Thursday, October 14, 2010

CHALM DOWN, CHALM DOWN

Hicks and Gillett's tenure had seemed to be over after the High Court supported an action brought by Royal Bank of Scotland, the club's bankers, against the Americans, allowing the sale to proceed and prompting Steven Gerrard to welcome the change of regime.

" It is a fantchastic result liche", said the clubs captain on Wednesday afternoon. " Eeeeee , chredit needs to go to Christian [Purslow], eh, Ian [Ayre] and eh, the chairman [Martin Broughton] who have workched sooo hchard on this ya know."

" I know how eh, frustrated the fans have been with err, what has been going on liche and I chaan understand their feeling ya knows. But we have all suffered in this liche, espechially the supporters, and err, now it is time for us all liche to pull together and help move the chlub forward."

NOT SO FAST OUR STEVIE ............

LIVERPOOL FC have vowed to fight the 'unwarranted and damaging' restraining order filed by Tom Hicks and George Gillett which seems to have stopped the sale of the club going through.

The American owners filed a temporary restraining order, signed by Judge Jim Jordan of the 160th District Court in Dallas, against Royal Bank of Scotland (RBS), Martin Broughton, Christian Purslow, Ian Ayre, NESV and Philip Nash.

The lawsuit also seeks temporary and permanent injunctions, and damages totalling approximately $1.6 billion (over £1 billion), before a hearing on October 25. Go to page two to see the order in full.

It comes after RBS and Liverpool FC won a historic High Court judgement this morning, which seemed to clear the way for the sale to go ahead, and as the club's reconstituted board was meeting in the London offices of Slaughter and May, their legal representatives. John W Henry, the man in charge of prospective owners New England Sports Ventures, was in attendance.

In a statement after news of the order broke, Liverpool FC said the board had resolved to complete the sale of Liverpool FC to New England Sports Ventures.

"Regrettably, Thomas Hicks and George Gillett have tonight obtained a Temporary Restraining Order from a Texas District Court against the independent directors, Royal Bank of Scotland PLC and NESV to prevent the transaction being completed.

"The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed. A further statement will be made in due course."

The suit lays out what Hicks and Gillett describe as an "epic swindle" which they say priced the club below its market value, and also ignored rival offers of between £350-400million and £375-400million. They also accuse LFC's British board members of being 'pawns' of RBS.

News of the restraining order led to a furious reaction from Liverpool FC fans across the social networking site Twitter, while Judge Jordan's Facebook page was also bombarded with messages criticising his actions.

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