Hicks and Gillette lose their case, but..............

[jimbo]

They've been sold. Hopefully that's the stimulus to make them all shut up and stop bleating for a couple of weeks now.

as if!!

Wonder what they'll turn their whining focus on next?

[thebish]

They've been sold. Hopefully that's the stimulus to make them all shut up and stop bleating for a couple of weeks now.

as if!!

Wonder what they'll turn their whining focus on next?

the new owner?? I give it a week before they realise he is a businessman too!

[Montreal Wanderer]

They've been sold. Hopefully that's the stimulus to make them all shut up and stop bleating for a couple of weeks now.

as if!!

Wonder what they'll turn their whining focus on next?

the new owner?? I give it a week before they realise he is a businessman too!

It won't be long before the good folk of Liverpool and Manchester will start to use the term soccer.

[seanworth]

They've been sold. Hopefully that's the stimulus to make them all shut up and stop bleating for a couple of weeks now.

as if!!

Wonder what they'll turn their whining focus on next?

the new owner?? I give it a week before they realise he is a businessman too!

It won't be long before the good folk of Liverpool and Manchester will start to use the term soccer.

The whining will start very shortly. At least they shouldn't be any black arm bands on the pools arms this week.

[William the White]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

[Montreal Wanderer]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

Certainly owns all of Gillett's.

[Prufrock]

H&G will sue, and lose. High court, self evidently rules here. Hopefully it will be bitter and disputed and they'll get relegated. All for the good of the game of course. GO DOWN.

[CAPSLOCK]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

Certainly owns all of Gillett's.

So what have the new lot bought?

[jimbo]

If Liverpool let this drop then surely the rest of the football world need to stand up and show unity behind Mr Gillet for being swindled out of his football club? We must not let this lie quiet!

[seanworth]

Something sure stinks. Might be interesting when all the dust settles. Don't even understand the hedge fund.

[William the White]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

Certainly owns all of Gillett's.

So what have the new lot bought?

Yep - it's weird to me! They bought 'the club' but not its shares???

[Montreal Wanderer]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

Certainly owns all of Gillett's.

So what have the new lot bought?

Presumably a controlling interest in the club - H&G still had their shares (less than 50% together), though G sold his to the hedge.

[thebish]

I suspect it isn't the end of episode 1 - unless something new has happened that I've missed... In the litigation world that is american jurisprudence, and two American nationals in dispute, potentially, I think H & G may not yet have finished... Not to mention the hedge fund that seemingly now owns nearly all the shares...

Certainly owns all of Gillett's.

So what have the new lot bought?

Presumably a controlling interest in the club - H&G still had their shares (less than 50% together), though G sold his to the hedge.

...has he branched out from being in U2 then?

[Harry Genshaw]

I've read all the financial details a couple fo times and I'm still no nearer understanding it.

Saw the interview with Hicks on SSN yesterday and had to agree with his assessment of Benitez. They gave him loads of cash and he blew it taking them from 2nd to mid table in a season. That strikes me as accurate so I cant understand the support Benitez still gets from the fans.

[Gravedigger]

I'm still staggered to find someone can sell anything, despite what the owner says. Are we then to believe that H & G were not the actual owners? And if not, who were? With the RBS link I think it could be said that the British taxpayer owns Liverpool.

[bobo the clown]

I'm still staggered to find someone can sell anything, despite what the owner says. Are we then to believe that H & G were not the actual owners? And if not, who were? With the RBS link I think it could be said that the British taxpayer owns Liverpool.

My view too. Whatever the rights or wrongs how it can be that the OWNERS can't dictate the make up of the Board and the Board can sell the club without permission of the OWNERS is beyond me.

Also, the prime requirement of a Board is to manage the business in the interests of the OWNERS.

There was a, potentially, better offer available and the Board still leant toward NESV. It would be most improper to suggest there were reasons for them to make this decision ... so I won't.

I did hear that, as part of the RBS loan last year, a term was that they had those 3 on the Board and that simple Board majority would suffice in making decisions. Therefore, to quote Hicks, it could be argued that it was an "Epic Swindle" from that day. RBS's hands, as well as the directors, will need to be bloody clean as H&G's lawyers start crawling over this.

This is certainly NOT all over, by some way.

[bw@bw]

I'm still staggered to find someone can sell anything, despite what the owner says. Are we then to believe that H & G were not the actual owners? And if not, who were? With the RBS link I think it could be said that the British taxpayer owns Liverpool.

My view too. Whatever the rights or wrongs how it can be that the OWNERS can't dictate the make up of the Board and the Board can sell the club without permission of the OWNERS is beyond me.

Also, the prime requirement of a Board is to manage the business in the interests of the OWNERS.

There was a, potentially, better offer available and the Board still leant toward NESV. It would be most improper to suggest there were reasons for them to make this decision ... so I won't.

I did hear that, as part of the RBS loan last year, a term was that they had those 3 on the Board and that simple Board majority would suffice in making decisions. Therefore, to quote Hicks, it could be argued that it was an "Epic Swindle" from that day. RBS's hands, as well as the directors, will need to be bloody clean as H&G's lawyers start crawling over this.

This is certainly NOT all over, by some way.

In essence it's like the Bank repossessing a house because the mortgage has not been paid.
Once they repossess it, they can sell it.
They are usually bound to take the best offer, not necessarily the Highest offer

[bobo the clown]

In essence it's like the Bank repossessing a house because the mortgage has not been paid.
Once they repossess it, they can sell it.
They are usually bound to take the best offer, not necessarily the Highest offer

Fair enough, though I'm not sure that the bank can actively seek other buyers, at cut price, before you've actually defaulted.

Like it or not G&H had NOT defaulted at that point.

Also, despite the supposed deadline, it was clear that RBS would not have pulled the plug last week ... they knew that doing that would have reduced the sales valuation and thus their potential return.

Anyway, time will tell.