All the conflicting reports at the moment regarding the future of Liverpool Football Club’s ownership can make for confusing reading. But nevertheless, today and the next few days are the biggest in our football club’s future.
What we do know is that a court case will be heard in London’s high court on the Strand at some point after 10.30am this morning.
The case will be heard by Mr Justice Flloyd and is the Royal Bank of Scotland vs Tom Hicks and others.
The bank will try to convince the court that Hicks and Gillett acted illegally when they attempted to block the £300million sale of the club to New England Sports Ventures by removing Managing Director Christian Purslow and Commercial Director Ian Ayre from the board of directors.
Hicks – now seemingly going it alone without George Gillett – believes NESV’s bid for the club undervalues it substantially.
RBS are keen to come to a resolution quickly and unpainfully, with £240million of loans owed to them by the club’s holding company – Kop Holdings.
Club chairman Martin Broughton is claiming Hicks and Gillett made written undertakings as part of the deal to both bring him to the club and the last deal with the RBS that only he could make boardroom changes.
It was also revealed yesterday that Hicks and Gillett have been in default since April – meaning RBS could have effectively put the club into administration at any point.
On Friday, RBS won an injunction against Hicks and Gillett removing Broughton from the club’s board.
So today’s court case could be adjourned in a matter of moments, with bigger action between the club and Hicks taking place later in the week. Or, a monumental decision could be reached.