Quote:
Originally Posted by Damien
|
Kop Holdings LLC owns the club and are an American company. So the court would have jurisdiction over them.
Also contrary to popular belief RBS do not own or run LFC. They own the debt. Kop Holdings LLC still own it until the bank moves to recover the debt (i.e. administration).
I don't have any love for H&G but I do wonder about RBS' motives here. They stipulate an 'independent' chairman as part of a refiancing deal and he just happens to agree a sale for the exact amount of the debt when others appear to offer more?