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THERE IS ONLY ONE ONANDI LOWE!
"Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.
"It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes. -
Really? I say survival is the best unuh can pray for.Originally posted by X View Post
Liverpool could face points deduction
By Dan Roan
BBC sports news correspondent
Liverpool are likely to face a nine-point deduction if parent company Kop Holdings goes into administration. League rules say a deduction can be applied if a parent company insolvency is caused by the club's management.
Sources suggest owners Tom Hicks and George Gillett would struggle to argue that the running of the football club has not affected the holding company.
Liverpool could enter administration if a sale to the owners of the Boston Red Sox is not completed by 15 October.
If Hicks and Gillett manage to block a £300m takeover of the club by New England Sports Ventures (NESV), their holding company could be put into administration by the Royal Bank of Scotland as a result of their £280m debts.
The Premier League board, which comprises chief executive Richard Scudmore, chairman Sir Dave Richards and secretary Mike Foster, would then decide whether to dock points.
Liverpool are already in the bottom three of the Premier League after a dismal start to the season, amassing just six points from their opening seven games.
Initially, it was thought the Reds would avoid a points penalty but the club now faces the very real possibility of a deduction if a sale to NESV is delayed.
Gregz
Liverpool's fate rests on the outcome of a declaratory judgement in the High Court next week over whether the club can be sold to NESV despite the objection of the club's owners.
An appeal is likely regardless of the High Court ruling, with no outcome likely before the 15 October refinancing deadline set by RBS, the club's major creditor.
RBS will have the choice to waive their demand for repayment until the legal dispute is finalised, or call in the debt and place the parent company into administration.
Portsmouth became the first Premier League club to enter administration earlier this year and automatically received a nine-point reduction, condemning them to relegation.
In a similar case, West Ham avoided a penalty when their holding company went into administration last year.
That is because the London club was just one of several interests in the portfolio of Straumur, the Icelandic bank.
Meanwhile, John W Henry and the other directors of NESV are expected to pass the league's new 'owners and directors' test, making official approval of the takeover a formality."Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)
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