fyds

Do you think he has a chance with Legal Aid?

That'll confuse 'Arry.

'Virgin Trains? Yes? - well, Croydon then please - second class, off-peak. No thanks...just a single. Change at Euston, I know,...*sniff* (sobs) 35 f*cking years of Malmo, bloody Neuchatel Xamax, Zafik Lwow and Fuham for this...THIS!'

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As you say, free from debt, Liverpool could be worth £6-800m - and with a new 70k stadium, and regular CL football

Absolutely - even sillier as Deloittes value was around £395m fairly recently.

I was always under the impression that regeneration of Breckfield, H&S law and the council's point blank refusal to grant us planning permission to do anything on the existing site was as much a factor in the move as anything. After all that's happened, I can't easily see them agreeing to stay put and redevelop.

Hicks is claiming we're undervalued at £300m, even though they are the only formal offers we have had - he values us between £6-800m which is currently absurd. As was said earlier - the club is only worth what someone will pay for it.

PL have already said we wouldn't be docked the points as the club itself is solvent.

He made the same kind of noises right up to the moment the Rangers were taken away from him too.

Yep - that was it - March (ish) 2009, I think.

Not any more I haven't - we went over this a year or more ago Mike. It failed on him big time. Ah! See below.

You could flip that and say with the same notice, RBS, the Board, Barcap and Slaughter and May have had equal time to not only insist on those articles but make sure they are water tight, even air tight. He is possibly going down this route as there is nowhere else left to go - the only other option being to grasp his ankles and grit his teeth.

You clearly don't know Anny Road then...or the 'Sankey Strangler' as he's known locally...

Right - now boohogs' arrived - I'm off fer me dinner

As RBS have a well funded, non-leveraged buyer they've seemingly been 'happy' with, I'm betting they would - and the PL have made their position clear too.

Do you get the feeling that even if the fat ballbag by some miracle of miracles found the money, he'd have difficulty reaching RBS? 'Hello, this is Stephen Hester' Mr Hester - Tom Hicks here' 'Tom Mix? The old cowboy?' Tom Hicks - Tom Hicks Liverpo- 'liberal who? - sorry - you're not making any sesne...' clunk.

English courts are not as 'draggable' in that respect as US ones - where start to finish from creditors getting involved it was 5 months - fast by their standards.

Where the f*** have you been!!! There you go - ta mate. Love the tweaked sig

Until a declaratory judgement is made no-one can though really.

The articles of association isn't really a worry - it should be added that the remaining shares in ( for the sake of arguement) 'the club' were converted into equity at the insistence of RBS at the time of the extension according to several reports - interesting move. Hicks (and Gillett) stand to get tanked here - nothing is going to stop that now unless the Judge is from Dallas, surely. - which makes the 'sweetner' idea you mention to ease the pain a possibility. He's tried refnancing for three years and got nowhere - the last attempt using the clubs assets as collateral was blocked by the independent board which would clearly seem to indicate Broughton definitely has binding covenants and undertakings on the advice of Slaughter and May. Remember, even Blackstone told Hicks it was 'bad economics' when he tried with them. Today of course, his own smaller side venture, Hicks Aquisitions II went the same way as Hicks Aquisitions I before the books were even opened - nowhere. Going on the remarkable co-timing between the board, NESV, RBS and the PL they knew who and what they were dealing with - I really don't think he did.

OK - got you now. Cross purposes, long day, heavy cold . Broughton has those assurances, you can bet your bum - at both his and the bank's insistence - the PL know this too as do NESV. It was set up as a cascade of holdcos and locations to avoid tax - it's what you'd expect. As long as Broughton has his covenants and articles lodged with RBS and BarCap as he says he has, it's all over for Hicks bar the walk to the barn with Messrs Smith and Wesson.

Just a bit!

I think this has all gone off on a bit of a tangent. Nash is a non voting director, he has nothing to do woth anything . Broughton is Chairman of Liverpool Football Club (and athletic grounds etc) and was not Chairman of Kop Football or Kop Holdings etc - he was brought in to conduct and carry through the sale of the club with the Independent voting board members, Ayre and Purslow. If the, sale goes through the Holdco's are effectively bankrupt and liquidised. They are not the items for sale. Which is why Broughton sought those covenants from Hicks and Gillett, secured with RBS and BarCap.

What exactly was voted on by the parent company? Broughton has been very clear that Hicks has 'flagrantly abused' the conditions and covenants involved with the sale. The original parent company - a misnomer by the way - only had Gillett and Hicks as mebers and directors. The Liverpool board members have never sat on it.