Liverpool Takeover Thread

http://soccernet.espn.go.com/news/story?id=830261&sec=england&cc=5901

Yet the fight is far from over, as ESPNsoccernet can also disclose that the outgoing American owners are desperately trying to block the bids because both Hicks and Gillett will be frozen out of receiving any money for their shares.
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:D

The American duo claim that they are owed at least £150 million but will be shocked that the offers that Broughton, chief executive Christian Purslow and commercial director Ian Ayre are ready to accept do not include any money to pay off Hicks and Gillett.
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:cool:

Please let it be true.
 
This still has the potential to drag on and get very messy.

Even if RBS take control of the club, they're legally obliged to find the best possible price for the owners within a reasonable time frame. Just like if the average person has their home repossessed for failing to pay their mortgage.

If Hicks isn't happy with what's happening he could try and claim that the banks haven't fulfilled their obligation of getting the best price and take them to court. After all, look how long it took the Rangers to get sold.
 
Liverpool Football Club tonight issued the following press statement:

The Board of Directors have received two excellent financial offers to buy the Club that would repay all its long-term debt. A Board meeting was called today to review these bids and approve a sale. Shortly prior to the meeting, the owners - Tom Hicks and George Gillett - sought to remove Managing Director Christian Purslow and Commercial Director Ian Ayre from the Board, seeking to replace them with Mack Hicks and Lori Kay McCutheon.

This matter is now subject to legal review and a further announcement will be made in due course.

Meanwhile Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity.

http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-3
 
Its funny, an ITK on RAWK reported this about 3 months ago, that HnG were trying to change the board, and got shot down as it being false.
-edit-
Mack Hicks. Lol.
He's the "Blow me, **** Face!" guy :p who had to step down from the board months back as per the agreement of the last refinancing deal (And to appease the fans a bit), how can they be allowed to bring him back?
Guess the key word is 'sought'
 
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Looks like it's war. Never seen such a statement releasing damning info like that before from LFC. This is going to be scary...
 
"What will probably happen is, if this gets taken through legal proceedings:
Precedent shows it will be dealt with by a neutral EU country (France and Spain have dealt with such cases over the last 20 years, albeit not for a UK sporting institution) and in previous cases the court has ruled in favour of the board, against the owners."

^ some 'business' guy on BBC news.
 
Hopefully this will have a speedy resolution (unlikely). The longer it drags the better the players can rehearse their rats from a sinking ship routine. I doubt we'll see much improvement on the pitch before an improvement in the boardroom. Such a shame :(
 
A guy from Bloomberg is saying that the board have accepted the American bid and that there may even be another statement tonight.
 
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