Hicks and Gillett win right to sue...but only in the UK
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Hicks to file for damages
Ex-Liverpool Owner Wins Right To Seek Damages Share Comments (10)
Liverpool FC's former co-owner, Texan Tom Hicks, has won the right to start pursuing massive damages claims over the sale of the club.
US businessman Tom Hicks, together with George Gillett, bought Liverpool in 2007
Mr Hicks believes he was the victim of an "epic swindle" when Liverpool was sold against his wishes to New England Sports Ventures (NESV) for £300m.
He and his former partner George Gillett have been seeking to make a claim against their creditor RBS following the takeover.
The sale went ahead in October after a High Court judge ruled that Tom Hicks could not take action in the Texas courts to halt the deal.
Mr Hicks applied to the same judge last week to lift the anti-suit orders.
That application was dismissed, but Mr Justice Floyd changed the injunction to allow Mr Hicks to make applications in the US in support of any UK action if he gives seven days notice to the parties he is suing.
Sports lawyer Richard Cramer said the start of any legal action by Mr Hicks was not likely to cause any day-to-day disruption to the running of the club.
"Liverpool have been striving for stability on and off the field, and now for the first time in a long time they have stability off the field," he told Sky News.
"What it will do is mean the dirty linen that hovered over the club during the Hicks and Gillett era will now be aired and the true extent of the turmoil will be revealed."
Liverpool was laoded with debt following the takeover by Mr Hicks and Mr Gillett
In his ruling, Mr Justice Floyd said the sale of Liverpool came about because of Mr Hicks and Mr Gillett's indebtedness.
As the repayment date for the loan approached, then chairman Sir Martin Broughton arranged a board meeting to consider two offers, both of which were opposed by the former owners, and went on to accept the offer from NESV.
The judge said the former owners then sought a temporary restraining order in Texas "expressly aimed at stopping the sale".
It was then that he said he allowed an injunction to prevent litigation in the US "on the basis of what appeared to me to be the unconscionable conduct of the former owners in seeking to undermine the English proceedings".
Buyers NESV are headed by sports tycoon John W Henry, who is credited with turning around the performance of baseball team the Boston Red Sox.
Ex-Liverpool Owner Wins Right To Seek Damages Share Comments (10)
Liverpool FC's former co-owner, Texan Tom Hicks, has won the right to start pursuing massive damages claims over the sale of the club.
US businessman Tom Hicks, together with George Gillett, bought Liverpool in 2007
Mr Hicks believes he was the victim of an "epic swindle" when Liverpool was sold against his wishes to New England Sports Ventures (NESV) for £300m.
He and his former partner George Gillett have been seeking to make a claim against their creditor RBS following the takeover.
The sale went ahead in October after a High Court judge ruled that Tom Hicks could not take action in the Texas courts to halt the deal.
Mr Hicks applied to the same judge last week to lift the anti-suit orders.
That application was dismissed, but Mr Justice Floyd changed the injunction to allow Mr Hicks to make applications in the US in support of any UK action if he gives seven days notice to the parties he is suing.
Sports lawyer Richard Cramer said the start of any legal action by Mr Hicks was not likely to cause any day-to-day disruption to the running of the club.
"Liverpool have been striving for stability on and off the field, and now for the first time in a long time they have stability off the field," he told Sky News.
"What it will do is mean the dirty linen that hovered over the club during the Hicks and Gillett era will now be aired and the true extent of the turmoil will be revealed."
Liverpool was laoded with debt following the takeover by Mr Hicks and Mr Gillett
In his ruling, Mr Justice Floyd said the sale of Liverpool came about because of Mr Hicks and Mr Gillett's indebtedness.
As the repayment date for the loan approached, then chairman Sir Martin Broughton arranged a board meeting to consider two offers, both of which were opposed by the former owners, and went on to accept the offer from NESV.
The judge said the former owners then sought a temporary restraining order in Texas "expressly aimed at stopping the sale".
It was then that he said he allowed an injunction to prevent litigation in the US "on the basis of what appeared to me to be the unconscionable conduct of the former owners in seeking to undermine the English proceedings".
Buyers NESV are headed by sports tycoon John W Henry, who is credited with turning around the performance of baseball team the Boston Red Sox.
I hope he wins, and hits those two cowpokes with a massive order for costs at the end of it.
I feel confident that SIR Broughton will have a strong case towards the two fucking morons.
I'm sure (a) his lawyers are top-notch and (b) think the same as you, or he wouldn't have done this.
BTW it's Sir Martin. We wouldn't ever say "Sir [+ surname]".
BTW it's Sir Martin. We wouldn't ever say "Sir [+ surname]".
Hmmm is that so?? I have defo to few friends in high places.. 🙂
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