LiverSTOOL

Just when things couldn’t get more complicated they did. The ongoing saga of Liverpool football club just took another interesting twist. A brief synopsis will bring us to the present on the current situation. Hicks/Gillette holding company (which owns the STOOL) defaults on their debt with RBS. RBS in turn allows them to refinance in the short term with certain convenants in place requiring the two clowns to sell the club by the time the debts come due again. Broughton is appointed to oversee the sale of the club. Two bids come in and the SAWX-ownership (NESV) has the winning bid. Hicks panics. Pulls an obviously illegal move given the aforementioned new covenants and tosses Broughton and Purslow (current GM of the team) from the board and plants his 20-something brat son along with his business partner (ahem mistress, but with no evidence of this) as members of the board to block the sale. Today the courts FINALLY ruled that this was not allowed. Sorry Tom. BUT just when things were looking to get wrapped up tomorrow, the second bidder a Singapore billionaire (net worth rumored at 1.6 bill), says he would like to rebid given the current circumstances and would pay more… Oh the plot thickens over on the Merseyside… All the while the courts will rule tomorrow on whether the sale can go through and the upcoming DARBY match at Goodison lies in the distance accompanied by possible administration and a 9 point deduction. Oh boy. If there was ever a time the club supporters don’t want to walk alone, it is now. - TheBish