Don't believe any of it because CTR said everything would be alright!!!
Seriously........there is no fundamental change since I last posted on this matter. As I said then, long before Gillett's public statement, he would not sell one share to Hicks.
I also said that DIC would insist on control but there were a number of way of arranging that
I also said that talk of Rafa's involvement in the politics (another CTR insight) of it all is hogwash - and it is.
The three parties - DIC, TH, GG - are withdrawing to the stance that they think will best help them in negotiations and any related court proceeidngs.
Gillett is working informally with DIC to help it acquire his and Hick's shares directly or through third-parties.
Hick's is playing the role of spoiler. It is a negotiating tactic. But it is dangerous one because it is also motivated by revenge and the attempt to save face. He might miscalculate. He might, for example, refuse to allow funding for new players. On the other hand he knows that he has to be careful not to alienate the club to the point of no return.
DIC has no option but to wait for him to stop screaming and shouting and face up to the reality that he has no future at LFC. In the meantime Hicks is hoping that his threats and stalling tactics will force DIC to offer him more than they are now willing to pay.
One face saving way out of this is for Hicks to sell to a third party - possibly one of his investment funds - and for DIC to buy that fund out.
Another is for GG to sell to DIC and for DIC to pile the pressure on Hicks. That was what they intended to do before. But Hicks indicated he would legally object to such a sale. DIC and GG believe they could overcome any legal challenge. But it is messy. And they do not really want to be 50% owners with a wild man holding the other 50%. They believe that Hicks will have to sell anyway in the next twelve months.
To boil it down - if Hick and GG could come to agreement that Hicks will not mount a legal challeng to the sale of the GG shares to DIC, and if Hicks will agree to a shareholders agreement with DIC which gives them virutal control, then they would proceed. Otherwise they will wait until Hicks needs to sell.
