Source: Liverpool_Echo
'You'll walk away humiliated’, Liverpool FC tell Tom Hicks & George Gillett
George Gillett and Tom Hicks 300[LNB]* More on the LFC takeover here[LNB]TOM Hicks and George Gillett will walk away 'humiliated' from their troubled Anfield tenure, Liverpool bosses warned today.[LNB]Reds chairman Martin Broughton and fellow English board members are bracing themselves for a fierce battle in London's High Court against the two Americans.[LNB]And that legal fight is likely to take place within the next five days, possibly even as early as this Friday.[LNB] Co-owners Hicks and Gillett are vehemently opposing the Liverpool FC board's decision to accept a £300m bid for the club from New England Sports Ventures (NESV), an American investment company which owns the Boston Red Sox baseball team.[LNB]But the English members on the Liverpool's board - Broughton, chief executive Christian Purslow and commercial director Ian Ayre - remain confident the process will be over, and the Reds will have unequivocal new owners, before the crucial Merseyside Derby in 11 days time.[LNB]With the Royal Bank of Scotland's October 15 deadline for Hicks and Gillett to pay back their £237m debts approaching, Liverpool FC chiefs insisted:[LNB]Even if the club loses the court case they believe RBS will call in the debt and immediately sell to NESV for £300m[LNB]A back up plan is primed and in place, currently confidential, if the Reds lose the pending legal tussle with Hicks and Gillett[LNB]Broughton would have been 'very happy' with the Asian offer, who were promising to meet a similar sale price, if that company had won the bidding process[LNB]the Boston sports company has no history of leveraged buy-outs, and carries 'no debt' within their company[LNB]If the Royal Bank of Scotland did call in the £237m debt, the bank could pursue the Americans for the remainder of the current sale price, around £63m, as they opposed the NESV sale.
