Macfarlanes advises latest bidder for Liverpool FC
Macfarlanes has been handed the mandate to act for the latest bidder to throw his hat into the ring in the battle for control of Liverpool Football Club.
The firm is acting for Singapore tycoon Peter Lim on what is reported to be an improved offer for the troubled Premier League club. Lim is also being advised by Singapore firm WongPartnership.
Last week, the Liverpool board accepted a £300m bid from New England Sport Ventures (NESV), the group that owns US baseball franchise the Boston Red Sox.
Shearman & Sterling European managing partner Creighton Condon is advising the US bidders and Weil Gotshal & Manges London head Mike Francies is acting for current owners Tom Hicks and George Gillett, while the club turned to Slaughter and May corporate partner Nigel Boardman (6 October 2010).
The new bid could affect today’s High Court hearing in which Hicks and Gillett are challenging the NESV bid, claiming that it undervalues the club (11 October 2010).
Slaughters has instructed One Essex Court silk Lord Grabiner QC on behalf of the club. Liverpool chairman Martin Broughton is using separate counsel in the shape of Monckton Chambers’ Paul Harris, instructed by Couchman Harrington partner Satish Khandke, while Serle Court’s Philip Marshall QC will respond to company law issues.
On behalf of Hicks and Gillett, Peters & Peters partners Jonathan Tickner and Keith Oliver have instructed Maitland Chambers silk Paul Girolami QC.
Readers' comments (9)
PETER MAYNE | 12-Oct-2010 12:10 pm
John Moores must be turning in his grave all because his greedy offsprings wanted money they did not earn. His daughter Lady Grantchester should have intervened years ago. What did a woman of her age want all those billions for. The Moores are to blame for this fiasco.
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kingsley | 12-Oct-2010 1:05 pm
Liverpool is a big club and should not be purchased so easily like that. i believe in Liverpool and i have hope that what happened last season and what is happening this season we will achieve something.
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Anonymous | 12-Oct-2010 1:10 pm
lots of speculation going around, too much talk but little action - lets see what happens on friday !
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Terry Walters | 12-Oct-2010 2:57 pm
How is it that a great club like Liverpool can get into this mess. David Moores clearly did not do his homework when he sold the club to the yanks!
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Anonymous | 12-Oct-2010 3:28 pm
This is why football clubs should not be treated as businesses. It's football. There are no guarantees of success no matter how much you 'plan' out the future. It's all down to results which can NEVER be guaranteed. If they could, no one would care. So all these so called business men who keep buying clubs and pooring in money which cannot be repaid will inevitably end up running the club into the ground.
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Richard Lewis | 12-Oct-2010 10:02 pm
On what basis exactly IS Liverpool a big club. Liverpool WAS a big club 20 years ago
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daboy | 14-Oct-2010 10:05 am
Lewis use your brains son little clubs dont and never will win champions league finals.
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Anonymous | 15-Oct-2010 3:59 am
Next on the plate is Man Utd
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Antix | 15-Oct-2010 4:19 am
@ R Lewis, get your hand off it mate. Lliverpool are one of the most followed clubs in the world. 5 champions league titles ,and still are the most succesful club in England, even though we havent one the league in 20 years. Stop being a hater.
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