Thursday, 14 October 2010

now i am seriously baffled???!!!!

last time out i talked about the bizarre court case involving hicks, gillett, and the liverpool board in order to sort out the antics of the americans in relation to the unfair and now breach of contract confirmed sacking of board members.
the judge ruled that the chairman was singly responsible for the make up of the board as he was employed to be by hicks, gillett and the bank rbs.
this should have granted liverpool football club the freedom to sell the club and end the charade which has gone on far to long now......
or so we thought......this morning i wake and switch on the tv anticipating an announcement from the liverpool board confirming the new owners and all would have been well up in merseyside.....but true to form the crazy ass american clowns have now not only managed to get an order to prevent the sale of the club temporarily, but now have the bollocks to turn the tide and are in the process of suing rbs, the liverpool board for in excess of $1.6 billion yes BILLION for damages???!!!!
shocked? no.
dumbfounded? yes.
what IS going on? have i completely missed something here? all was so well and good and now not only will the debt not be paid in time i.e friday 15th oct, but now they are trying to sue on top of this??!! sorry to sound so harsh and no offence to americans but these to have surely lost the plot no??!!!
well as it happens, many people over here in the u.k were saying, how can a court in texas have juristdiction over the pond? answer is they dont. but what they do have is the power to stop any u.s company/consortium/individual from buying the club if they are  registered as trading in the u.s.
pretty clever, even for the pre-emptive yanks, the injunction however is only temporary so you think it is only a matter of time.
but it could be enough time to force the liverpool board to accept another offer from a non u.s company i.e peter lim, the singaporian business man with cash to burn?! is that what hicks and gillett want? truely they shouldnt have a choice but as two members of a 5 man board they do have a vote each, but against everyone else on the board, and everyone in the city of liverpool, and now alot of people around the world who just enjoy football and have liverpool as one of the great clubs.
it clear that hicks and gillett want to regain as much of their money as possible, and who wouldnt? but the fact is, when bought the club liverpool were concrete top four, in the champions league, two finals in 4 years, and were obviously alot more desirable to buyers and the price would have obviously been higher, now as the economic climate has had a worldwide down spiral everyone has felt the demise of something depreciate in value, which is exactly what the value of the club has done. what doesnt help their cause to get their money back is this, the club is now in the bottom 3, in europes 2nd competition, and in total disarray behind the scenes so there is no way someone will pay over the odds for something that at tops can only be worth 350million in todays market, taking on a debt which has grown considerably since they took to the helm.

these are worrying times for football, and with the biggest club in english history liverpool going through the mill, i can only see the worlds most famous club manchester united next on the chopping block of american greed

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