Texas Court Blocking Liverpool Sale as Hicks and Gillette try claim £1.6bn in damages

October 13, 2010 | Filed Under: Blog, UK Box 

Following the decision to side with the club over the argument over whether the board members acted within their right to provisionally accept a £300million offer for the club from the sports team investors, Hicks and Gillett have now dropped another bombshell on the toes of the club and any potential new owners, claiming that they are owed £1.6billion in losses between them.Hicks claims there was another bid on the table which was ignored for around £375 – 400 mill.

Now a court in Texas has joined into the saga, placing an order on proceedings to prevent the club from being sold tonight as the chairman and other board members intended to do.

See the Hicks & Gillett statement relating to Texas Court injunction Koptalk

Pdf copies of the order obtained by Tom Hicks and George Gillett to block the sale of Liverpool to NESV, and their original petition to the court Guardian

It seems that Liverpool could be in for a long battle here to be able to transfer the club into the ownership of another party and with November 1st the cut off date before the Royal Bank of Scotland take charge of the club as per their contract agreement after refinancing the club for Hicks and Gillett.

If the Royal Bank of Scotland seize control of the club on 1st November, the club will be labelled as being in administration, causing more issues for the club as well as seeing 9 points being deducted from their Premier League account.

This could do a massive u turn tonight because a texas court vs a London High court only one winner



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