Wednesday, October 13, 2010

Liverpool Defeat Gillette And Hicks After Epic Battle

LIVERPOOL football club today
won their seismic court battle
against co-owners Tom Hicks
and George Gillett.
At around 10.45am today Mr
Justice Floyd ruled in favour of
the English members of the
Anfield board in a decision that
has massive implications for the
An application from the Royal
Bank of Scotland that Hicks and
Gillett illegally reconstituted the
board when they tried to remove
directors Christian Purslow and
Ian Ayre last Tuesday was upheld
amid triumphant scenes at the
High Court in London today.
The decision effectively
established the Americans
breached written undertakings
made in April that only chairman
Martin Broughton could
reconfigure the board.
Now the path appears clear for
the £300m sale of Liverpool to
New England Sports Ventures to
go through – as voted on a 3-2
majority one week ago.
But with the Boston sports
investment company seemingly
cooling on their bid recently –
and Singapore firm Meriton
upping their rival offer to £320m
- the future is far from clear.
It is not yet known whether
Hicks and Gillett have been
granted leave to appeal against
the decision
Today’s ruling however is the
first step towards pushing the
much maligned Americans to the
Anfield exit doors.

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