- Owners move to block sale / Henry claims binding agreement
Mr Justice Floyd had given a ruling in London on Wednesday that meant the English directors of Liverpool could agree a £300million takeover by John W Henry's New England Sports Ventures.
But before the board could make any decision, Tom Hicks, one of the American owners, secured a temporary restraining order from a Texas court.
Mr Justice Floyd had totally rejected Mr Hicks and George Gillett's attempts to stand in the way of the sale in a ruling which should have left them helpless to intervene.
Both the Liverpool board and NESV believed a deal could be reached on Wednesday night but the last-ditch intervention by the American owners meant more court action is necessary.
The case will go before Mr Justice Floyd again on Thursday afternoon.
Source: PA