Barabis

http://www.goal.com/en-gb/news/2896/premier-league/2010/10/14/2165511/new-england-sports-ventures-claim-they-are-new-owners-of

Liverpool's QC Lord Grabiner revealed Wednesday's reconstituted board meeting voted three to two in favour of selling the club to NESV.

4.48pm: Mr Justice Floyd: It is plan that the owner's case in Texas had been in preparation for some considerable time

WOAH! Does that mean RBS have the funds?

Looks like another 10 bottles of beers and sat in front of SSN tonight

4.15pm: Break in proceedings at the High Court. Mr Justice Floyd will reveal in a few minutes if he will make a decision today. Or tomorrow! FFS I cant face another night of not knowing

Surely the Judge will see the urgency of the situation and make a ruling today...

Do we have lawyers at the Texas hearing?

Hmmm maybe if the high court rule the Mills sale illegal their hands will no longer be tied and the NESV sale can proceed? Am I clutching at straws?

At the end of the day if Hicks hands over the cash to RBS by RBS' own admission it's game over.

He's just downed a bottle of viagra washd down with a litre of red bull ready to repeatedly smash his c**k through Hick's eye socket...

Surely the point of law here is that a UK court has ruled on the legality of the sale and H&G's right to block it. To me that is a point of law that a Texas district court, or any other foreign court has no legal right to overturn

Now Im never gonna sleep tonight... f*** sake

Just saw that. I know it's not helpful but I've just had my 10th bottle of beer and I cant stop laughing.

LOL Claire Liddy u w*****, hav u any idea of wat uve done, I can smell de bribe frm here, hope karma bits u in de ass'

How quickly you forget Traore

How humiliating for G&H to see Henry at the board meeting about to take the club off them... check mate! Hope people have been firing off "blow me" emails to Hicks minor btw

just sent email expressing my good will to Hicks jnr and family etc... See below for a detailed email template if you too feel like sharing some good will thicks@hicksholdings.com, tohjr@hicksholdings.com, mhicks@hicksholdings.com, cvest@hicksholdings.com, cemmert@hicksholdings.com, ccoffman@hicksholdings.com,info@hicksholdings.com Blow me f*** face! Regards,

12.43pm: Some legal opinions: Andrew Nixon, Associate at Thomas Eggar LLP, said: This ruling means that there will be no need for Mr Broughton and the board to bring their own declaratory proceedings seeking an Order that they are entitled to push ahead with the deal. Hicks and Gillett do have a right to appeal the ruling against them and given the amount of cash they are set to lose on a sale to NESV, they are likely to do so. Should they decide to take that option, then there will be further delay. If an appeal is launched then RBS may extend the loan deadline. Regardless of Justice Floyd's assertion in this morning's judgment that it would be "inappropriate" to appeal it seems likely that there is still considerable mileage in this case. Gerald Krasner, Partner at insolvency and recovery specialist Begbies Traynor and former Chairman of Leeds United Football Club (before selling to Ken Bates in 2005), said: This morning's announcement means that the possibility of Administration is now highly unlikely and the smart money is on the deal with NESV now going through. Even though there are obviously other parties now looking to muscle in, the chances of them being able to usurp John Henry's bid are remote although, if Hicks and Gillett look to appeal against today's ruling, that will delay things somewhat.

10.05am: Mr Justice Floyd has arrived...

9.59am: Broughton, Purslow and Ayre are all in court. Mr Justice Floyd has not yet arrived though..

Has there been any expert legal opinion in the media as to how things stand and who has the upper hand after today's hearing? To me it sounded like desperate stuff from H&G but what do I know

Could be that the judge was taking into account the appeals process?

I thought RBS had to trigger administration and that the action of taking posession wasnt administration in itself.

Surely RBS can take posession of the club without triggering administration? At the end of the day its only them and withova that are creditors and its in both their interest to sell club as going concern. Could that be plan B?