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The Official Club Football 2014-2015 thread

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Liverpool could face points loss

 

Liverpool are likely to face a nine-point deduction if parent company Kop Holdings goes into administration.

 

League rules say a deduction can be applied if a parent company insolvency is caused by the club's management.

 

Sources suggest Liverpool will struggle to argue the running of the football club by owners Tom Hicks and George Gillett had not affected Kop Holdings.

 

Liverpool could enter administration if a sale to the owners of the Boston Red Sox is not completed by 15 October.

 

If Hicks and Gillett manage to block a £300m takeover of the club by New England Sports Ventures (NESV), their holding company could be put into administration by the Royal Bank of Scotland as a result of their £280m debts.

 

The Premier League board, which comprises chief executive Richard Scudmore, chairman Sir Dave Richards and secretary Mike Foster, would then decide whether to dock points.

 

Liverpool are already in the bottom three of the Premier League after a dismal start to the season, amassing only six points from their opening seven games.

 

Initially, it was thought the Reds would avoid a points penalty but the club now faces the very real possibility of a deduction if a sale to NESV is delayed.

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9074311.stm

 

It truly is an absolutely disgusting situation to be in. Ownership like that should never ever be allowed to happen again. Who would have thought it when David Moores sold the club he loved. Or should I say he "loved". I'm angry at him for having allowed it to happen in 2007. Either he sold us out for his own personal gain or he was simply a mindless idiot who didn't know any better. And now, today we've got a Chelsea fan as chairman of the board. A man who has had more knowledge of how to run a football club than any of the idiots who have come and gone in the last few years. I thank you Martin Broughton for your professionalism and intelligence. Sadly you're the only man who any Liverpool fan can thank and believe me that feeling is mutual amongst all Liverpool fans.

It truly is an absolutely disgusting situation to be in. Ownership like that should never ever be allowed to happen again. Who would have thought it when David Moores sold the club he loved. Or sohuld I say 'he loved'. I'm angry at him for having allowed it to happen in 2007. Either he sold us out for his own personal gain or he was simply a mindless idiot who didn't know any better. And now, today we've got a Chelsea fan as chairman of the board. A man who has had more knowledge of how to run a football club than any of the idiots who have come and gone in the last few years. I thank you Martin Broughton for your professionalism and intelligence. Sadly you're the only man who any Liverpool fan can thank and believe me that feeling is mutual amongst all Liverpool fans.

 

Yes, it's a very sad situation indeed. Just goes to show that football clubs need to be extremely careful who they "get into bed with". Hopefully lessons will be learned from this.

It truly is an absolutely disgusting situation to be in. Ownership like that should never ever be allowed to happen again. Who would have thought it when David Moores sold the club he loved. Or should I say he "loved". I'm angry at him for having allowed it to happen in 2007. Either he sold us out for his own personal gain or he was simply a mindless idiot who didn't know any better. And now, today we've got a Chelsea fan as chairman of the board. A man who has had more knowledge of how to run a football club than any of the idiots who have come and gone in the last few years. I thank you Martin Broughton for your professionalism and intelligence. Sadly you're the only man who any Liverpool fan can thank and believe me that feeling is mutual amongst all Liverpool fans.

 

At least Moores didn't sell it to an Arab whom has no money and managed to take away quite a lot of money from transfer fees :inquisitive:

Increase in young football hooligans, say police

 

http://www.bbc.co.uk/news/uk-11473191

 

Senior police are warning over the possible emergence of a new generation of football hooligans after incidents involving young people almost trebled.

 

Association of Chief Police Officers figures seen by BBC Radio 5 live show there were 103 incidents last season, up from 38 in 2007.

Increase in young football hooligans, say police

 

http://www.bbc.co.uk/news/uk-11473191

 

Senior police are warning over the possible emergence of a new generation of football hooligans after incidents involving young people almost trebled.

 

Association of Chief Police Officers figures seen by BBC Radio 5 live show there were 103 incidents last season, up from 38 in 2007.

 

Hoodiegans?:rolleyes:

Hoodiegans?:rolleyes:

 

chavigans...

Help! How do you cancel an eBay bid? I bid on a mickey mouse outfit for Sammy and now I'm 6 minutes away from owning Liverpool Football Club!

 

:lol:

Increase in young football hooligans, say police

 

http://www.bbc.co.uk/news/uk-11473191

 

Senior police are warning over the possible emergence of a new generation of football hooligans after incidents involving young people almost trebled.

 

Association of Chief Police Officers figures seen by BBC Radio 5 live show there were 103 incidents last season, up from 38 in 2007.

 

And 100 of those incidents were at the Saints/Pompey FA Cup match :P

Help! How do you cancel an eBay bid? I bid on a mickey mouse outfit for Sammy and now I'm 6 minutes away from owning Liverpool Football Club!

 

:lol:

 

:lol:

the first task for the chilean miners after their release is to visit analfield in order to advise woooy hodgson on how to get out of a fucking big hole before christmas!!

I don't know what's worse, being left to focus on international football or reading all these jokes while nothings happening in the league.

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Liverpool await High Court ruling

 

A High Court ruling on the future ownership of Liverpool Football Club is set to be announced by Mr Justice Floyd at 1030 BST on Wednesday.

 

The judge will make his decision having heard arguments from both sides at a packed court 16 on Tuesday. Royal Bank of Scotland (RBS), the club's major creditor, is trying to force a sale that owners Tom Hicks and George Gillett are objecting to. The American duo bought the club in 2007 but owe RBS £240m.

 

Hicks and Gillett are blocking the £300m sale to New England Sports Ventures (NESV), saying it undervalues the club. Philip Snowden QC for RBS said at the hearing Hicks and Gillett were in "breach of contract" and guilty of "breathtaking arrogance".

 

It was also argued in court by the legal team of Hicks and Gillett that the deadline for refinancing or repaying the £240m debt is not Friday, 15 October but Monday, 1 November. There were fears that, if the deadline was this Friday, RBS - which is 70% owned by the British public - could take control of Liverpool and place the club's holding company into administration.

 

That would almost certainly result in a nine-point penalty and might prompt NESV to walk away from the deal - leaving the club and RBS with no potential buyers.

 

As Tuesday's hearing got under way on a day of drama, BBC News revealed rival bidder, Singapore business tycoon Peter Lim, had increased his offer to £320m in cash for the club and its liabilities, plus pledging £40m for players. Mr Lim, whose previous bid for Liverpool was rejected in favour of New England's, has an estimated net worth of $1.6bn (£1bn), according to Forbes magazine. His interest in English football stems from his ownership of several Manchester United themed bars in Asia - which have persuaded him that there is huge global potential for making money from top-flight English football.

 

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9080946.stm

Liverpool FC might be in the hands of a Man United fan this time next week. It would be like, say, Man City plastering the Arabic word for "United" all over their merchandise. Imagine if that happened!

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Liverpool owners lose case in High Court

 

Tom Hicks and George Gillett have failed in their High Court attempt to wrest back control of Liverpool.

 

The unpopular American co-owners had tried to oust the boardroom rivals that had sanctioned the sale of the club to New England Sports Ventures (NESV).

 

But Mr Justice Floyd ruled they did not have the power to do so. The decision means the sale to NESV can proceed, although club chairman Martin Broughton hinted rival bids may now be considered at a meeting on Wednesday.

 

"I am absolutely elated, it's a very important day for our club," said Broughton as he left the Royal Courts of Justice in London. This will clear the way for the sale, we will have a board meeting this evening and proceed with the sale. "It has been an anxious time but we have been confident. But when you go to court you can never be sure."

 

Regarding the sale to NESV, Broughton added: "The board has to be reconstituted and I can't prejudge what the board is going to say. It would be inappropriate to prejudge what the board may say. "But the club's going to have a great future. We will re-establish the right basis for the club. The acquisition debt that has been plaguing us will be gone, we have a great future. We will get the right owners for the fans."

 

John W Henry, who heads the NESV consortium, celebrated the High Court verdict through his Twitter account and praised Broughton managing director Christian Purslow and commercial director Ian Ayre. Henry wrote: "Well done Martin, Christian & Ian. Well done RBS. Well done supporters!"

 

NESV is thought to be offering about £300m for the club, enough to pay back the £240m of loans and £40m of fees owed to Royal Bank of Scotland. Its bid has been accepted in principle by the club. But in recent days another bid has materialised, with Singapore billionaire Peter Lim offering £320m in cash for the club and its liabilities. He is also offering to provide £40m in cash to buy players. It also emerged on Tuesday that American hedge fund Mill Financial has put in a bid that also pledges to wipe out Liverpool's debts and would provide up to £100m to fund a new stadium.

 

Mill Financial technically controls Gillett's 50% stake after he defaulted on the loan used by the American to fund his part of the leveraged takeover in 2007. It is up to Broughton and his fellow board members to decide which bid to run with now they have won their High Court tussle.

 

Hicks and Gillett had wanted an injunction to halt the sale negotiations but Mr Justice Floyd rejected the applications. "I am not prepared to grant any relief," he said. "If I did it would risk stopping the sale and purchase agreement going ahead."

 

He added that it would be "inappropriate in the circumstances" for him to grant Hicks and Gillett the right to appeal and they would have to apply to the Court of Appeal for permission. Keith Oliver, a solicitor acting for Hicks and Gillett, said: "We are obviously disappointed with the judge's decision. Mr Hicks and Mr Gillett will now be considering their next steps, and that will include whether to make an application to the Court of Appeal."

 

There were chaotic scenes outside the courts in central London, with more than 100 Liverpool fans mobbed Broughton, singing: "We love you, Martin, we do."

 

Security guards tried and failed to move the crowd blocking the entrance as they broke into the Liverpool anthem You'll Never Walk Alone. On Tuesday, the judge heard how Hicks had tried to block the sale to NESV last week by removing Purslow and Ayre from the board.

 

He had then installed his son, Mack, and business associate Lori McCutcheon so he would have control of voting on the board. But this was in breach of agreements the Americans had signed with the bank when RBS extended its credit facilities.

 

The RBS loan facility ends on Friday and the bank had applied to the court for the injunction to allow the sale to go ahead and recoup its money. Liverpool said in a statement: "We are delighted that the court has clarified the issue of board composition and has removed the uncertainty around the sale process.

 

"We will now be consulting with our lawyers and planning for a board meeting tonight. A further statement will be made in due course."

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9080946.stm

_49403604_hicks_gillett_466x282_getty.jpg

 

Liverpool owners lose case in High Court

 

Tom Hicks and George Gillett have failed in their High Court attempt to wrest back control of Liverpool.

 

The unpopular American co-owners had tried to oust the boardroom rivals that had sanctioned the sale of the club to New England Sports Ventures (NESV).

 

But Mr Justice Floyd ruled they did not have the power to do so. The decision means the sale to NESV can proceed, although club chairman Martin Broughton hinted rival bids may now be considered at a meeting on Wednesday.

 

"I am absolutely elated, it's a very important day for our club," said Broughton as he left the Royal Courts of Justice in London. This will clear the way for the sale, we will have a board meeting this evening and proceed with the sale. "It has been an anxious time but we have been confident. But when you go to court you can never be sure."

 

Regarding the sale to NESV, Broughton added: "The board has to be reconstituted and I can't prejudge what the board is going to say. It would be inappropriate to prejudge what the board may say. "But the club's going to have a great future. We will re-establish the right basis for the club. The acquisition debt that has been plaguing us will be gone, we have a great future. We will get the right owners for the fans."

 

John W Henry, who heads the NESV consortium, celebrated the High Court verdict through his Twitter account and praised Broughton managing director Christian Purslow and commercial director Ian Ayre. Henry wrote: "Well done Martin, Christian & Ian. Well done RBS. Well done supporters!"

 

NESV is thought to be offering about £300m for the club, enough to pay back the £240m of loans and £40m of fees owed to Royal Bank of Scotland. Its bid has been accepted in principle by the club. But in recent days another bid has materialised, with Singapore billionaire Peter Lim offering £320m in cash for the club and its liabilities. He is also offering to provide £40m in cash to buy players. It also emerged on Tuesday that American hedge fund Mill Financial has put in a bid that also pledges to wipe out Liverpool's debts and would provide up to £100m to fund a new stadium.

 

Mill Financial technically controls Gillett's 50% stake after he defaulted on the loan used by the American to fund his part of the leveraged takeover in 2007. It is up to Broughton and his fellow board members to decide which bid to run with now they have won their High Court tussle.

 

Hicks and Gillett had wanted an injunction to halt the sale negotiations but Mr Justice Floyd rejected the applications. "I am not prepared to grant any relief," he said. "If I did it would risk stopping the sale and purchase agreement going ahead."

 

He added that it would be "inappropriate in the circumstances" for him to grant Hicks and Gillett the right to appeal and they would have to apply to the Court of Appeal for permission. Keith Oliver, a solicitor acting for Hicks and Gillett, said: "We are obviously disappointed with the judge's decision. Mr Hicks and Mr Gillett will now be considering their next steps, and that will include whether to make an application to the Court of Appeal."

 

There were chaotic scenes outside the courts in central London, with more than 100 Liverpool fans mobbed Broughton, singing: "We love you, Martin, we do."

 

Security guards tried and failed to move the crowd blocking the entrance as they broke into the Liverpool anthem You'll Never Walk Alone. On Tuesday, the judge heard how Hicks had tried to block the sale to NESV last week by removing Purslow and Ayre from the board.

 

He had then installed his son, Mack, and business associate Lori McCutcheon so he would have control of voting on the board. But this was in breach of agreements the Americans had signed with the bank when RBS extended its credit facilities.

 

The RBS loan facility ends on Friday and the bank had applied to the court for the injunction to allow the sale to go ahead and recoup its money. Liverpool said in a statement: "We are delighted that the court has clarified the issue of board composition and has removed the uncertainty around the sale process.

 

"We will now be consulting with our lawyers and planning for a board meeting tonight. A further statement will be made in due course."

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9080946.stm

 

Fantastic news. Now they can set about recovering themselves on the field. 3 and a half years of incompetent unable rule is over it seems. An embarassment for Liverpool and an embarassment for English football. Ownership like that should never be allowed to happen again.

Fantastic news. Now they can set about recovering themselves on the field. 3 and a half years of incompetent unable rule is over it seems. An embarassment for Liverpool and an embarassment for English football. Ownership like that should never be allowed to happen again.

 

It may be out of the frying pan yet.

It may be out of the frying pan yet.

 

How? I can't see it. If NESV buy the club then that is that. RBS want their money back and NESV are prepared to give it to them. Can I seriously see the board accepting the offer from that Singapore billionaire who's credentials are highly questionable? No.

 

There's a chance RBS and NESV could have that lifted by tomorrow.

 

 

It is very desperate, undignified stuff now from Hicks and Gillett.

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Liverpool sale 'blocked by injunction'

 

Hicks and Gillett described the proposed sale as "an epic swindle"

 

Texas court has granted a temporary restraining order stopping the sale of Liverpool Football Club, owners Tom Hicks and George Gillett have claimed.

 

It comes hours after the American pair saw their challenge against the club's sale thrown out by the High Court.

 

Hicks and Gillett issued a statement as the Liverpool board met to ratify the sale to New England Sports Ventures.

 

In reply, the board vowed to "move as swiftly as possible to seek to have it [the restraining order] removed".

 

The club's statement continued: "Following the successful conclusion of High Court proceedings, the board of directors of Kop Football and Kop Holdings met and resolved to complete the sale of Liverpool FC to New England Sports Ventures.

 

"Regrettably, Thomas Hicks and George Gillett 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.

 

http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/9080946.stm

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