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Old 14th October 2010, 07:20 PM   #1 (permalink)
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Mill Financial buy Hicks & Gillett’s shares in LFC

Mill Financial have purchased Tom Hicks and George Gillett’s shares in Liverpool Football Club, according to reports.

This massive news means Mill Financial now have the opportunity to pay off the debts to the Royal Bank of Scotland, or strike a refinancing deal, taking away RBS’ power.

Mill Financial are an American hedge fund company – which already owned 50% of Gillett’s share – are said to have put in a similar offer for the club to that of NESV.

The Liverpool Echo explain the situation better than us:

"
It is being claimed the American based Hedge Fund has acquired all of Tom Hicks’ shares to go along with those of George Gillett, which it already owned.

It is further claimed that if they repay all outstanding loans to RBS before the set deadline, they will by default become the new owners of LFC, nudging out New England Sports Ventures.

However the Echo understands the move would not signal Hicks and Gillett returning to ascendancy in the battle for the Reds.

Instead it is believed Mill Financial, in turn owned by Springfield Financial who have links with the Washington Redskins American Football team, may be acting on behalf of another, as yet unnamed and unknown group who have put themselves in a position to move in at the 11th hour and take over the club.
"

Liverpool and the Royal Bank of Scotland will return to the High Court in London this afternoon to try and overturn Tom Hicks’ injunction preventing the sale of the club to New England Sports Ventures. The hearing is set for 2pm.

We think this news means Hicks and Gillett are gone from the club for good – but expect more twists in this story.


I dont know if this is true..But right now,its start to confuse me by bit..

Source:http://www.thisisanfield.com/2010/10...shares-in-lfc/

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Last edited by kenji_ray; 14th October 2010 at 07:20 PM.
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Old 14th October 2010, 07:21 PM   #2 (permalink)
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Re: Mill Financial buy Hicks & Gillett’s shares in LFC

This is turning out to be quite the drama, really.

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