The "Breathtaking Arrogance" of Tom Hicks
Hicks insists there are better offers out there -- and perhaps that's true, given this morning's news that a man named Peter Lim is prepared to Singapore sling an additional £20 Liverpool's way. Meanwhile, the Royal Bank of Scotland just wants its money back; hence the first of two court proceedings this week under way today. That's where our headline comes from: Said RBS attorney Richard Snowden, Hicks's attempt to shove the board overboard reeked of "breathtaking arrogance."
Paul Girolami, Hicks's rep, says the anvil-headed Texas billionaire doesn't want to keep the team at all; rather, he insists, Hicks's problem "is that the board did not properly enter into the NESV agreement in that the directors did not properly consider alternative offers and so it is they who are in breach of the terms of the sale agreement with RBS." He also said some other stuff. Hicks and George Gillett owe RBS £200m. It's due Friday.