Texas Court

[Dan Vito Corleone]

He nearly got refinancing as recently as six weeks ago - and was only stopped because of Blackstone's reaction to Kop Faithful. I know what you're saying but I don't trust that fat headed cunt in the slightest. If he finds the slightest little room to wriggle he's going to get away - he's wriggling very strongly as we speak.

 

I would agree totally that Gillett is out of the picture and has been for some time seemingly.

[Rex Banner]

Who the fuck are these Mill cunts? Just a smoke screen for Gillett and Hicks to retain power?

[JohnJMDSexton]

cant believe this shit is actually going to court again, hicks is a potless texas redneck cunt doing everything he can to made that last bit of cash from liverpool. hope rbs, nesv and liverpool counter sue for delay tactics and for slander and take that fuck for everything he has!! the side of the road is too good for that shit head.

[Whelan]

Who the fuck are these Mill cunts? Just a smoke screen for Gillett and Hicks to retain power?

 

I don't think they are, I think they are simply offering more money for Hicks.

 

I think the key is that they already own Gillets, or rather 25% so say the club is valued at £350 million. Take 25% off and they only have to pay out £263 million, so it is actually cheaper for them to pay more than NESV!

 

Hicks obviously wants them, as it is an extra £50 million and as we sadly know to our cost, he is a greedy little fuck.

[RobbieOR]

fusr @thisisanfield :calm legal sports expert on BBC says all is distraction the deadline favours the home team. The sale to NESV will go ahead.

[goatboy59]

fusr @thisisanfield :calm legal sports expert on BBC says all is distraction the deadline favours the home team. The sale to NESV will go ahead.

 

Spoke well, him.

 

Unfortunately, saying exactly what we want to hear is no real evidence of truth is it?

[JagSquared]

My head hurts

[DJLJ]

Spoke well, him.

 

Unfortunately, saying exactly what we want to hear is no real evidence of truth is it?

 

I'm glad to hear that the sports expert is remaining calm, very important detail in these times.

[lfclad_4eva]

I am just worried about what else these cowboys can pull out of their hat, they must doing all this for a reason? using the process as a stepping stone to something else. We just need the court to say today screw texas, the deal can go through. But time will tell...

[Silly season]

9am Dallas Texas is 3pm here.

 

high court 2pm the Dallas 3pm???

 

crazy!!!

[Guest Numero Veinticinco]

high court 2pm the Dallas 3pm???

 

crazy!!!

 

That's a couple of hours that we'll be shitting our thongs.

[WhiskeyJar]

high court 2pm the Dallas 3pm???

 

crazy!!!

 

Give me an update will ya please?

 

We are going back to court?

[WhiskeyJar]

Forget it, found it.

 

Battle for control of Liverpool returns to court after Texas judge halts sale

 

By Rob Harris (CP) – 3 minutes ago

 

LONDON — Liverpool's ownership battle headed back to the High Court on Thursday, a day after a Texas judge granted an injunction blocking the club's sale to the owners of the Boston Red Sox.

 

American owners Tom Hicks and George Gillett Jr. obtained a last-minute court order in Dallas on Wednesday blocking the 300-million-pound (C$480.7 million) sale to New England Sports Ventures — just as the Liverpool board was set to approve it.

 

Hicks and Gillett called the attempted sale an "epic swindle" that undervalues the storied Premier League club and said they were suing for $1.6 billion (C$2.6 billion) in damages. A court hearing in Dallas is set for Oct. 25.

 

Liverpool chairman Martin Broughton told Sky Sports News on Thursday that Hicks and Gillett are "trying every trick" to prevent the deal from going through.

 

On Wednesday, before the Texas court injunction was issued, High Court Judge Christopher Floyd ruled against Hicks and Gillett in their attempt to block the sale. Debts and liabilities resulting from their leveraged purchase of the club three years ago have grown to around 285 million pounds (C$456.6 million), which is owed to Royal Bank of Scotland and Wells Fargo by Friday.

 

The case will go back to Floyd on Thursday afternoon as the Liverpool board and RBS try to push the sale through.

 

Two others bids emerged this week — one from Singapore businessman Peter Lim and another from an American hedge fund Mill Financial. Wednesday's court hearing heard there was also a bid from FBR Capital Markets for between 375 and 400 million pounds (C$600.7 million to $640.8 million).

 

Lim, who originally matched the Boston offer, made an improved bid Tuesday of 320 million pounds (C$512.6 million) plus 40 million pounds (C$64.1 million) for player transfers.

 

If Liverpool's sale is delayed, the club could fail to meet Friday's deadline to repay its debts to RBS. If Liverpool is put into financial administration, a form of bankruptcy protection, the club would be docked nine points by the Premier League. However, it seems unlikely that RBS would take the club into administration at this point.

 

Liverpool, an 18-time English league champion, is currently mired in the relegation zone after its worst start to a league season since 1953.

 

John Henry, the financier who heads NESV, attended the hastily called board meeting in London on Wednesday night hoping to quickly complete the sale. However, he left through a back entrance to the law firm offices in the early morning hours, ignoring reporters' questions.

 

The Canadian Press: Battle for control of Liverpool returns to court after Texas judge halts sale

[WhiskeyJar]

Soccer-Home win predicted as Liverpool return to court

Reuters

 

Thu, 14 Oct 13:19:00 2010

 

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* Liverpool back in High Court following Texas ruling

 

The Liverpool takeover case will return to London's High Court on Thursday as the club's board seeks to overcome the restraining order against the sale obtained by the owners in a Texas district court.

 

Liverpool board members Martin Broughton, Ian Ayre and Christian Purslow on behalf of the club's chief creditor Royal Bank of Scotland (RBS) won a High Court ruling on Wednesday allowing them to go ahead with the 300 million pounds ($477.2 million) sale of the club to New England Sports Ventures (NESV).

 

However, current owners George Gillett and Tom Hicks, who lost the case, later gained a temporary restraining order on the sale in a Texas court.

 

A High Court spokesman in London said the case was listed to be heard on Thursday but it might not happen until late in the day.

 

Hicks and Gillett's lawsuit, approved late on Wednesday UK-time, claimed damages of $1.6 billion for what they described as the "epic swindle" of trying to sell the club at a knockdown price.

 

The restraining order, which stated that the club had been valued between $600 million and $1.03 billion, was based entirely on the allegations of Hicks and Gillett and set Oct. 25 as the limit for a full hearing on the matter in Texas.

 

British legal experts, however, considered it an unusual move and one unlikely to stand in the face of a legal response from RBS and the club.

 

'FAIRLY DESPERATE'

 

Graham Shear, a partner at Berwin Leighton Paisner, described the Texas ruling as a "fairly desperate bid by Hicks and Gillett to prevent the sale".

 

"It's a slightly bizarre occurrence and think it will disappear pretty quickly, probably within 24 hours," Shear told Reuters.

 

"I understand why a potential purchaser and RBS would be concerned about a U.S. court getting involved and will want it dealt with quickly.

 

Matt Taylor, a lawyer at Eversheds, told Reuters: "It is surprising that a Texan Court would have proper jurisdiction to interfere with either the corporate governance of an English company or with contracts which are likely to contain clauses granting exclusive jurisdiction to the English Courts.

 

"However, the board of Liverpool will not be able to complete the reported sale to NESV without being in breach of the temporary injunction granted and therefore will need to take urgent action to deal with this latest development.

 

"As well as seeking to overturn the temporary injunction itself, the board is likely to be seeking urgent legal advice on how to stop the Texan proceedings in their entirety ... possibly bringing an anti-suit injunction in the High Court seeking to enjoin the owners from continuing with legal action in Texas."

 

A London-based bankruptcy lawyer said: "RBS will probably have to fight this in Texas and persuade the Texas court that the venue should be the UK."

 

In Wednesday's High Court hearing the Judge ruled that Hicks and Gillett had been guilty of the "clearest possible breach" of corporate governance rules and did not grant the pair the right to appeal -- although they can still go to the Court of Appeal.

 

NESV maintained that they had a binding agreement to buy the club and said that the ruling made it unlikely that the club would have to go into administration and face the risk of being docked nine points.

 

Already struggling third-from last in the standings, Liverpool face city rivals Everton at Goodison Park in the Premier League on Sunday when their travails are certain to be the butt of the home fans songs.

 

Soccer-Home win predicted as Liverpool return to court - Yahoo! Eurosport

[WhiskeyJar]

Liverpool FC case back in High Court in London today

 

Oct 14 2010 By Luke Traynor

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High Court

 

High Court

 

THE continuing saga of the ownership of Liverpool Football Club was heard before the High Court this morning.

 

The English-based Anfield directors, along with the Royal Bank of Scotland and prospective buyers of the club New England Sports Ventures, were hit by a massive $1.6b law suit by Tom Hicks and George Gillett late last night.

 

The sale, agreed with the Boston consortium last night, was put on hold pending legal clarification of the temporary restraining roder.

 

This morning, the Judiciary confirmed to the ECHO the club's challenge against that court order, made in Texas, was heard briefly at the Royal Courts of Justice.

 

A further hearing will take place from 2pm today when Mr Justice Floyd will hear the application to overturn the lawsuit in full.

 

Liverpool Daily Post - Liverpool FC - Liverpool FC News - Liverpool FC case back in High Court in London today

[Silly season]

did you hear that on SSN???

 

they are saying that the high court could tell us to deal with it in america due to the fact nothing has changed here...

 

the injunction is american!

[WhiskeyJar]

So based on that our judge has the power to overturn it???

[WhiskeyJar]

did you hear that on SSN???

 

they are saying that the high court could tell us to deal with it in america due to the fact nothing has changed here...

 

the injunction is american!

 

Or he can overtun it completly man......we are going to have to wait for 15 minutes plus however long the court case takes....

[Silly season]

So based on that our judge has the power to overturn it???

 

the issue could be, nothing has changed in our system since his last ruling!

 

its an american issue he may just say, go to america and deal with their legal system!

 

Hicks shares havent been bought BUT what stops Mill lending Hicks the cash? then he walks away?

 

same deal just that hicks has his name on the forms so it doesnt have to go through the Prem/RBS/Board.

 

thats worrying

[WhiskeyJar]

1.48pm: In response to the 12.29pm quote from a Texas lawyer, Simon Just emails to say: "I'd be more frightened by an annoyed bunch of scousers any day than a restraining order issued in haste in Texas !!"

 

Along similar lines, The Wall Street Journal carried this piece a couple of weeks ago: "A Texas Tycoon Learns a Lesson: Don't Mess With Liverpudlians."

[Guest Numero Veinticinco]

did you hear that on SSN???

 

they are saying that the high court could tell us to deal with it in america due to the fact nothing has changed here...

 

the injunction is american!

 

As long as they have written undertakings that all court proceedings have to be under English jurisdiction, the judge should be able to say that it's not necessary to honour the Texan bullshit. If not and he refers it to the Texan court, they'll more than likely respect the original judgement and the written undertaking that English law has jurisdiction.

[Sangria]

You could not make this shit up. So 2pm here and 3pm in Texas, hope the costs are racking up on big fat head.

[Randy Marsh]

I never thought any man could come close to Kelvin McKenzie in the damage they've inflicted on this club, but this bastard is doing it.

 

He's like the turd in the bog that just won't flush. No matter how hard you try, no matter how many times you pull the fuckin chain, it's still sat there, lingering in the bottom of the pan giving off a shitty little whiff. That's Tom Hicks in a nutshell. The cunt just won't flush.

 

Just when you think he's gone for good, he pops up again with another little spanner to throw in to the works. Why can't he just do us all a favour and die? Please Tom, just fuckin die will you? I don't like saying that but I'm starting to think that the Grim Reaper is the only way that we will get rid of this cunt.

 

Surely this mickey mouse injunction from a red kneck cowboy court in Texas is no more than a final act of pure deseperation? I can't imagine how this will be allowed to actually stand up over here against the British legal system and a massive multi national company in RBS. I am praying that we'll be able to go in today and get this piece of shit stained bog roll ripped up to shreds and carry on with the sale.

[Kobayashi Maru]

Profile of Judge Jim Jordan...seems to come across as a fair man with old fashion values.

 

Liverpool takeover: who is Judge Jim Jordan? - Telegraph

 

Despite Liverpool chairman Martin Broughton and RBS winning their High Court case against Hicks and George Gillett, Judge Jordan accepted Liverpool’s owners’ application for an injunction (the full transcript of which can be read here), requiring Broughton to return to court today. But who is he?

 

Jordan, on the face of it, appears to be a man who believes in all American values of the family and fair play – he details the school record and work history of virtually all of his nearest and dearest on his own personal website.

 

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Hicks seeks to block Liverpool sale

 

He is currently running to become a member of the Texas Supreme Court, vowing to lead the court in to “a new era of public trust” in a recent advert pitching his case.

 

“The authority of the public depends on the confidence of the public. Without the confidence of the public, the orders and judgements we entered could be ignored,” he says, perhaps of interest to the public of north west England, who might wonder why they should have any confidence, of care for, a decision made in a minor court in south west America.

 

However, as one of Hicks' lawyers told the Daily Telegraph’s Paul Kelso: “Anyone ignoring a restraining order in Texas does so at their peril.”

 

One of Jordan’s concerns, that may find resonance with Liverpool supporters as the messy business of selling their club rumbles on, is that he might be denied a shot at higher office due to the greater financial and business support some of his rivals might be enjoying.

 

“Local pressure and special interest have no place in the court room,” observes a man who has had an application placed before his bench by a man who has a special interest in avoiding losing £140m and hails from Texas himself.

 

Why else, other than local knowledge, would Hicks chose a court in Dallas for his last, unedifying throw of the dice rather than Washington or New York? Or the Cayman Islands or Narnia for that matter?

 

There is nothing to suggest that Jordan is anything other than an honest man trying to do his job as he sees right, an unwitting participant in the travelling circus that is the ownership wrangle of Liverpool football club.

 

He has even given a suggestion that he has more understanding of the footballing landscape of Merseyside than Hicks and Gillett themselves, and an intention to play the impartial referee.

 

“A judge wears a black robe – not a blue or red one,” he wryly observes.

 

When elected to the 160th District Court in 2006, Jordan was serving his second term on the District 6A Grievance Committee. He will need to draw on that experience, you imagine, now that he has become involved in the continuing grievance of the district of L4.

[Manny]

I never thought any man could come close to Kelvin McKenzie in the damage they've inflicted on this club, but this bastard is doing it.

 

He's like the turd in the bog that just won't flush. No matter how hard you try, no matter how many times you pull the fuckin chain, it's still sat there, lingering in the bottom of the pan giving off a shitty little whiff. That's Tom Hicks in a nutshell. The cunt just won't flush.

 

Just when you think he's gone for good, he pops up again with another little spanner to throw in to the works. Why can't he just do us all a favour and die? Please Tom, just fuckin die will you? I don't like saying that but I'm starting to think that the Grim Reaper is the only way that we will get rid of this cunt.

 

Surely this mickey mouse injunction from a red kneck cowboy court in Texas is no more than a final act of pure deseperation? I can't imagine how this will be allowed to actually stand up over here against the British legal system and a massive multi national company in RBS. I am praying that we'll be able to go in today and get this piece of shit stained bog roll ripped up to shreds and carry on with the sale.

 

Stab him with a coat hanger, or the end of the toilet brush. It'll do the trick.