Thursday, October 14, 2010

Mill Financial Own Liverpool, Threaten NESV Takeover

Liverpool's prolonged sale saga
took a dramatic twist this
morning after it emerged that
Mill Financial now effectively
own the club.
Last night current co-owner
Tom Hicks filed a restraining
order against the sale of the
Reds to New England Sports
Ventures (NESV), alleging that
their £300million buyout was
an "epic swindle" in addition to
filing a damages claim for Â
Mill Financial already own
George Gillett's shares in the
club after he defaulted on a Â
£75million loan last month but
by acquiring Hicks' stake, they
have the opportunity to pay off
the loan to the Royal Bank of
Scotland and end not only the
bank's involvement but also that
of NESV.
The repercussiosn will mean
that the high street giant have
no influence over the sale
process and effectively makes
the deal between the Anfield
board of directors and the
owners of the Boston Red Sox
null and void.
Both Liverpool and RBS are
heading to the High Court this
afternoon in a bid to have the
injunction by the Texas State
Courts overturned, however
should the US-based Hedge
Fund successfully win their case
for ownership, Gillett and Hicks
would not return to the club.

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