fbloke said:
That may be fine from the perspectives of Mill and RBS, but aren't the board under a fiduciary duty to get the best price, and another party cannot bid fairlty without knowing what MIll's pitch is, surely?
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Texas court halts sale of Dippers
- Thread starter bluwes
- Start date
That may be fine from the perspectives of Mill and RBS, but aren't the board under a fiduciary duty to get the best price, and another party cannot bid fairlty without knowing what MIll's pitch is, surely?
Ajay
Well-Known Member
coleridge said:What if DIC poke their head round the door and throw £500m on the table?
Can't see them doing it for that much but you never know - 400m may get tabled just to cause further problems.
bluemonkey71 said:fbloke said:Mill already own the H and G shares though so would be in a very strong position to force a deal through, indeed they are very likely to be unstoppable IMO.
Morning fbloke.....I'm out all night and its going mental again!
What's the latest in laymans terms? Has CambridgeBlue been on again?
Are Mill Financial basically taking over then?
Cheers fella
Last night TRO was placed in Texas.
Since then the NESV dude came out and said he is willing to wait and that he hand a binding agreement.
Very shortly after the rumours of another deal landed on the radio and it turns out that Mill Fin have now bought both H and G's shares and they apparently are working WITH Hicks whilst looking to buy the remaining notes from RBS.
It seems that a new board will be constituted sometime today and it may well include Hicks but not Broughton!
NESV are likely to be gone and Mill will own the club. What they do the is the big Q'?
Cambridgeblue
Well-Known Member
- Joined
- 4 May 2008
- Messages
- 2,522
tolmie's hairdoo said:fbloke said:I have just had a chat with a mate who knows more about Mill than I do.
He seems to think that Mill are in there to protect the investment in H and G that already exists.
Roughly £100m in H and G debts would have gone if the NESV deal had gone through so they are looking at buying in the debt then looking for ways of recouping.
Asset stripping anyone?
And on another note the Prem' League have asked for ANY new owner to fully prove that the club can fulfil its obligations this season. How low can you go ;-)
It will soon emerge...and Liverpool fans are about to blow their stack...
Mill took Gillett's £50m marker last month. Hicks brought them on board when he saw his former partner was skint.
Mill are ready to refinance the entire RBS obligation.
The dilemma is for RBS...as long as Hicks comes up with £300m before tomorrow, there is nothing they can do.
End Game.
Agreed... if Mill own both shareholdings and clear the debt they will have control of LFC and RBS, Broughton and co won't be able to do anything about it.
Smart move from Hicks if true.
marco
Well-Known Member
great move from hicks if true
What would Mill do? As investors, they should sell it on as quickly and painlessly as possible for as much profit as they can. They may just then be waiting for someone to pick up the phone in Dubai.
And no, Ajay, I am not inviting you to respond.
And no, Ajay, I am not inviting you to respond.
Struggling to keep up with this. Thanks for the information.Cambridgeblue said:tolmie's hairdoo said:It will soon emerge...and Liverpool fans are about to blow their stack...
Mill took Gillett's £50m marker last month. Hicks brought them on board when he saw his former partner was skint.
Mill are ready to refinance the entire RBS obligation.
The dilemma is for RBS...as long as Hicks comes up with £300m before tomorrow, there is nothing they can do.
End Game.
Agreed... if Mill own both shareholdings and clear the debt they will have control of LFC and RBS, Broughton and co won't be able to do anything about it.
Smart move from Hicks if true.
BertTrautmann'sParachute
Well-Known Member
May I just add a hearty ha-f******-ha!
southern muppet
Well-Known Member
coleridge said:What would Mill do? As investors, they should sell it on as quickly and painlessly as possible for as much profit as they can. They may just then be waiting for someone to pick up the phone in Dubai.
And no, Ajay, I am not inviting you to respond.
So they wouldn't be looking to sell Gerrard, Torres, Reina and recoup their investment that way instead?