[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
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
In Brussels, NGO staff are being trained to fill the shortfall of field workers in West Africa.
Lawsuit by 6-year-old girl, locked up for a year, reignites debate over indefinite detention of 'boat people'.
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Citizens of the tiny African nation say they're increasingly anxious of the fallout after alleged coup.
A humanitarian crisis and a budget crisis converge in the heart of the human smuggling corridor in Texas.
join our mailing list