Barabis

4.04pm: JUDGE SAYS IT WOULD BE A "LITTLE AMBITIOUS" FOR THE CASE TO BE SETTLED BY FRIDAY. (In reply to Broughton's QC saying board would desperately like a verdict by then).

Yeah he does seem to be watching a different case... Did the usher send him to the pete v jordan case?

I thought Gillete losing his shares to Mill triggered a default clause? So even if there was a 1 Nov clause it would now be invalidated

danroan Dan Roan seems lfc have until nov 1 to do deal with nesv - if rbs decide not to put club into admin'ion - judge says resolution this week "ambitious"

such a bad feeling about this now after feeling so confident this morning

Lim can offer what he wants but I'm suer an auction is legally binding and you can't just dump the winner because the loser suddenly offers more money. So Hick's can scream all he likes about more money on the table, it wont do him no good.

danroan Dan Roan Case begins in packed Court 16- Philip Snowdon QC for RBS -H&G in "breach of contract" guilty of "breath-taking arrogance"

had a dream last night that I was travelling to Japan first class and Broughton was the captain. Throughout the flight he was in the 1st class compartment chatting with all the passengers and generally making sure everyone was being looked after. All I could think about through all this was... "whose fecking flying this bird??!!!"...

T minus 20 minutes...

http://www.ft.com/cms/s/0/a84f85cc-d568-11df-8e86-00144feabdc0.html Intersting below if true about change of control etc... Looks like it may have weakened HIcks' hand if due to Gillete's default with Mills the RBS's loan to G&H is now in default. I'm thinking now RBS definitely in control and in a position to call the shots in regards to sale It has also emerged that the holding company for the club is in technical default on its loans to RBS and Wachovia. The default was triggered because Mr Gillett went into technical breach on a loan from US fund Mill Financial. That default triggered a change of control clause on the loan to Kop Holdings.

Well "dead" is in the eye of the beholder... just ask our cannibalistic skull f***ing friend

If it was just Henry fair enough, Singapore guy has double or more but I reckon NESV combined probably has at least 1.6 bill if not mor.

RBS and Broughton have basically done a pincer manouvre on the two cvnts

Surely if the court rules that H&G didn't have the power to replace the board the sale has gone through?

There is you know

and we have a winner

I've a feeling about one word out of that might pass the swear filter

IDHAFC

That's intersting in itself that it's RBS v Hicks. I think this must add weight to the legal undertakings that RBS were given by Hicks & Gillete

Email campaign under way to dissuade Mill Financial from helping with refinance. To: atsiamis@springfieldfinancialco.com, rdevine@springfieldfinancialco.com Cc: thicks@hicksholdings.com; tohjr@hicksholdings.com; mhicks@hicksholdings.com; cvest@hicksholdings.com; cemmert@hicksholdings.com; ccoffman@hicksholdings.com; ian.ayre@liverpoolfc.tv; martin.broughton@ba.com; philip.nash@liverpoolfc.tv; Jennifer Stenseth Rogus (jrogus@bcmgt.com); khurley@bcmgt.com; gngillett@bcmgt.com; info@hicksholdings.com; stephen.hester@rbs.co.uk; roger.lowry@rbs.co.uk; jon.laycock@barcap.com; kopfaithful@hotmail.co.uk Dear Sirs, According to reports in The Sunday Times, it is claimed that US Hedge Fund Mill Financial - an arm of Springfield Financial Company, has joined forces with Tom Hicks to try and prevent the sale of Liverpool Football Club to New England Sports Ventures, by attempting to raise cash to repay the owners debts to the Royal Bank of Scotland by the 15th of October deadline. We write to inform you that if your company assists Tom Hicks in retaining his share in Liverpool Football Club, then the only return that you will see on your investment is bad publicity and a severe backlash from Liverpool supporters worldwide, as Michael Whitman the Senior Managing Director at the Blackstone Group will testify. You are facing an energized, well-informed mass of Liverpool fans from around the world. We are tapped into a constant stream of information on the ownership situation. Every day, dozens of web forums buzz with the latest news. Protest marches, newspaper advertisements, boycotts and billboards are organized. Every move Hicks makes is scrutinized. And every associate of his is warned. Refinancing is our nightmare scenario. Anybody who helps Tom Hicks refinance will become our primary target. Yours sincerely,

http://www.oeclaw.co.uk/members/barrister.asp?b=511

http://www.slaughterandmay.com/who-we-are/partners/nigel-boardman.aspx Your man looks like an F-wing inmate

Slaughters think they'll win whereas Hicks team hope they'll win

Surely RBS can repossess without having to put us into administration and just runs as a going concern. And seeing as there is already a buyer lined up they would only be running us for a matter of hours whilst the paperwork is signed

Yup seems he did specify. Having said that it states they also gave a written undertaking to RBS they wouldn't interfere with the sales process. So even if they did have the legal authority to change the board by doing so surely they break the other legal arrangement with RBS? Liverpool: Clinging On A legal battle could be the only thing preventing the sale of Liverpool to New England Sports Ventures. Martin Broughton, one of those that Tom Hicks and George Gillett (in particular Hicks) are trying to remove from the board, believes that Dumb and Dumber wouldn't be successful and couldn't remove him from the board, as he is the only one that can do this, as he explained: 'The key thing is the court case. 'We need to go to the court to get a declaratory judgement ... part of me taking on the role - and I was appointed by Tom and George - was that they gave a written undertaking that only I could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings. They also gave a written undertaking to RBS that they would not frustrate any reasonable sale and this is frankly a flagrant abuse of those two written undertakings.' Hicks, the major protagonist in this legal battle, however believes that Broughton doesn't have the power that he feels he does and continues to fight this possible takeover as he tries desperately to cling to power at Anfield, as he explained to the BBC: 'We legally reconstructed the board and the board does not approve of the transaction. That's why there are laws and courts.' Dumber's views were backed up by spokesman Mark Semer, who also explained as much on Bloomberg.com: 'There were no such undertakings given to Broughton. The board has been legally reconstituted, and the new board does not approve this proposed transaction.' Any chance of walking away from Anfield with any shred of dignity in place have well and truly gone now and Dumb and Dumber are being exposed more and more as the money grabbing, Liverpool blood sucking money leeches that they've always been accused of being increasingly being proven that getting all they can financially from the club has been their intention.