i'm a shadowboxer, baby (youth_depraved) wrote in ontd_football,
i'm a shadowboxer, baby
youth_depraved
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LIVE: LIVERPOOL FC SALE HIGH COURT HEARING

(The times are from London, obviously)
9.30am: The fate of Liverpool Football Club is set to be decided in room 16 of the high court today, when the Royal Bank of Scotland seeks to force through the sale of the club to John W Henry and his co-owners of the Boston Red Sox.



The club's future is set to turn on Mr Justice Floyd's interpretation of agreements that RBS insists were signed by the owners Tom Hicks and George Gillett.

Floyd, a contract and intellectual property law specialist, will be called on to decide whether Hicks and Gillett broke a contractual agreement with RBS when they attempted to sack the club's commercial director, Ian Ayre, and chief executive, Christian Purslow.

Martin Broughton, the independent director brought in by RBS as part of its refinancing agreement with Hicks and Gillett, believes that RBS had a binding agreement that gave him sole reponsibility over the board and prevented them interfering in the sale process.

The situation was further complicated yesterday the BBC's Robert Peston revealed a rival bid to that of New England Sports Ventures, whose offer was accepted last week. Singapore billionaire Peter Lim matched New England Sports Venture's £300m offer and also agreed to clear the £200m acquisition debt sitting on the club's balance sheet.

The case may come as early as 10.30am in the High Court, but may come much later in the day, depending upon other business.

read more under the cut, i will update as soon as more info comes throughCollapse )

4.48pm: JUDGEMENT ON THE CASE IS TO BE GIVEN AT 10.30AM TOMORROW (WEDNESDAY) MORNING
a bit more hereCollapse )

5.22pm: My colleague Sachin Nakrani down at the High Court says that there have been supporters outside the High Court chanting and an enormous media scrum. He says courtroom 16 has been packed all day, so busy that many journalists have been lining the walls. There were a few noticeable Liverpool supporters and at one stage the room was so full that some people were standing outside the main door leaning in to listen.

The BBC's Dan Roan tweeted this picture of the scene outside the High Court:


SOURCE

HEY. HICKS AND GILLETT. GET. THE. FUCK. OUT.
Tags: club: liverpool fc
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  • Tuesday

  • Wednesday!

    News ⏰ TUESDAY'S RESULTS ⏰ Goals, comebacks, drama ✅ 🔝 Best performance? #UCL— UEFA Champions…

  • Saturday

    News Cristiano Ronaldo's…