Martin Broughton

[Red Nick]

In 2007 the LFC board was not the same as the boards of the holding companies. Parry and Moores weren't on the board of anything higher up the chain than LFC. The holding companies were under the control, 50-50, of the Hicks and Gillett families.

 

In 2010 the boards of Kop Football and Kop Football (Holding) are made up of the same members as that of the LFC company. Broughton, Hicks, Gillett, Purslow, Ayre. Nash doesn't have voting rights.

 

This situation came about as part of the deals done to get the finance extended, in particular this 12-month extension that came when Broughton came in. This means that if Hicks was the only member of the board who wanted to block a sale he could be overruled quite easily.

 

Doesnt work that way

 

You might get the board to agree the sale but as a 50% shareholder he can block it Any take over deal has to be done with the shareholders consent it is the basis of company law.

[Trucker Paddy]

Doesnt work that way

 

You might get the board to agree the sale but as a 50% shareholder he can block it Any take over deal has to be done with the shareholders consent it is the basis of company law.

 

Nick what do you think broughtons appointment is all about, is he a part of this bullshit or has hicks fucked him over, I dont believe a man of his standing and reputation would have agreed to sell the club without a minimum sale price, and i believe he's been conned by that cunt hicks and should resign and spill the beans, I'm not been smart what do you think has gone on.

[coop]

Broughton, RBS or whoever can not force Hicks and Gillett to sell the club at a certain price.

 

They can advise them but thats as far as it will go.

 

There is also no way Ayre has the same voting rights as the owners.

 

Hicks and Gillett have the final say on matters concerning the club with Broughton rumoured to have a casting vote if Hicks and Gillett fail to agree.

 

The only way RBS can have any say is if they refuse to extend the loan any further and therefore ask for their money back or seize the club.

 

Broughton said he expected the club to be sold before the end of the year so whilst we are still quite a few months away from that i can't see him taking any action regards resigning just yet.

[coop]

Two interested buyers have departed from their interest in the club due to the hostility of Hicks.

 

If he had no more power then the others then the interested buyers would have just ignored him and as long as they made an offer which was acceptable submitted it to the board for them to agree on.

 

Instead due to Hicks they walked away.

 

Why would they do so if he could quite easily be outvoted 4-1.

[birkenhead]

I seriously believe RBS will never call in the loan, they will not want to be seen as the bank who sent LFC into Administration.

 

Bad publicity

[Trucker Paddy]

I seriously believe RBS will never call in the loan, they will not want to be seen as the bank who sent LFC into Administration.

 

Bad publicity

 

We can pay our debts it may take selling our assets to do it so we wont go into admin, but if RBS refuse to refinance they'll sell up, no financial institution will touch that texan devil again.

[Red Nick]

Two interested buyers have departed from their interest in the club due to the hostility of Hicks.

 

If he had no more power then the others then the interested buyers would have just ignored him and as long as they made an offer which was acceptable submitted it to the board for them to agree on.

 

Instead due to Hicks they walked away.

 

Why would they do so if he could quite easily be outvoted 4-1.

 

Is correct Real Red is talking shit about a subject he knows nothing about

[Red Nick]

He doesn't own Liverpool Football Club and Athletic Grounds Limited.

 

A holding company does. And that holding company only has 2/5 representation now from the Hicks and Gillett families.

 

You still dont get it

 

in extremely simple terms any deal agreed has to be approved by the shareholders Its company law. its that simple

[Captain]

We can pay our debts [...]

 

I think it's beyond dispute that we can't.

 

G&H failed to meet their payment on the loan(s) this spring, which is why RBS had Broughton come in to administer the sale of the club.

[Red Nick]

Provisions can be made in shareholder agreements. Banks can insist on such provisions being incorporated into those agreements.

 

Dream on

[Trucker Paddy]

I think it's beyond dispute that we can't.

 

G&H failed to meet their payment on the loan(s) this spring, which is why RBS had Broughton come in to administer the sale of the club.

 

If your gona quote my post quote the whole lot of it, we wont go into administration because as things stand our assets(players and commercial deals) cover our debts, thats why we wont go into administration, when our assets cant cover our debts i.e. Pompey and Leeds then we're in administration.

[R.A.La]

Don't trust Boughtman as far as I could kick him.

 

With regards to RBS, what they can do is keep covering more of the debt with personal guarantees. I don't think that fat cunt Hicks will have the assets or cash in the bank to cover this if the loan gets called.

[Trucker Paddy]

anyway back on subject, what do we think Broughtons role is.

[R.A.La]

anyway back on subject, what do we think Broughtons role is.

 

Part time salesman, full time chelsea gobshite.

[BolshieBastard]

Hahahahaha! realRed proving he knows fuck all about this club. Dream on muppet.

 

The owners (there's one clue for you right there!) can do what they want with the club providing they observe directors responsibility.

 

They 'own' the club 50 / 50 each. They both have to agree to a sale or it doesnt happen.

 

I could give you more info but what's the point? You've shown you wont listen \ dont understand how it works.

[StevieH]

Martin Broughton has said that Hicks and Gillett cannot the block sale of the club.

 

Do we believe him?

[StevieH]

Martin Broughton has said that Hicks and Gillett cannot the block sale of the club.

 

Do we believe him?

[PaulMcC]

Martin Broughton has said that Hicks and Gillett cannot the block sale of the club.

 

Do we believe him?

 

Nope.

[StevieH]

Alan Myers of Sky Sports has mentioned another group of investors (not from the middle east) who may be about to come forward.

[gkmacca]

Whether we believe what he says or not, it still is appalling he's allowed so much misinformation to fester when he could easily have made these simple comments and clarifications via LFCTV or the media more generally. In fact, with fans driven to the brink of riots, it's plain perverse.

[Captain]

I believe Broughton's right. G&H are out of both credit and time.

[Antynwa]

I can't figure out whether the man is full of shit, or genuine. I've given him the benefit of many doubts.

 

He's no bullshitter, call it a gut feeling but he's been very firm in his language.

[PaulMcC]

Alan Myers of Sky Sports has mentioned another group of investors (not from the middle east) who may be about to come forward.

 

Isn't he Hicks' mate?

 

He's just trying to shut the fans up.

[Chinandeler Bong]

'Sometimes' I cant help but take what Broughton says at face value.

I hope im not wrong. I really do.

[Chinandeler Bong]

Bubble post.