Liverpool board wins right to sell but another court battle looms
Updates at 0029 GMT, Thursday after Texas court injunction and Liverpool statement.
Liverpool were given the go-ahead to sell the club when a High Court judge backed the club’s board but another court battle could be on the cards after current co-owners Tom Hicks and George Gillett obtained an injunction in Texas to block the sale.
The High Court ruling on Wednesday morning suggested the agreed 300 million pound ($477.2 million) sale to New England Sports Ventures, the owners of the Boston Red Sox would go through and that feeling was strengthened at around 8pm when John Henry, owner of the Red Sox, arrived for a Liverpool FC board meeting.
However, there were more doubts raised a few hours later after Hicks said a Texas court had granted a temporary restraining order prohibiting the sale of the club to NESV.
Liverpool issued the following statement after the latest extraordinary twist:
“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.”
How easy that will be remains to be seen.
Most Liverpool fans seemed to be cautiously optimistic after the original ruling this morning. There will be relief among many if this does mean the current era is over, and hope that once the uncertainty is gone the team’s performances will pick up.
Things are not quite settled yet, however, and everyone’s judgement is going to be reserved. No one in Liverpool is in the mood to get fooled again.
PHOTO: The Chairman of Liverpool Football Club, Martin Broughton, arrives at the High Court in London October 13, 2010. REUTERS/Stefan Wermuth