Monday, October 11, 2010

RBS Claim Injunction Against Gillette-Hicks

Royal Bank of Scotland
says it has obtained an interim
injunction preventing Liverpool
co-owners Tom Hicks and
George Gillett Jr. from firing
chairman Martin Broughton and
two other board members.
Hicks tried to remove managing
director Christian Purslow and
commercial director Ian Ayre
from Liverpool's board last week
when they sought to sanction a $
476 million sale of the club to the
owners of the Boston Red Sox.
RBS, which holds the bulk of
Liverpool's debt, is claiming
breach of contract. The bank said
Monday it obtained an interim
injunction before a hearing the
following day at London's High
Hicks and Gillett agreed to RBS'
demands in April to allow
Broughton to have control of the
sales process.

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