Liverpool Takeover Thread
- Thread starter antijoke
- Start date
Ok a quick summary:
-Mill Financial are already effective owners of Gillett's 50% and reportedly are in negotiations with Hicks to buy all or part of his share.
-It's unclear whether Mill Financial can complete any transaction without the approval of the Liverpool board.
-Hicks' own TRO prevents him from selling to Mill Financial.
So, Hicks has had to drop his TRO in order to make it possible for him to do any deal with Mill but this opens the door to NESV to complete its deal.
So assuming the Mill/Hicks rumours are true and that the deal can go ahead without the board approval, it's now a race between NESV and Mill to conclude the deal and repay RBS.
-Mill Financial are already effective owners of Gillett's 50% and reportedly are in negotiations with Hicks to buy all or part of his share.
-It's unclear whether Mill Financial can complete any transaction without the approval of the Liverpool board.
-Hicks' own TRO prevents him from selling to Mill Financial.
So, Hicks has had to drop his TRO in order to make it possible for him to do any deal with Mill but this opens the door to NESV to complete its deal.
So assuming the Mill/Hicks rumours are true and that the deal can go ahead without the board approval, it's now a race between NESV and Mill to conclude the deal and repay RBS.
Associate
As someone said on RAWK, its the ending of "Brewsters Millions", but for real.
LFC Statement:
We were in court this morning again?
http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-6
We were in court this morning again?
Soldato
Sounds like a reissue of the statement from yesterday.LFC Statement:
http://www.liverpoolfc.tv/news/latest-news/liverpool-fc-statement-6
We were in court this morning again?
Soldato
What does the Mill deal mean?
Yep. Typical .tv **** up. Let's hope that means they're in the process of issuing a statement to say Hicks has died.
It's not just a matter of time. Presuming that any deal they've done is at the highest level of the holding companies, it's still massively unclear if Mill can become owners of LFC, repay the RBS etc without board approval.
No it isn't unclear. Hicks cannot sell his shares without the approval of the board, unless RBS put Liverpool into administration.
Hicks can sell shares in Kop Football LLP(the ultimate holding company) with owns Kop Holdings (through a Cayman's company), which owns LFC.
The restrictions on H&G from RBS are from Kop Holdings downwards.
Hicks can sell shares in Kop Football but RBS still have control from Kop Holdings downwards and it would be unclear if they can refuse to accept Mill repaying them without the board agreeing.
Soldato
If the TRO has been lifted then surly the club has already been sold to NESV as that was the only thing holding up the deal?
Will the Mill deal leave Hicks with any control over the club, will the debt be cleared?
Will the Mill deal leave Hicks with any control over the club, will the debt be cleared?
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It's possible that the TRO can't officially be lifted until the Court opens in Dallas.
Broughton's just been chased into Slaughter and May's offices by the press and said he's very confident and gave a thumbs up.
The Huang/Mill link can't be dismissed and therefore wouldn't necessarily automatically make the sale to them negative but there's too many uncertainties.
It still rests on RBS accepting a bid from Mill Financial. And looking at it for a second, would RBS really risk the wrath of Liverpool fans worldwide? I realise they're a bank after profit, but they also look at things like this from a wider perspective, and wouldn't want to create the ill will towards themselves this would create, surely?