Topic: Post board meeting, Hicks injunction thread. (*)

[eddymunster]

sorry to sound stupid, but what can the high court actually do to the texas restraining order, can they just remove it and allow the sale?

I am no expert etc...

But I expect the Texan Judge will overturn it himself later tonight when he reviews the case and realises Hicks is talking out of his arse.

[Em5y]

I cant imagine the judge is going to be too impressed by the antics of Hicks.

[Greyfox]

Is Kop Holdings a UK Company?

yes   
06032200   KOP FOOTBALL (HOLDINGS) LIMITED
06032198   KOP FOOTBALL LIMITED

[Higgins79]

send skrts and agger over to speak to uncle tom...

[vanoord]

Alright here I go,

Because of the TRO Hicks CANNOT sell his Kop holdings to anyone. The TRO states that the injunction was filed by all the Kop companies (there's like 3-4 of them?). Fact here is Hicks may now be realising that the TRO could be his own undoing.

There is how ever a binding agreement between RBS and Hicks and Gillett, whereby Martin Broughton is solely incharge of deciding who is a fit and proper buyer for Liverpool FC (note NOTHING TO DO WITH THE KOP HOLDINGS COMPANIES) - also this is assuming of course Purslow and Ayre are on ourside.

Sorry, but no.

Hicks' shares are in Kop Investments LLC, a Delaware registered company.

It owns Kop Cayman, which in turn owns Kop Holdings in the UK.

The TRO purports to prevent Kop Holdings from selling LFC, which it owns via another holding company.

[Red Heart]

Robert Peston:-

"Royal Bank of Scotland tells me that if it's true that Mill has taken the Hicks/Gillett shares and if Mill repays the £200m long-term debt owed by Liverpool FC (plus penalty fees) to RBS and Wachovia, then Mill is in the driving seat.

Once the debt is repaid, RBS's power ends.

At that point, the deal with New England Sports Ventures collapses.

Liverpool would have a new owner, Mill. And Mill will do with Liverpool what it pleases.

Update 1156: RBS feels its hands would be tied if £200m were to turn up in its accounts from Mill Financial.

At that point, its ability to determine the fate of Liverpool FC would be over.

What I cannot ascertain is what Mill would then do with Liverpool."



Robert Peston is the BBC's Business Editor. Why don't you fire off a few emails to him and ask him why he's talking shite?

Why simply quote a mistake to support your posting of shite? Let me assure you that if Robert Peston was to post the load of of bollocks on here he'd get told the same thing you did - stop posting bullshit stories that are self evidently wrong. That you use them to support your own posts - even though his post has since been shown to be wrong - makes me wonder even more as to what your motivation is.

Seriously, harden the fuck up. If all the speculation gives you the sweats, don't get involved. The internet's a big place and there's plenty out there that doesn't include the shenanigans at Liverpool. For some of us the information given by usually reliable sources (and the discussion that it creates) is something we can live with. If you can't, just fuck off until the sale is complete and the new owners have been announced.

"Harden the fuck up" - after posting that load of old shite in support of your bullshit - perhaps it's YOU that should take that advice.

If you don't like being told to stop posting Bullshit - don't post Bullshit.

Simple equation - I wonder if you can grasp it?

[djphal]

If people want guardian updates go on the guardian website, what's the point in everyone copying and pasting the same fucking quotes all day??!!!

Agree with Paul don't believe everything you read on twatter just wait for 2pm

[Agger]

Any stream for SSN?

[BCCC]

Any stream for SSN?

They are way behind..

[jambutty]

Be lovely if Hizzoner took great exception to the 'epic swindle' allegation and fucked Hicks roundly in Court.

[stealthhaggis]

If people want guardian updates go on the guardian website, what's the point in everyone copying and pasting the same fucking quotes all day??!!!

Agree with Paul don't believe everything you read on twatter just wait for 2pm

Spoilsport! Still won't stop 'em though! 

[fredfrop]

I cant imagine the judge is going to be too impressed by the antics of Hicks.

Sadly I imagine he may be more than a little pissed about the comprehensive attack on his facebook page, but when all's said and done we won't ever be going up before him, we'll go to a superior court and with a bit of luck they'll tell him to not be so ridiculous (and forget about being elected to the State Supreme Court)

[StuH]

The night is darkest just before the dawn

[downhill]

Any stream for SSN?

Yeah, the fucking Mersey.......use Swanson as a bridge!!

[RedMarko]

Just to reiterate - PA are reporting that Hicks spokesperson in the UK stated he has not sold his half of the club to Mill and RBS confirm they have heard nothing from Mill recently.

Thanks.

[Fatbat1]

Yes, I think Kop Football is UK based but Kop Delaware (the holding company for it all, I think) is obviously based over there.

confused

as far as i'm aware the us courts have no juristiction over liverpool fc as they ply their trade and do al;l their business on uk soil not in the state regardless of where the people who own it live, they also can't over turn a verdict from an english court, the injuction is a rouse for something but what it is yet we can only guess at,  we can only assume Hicks got some con up his arm, but what that is who know with this con man

[SpionLikeALionInZion]

Hadn't seen this posted on here. Apologies if it has.

Kop Faithful have drawn up an email for everyone to send to Mill Financial. Everyone get on this!

atsiamis@springfieldfinancialco.com; rdevine@springfieldfinancialco.com

Dear Mill Financial,

Reports are reaching us in the UK this morning that you are about to take over the shares of George Gillett and Tom Hicks, thus owning Liverpool Football Club.

Just to ensure you are aware of our position, you are not welcome in any way, shape or form. You have shown us what sort of company you are by initially lending money to George Gillett, who is nothing more than an asset stripping parasite.

This is the sort of association you have, and the sort of association Liverpool fans have with you.

If you get involved with our club, we will take action against you at every turn. Hedge funds are not welcome in any walk of life; they most certainly are not in football. There has been an exhaustive, and now ongoing legal process, to determine who the best bidder for Liverpool Football Club is. And it is not Mill Financial.

We will target every one of your business interests, and specifically Liverpool Football Club, if your attempts to take control of the club are successful.

Mill Financial are not, and will never be fit and proper owners. Your association with George Gillett and now Tom Hicks means that by default.

Take your hedge funds back to Wall Street, where they belong, and get away from our football club.

KOP FAITHFUL

[No666]

But I don't think it's about the club's location/country.  It's about the owners and their companies, ie Kop Holdings, and I believe that it's based in Delaware, Texas, and also about the propsed buyers, who are of course also based in the States.

Delaware isn't in Texas, it's a separate state.

[Red Heart]

Does the Exclusivity agreement with NESV nullify the threat of Mill financial taking over?

There is no exclusivity agreement - that would be against the terms of the sale set by RBS.

[shanu]

10 mins to k/o, whats the tactic for today..... all out attack or park the bus?

[djphal]

Thanks Marko, after 40 posts saying the same thing I think it still needed reiterating

[red_til_i_die]

Hadn't seen this posted on here. Apologies if it has.

Kop Faithful have drawn up an email for everyone to send to Mill Financial. Everyone get on this!

atsiamis@springfieldfinancialco.com; rdevine@springfieldfinancialco.com

Dear Mill Financial,

Reports are reaching us in the UK this morning that you are about to take over the shares of George Gillett and Tom Hicks, thus owning Liverpool Football Club.

Just to ensure you are aware of our position, you are not welcome in any way, shape or form. You have shown us what sort of company you are by initially lending money to George Gillett, who is nothing more than an asset stripping parasite.

This is the sort of association you have, and the sort of association Liverpool fans have with you.

If you get involved with our club, we will take action against you at every turn. Hedge funds are not welcome in any walk of life; they most certainly are not in football. There has been an exhaustive, and now ongoing legal process, to determine who the best bidder for Liverpool Football Club is. And it is not Mill Financial.

We will target every one of your business interests, and specifically Liverpool Football Club, if your attempts to take control of the club are successful.

Mill Financial are not, and will never be fit and proper owners. Your association with George Gillett and now Tom Hicks means that by default.

Take your hedge funds back to Wall Street, where they belong, and get away from our football club.

KOP FAITHFUL

Doesn't it say earlier in the thread that Hick's has retained his shares and hasn't sold them?

[Jamie_G]

Ok due back in court in 10 minutes - is this the right thread to spend my afternoon refreshing and reading?

[thechulloran]

twitter, facebook groups, blogs & forums are full of wannabe legal/business/financial experts

[the jesus]

author=djphal link=topic=264610.msg7534595#msg7534595 date=1287060432

Agree with Paul don't believe everything you read on twatter just wait for 2pm

And then don't assume it is over either way.
We all crave that moment when we can pop the champagne and dust of the single malt, many thought it was yesterday, i have a feeling we are not going to get it. The realisation we are not owned by them and there will be no more ramifications maybe a slow drawn out affair.

[Anthony]

1) Presumably any losses of the defendants stemming from the TRO can be claimed against the bond? Therefore at the very least there should be an argument for increasing the bond (and if Hicks can't pay...)

2) In order to claim the sale has already taken place last night they will have to show they proceeded notwithstandig the injunction? I find this unlikely meaning the deal has not yet been concluded beyond reversal

3) As I stated earlier, is Hicks not in specific contempt of the High Court injunction by seeking removal of Purslow & Ayres in the Texas injunction?

[Redallover11]

i can't take much more of this

[SpionLikeALionInZion]

Doesn't it say earlier in the thread that Hick's has retained his shares and hasn't sold them?

It does indeed. But it was from a spokesman of Tom Hicks and surely we've learnt by now not to trust a word he says. Admittedly it could be true but I, for one, am not going to risk it.

Surely it cant do any harm. For all we know it could be an option they are looking into.

[kneeys]

Hi mods can you lock a courts update thread and update as news breaks thanks.

[janmolbyslovechild]

send skrts and agger over to speak to uncle tom...

No send Skrts, The Greek and Pacheco.

Little Dani can just stand there giving it the dead mans stare making Thicks think "why have they brought this little guy? He must be one of those crazy little bastards that will continute to kick fuck out of my dead corpse for 3 days"

[helen the llama]

Where have Wachovia been in all this?

Not been in any of the court cases or named in the injunction. BUT we know H&G owe money to them. Or at least part of the debt is with them.
Could they be in with RBS and only RBS are dealing with getting the sale through, but with some money owed.

Or is this more H&G debt unrelated to the current situation

[beejay]

The key issue surely is that the Board have entered into a binding contract to sell to NESC. If that doesn't happen, NESC will sue for millions. It can't be worth it for anyone to fund the acquisition of Hicks share, pay off the bank and THEN face a massive unquantified lawsuit

[Em5y]

Hi mods can you lock a courts update thread and update as news breaks thanks.

Yeah that'd be nice - and could I have a Jack Daniels with Coke and a bag of Cheese & Onion.  Ta.

[Les Willis]

I am no expert etc...

But I expect the Texan Judge will overturn it himself later tonight when he reviews the case and realises Hicks is talking out of his arse.

When the Judge was running for election (as they do over there), Hicks just happened to donate his campaign $10,000. I'm not saying that this has any bearing on what the judge might rule, but...

[Dreamlord]

The key issue surely is that the Board have entered into a binding contract to sell to NESC. If that doesn't happen, NESC will sue for millions. It can't be worth it for anyone to fund the acquisition of Hicks share, pay off the bank and THEN face a massive unquantified lawsuit

For the sake of our mental health: Be careful with the typos

[jaykop]

DAM Hicks just do one and JOG ON now...

[ronnnie yates]

the problem we all have is that we are alwys showing our hand {cant do anything about that , granted , as soon as cuntface stars another fire broughton /rbs are trying to put the fucker out , so we win the court case at 2 in the uk , then what ?? those 2 leeches will be planning something else , this could run for hours or weeks , not a nice thought but thats how the fucker is , what ever happens today , tomorrow or whenever , those c*nts have upset my /our lives for 3 years , i wont be forgetting , and one day what goes round comes round ,

[helen the llama]

There is no exclusivity agreement - that would be against the terms of the sale set by RBS.

That's why Mill didn't get in as a bidder, they would only do it with exclusivity.

[RedGirlSuzie]

Lets just be grateful that Bush isn't president anymore, god help us if that nasty RBS would have been screwing over his best mate Tommy!

Ah well, will try and get some work done and await updates!

[No666]

When the Judge was running for election (as they do over there), Hicks just happened to donate his campaign $10,000. I'm not saying that this has any bearing on what the judge might rule, but...

Is there no 'conflict of interest' over there that meant he should have retired himself from the case?