I don't think we'll see an outcome before 2am, imno. Possibly 3.

3.01pm: Lord Grabiner QC for the Liverpool board: If H&G have accepted they must sell the club and simply want it done in the right way (as they QC said they have) then why are they not merely claiming for damages instead of trying to hold on to a "unique asset" (ie Liverpool FC).

i dont understand this... imno explain

He is saying, if they want it sold, why are they prohibiting the sale! Very true point.

If they have a problem with the way the board has conducted itself, they can just claim damages for that, and not try to hold on to the club

probably the most logical thing iv heard tonight

I may not be imno, but what he's saying is; they know the club has to be sold and reportedly accept that, so why are they arguing against it instead of accepting it and suing the board for their losses.

3.08pm: In Hicks's letter/witness statement to the court he writes that during telephone meeting the board had at the start of last week (the one which broke down at adjournment), Hicks Jr was involved. Lord Grabiner questions why this happened as "Hicks Minor" is not on the board.

that fucking cunt

And Lord G finds the net with a rasping drive from the edge of the area :P

And Lord G finds the net AGAIN! Dribbled past Hicks like he was standing still, and slots into the corner, past the outstretched hand of Lim.

[youtube]bUzO3FmIpOc[/youtube]

lol...hicks minor.

He shouldn't have any idea what's going on in the board room.

Wrong Hicks Jr.

Still, Mack isn't on the board

Tension mounting-Lord Grabiner qc now speaking for LFC - says H&G guilty of "slippery behaviour"

It's very quiet.... Too quiet.

It's been fifteen minutes since we heard anything. We may be in deliberation now.

just where i feel at this current juncture during a lull in updates
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3.28pm: Lord Grabiner says correspondence between board and owner prove that H&G knew of the meeting on 5 October and instead they simply refused to turn up and not, as their QC says, that they were excluded from it by the "sub-committee".

Lord Grabiner describes the owners as "slippery" because they wanted a one week adjournment to that meeting knowing full well that NESV's deadline for their offer to expired on 5 October.

Also, Hicks had a lawyer, Bruce Toth, listening to that meeting via telephone as an observer, destroying their argument that they were excluded from that crucial meeting.

GET IN THERE G!!

In case you need clarification Doc:

Basically, saying that H&G knew about the meeting, so their whinging abuot being excluded is false, AND not only that, they had a rep listening in. Kind of self explnatory

im stupid, not illiterate ;)

That's the courtroom equivalent of an Alonsoesque 40 yard pass

YOU BET IT IS \:d/

Just making sure !

I lol'd.

Xabi Approved

3.43pm: While we wait for another court update, I'm being asked why Lord Grabiner is being allowed to speak for the board of the football club, given that this case is RBS v H&G. The short answer is that I don't know for certain and I will ask my colleagues when they come out of court. The slightly longer answer is that I suspect that the judge has decided that he cannot possibly rule on this without the input of the subject at the heart of the case. Whether this is a good sign for RBS/H&G/Liverpool is another of those million dollar questions...

Also, I am receiving a lot of emails and tweets from America. Thanks for those. There is clearly much interest among Red Sox fans/H&G doubters/Liverpudlians abroad/Scouse supporters etc etc. Thank you for all your messages. I'm sorry I'm having trouble responding to them all. Anyway, enough from me, you want to know what is going on in court

3.48pm: Back to court: Lord Grabiner on the "home team" claim: He says it was the name of the conference line used by the board to listen to bids via telephone during meetings. Bidders had their own line and it was to make sure thaty they couldn't accidentally hear each other.

Another fine response.

i have to be up in 5 hours

DR:Lord Grabiner's now been speaking for an hour. That's another £3k LFC have just spent on legal fees.

3.52pm: Broughton's QC says: 130 parties were approached by the board in regards to takeover. "It was a thorough and well thought through process".

He adds that the Meriton offer only came in once they seen the bid by NESV. Meriton's original bid was "significantly less" than NESV.

He also says that Mill Financial wanted exclusivity, which was prohibited under the rules of the RBS agreement.

Cmon... Make something interesting :p

3.52pm: Broughton's QC says: 130 parties were approached by the board in regards to takeover. "It was a thorough and well thought through process".

He adds that the Meriton offer only came in once they seen the bid by NESV. Meriton's original bid was "significantly less" than NESV.

He also says that Mill Financial wanted exclusivity, which was prohibited under the rules of the RBS agreement.


WHAM BAM THANK YOU MAM!

Pretty sure the courts close in 30mins... don't hold your breath for a verdict tonight.