Hicks Is Getting Ready to Take His $1.6 Billion Challenge of Liverpool FC Sale Back to Court

• Hicks & Gillett are very wealthy men. Their personal fortunes are ginormous. Had they opted to fund Liverpool [out of their own pockets] for a year or two, they most certainly would have found a more suitable buyer. Instead, Hicks & Gillett wanted to have their cake and eat it too, and Homie [Royal Bank of Scotland] don't play that game.

• HSG bought a business. It took out a loan to finance the purchase using the business as collateral. HSG defaulted on the loan. The lienholder gave HSG an extension of time to pay off the loan. HSG failed to make the payment required. The lienholder foreclosed on the collateral and sold such to pay off the HSG loan in default. If neither HSG or RBS was able to find a buyer for a higher value that shows that HSG is inflating the current value of the team. If HSG is upset their toy was seized then they shouldn't have borrowed the purchase price, shouldn't have borrowed against equity and then shouldn't have defaulted on the loan. HSG lost the business because they are really incompetent business people.

• If anyone can recognize a swindle, it's Hicks.

• I believe he would say this: He and Gillett had hoped to sell the team for upwards of $1 billion, but Liverpool's board, which had taken control of the sale process with the Royal Bank of Scotland demanding its debt payment, went and sold it for about a third of that to NESV. Hicks wanted his money. He did not get it and blames Broughton and Liverpool FC and NESV and the courts in England for undervaluing what he believes to be a significantly more valuable property. Hence, his decision to press ahead with legal action proving he was indeed short-sheeted at sale time. Or something like that.

• I wish someone would objectively sum up Hicks's position for me so I can understand where he's coming from. Getting Hicks's position from disgruntled Liverpool, Rangers, and Stars fans isn't particularly helpful. I want to understand how Hicks believes in his heart he has been wronged. I reject any statements of his position that rely on him being a complete idiot, which is most of them. If Hicks were to come here to sum up his position, what would he say?

• Please, please, please, please, please dear Lord Baby Jesus, lying there in your...your little ghost manger, lookin' at your Baby Einstein developmental...videos, learnin' 'bout shapes and colors..., we hope that you can use your baby Jesus powers to make this not screw up Hick's sale of the Stars. Amen.

TotalComments: 6