Thursday, October 14, 2010

Liverpool owners block sale

Liverpool supporters protest outside the High Court in London where a hearing to rule on the legality of the sale of Liverpool Football Club to New England Sports Ventures (NESV) is taking place. -- PHOTO: AP

LONDON - LIVERPOOL'S American owners have blocked the sale of the English football giants to the owners of baseball's Boston Red Sox with a temporary restraining order granted by a US court, their lawyers said.

Tom Hicks and George Gillett revealed the move late on Wednesday just hours after the High Court in Britain ruled against the American duo and in favour of Liverpool's board.

The board has agreed to sell the club to Red Sox owners, New England Sports Ventures (NESV), but Mr Hicks and Mr Gillett contested the proposed deal through the courts in Britain.

Their defeat appeared to pave the way for Liverpool's board to press ahead with the sale - but the Texas court's decision to grant the restraining order dashed hopes of a swift conclusion to the saga.

News of the injunction emerged as Liverpool's directors were meeting with NESV chief John Henry in London amid expectations a deal was to be announced.

Liverpool's board blasted the restraining order and insisted they were 'resolved to complete the sale.' NESV has tabled a 300-million-pound (S$620.5 million) bid for the club. 'The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed,' said the board in a statement. -- AFP

No comments: