Liverpool 2010/11 Season Thread

[Adrock]

Guardian are saying that RBS could be in trouble because of the US interests it holds. Broughton would be affected by his chairmanship of BA. Obviously NESV are US based.

So basically this could affect things badly. So maybe it'd be a better idea to just put the club into administration and then let RBS sell the club. Surely nothing could be said then.

[Nu-Eclipse]

Is God a Man Utd fan or what?

[abigsmurf]

NESV and RBS both have assets in the US. They've no choice but to abide by a US court ruling.

One thing that's surprised me: not a single legal expert or commentator predicted something like this could happen.

All eyes have to be back on RBS now, they've got to decide if they're going to call in the loan or not. It sounded like even if there had been an appeal over the ruling yesterday, RBS wouldn't have called in the loan as they'd have been certain to quickly win. With this US ruling, god knows.

[Scythe]

http://www.mirrorfootball.co.uk/news/Liverpool-takeover-latest-Reds-appoint-lawyers-in-Dallas-to-overturn-injunction-Martin-Broughton-tells-fans-Keep-the-faith-and-John-W-Henry-pledges-not-to-walk-away-from-deal-article600701.html?utm_source=twitterfeed&utm_medium=twitter

The initial case to me was always a stepping stone to a personal case towards the board for compensation, I think they always knew they were going to lose the initial case.

AFAICR didn't they reject a bid of around £500 million some time ago as it wasn't up to their valuation? If thats the case then I can't see how they will have a leg to stand on.

[abigsmurf]

They've gone to the high court again. Not entirely sure what's being argued, a UK judge doesn't have any say in a Texan court's decision.

[Adrock]

I think because its the high court general convention suggests, as its 'superior', the Texan court should take the high court's decision and respect it.

Thats what I've garnered from some of the stuff being written throughout the media. Also, it seems H&G have used a method in Texas where basically they grant an emergency injunction without any evidence taken into account. So, hopefully, if the judge checks out what they've actually submitted they might just throw it out.

[Hombre]

5.21pm: Judge rules that anti-suit injunction wanted by RBS and other parties (board) against owner's action in Texas is granted. "This case has nothing to do with Texas."

Bye bye Hicks & Gillett.

[Adrock]

The later comment is more important. Supposedly international law means the Texan court should now drop the case.

"basic principles of international law are (1) that an injunction issued by a Texas Court has no effect on actions in this (the UK) country; and, (2) that the court first dealing with the case should be the only court dealing with the matter to the end."

[prinnysquad]

Every time I see that Broughton bloke I think it's Ian McKellen out on the prowl.

[FreelancePolice]

Does anyone else think of the two brothers from trading places when thinking of Gilette and Hicks?

[Baseley09]

Getting into the realms of Portsmouth style bizarre this one.

[abigsmurf]

I've no idea how this could turn out today. It's not a given that the Texan judge will see the UK judgement as binding, if the judge is especially egotistical he could feel his court is being subverted by the board.

The weird thing is, if the US injunction isn't overturned, all five members of the board will be in contempt of court (H&G in the UK, the other 3 in the US).

I think it's ultimately going to come down to if RBS will forcibly take over the club or not. Can't see there not being more weird, unpredictable tactics used in courts by both sides, would be amazed if everything is done and dusted before the deadline.

*edit*

Seems Hicks and Gillette have lifted the order. Speculation is that this has been done so they can put a deal through to Mill Financial rather than NESV.

All this story needs now is some exploding helicoptors

[Scythe]

Please tell me its finally over!?

[Hombre]

Taken from The Guardian blog...

"The only way this saga could get more enthralling is if it were set in a Texas courthouse. Preferably with Rafa bursting in at the last minute with a grubby bit of A4 to present his 'facts'" - juncopartner.

rofl

[abigsmurf]

Not yet. No confirmation of a deal done.

Looks almost certain though unless Hicks and Gillette have another surprise attack up their sleeves. Looks like they're just going to sue for damages rather than try to stop the sale. Think there's a good chance that something weird went on in the board, they seemed oddly determined to push through the NESV bid at the expense of all others.