Boston Red Sox Buy Liverpool: Hicks And Gillett Lose In Court; Club Can Be Sold

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.

X
Log In Sign Up

forgot?
Log In Sign Up

Forgot password?

We'll email you a reset link.

If you signed up using a 3rd party account like Facebook or Twitter, please login with it instead.

Forgot password?

Try another email?

Almost done,

By becoming a registered user, you are also agreeing to our Terms and confirming that you have read our Privacy Policy.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Join SBNation.com

You must be a member of SBNation.com to participate.

We have our own Community Guidelines at SBNation.com. You should read them.

Spinner.vc97ec6e

Authenticating

Great!

Choose an available username to complete sign up.

In order to provide our users with a better overall experience, we ask for more information from Facebook when using it to login so that we can learn more about our audience and provide you with the best possible experience. We do not store specific user data and the sharing of it is not required to login with Facebook.