- Premier League
Liverpool to remove 'unwarranted' restraining order
Liverpool have issued a statement outlining their intention to remove a Texas court's restraining order to block the sale of the club to New England Sports Ventures.
John W Henry arrived at the offices of the club's lawyers, Slaughter and May, on Wednesday night to try to complete his £300 million takeover, but Tom Hicks and George Gillett were able to secure a temporary restraining order minutes before it could be sealed. The duo are also claiming over £1 billion in damages.
Henry said he was "pretty confident" of completing the takeover upon his arrival, with the Royal Bank of Scotland having been given High Court backing earlier in the day to prevent Hicks and Gillett making changes to the board.
The duo predictably sought a further legal response, however, with Hicks and Gillett describing the sale as an "epic swindle" in which the so-called 'home team' on the Liverpool board - Martin Broughton, Christian Purslow and Ian Ayre - refused to listen to offers that would have been preferable to the co-owners.
There is some debate over whether a Texan court has jurisdiction over the sale of a club in England, and the action has been described as "unwarranted" by Liverpool.
A club statement on Wednesday read: "Following the successful conclusion of High Court proceedings today, the boards of directors of Kop Football and Kop Holdings met tonight and resolved to complete the sale of Liverpool FC to New England Sports Ventures.
"Regrettably, Thomas Hicks and George Gillett have tonight obtained a temporary restraining order from a Texas district court against the independent directors, Royal Bank of Scotland PLC and NESV to prevent the transaction being completed.
"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.
"A further statement will be made in due course."
© ESPN Sports Media Ltd.
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Premier League 2020/21
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|---|---|---|---|---|---|---|---|
| 1 | Man City | 38 | 27 | 5 | 6 | +51 | 86 |
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