Thursday, October 14, 2010

Wayne Broughton, Decide Who owns Liverpool's New



LONDON - Liverpool's last little problem selling the club to find a bright spot, after the court ruled the board of directors Liverpool won the leadership of Martin Broughton and acquisitions over ownership of the club was against the current owners

, Tom Hicks and George Gillett. That way, directors are entitled to do the sale without the intervention of the owner.

"We're pleased the court clarified the issue about the composition of the board of directors and has cleared the uncertainty about the sales process. We will consult with our attorney and planning board meeting tonight. Further statement will be made afterwards," Liverpool said on their official website.

Actually, this problem began when the owner of Liverpool can not afford to pay the debt to RBS. They see themselves in debt to RBS, to buy Liverpool three years ago. Being unable to pay, Hicks and Gillett finally decided to sell the club and leave it to the directors buying and selling under the leadership of Martin Broughton. Liverpool Board of Directors consists of Martin Broughton, Ian Ayre, Christian Purslow, Hicks and Gillett. In addition to Hicks-Gillett, all agreed to sell the club.

On October 5, 2010, the board of directors gathered to decide the club ready to be sold, with the New England Sports Ventures (NESV) as a potential candidate.
However, the Hicks-Gillett prop up the plan with the state has changed the composition of the board of directors, namely Ayre and Purslow fired and replaced by Mack Hicks (Hicks child) and Lori Kay McCutcheon (vice president in the firm Hicks).

However, Broughton, Ayre, and Purslow against Hicks-Gillett. According to Broughton, the right to change the board of directors has only been in his hands and he did not want to make any changes.

Broughton then bring an action against Hicks-Gillett to court to obtain legal certainty that the directors are legally entitled to sell the club to new investors and by so doing, the finalization of the sale of the club to NESV delayed until the release of the court's decision.
But with the advent of the decision of the court, does not mean that directors ensure NESV pemilikbaru for the club would be Liverpool.

The reason, as long as the trial progresses, there is a businessman from Singapore who are also interested to invest and as the directors have not ratified the sale by NESV, there are opportunities for a change.

Regardless of who will be the owner, Broughton said the court decision has paved the way acquisition to anyone and the board of directors will select candidates strictly to get a new owner who is committed and credible.

"This will pave the way sales. We will have a meeting tonight directors and sales process," said Broughton.

"(Problem NESV) Directors must be reconstituted and I can not guess what will be the directors lakuka. It would be inappropriate to guess what the directors would say," he added.
Board of Directors is still composed himself Broughton, Ayre, Purslow, Hicks and Gillett. Even so, for Broughton, Ayre, and Purslow united, Hicks-Gillett could scuttle the sale of the club.

Meanwhile, RBS has set October 15 as the last day of payment. That way, burdened with the obligation of directors to complete the transaction, with no one, prior to that date, the incoming administration to prevent the possibility of Premier League, and get a penalty reduction of 9 points and certainly will lowered prestige of the club.

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