(WFI) Liverpool’s future is expected to be decided at a boardroom meeting this evening after a judge ruled against Liverpool’s owners, clearing the way for the board of directors to complete the club’s sale to the owners of the Boston Red Sox.
Justice Floyd ruled at London’s High Court that the club’s American co-owners Tom Hicks and George Gillett do not have the power to overrule their boardroom rivals who last week sanctioned the £300 million sale to the New England Sports Ventures [NESV] group.
Floyd dismissed Hicks and Gillett’s right to appeal, but contrary to reports in the British media, INSIDER understands that this may not be the end of the legal fight.
A legal expert told INSIDER that an oral appeal at the end of a hearing is almost always rejected, but that Hicks and Gillett still have the opportunity to make a written application to the Court of Appeal. That may be rejected out of hand, or it could be heard as early as tomorrow.
This evening, however, the board will meet to discuss the sale of Liverpool, with NESV favourites to win control of English football’s most successful club.
Today, club chairman Martin Broughton would not comment on reported offers from Singapore billionaire Peter Lim or the American Hedge Fund, Mill Financial, saying it would be “inappropriate” to prejudge the meeting.
Prospective owner John Henry posted his congratulations to Liverpool’s victorious directors and the bank RBS via his Twitter account.
“Well done Martin [Broughton], Christian [Purslow] & Ian [Ayre],” Henry wrote after the announcement. “Well done RBS. Well done supporters!”
New England Sports Ventures issued a statement this afternoon welcoming the High Court judgment, claiming it was “a huge step forward for Liverpool FC”.
“NESV has a binding agreement in place with the Board of Liverpool FC and we are looking forward to concluding the deal,” the statement said.
“We are ready to move quickly and help create the stability and certainty which the Club needs at this time. It is time to return the focus to the Club itself and performances on the pitch.”
Liverpool are currently in the EPL’s relegation zone, having suffered
their worst start to a season in more than fifty years. They face
Merseyside rivals Everton on Sunday in the city’s hotly anticipated
By INSIDER’s James Corbett
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