Texas court halts sale of Dippers

[southern muppet]

So, let's get this straight, there's a good chance now that the outcome will be that Hicks is still the owner of Liverpool for the forseeable future, not NESV, not anyone new at all? Because that would severely demoralise the team and everyone at the club surely! :-D

if you ask me, that actually gives them a higher chance of implosion than a 9 point penalty would.

 

[Prestwich_Blue]

That would appear to be the case as the TRO effectively prohibited Hicks from selling his shares to Mill (as they were a related entity through their control of Gillett's shares).

Liverpool could still effectively be under the control of Hicks & Gillett tonight and for the foreseeable future, having paid off the debt to RBS. That would be piss funny.

Like you say mate, they either lifted it due to not being able to sell shares to mill or due to them being slammed in clink if ever they return to the uk.

The RBS was advised on legal grounds to reject the repayment from mill you would hazard a guess that was due to the TRO. So if Hicks sells to Mill what other grounds would RBS have to reject mill now?

None that I could see. In fact it would probably insulate them from any future legal action that could arise from a sale to NESV. Their hands would be clean.

 

[tolmie's hairdoo]

So, let's get this straight, there's a good chance now that the outcome will be that Hicks is still the owner of Liverpool for the forseeable future, not NESV, not anyone new at all? Because that would severely demoralise the team and everyone at the club surely! :-D

if you ask me, that actually gives them a higher chance of implosion than a 9 point penalty would.

I have to agree. Nine points have never been on the agenda.

A simple battle for hearts and minds. The psychological blow of a Mill success, would be seen as a win for Hicks, no matter how you dress it.

The asset strip (their margin) and open warfare would happen immediately?

 

[The Fixer]

So, let's get this straight, there's a good chance now that the outcome will be that Hicks is still the owner of Liverpool for the forseeable future, not NESV, not anyone new at all? Because that would severely demoralise the team and everyone at the club surely! :-D

if you ask me, that actually gives them a higher chance of implosion than a 9 point penalty would.

According to the mirror, NESV have a legal binding agreement which means they are the preferred bidder, this legal bind stops Hicks from selling to Mill finance and leaves a clear run for NESV.

 

[tolmie's hairdoo]

So, let's get this straight, there's a good chance now that the outcome will be that Hicks is still the owner of Liverpool for the forseeable future, not NESV, not anyone new at all? Because that would severely demoralise the team and everyone at the club surely! :-D

if you ask me, that actually gives them a higher chance of implosion than a 9 point penalty would.

According to the mirror, NESV have a legal binding agreement which means they are the preferred bidder, this legal bind stops Hicks from selling to Mill finance and leaves a clear run for NESV.

I'd have to ask then why wasn't the sale concluded last week?

They have an agreement with some members of the Liverpool board, not the owners.

 

[bluemonkey71]

Christs sake. I'm confused again just when I thought I knew what was happening :O)

 

[M18CTID]

According to the mirror, NESV have a legal binding agreement which means they are the preferred bidder, this legal bind stops Hicks from selling to Mill finance and leaves a clear run for NESV.

I'd have to ask then why wasn't the sale concluded last week?

They have an agreement with some members of the Liverpool board, not the owners.

I must admit that I'm pretty lost with all this, but that seems to be a fair point - if the Mirror article is true regarding how watertight the sale is, then it begs the question of why the need for all the shenanigans this week.

 

[The Fixer]

According to the mirror, NESV have a legal binding agreement which means they are the preferred bidder, this legal bind stops Hicks from selling to Mill finance and leaves a clear run for NESV.

I'd have to ask then why wasn't the sale concluded last week?

They have an agreement with some members of the Liverpool board, not the owners.

Fcuk knows mate, but thats what some guy from the mirror is saying.

 

[crystal_mais]

It's like Brookside & dallas rolled in one!!

 

[Prestwich_Blue]

Appears that the deal between Hicks & Mill Financial is agreed, subject to paperwork. However it's not clear whather that has to have board approval.

It then becomes a question of whether the board has a binding agreement with NESV. I can't see Mill splashing out all this money if it didn't think it could succeed in gaining control.