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Former Liverpool Owner Sued For Stealing Money From Baseball Team

Ex-Anfield supremo faces more time in court.

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Former Liverpool co-owner Tom Hicks is being sued by a group of former investors in the Texas Rangers for taking money out of the baseball franchise.

The American is accused of using the major league baseball club to enrich himself at the team’s expense while he was the owner.

Attorneys for the Rangers partnership in Dallas say Hicks ignored team needs and bought land for parking lots and roads to build “a real estate empire on the backs of the Texas Rangers’ players, creditors and fans”.

The lawsuit alleges the Rangers were left insolvent “without sufficient money to field a competitive baseball team”.

The Rangers emerged from bankruptcy last year with new ownership, which is not involved in the suit.

A spokeswoman for Hicks’ company called the allegations “absolutely untrue”.

Hicks and fellow American George Gillett bought Liverpool in 2007, but were forced to sell last year after the club amassed a huge amount of debt.

Hicks denied the club’s financial problems were too severe to solve and called the sale to New England Sports Ventures – owners of baseball’s Boston Red Sox – an “epic swindle”.

In February a High Court judge in London cleared the way for Hicks to pursue a damages claim in Britain.

But Mr Justice Floyd also dismissed attempts by Hicks’s lawyers to block claims by Martin Broughton, the former chairman of Liverpool, who is seeking damages against Hicks for his actions while owner.

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