Anfield club in court over ownership battle.
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Liverpool’s High Court hearing into the proposed takeover of the club will begin on Tuesday morning.
The ownership issue that has dominated the headlines in the last week will reach a climax this week.
Her Majesty’s Court Service has confirmed that the latest episode in the club’s ownership battle will get under way on Tuesday morning at 10.30am.
Liverpool have agreed a sale to New England Sports Ventures, but the deal is being opposed by current co-owners Tom Hicks and George Gillett.
Hicks and Gillett dispute whether Reds chairman Martin Broughton had the power to accept the offer from NESV against their wishes.
The row centres on whether Liverpool’s board – chaired by City veteran Broughton – had the power to accept an offer from NESV.
However, Broughton insists he had the right to sell the club to NESV as Hicks and Gillett had signed agreements not to oppose the sale when they received an extension to their refinancing deal with Royal Bank of Scotland earlier this year.
The Premier League is understood to be ready to approve the sale and, if the NESV deal goes through, Hicks and Gillett stand to lose a total of £144million.
It is feared, however, if Hicks and Gillett win the High Court battle, that Liverpool could be placed into administration and docked nine points if RBS decide to call in the £237m acquisition debt owed, due for payment in full on Friday 15th October. (Sky Sports)
I am sure that supporters of any football club will be backing Liverpool in this case as they look to finally rid themselves of their current American owners and hope to find salvation with New England Sporting Ventures. A hell of a lot depends on the High Court ruling but the fact that the Premier League have okayed the sale should hold the Anfield club in good stead.