skip to content

11

Liverpool Football Club

  • Nickname:Reds
  • Founded:1892
  • Manager:Brendan Rodgers
  • Ground:Anfield
  • Capacity:45362
Next Game: 20-Apr-2014 12:00
Liverpool

VS

Norwich City
Full match preview
Last Game: 13-Apr-2014 13:37
Liverpool3

VS

Manchester City2
Full match report

Liverpool owners lose High Court case

13 Oct 2010 - 11:07:10

The High Court has paved the way for the sale of Liverpool Football Club by ruling against current co-owners Tom Hicks and George Gillett.

The decision by Judge Christopher Floyd to side with major creditor the Royal Bank of Scotland brings the sale of the club to the owners of the Boston Red Sox a major step closer.

Last week the board of the Anfield club, led by independent chairman Martin Broughton, agreed a £300million sale with their parent company, New England Sports Ventures (NESV).

Hicks and Gillett challenged the agreement in the courts after claiming the deal undervalued the club.

However, the High Court ruling has given NESV the green light to complete their takeover of a club which finds itself around £230million in debt following the American duo's unpopular three-and-a-half year reign.

NESV has agreed to pay off the debt owed to RBS and has pledged to rebuild the ailing club.


Related Liverpool News

Add Your Comment

Return to top

*All fields required, your email address will be kept private