wormy Posted October 13, 2010 Share Posted October 13, 2010 Can't stand Liverpool but it's got to be said that Hicks and Gillett come out of this mess looking like a pair of absolute c***s tbh. Tom Hicks is a gentleman and a scholar. Link to post Share on other sites More sharing options...
Guest gggg Posted October 13, 2010 Share Posted October 13, 2010 How can a Texas court have a say in what happens to an English business owned by a Cayman company that owes money to a Scottish bank? Link to post Share on other sites More sharing options...
Dave Posted October 13, 2010 Share Posted October 13, 2010 http://www.guardian.co.uk/football/2010/oct/13/liverpool-board-meeting Hicks and Gillett last night sought to throw another spanner in the works claiming the Texas State District Court had granted a temporary restraining order preventing the sale from going ahead. They claimed the Liverpool directors executed a "epic swindle" and claimed damages $1.6bn dollars (£1bn). Link to post Share on other sites More sharing options...
Guest VegasToon Posted October 13, 2010 Share Posted October 13, 2010 How can a Texas court have a say in what happens to an English business owned by a Cayman company that owes money to a Scottish bank? Maybe if the buyer is also from the States? Honestly, I don't fucking know, but it is pretty damn funny. Link to post Share on other sites More sharing options...
Guest BooBoo Posted October 13, 2010 Share Posted October 13, 2010 Lolza. Link to post Share on other sites More sharing options...
Guest neesy111 Posted October 13, 2010 Share Posted October 13, 2010 If the holding company is listed in America, then American courts can block moves on anything involving that holding company. Link to post Share on other sites More sharing options...
wacko Posted October 13, 2010 Share Posted October 13, 2010 Aw man, these guys are on crack. Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted October 13, 2010 Share Posted October 13, 2010 How can a Texas court have a say in what happens to an English business owned by a Cayman company that owes money to a Scottish bank? Because we're AMERICA! Link to post Share on other sites More sharing options...
khay Posted October 13, 2010 Share Posted October 13, 2010 I believe the holding company is listed in the states according to my pool mate. Link to post Share on other sites More sharing options...
jdckelly Posted October 13, 2010 Share Posted October 13, 2010 guardian said something about if rbs trade in texas then the court can do action against them Link to post Share on other sites More sharing options...
cubaricho Posted October 13, 2010 Share Posted October 13, 2010 There's got to be some company involved in the holding of Liverpool that is based out of the States or more specifically, Texas. Link to post Share on other sites More sharing options...
Guest Geordiesned Posted October 13, 2010 Share Posted October 13, 2010 SkyNewsBreak: Liverpool directors agree to complete sale of club to Boston Red Sox owners and will seek to have Texas court order preventing sale removed Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted October 13, 2010 Share Posted October 13, 2010 The comments section on SkySportsNews is awesome. http://www.skysports.com/story/0,19528,11669_6443655,00.html Link to post Share on other sites More sharing options...
Cronky Posted October 13, 2010 Share Posted October 13, 2010 It's getting more interesting. I'd thought it was going to hinge on whether the Board had sold the club for a 'reasonable' price. Instead, it looks like that aspect of the case was outside the High Court's remit, and the focus was on the legality of H and G's attempt to block the decision to sell, by re-constituting the Board. I daresay they would have been on very weak ground there. However, it looks like they've decided to challenge the 'reasonable price' aspect in a Court where they're most likely to get a sympathetic hearing - ie an American one. Away from all the emotion in this country about the institution that is Liverpool FC, they may have a strong case. It's hard to believe that the best possible price was one that covered the debt and no more. Link to post Share on other sites More sharing options...
Guest VegasToon Posted October 14, 2010 Share Posted October 14, 2010 http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/101310dnbushickstro.188c32db4.html Actual Court Complaint: http://www.dallasnews.com/sharedcontent/dws/img/10-10/1014hicks1.pdf Temporary Restraining Order: http://www.dallasnews.com/sharedcontent/dws/img/10-10/1014hicks2.pdf Link to post Share on other sites More sharing options...
Shearer9 Posted October 14, 2010 Share Posted October 14, 2010 I found this incredibly amusing. This is the webpage of the court that will be deciding the future of the most historically significant English football club to play the game: http://www.dallascourts.com/forms/frmCtsCivDist.asp?court=H This is also one of those awful places in parts of the South where judges are actually elected, meaning that in some way a tiny little jurisdiction of Dallas rednecks are really the ones deciding the future of the mighty Liverpool FC...... Link to post Share on other sites More sharing options...
Optimistic Nut Posted October 14, 2010 Share Posted October 14, 2010 All this needs is for Woy to walk out and this pisses on the scenario we had 2 years ago. Link to post Share on other sites More sharing options...
NG32 Posted October 14, 2010 Share Posted October 14, 2010 Get Judge Judy in!!! Link to post Share on other sites More sharing options...
wacko Posted October 14, 2010 Share Posted October 14, 2010 http://www.dallasnews.com/sharedcontent/dws/dn/latestnews/stories/101310dnbushickstro.188c32db4.html Actual Court Complaint: http://www.dallasnews.com/sharedcontent/dws/img/10-10/1014hicks1.pdf Temporary Restraining Order: http://www.dallasnews.com/sharedcontent/dws/img/10-10/1014hicks2.pdf They're completely out of their minds. "Liverpool FC had various valuations and potential sales that valued the club in excess of $600 million and as much as $1.03 billion." Whose arse were those figures pulled out of? There is no way on earth, in the middle of a recession, that LFC could fetch even close to $600m, let alone $1bn. The way I see it, the only effect the suit could possibly have is that the bank indeed forecloses on Kop Holdings, they lose the club and their money anyway, and the club is then sold, possibly at an even lower price. Half the complaints in the suit are based on the LFC directors having been removed by H&G and thus not having the authority to agree to the sale. Since this has already been found to be false by a British court ruling on British law, I have no idea where this leaves the validity of the injunction under US law. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted October 14, 2010 Share Posted October 14, 2010 One billion dollars! [/dr evil] Link to post Share on other sites More sharing options...
gray Posted October 14, 2010 Share Posted October 14, 2010 Are they getting points docked or what? Link to post Share on other sites More sharing options...
Guest ObiChrisKenobi Posted October 14, 2010 Share Posted October 14, 2010 Are they getting points docked or what? Yeah, they're crossing the Mersey on the Ferry now. Link to post Share on other sites More sharing options...
wacko Posted October 14, 2010 Share Posted October 14, 2010 One billion dollars! [/dr evil] Link to post Share on other sites More sharing options...
gray Posted October 14, 2010 Share Posted October 14, 2010 Are they getting points docked or what? Yeah, they're crossing the Mersey on the Ferry now. Poor Link to post Share on other sites More sharing options...
JH Posted October 14, 2010 Share Posted October 14, 2010 I giggled Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now