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High Court Rules Against Tom Hicks And George Gillett

 High Court Rules Against Tom Hicks And George Gillett

Club Chairman Martin Broughton described himself as "elated" at the news.

The last few weeks have been nothing short of chaos on Merseyside. But today fans of Liverpool finally got the good news that the proposed takeover of the club by New England Sports Ventures has been given the green light.

There won’t even be an appeal by Tom Hicks and George Gillett and it does seem that the unpopular duo will be emptying their Anfield offices in the very near future, and could even be gone by the end of the week.

The news is such a bonus for Liverpool who have slipped away from the Premier League big-guns after Hicks and Gillett lumbered the club with a financial burden which meant they could not compete financially anymore.

This financial burden has now gone and Liverpool can concentrate on moving forward without the threat of a financial collapse or even administration. While NESV won’t come with massive funds for Roy Hodgson to spend, you have to feel that a more secure base can only be good for the likeable boss.

I think the important thing for Liverpool fans to remember is that this won’t be a process that will see them compete with the likes of Manchester City for the big name signings overnight, hopefully in the future it will allow them to close the gap.

We don’t really know a lot about the plans of NESV but given their track-record of proven success they will surely make the club a happier and more importantly a secure place.

UPDATE

The Liverpool board will now consider the offers on the table and decide on the best way to take the club forward. This could mean that the NESV takeover does not go through and the Singapore bid fronted by Peter Lim could still go through.

Which bid would be best for the club?

This entry was posted in General, Leagues: EPL. Bookmark the permalink.

9 Responses to High Court Rules Against Tom Hicks And George Gillett

  1. Marshy says:

    Great news. I’m not so sure Hodgson is the “likeable”. If you’d sat through the rubbish he serves up, you’d hate him!

  2. Earl Reed says:

    Are you sure that there can be any other bids at this point? The Board voted on NESV, accepted, and that sale is binding now that the Court set aside Hicks’ power play attempt. I don’t believe Lim is a factor at this point, unless NESV were to pull out (Which would make no sense at all).

  3. Yespage says:

    Note to self: See if Hicks and Gillette can be put on No-Fly-List and be denied entry back into the US. :^P

  4. dominjon says:

    I don’t believe H&G ever left the US. They did not appear in court, they have done everything via proxy.
    Just wanted to put a huge shoutout to Broughton, that man is a legend. Appointed by H&G because he was acceptable to RBS, and they figured this upper-class twit would never be able to deal with some Texas style business dealings. He out thought them, outmaneuvered them, used the media to perfection and then made sure Liverpool had the single best Lawyer in the country in Lord Grabiner.
    He worked the High Court Judge to perfection, deliberately mispronouncing Gillette’s name and referring to Hicks’ offspring as Hicks Minor. Wording everything perfectly for the High Court Judge (who are notoriously out of step with real life) to understand the contempt H&G are held in, and, cover your ears US readers, to push forward the general ‘not-Britishness’ of these two.
    Meanwhile H&G hired Peters & Peters, who are associated with big business accused of fraud. A fine legal firm, but immediately bringing the wrong impression to H&G. Another case of them being outplayed by Broughton.
    So NESV (who will end up with the club, all the “consider offers” thing is give H&G nothing to use for an appeal), your first step should be to make sure Broughton retains some position within the club. He has proven to be a man well worth having on your side.

  5. Kyle says:

    Why won’t they just piss off. I think the Premier League or whoever should prevent future buyers of clubs from buying them with loans, they should be required to actually have the money so clubs aren’t plunged into debt in the future. I don’t like how they are trying to take my club down with them.

  6. dominjon says:

    Why don’t the EPL and the FA just come out with a statement that they have reviewed the agreement between Liverpool and NESV and RBS, and they have approved it, and as such they would not impose any points penalty if the current owners use legal tactics to delay past the deadline.
    Taking away the bogeyman of 9 points would immediately render Hicks legal shufflings pointless. He knows Texas has no juristiction, he knows an evil conspiracy is an unworkable argument, he is just trying to delay and force the threat of adminsitration to try and get a better deal for himself. Rmove the 9 points, approve the deal and remind the world that they can turn down any buyers Hicks found should they wish.

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