In the Royal Courts of Justice this morning, judgement was give in favour of LFC and RBS, leaving the way clear for a buyout by Lim or Henry for c£300m; this will cost the US investors (Hicks and Gillett) about £150m - but they will probably appeal.

Courtney wrote:
they will probably appeal

Leave to appeal was not granted.

A sale is the only thing that will allow LFC to survive - and this is less than certain. A few have fallen out of bed already.

Courtney wrote:
In the Royal Courts of Justice this morning, judgement was give in favour of LFC and RBS, leaving the way clear for a buyout by Lim or Henry for c£300m; this will cost the US investors (Hicks and Gillett) about £150m - but they will probably appeal.



Even though they were denied right of appeal. Keep hoping though.

Prunella Minge wrote:
Keep hoping though

LFC are irrevocably damaged.

Tradition/history means nothing much, these days.

Henry - in Anfield tonight - will seek a lower/fire-sale price and mystery 'bidders' will come out of the woods; his mates!

Its all akin to buying a house with subsidence - and even K Daglish can't fix that.

Broughton is just there for his £500k fee; not bad for 6 months work - with legal indemnities for anything he has said or done....

Brian wrote:
LFC are irrevocably damaged.Its all akin to buying a house with subsidence - and even K Daglish can't fix that.

The Texas ruling makes this affair all the more laughable - as was the initial decision to allow foreign company ownership, subject to a foreign jurisdiction.

Why did the LFC/RBS lawyers not anticipate this move?

Hicks and Gillett will not go quitely - and the club will go down in history as a role model (in how not to run/organise a football club).

Relegation is probable - as is a player exodus in January.

Absolute nonsense, but I can see some on here are desperate for the schadenfreude season to arrive. From what I hear at the club this deal will go through in spite of Hicks' delaying tactics, so I'm not worried. I imagine these threads are boring most on this board to tears, so I'll not be reading or adding to them in future. The deal will go through.

Prunella Minge wrote:
The deal will go through.

I hope so.

But, having spent two years working in the Dallas/Fort Worth area, I can tell you that courts in Texas are notoriously slow when dealing with cases that don't concern oil.

This matter could well stretch beyond January - with Thanksgiving and Christmas on the horizon.

Will RBS have patience?

Thank you,
Tim

Pearl wrote:
Why did the LFC/RBS lawyers not anticipate this move?

Well, they certainly should have.

Taking this case to the English courts alone - whilst being aware that another jurisdiction could also give a legally binding judgement - was not only foolhardy, but negligent on the part of the lawyers.

Its like putting on your central heating and leaving all the windows open. Useless.

Hicks is a canny and highly experienced businessman from Dallas; this game will now be played on his ground.

I see that there is also a Cayman Islands aspect to LFC's ownership; I wonder if the LFC/RBS lawyers have bothered to consider the relevance of that!

As someone said on here 'leverged buyouts of football clubs should be banned' - I agree. But so should complex/foreign ownership vehicles.

Brian wrote:
LFC are irrevocably damaged

Of that, there is little doubt.

- expensive players who consistently underperform
- dire management (not so much Hodgson)
- outdated ground, needing urgent replacement
- highly geared
- a bank calling most of the shots
- threats of foreclosure and administration
- inept lawyers
- embroiled in international legal action
- jurisdiction dispute
- third from bottom of league
- relegation worries
- unhappy players (see press)
- negotiating with foreign buyers, again!

Its hard to imagine anything worse.

Someone likes that emoticon...

Bad luck all of you, the verdict is in. Move along now.

Yes Pru; I find it rather odd when one of those posts arrives without one!

Courtney wrote:
they will probably appeal

They did, but via Texas.

Watch Dallas in the morning.

JK2006 wrote:
Yes Pru; I find it rather odd when one of those posts arrives without one!

Easy to check IP's....

But, the fact is - Livrpool Football Club is a disgrace to UK football. It fell so far from a height.



:angry :

To quote Ronnie Reagan: 'There you go again!'

Well; Pru pru-ved correct; let us hope this is the end of the bad times for Liverpool and the start of a spectacular rise back up the Premiership; baseball owner - good sign; Red Sox not so good (big rivals to both New York teams - Mets and Yanks).

CIA paid Liverpool buyout tycoon millions...to use his jet for 'torture' flights


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