fbloke said:Just come back from a nice walk in the country with the dog and to be honest I feel a bit sorry for H and G, after all they own the club and yet have been seemingly outmanoeuvred by a right fecking devious bastards in Broughton.
What does strike me now though is that there is a slim possibility that in announcing the deal and the values now Broughton may open himself up to a legal challenge if H and G can show that they had a better deal in place (or even refinancing in the pipeline) at a higher value.
In an open auction which Liverpool were no doubt part of why would they announce these things PRIOR to the owners consent? And why have they gone public in the way they have until they could force the issue once RBS called in the loans?
Surely there is a case of the board not putting the owners/shareholders first as they should?
projectriver said:fbloke said:Just come back from a nice walk in the country with the dog and to be honest I feel a bit sorry for H and G, after all they own the club and yet have been seemingly outmanoeuvred by a right fecking devious bastards in Broughton.
What does strike me now though is that there is a slim possibility that in announcing the deal and the values now Broughton may open himself up to a legal challenge if H and G can show that they had a better deal in place (or even refinancing in the pipeline) at a higher value.
In an open auction which Liverpool were no doubt part of why would they announce these things PRIOR to the owners consent? And why have they gone public in the way they have until they could force the issue once RBS called in the loans?
Surely there is a case of the board not putting the owners/shareholders first as they should?
Broughton has said this morning that there is/was a written undertaking that H&G would not reject a reasonable offer. As Broughton has delivered what he (and I FWIW) beleives is that offer, he is challenging H&G to breach the undertaking. The written undertaking effectively consented to Broughton to focus purely on delivering a reasonable (as opposed to a H&G satisfactory) offer. In the absence of a higher offer that is funded today, H&G will lose in court in my mind.
mancity dan said:Prestwich_Blue said:The shareholders. That's their over-riding duty of care.
PMSL at Big Nose saying they don't want to be like Chelsea or City. That certainly won't be a problem. They'll be wishing they were like Stoke & Blackpool soon
You mean he doesn't want Liverpool to be like the 1st & 2nd teams in the Premier League?
fbloke said:I agree to a point and thats what I was suggesting with the statement that they have been outmanoeuvred here.
However there is a chance that H an G could prove that the process and decisions made by Broughton were more about regaining the moneys owed to RBS than a fair price for the club.
I would not stop l laughing for a week if Hicks pulled a masterstroke and paid off the debt or brought out a new deal with a much higher value.