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Sale looks to be on again, it transpires that Hicks and Gillet failed to tell the Texan court that they had already lost the first case in London earlier that day.
The offer from Lim is greater than the Red Soxs one ~ £320m. However there appears to be some agreement in place with NESV.
The quickest and simplest solution to this is for RBS to place Kop Holdings into administration tomorrow, take the 9pt hit and they should be free to sell to anyone they wish.
Why don't they sell to that fellow from the far east (is his name Paul Lim?) instead?
Very rich blokes (Chelsea, Man City, Birmingham, Fulham, even Wigan) seem to make better and more stable owners than so-called businesses (Man Utd, Liverpool, West Ham under the Icelanders).
Except Newcastle obviously.
The offer from Lim is greater than the Red Soxs one ~ £320m. However there appears to be some agreement in place with NESV.
The quickest and simplest solution to this is for RBS to place Kop Holdings into administration tomorrow, take the 9pt hit and they should be free to sell to anyone they wish.
Why don't they sell to that fellow from the far east (is his name Paul Lim?) instead?
Very rich blokes (Chelsea, Man City, Birmingham, Fulham, even Wigan) seem to make better and more stable owners than so-called businesses (Man Utd, Liverpool, West Ham under the Icelanders).
This has no bearing on the legality of the sale from a UK point of view, because a Texas court cannot enforce it in the UK
However, it might mean that the buyers (who are based in the US) would suddenly become liable for the "damages" in the US. This may cause them to pause for thought.
This has no bearing on the legality of the sale from a UK point of view, because a Texas court cannot enforce it in the UK
However, it might mean that the buyers (who are based in the US) would suddenly become liable for the "damages" in the US. This may cause them to pause for thought.
A Texas court has granted a temporary restraining order stopping the sale of Liverpool Football Club, owners Tom Hicks and George Gillett have claimed.
It comes hours after the American pair saw their challenge against the club's sale thrown out by the High Court.
Hicks and Gillett issued a statement as the Liverpool board met to ratify the sale to New England Sports Ventures.
The American duo described the proposed £300m sale as "an epic swindle" and are seeking more than £1bn in damages.
Hicks claims the injunction prevents Liverpool executing the sale of the club to NESV, with a hearing date of 25 October set.
The legal action in Texas - signed by Judge Jim Jordan of the 160th District Court in Dallas - is "part of a lawsuit filed against Royal Bank of Scotland (RBS), Martin Broughton, Christian Purslow, Ian Ayre, NESV and Philip Nash" read a statement.
"The lawsuit also seeks temporary and permanent injunctions, and damages totalling approximately $1.6 billion (more than £1 billion)."
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