Former Anfield owners sue Royal Bank of Scotland and club directors in damages claim.
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Former Liverpool owners Tom Hicks and George Gillett are pursuing a $1.6billion (£993.2million) damages claim, as they refuse to leave quietly.
They are seeking damages for what they claim to be a “giant swindle” after they forced to sell the Anfield club to New England Sports Ventures (NESV).
Hicks is claiming the ‘Bristish establishment’ conspired to sell Liverpool for half of what it is worth to John Henry, owner of NESV.
The claim is against the Royal Bank of Scotland (RBS) and the clubs three directors at the time – Martin Broughton, Christian Purslow and Ian Ayre – as they approved the $476million (£300million) sale to NESV. The club itself should not be affected.
The two Americans contest whether the three directors have the power to approve the sale of the club.
Hicks and Gillett were forced to sell the club last year after struggling to repay debts to RBS from their 2007 takeover of Liverpool. The Americans want damages for the losses they incurred due to the NESV buyout.
In October, Hicks and Gillett withdrew a temporary restraining order, obtained in Texas, blocking the sale to avoid being declared in contempt of the London court.
“There is no settled decision by us to sue in England or abroad,” Paul Girolami, representing Hicks and Gillett, told London’s High Court on Wednesday.
RBS, which held the bulk of Liverpool’s debt, and former chairman Martin Broughton are counter-suing to stop Hicks and Gillett from the pursuit of damages.
Information from ESPN