Tom Hicks Exclusive Sky Sports

[rickmcfc]

Anyone else watching this? Very interesting and gives a whole new light into the situation. I doubt that this will be the last that we hear of this. He has just said thet they had the funds to pay off the debt but were not allowed to pay it off. Does sound like a conspiricy to me!

Interview in full here

<a class="postlink" href="http://www.skysports.com/story/0,19528,11669_6446807,00.html" onclick="window.open(this.href);return false;">http://www.skysports.com/story/0,19528, ... 07,00.html</a>

 

[neil jung]

Anyone else watching this? Very interesting and gives a whole new light into the situation. I doubt that this will be the last that we hear of this. He has just said thet they had the funds to pay off the debt but were not allowed to pay it off. Does sound like a conspiricy to me!

Interview in full here

<a class="postlink" href="http://www.skysports.com/story/0,19528,11669_6446807,00.html" onclick="window.open(this.href);return false;">http://www.skysports.com/story/0,19528, ... 07,00.html</a>

It's probably a mistake to believe a word that guy says unless his version of events is backed up by someone with slightly more credibility than him.

 

[spacecadet]

yeah Hicks has done a great job at Liverpool- but he lies like the rest of us breathe

 

[Franny Lee's Barrel Chest]

Were him and Gillette the major shareholders? If so, how was the club sold without their consent? I don't understand this. If they didn't hole 51% of the shares between them I can't see how the club was sold.

 

[Royaloak]

This is not over. RBS held the debt and forced H&G to seek a buyer. The new MD was appointed and the search began. It seems that the bank have forced H&G to accept a figure which is not the highest bid, thus causing financial losses to H&G, but covering the RBS debt.

They'll fight back, it will be messy, but the Yanks don't like being pushed around or outmanouvered.

 

[Prestwich_Blue]

It really doesn't matter whther Hicks had the money or not. The board of LFC seemingly did a legally binding deal with NESV.

Hicks can bluster all he wants but both LFC and RBS were bound to the sale agreement. It's akin to exchanging contracts on a house then someone coming along with a "better" offer and suing you because you wouldn't accept it.

 

[marco]

Were him and Gillette the major shareholders? If so, how was the club sold without their consent? I don't understand this. If they didn't hole 51% of the shares between them I can't see how the club was sold.

H&G gave the board full controll,in other words trusted people who cant be trusted,this is far from over and i hope hicks takes them to the cleaners which he probably will do,that livepool chairman is a worm and i hope he's the first to fall

 

[Franny Lee's Barrel Chest]

So, in very basic terms, are we saying that owing to the debt that the dippers were in, in effect Gillette and Hicks' Liverpool house was repossessed?

 

[mindmyp's_n_q's]

So, in very basic terms, are we saying that owing to the debt that the dippers were in, in effect Gillette and Hicks' Liverpool house was repossessed?

Yep but after the homeowner had said he had got a new mortgage and could pay off the old one.

 

[jmdmc]

The PL also would not allow Mll Financial take over under 'fit and proper' rule.

Can't see a transfer kitty £20 - 40M buying enough to clear out the dross they have either.

If we buy Torres I will scream ... handing them cash and he is a whinger.