior to the sale of shares, surely RBS can repossess Kop Holdings first?
4. If he does sell his shares, the binding agreement to sell the club to NESV still stands as long as RBS do not accept repayment of the loan from Mill, but does RBS even have a right to refuse the payment?

But most importantly, 5. Why hasn't the board applied for a restraining order against Hicks?