Hicks trying to sell up to Mill Financial

15 October 2010 10:07
This is Tom Hicks' latest, and possibly last, attempt to scupper the sale of Liverpool Football Club to NESV. The Texan co-owner is trying to sell his remaining shares in the club to the hedge fund Mill Financial, which already owns George Gillett's 50%. Mill Financial would then be in a position to pay back the £237m loan to RBS today and retain control of the club. Hicks imposed a restraining order in a Dallas court to prevent the club being sold to NESV. That court case was adjourned overnight and will restart at 1pm on Friday. But John Henry, who owns NESV, has signed a legally binding agreement to buy the club and is determined to do so. "We're nearly there," said chairman Martin Broughton on Thursday night. "We've still got to take away the restraining order. "Mr Henry is very committed. My guess is we'll have it done but we've got to get rid of this order first." Follow us on Twitter           Join our Facebook Page           Chat on the Forum

Source: FOOTYMAD