RBS WINS INJUNCTION

[Chinandeler Bong]

Against the Yanks.

 

GET THE FUCK IN.

[Wor Horse]

YAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAY, GET IN GET IN GET IN.

 

It's to prevent them from firing any board members for anyone confused.

[Wee-bey]

So.... the sale was legit?

[RobbieOR]

So the sale has gone though now?

[Furmedge]

Things just got really fucking interesting.

[Chinandeler Bong]

Shit just got serious.

[Wor Horse]

It still needs to go to court I think, but our position is considerably stronger now.

 

I imagine anyway.

[Chinandeler Bong]

Pinched from RAWK but brilliant.

 

Our Shankly, who art in heaven,

hallowed be thy name;

thy kingdom come;

thy will be done,

in Anfield as it is in heaven.

Give us this day our club back.

And forgive Moores his foolishness,

as we forgive them that conspire against us.

And lead us not into administration;

but deliver us from Hicks.

For thine is the kingdom,

the power and the glory,

for ever and ever.

 

Amen.

[RobbieOR]

What does this mean?

[Frankenhooker]

Somebody missed out the word 'interim' . The injunction holds until the court case when a ruling will be made.

[bastard oot]

so the sale has gone thru then ???

[usernameunknown]

What does this mean?

 

Not a lot so not sure what the celebrating is about. Court case pending.

[coop]

This lasts until tomorrow.

[Chinandeler Bong]

Interim just means they cannot sack or change the board whilst this process is in place.

[sir roger]

I am baffled, RBS aren't involved in the court case yet are they ?

 

I thought it was the board v the owners

 

What exactly are RBS stopping H&G doing with this injunction ?

[Section_31]

Corbin Bernsen over here.

 

Simmer down you lads.

[billybonzo]

http://www.sportingintelligence.com/2010/10/11/breaking-liverpool-ownership-battle-rbs-statement-interim-injunction-v-hg-in-place/

 

RBS STATEMENT

 

RBS in its capacity as lender to the Kop group of companies received the benefit of various contractual undertakings from Mr. Hicks and Mr. Gillett in relation to the corporate governance arrangements that Mr. Hicks and Mr. Gillett agreed would apply to the Kop group of companies with effect from April 2010.

 

Those undertakings provided for the appointment of Mr Broughton as chairman of the board and the appointment of the chief executive and commercial director of LFC to the Kop boards.

 

As is well known, Mr. Hicks and Mr. Gillett purported to make changes to those corporate governance arrangements on 4 October. This was in breach of those contractual undertakings.

In light of that purported breach of contract RBS sought and obtained on Friday 8 October 2010 an interim injunction against Mr. Hicks and Mr. Gillett until a further hearing scheduled for tomorrow.

 

Among other things, that interim injunction prevents Mr. Hicks or Mr. Gillett taking any steps to remove or replace Mr. Broughton from his position as chairman of the board of the Kop companies or from taking any other steps to appoint or remove any directors from the board of the Kop companies.

 

The proceedings tomorrow represent the continuation of Friday’s proceedings and relates to breach of contract only. These proceedings do not represent steps by RBS to enforce its security or to appoint an administrator.

 

We are unable to provide any visibility on timing for resolution of these proceedings at this stage.

 

STATEMENT ENDS

[Frankenhooker]

I am baffled, RBS aren't involved in the court case yet are they ?

 

I thought it was the board v the owners

 

What exactly are RBS stopping H&G doing with this injunction ?

 

It was granted on 8th Oct and it basically means Hicks and Gillett can't alter the board until the case has been resolved.

[Chinandeler Bong]

I am baffled, RBS aren't involved in the court case yet are they ?

 

I thought it was the board v the owners

 

What exactly are RBS stopping H&G doing with this injunction ?

 

Yep , RBS PLC v Hicks ors.

[Wee-bey]

I thought they couldn't alter the board anyway?

[wevegot5]

Round 1 to us.

[Jim MM]

We won a league cup match. The CL final is tomorrow.

[Chinandeler Bong]

@bensmith_times

Ben Smith

RBS claiming Hicks breached his contract with them by blocking sale of #lfc to NESV and that the takeover will be ratified tomorrow

[Skidfingers McGonical]

*puts in gum shield, sticks on Rocky 4 soundtrack "If they die, they die"*

[kop77]

fuck off hicks our club is older then your country. fat cunt