[QODLink]
Football
Hicks wins Liverpool court battle
Former Reds owner wins right to seek damages over what he called 'illegal' sale of the Premier League club.
Last Modified: 17 Feb 2011 15:02 GMT
Former owners Hicks and Gillett called the sale of Liverpool 'an extraordinary swindle' [GALLO/GETTY]

Tom Hicks, the former owner of Liverpool Football Club, has won his legal battle to seek damages over the sale of the English Premier League club.
 
Hicks and fellow American George Gillett pledged last year to use all legal means to secure damages of at least $1.6 billion over the contested sale of the club to John W. Henry's New England Sports Ventures – owners of the Boston Red Sox – for $483.8 million.

Hicks and Gillett called the sale "illegal" and "an extraordinary swindle" but the board went ahead and sold the five-times European champions last October, with the blessing of major creditor Royal Bank of Scotland (RBS).

Hicks and Gillett said they had offered to pay outstanding debt to the RBS but that attempt was rejected.

Hicks had sought to lift court orders which had prevented him taking action in his home state of Texas to halt the deal in which he claims he lost $226 million.

A High Court judge dismissed that application but amended the terms to allow Hicks to make applications in the US in support of any proceedings in this country if he gives seven days notice to the parties he is suing, the Press Association news agency reported.

RBS said it was "satisfied with the ruling."

The bank had been concerned that the main legal jurisdiction for the claims could shift from Britain to the United States.

Source:
Agencies
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
An innovative rehabilitation programme offers Danish fighters in Syria an escape route and help without prosecution.
Street tension between radical Muslims and Holland's hard right rises, as Islamic State anxiety grows.
Take an immersive look at the challenges facing the war-torn country as US troops begin their withdrawal.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Featured
Spirits are high in Scotland's 'Whisky Capital of the World' with one distillery thirsty for independence.
President Poroshenko arrives in Washington on Thursday with money and military aid on his mind, analysts say.
Early players in private medicine often focused on volume over quality, turning many Chinese off for-profit care.
Al Jazeera asked people across Scotland what they think about the prospect of splitting from the United Kingdom.
Blogger critical of a lack of government transparency faces defamation lawsuit from Prime Minister Lee Hsien Loong.
join our mailing list