American owners Tom Hicks and George Gillett lost their battle to retain control of Liverpool FC. Mr. Justice Floyd ruled today in favor of the Royal Bank of Scotland, stating that Liverpool clearly breached their agreement with RBS by attempting to rearrange the board of directors, thus interfering with the club’s sale. The possibility of an appeal has been ruled out.
Liverpool fans, celebrating the exit of the duo they worked so hard to oust, can look forward to the future and what change new ownership might bring to their team. Martin Broughton, chairman, declared that the board will be reconstituted by 8 p.m. tonight—that’s 3 p.m. Eastern—and host a meeting this evening to determine if new owners will come on board by tonight.
New England Sports Ventures, owners of the Boston Red Sox, are still favorites to assume ownership of Liverpool. However, Singapore businessman Peter Lim, believed to have offered a higher bid, is also in the running, as is American hedge fund Mill Financial.