Hicks lifts restraining order, but to sell to Mill Financial

Posted by

It is 4:30am in Texas and the story took a new twist this morning with Tom Hicks lifting the restraining order.

Many Liverpool fans are very nervous about this latest move and fear that Hicks might be doing this because he has sold his shares to Mill Financial as it was rumoured yesterday.

The BBC in fact have also reported that Mill Financial would then be in a position to pay back the £237m loan to RBS today and retain control of the club.

This follows an earlier Tweet by John W Henry this morning vowing to fight the latest move by Hicks, Gillet & Mill Financial.

But have Mill Financial passed the fit and proper test by the EPL?

Follow me on Twitter for the latest.

www.twitter.com/empireofthekop

Y.N.W.A.

-Antoine

18 Comments

  1. Even if he has sold the shares to mill there are a number of issues to take into consideration. 1 Mill will be the new owners. If this were to be the case the board would need to have approved new ownership. 2. They would need to notify the FA, Premier League 10 days before and also pass there fit and proper test. 3) And finally the club has already been sold to NESV you can be sure there would be a legal case bought against hicks and gilly not to mention to Mill.

  2. Surely any sale to Mill would need Board and then Premier League approval? Which surely they would not get?

  3. surley this wouldnt be legal tho ??? the board has to approve a sale and surley broughton, purslow, and ayre would win that vote

  4. This is no good.

    Mill Financial is a corporate vulture….

    I am afraid all our stars will be sold and all assets will be stripped.

  5. This article is so misinformed in so many ways why also would Gillet be dragged into the high court if he no longer owned the shares.
    You do realise if the shares had been sold illegally they would face criminal prosecution.

  6. If hicks does this surely this puts him in contempt of court as the high court has ruled that the board has the right to sell the club not him. Bang him up he’s taking the piss out of the British justice system!

  7. wherever its Millhouse or nesv liverpool will always get blown out of the water by man city massive wealth in the transfer market

  8. This is all making me extremely nervous and I can see a situation arising today where RBS get £237m wired to them by both Mill Financial and NESV. Legally i’m not sure where RBS would stand with this. A repayment ahead of the deadline from the ‘existing owners’ versus a ‘board approved’ sale with all supporting documentation. It could all end up back in court next week. Mill Financial could surely lend the money to Hicks and Gillett to refinance RBS – a transfer of shares etc would then happen afterwards with the ‘fit and proper owners test’ etc.

    Of course we may all be reading far too much into this. If the restraining order/injunction was left in place at 4pm today then Hicks and Gillett would have been in contempt of court and technically (given the well known extradition treaty between the UK and the US) could be extradited to appear in court and potentially face a prison sentence. Now that in itself is a good reason i would have thought to drop the restraining order. Shame – as I would have quite liked to see them in front of a jury!

    My money is still on NESV. I just want to wake up on Sunday put on the TV and see John Henry in the Goodison Park directors box watching his first game as owner…

    YNWA

  9. Just to let you know the link to the echo were you claimed we might be going to court at 2pm is from yesterdays paper when all the rumours about Mill started.

  10. The league is refusing to let Mill Financial take the fit and proper test:

    http://news.bbc.co.uk/sport2/hi/football/teams/l/liverpool/9094283.stm

    I would hope that NESV now owns the club because the board can sell it quicker than H&G can get through the red tape with Mill.

    If anything, this chaos might result in one of these bastards going to prison. At this point I think someone should argue that Hicks and Gillett have broken the law or contracts so many times in the last week (trying to fire the board, going to court in Dallas, and selling shares to Mill allegedly) that RBS should find a way to refuse their payments and take the money from NESV.

    I am worried that there is not enough time for this to feel done before the derby. I think if Henry is in the director’s box things should be ok.

Comments are closed