Key point remains - Hicks and Gillett breached contract with RBS

Interested in the result, but have nothing to really put forward for discussion, I haven't followed this closely.

35 mins til we get rebuttals. I'm so nervous still.

And broughton.

Martin Broughton said during the week, "This isn't just about Gillet and Hicks, or the RBS and Liverpool, this is about all Football."

Fuck this, I'm cracking a JD

every man united fan should take note with what's happened at liverpool, because it's probable that something similar will happen there in the next 3-4 years

It could happen, but I wouldn't say it is probable.

That said, I don't know a lot about it, besides the amount of debt.

Good summation:

1.45pm: I've just had a quick chat with Owen Gibson, grabbing some lunch down at court, he says the essence of the court case this morning:

RBS: it is an open and shut case, that Broughton is empowered to make the decision. H&G were wrong to try to sack the board members.

Hicks and Gillett: there are three rival offers on the table - NESV, Meriton (Lim) and Mill Financial - and the board should compare these rival offers. A decision should not be rushed because all these offers should be considered.

I've read into it quite alot and about Glazers own investments and business back state side, but it'l take way too long to write and i fucking tired as it is

Ding ding ding.

Time is up.

I expect RBS to make a few statements, and the verdict to come within the hour.

From LFC:
From my understanding of these Hicks counter claims:

1) The "cancelled meeting" with Mill and the "letter from Meriton" are irrelevant because they relate to last Thursday and Friday respectively. A binding agreement had been made to accept the NESV previous to that. To suggest that wasn't understood is ludicrous given the media coverage last week.

2) The talk about a lack of communication and analysis of the bids seems highly hypocritical. We were told that Hicks put the phone down on Broughton last week when discussing the NESV bid. We also know that higher bids than this have been made for the club during Hicks tenure, and rejected by him. GG and TH themselves also won ownership despite not being the most lucrative offer on the table back in 2007.

...

To add to this;
3. The offer accepted for 300m was smaller than no less than 4 rejected bids in the range of 350-480m from various parties in previous months which would have fallen under the same 'beneficial to the club' tag which Hicks and Gillet are trying to counter-claim with.

1.45pm: I've just had a quick chat with Owen Gibson, grabbing some lunch down at court, he says the essence of the court case this morning:

RBS: it is an open and shut case, that Broughton is empowered to make the decision. H&G were wrong to try to sack the board members.

Hicks and Gillett: there are three rival offers on the table - NESV, Meriton (Lim) and Mill Financial - and the board should compare these rival offers. A decision should not be rushed because all these offers should be considered.

I just cracked my seventh beer.

1.45pm: I've just had a quick chat with Owen Gibson, grabbing some lunch down at court, he says the essence of the court case this morning:

RBS: it is an open and shut case, that Broughton is empowered to make the decision. H&G were wrong to try to sack the board members.

Hicks and Gillett: there are three rival offers on the table - NESV, Meriton (Lim) and Mill Financial - and the board should compare these rival offers. A decision should not be rushed because all these offers should be considered.

skysports_bryan

@ #LIV hearing. Broughton just told me his message to #LIV fans - "keep the faith"

Come on MB! Chance to become a Kop hero here if this all works out.

A Chelsea Fan, a Kop Hero?.... GET IN THERE MB!... i've got two different playlists ready to go pending on the decision

You only need one if we win. YNWA, full blast.

or No Surprises - Radiohead if we lose

He hasn't given up, he has stuck it to these Cowboy bastards, which commands and demands respect.

Apparently a board meeting has been scheduled for this evening after the court case.

I've really liked MB, other fans may disagree, but just since the start of his tenure he's just came out tried to say it how it is (while trying to show some respect to G&H which was somewhat obligatory in his situation) and has been direct with the fans, chariman of BA and the british horse racing association sounded good enough for me

Could be for myriad of things. Not good or bad news imo

FUCK!... i just want to go to bed

At 1am I'm turning the comp off. I swear. :P

new thread title

2.15pm: Back to the High Court: G&H claim the board meeting last Tuesday broke down when they US owners refused to continue "after a conversation with the chairman during the adjournment". They claim that the remaining three directors, Broughton, Purslow and Ayre formed a 'sub committee' which then considered the bids and after discussions with RBS decided to go with NESV.

v2.18pm: From the court: H&G argue: "Resolution of the sub-committee is invalid because the English directors were in breach of the sales contract with RBS."

my two years doing legal studies have not helped me at all with these proceedings

Ok... Not trying to alarm you or anything.... but.... I'm slowly starting to worry.

2.18pm: From the court: H&G argue: "Resolution of the sub-committee is invalid because the English directors were in breach of the sales contract with RBS."