Liverpool ownership battle judgement expected on Wednesday
By Nick Harris
12 October 2010
A ruling on whether Martin Broughton and his "independent" Liverpool board colleagues were entitled to agree a sale of the club last week to New England Sports Ventures is expected tomorrow by Mr Justice Floyd following a day of High Court twists and turns in London.
A blow-by-blow account of events as they unfolded today can be seen over at The Guardian link here. (In a development that attests once more to the power of social networking, numerous journalists were filing frequent updates by Twitter as the hearing progressed.)
The day's essential developments were:
RBS and Liverpool's QCs argued Broughton was within his rights to sell the club to NESV.
Tom Hicks and George Gillett's QC said "Ok, sort of, but you didn't get the best price".
It was confirmed that Peter Lim was one alternative bidder. (Lim lobbed another variable into the pot with an updated bid earlier today. This bid includes a public promise of a £40m January transfer kitty, surely evidence in itself that Lim has much to learn about running a sports club. See Carson Yeung for previous example of the stupidity of the £40m January promise.)
It was also revealed Mill Financial, who now effectively own George Gillett's chunk of Liverpool, bid for the club, or rather wanted to bid, claiming £100m "starter funds" towards a new stadium as part of the deal.
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