American owners of Liverpool FC, Tom Hicks and George Gillett, are in the limelight today for attempting to block the £300m of the club to New England Sports Ventures (NESV), the owners of the Boston Red Sox. The Royal Bank of Scotland, to whom Hicks and Gillett owe £240m, brought the club to court in an attempt to force the sale.
The duo insist that the £300m offer undervalues the club. Although the sum would clear Liverpool of their debt, it would leave Hicks and Gillett with a loss of £144m. In an attempt to block the deal, the two tried to remove two board members and replace them with others who would vote against NESV. However, the RSB asserts that only Liverpool’s independent chairman, Martin Broughton, has the authority to make changes to the board.
To further complicate matters, Singapore billionaire Peter Lim has offered £320m for Liverpool, plus an additional £40m to allow the club to buy players.