Hicks and Gillett continue to seek Liverpool damages

29 September 2011 11:39
Liverpool's former owners Tom Hicks and George Gillett are still seeking damages from the club's present owners, former directors and the Royal Bank of Scotland.

.almost one year after New England Sports Ventures gained control of the Anfield club in the high court.

Hicks and Gillett lost control of Liverpool last October when NESV, now Fenway Sports Group, repaid a £237m loan the American businessmen had taken out with RBS and the US bank Wells Fargo. Hicks claimed he was the victim of an "epic swindle" but his appeal to have a $1bn damages claim heard in the US was dismissed at the high court in February.

Mr Justice Floyd's ruling, however, permitted Hicks to sue for damages in this country and Liverpool's former owners have served notice of their intention to proceed by filing papers to that effect. Hicks and Gillett are claiming hundreds of millions in damages from the RBS, NESV and former directors, believed to be Martin Broughton and Christian Purslow.

The Americans' latest legal challenge could take several months to come to court.


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