RBS vs Hicks: Court date confirmed

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LONDON, ENGLAND - AUGUST 06: A general view of the headquarters of The Royal Bank of Scotland in the City of London on August 6, 2010 in London, England. RBS, which is 84% owned by the taxpayer after receiving substantial financial bailouts during the recession, has posted half-yearly profits of 1.1 billion GBP. (Photo by Oli Scarff/Getty Images)

The High Court in London will hear the case of the Royal Bank of Scotland vs Tom Hicks and others after 10.30am on Tuesday, 12th October.

The bank is to tell the court that Liverpool Football Club owners Hicks and George Gillett made undertakings earlier this year which allowed chairman Martin Broughton the power to control the club’s board.

The RBS will argue that Hicks cannot remove Managing Director Christian Purslow and Commercial Director Ian Ayre from the board and therefore a £300million sale of the club to New England Sports Ventures must go ahead.

The RBS hope to resolve the matter as quickly as possible, in order to regain the full £280million owed to them by the club’s parent company, Kop Holdings. It is against RBS’ interests to put Kop Holdings into administration.

There will be several cases heard in Court 16 before RBS vs Hicks tomorrow before Mr Justice Flloyd.

A statement from RBS can be found here

A plea from Liverpool fan blog Empire of the Kop has urged fans heading down to London tomorrow to respect another court case at the courts – that of the inquiry into the July 7th terrorist attacks.

Head over to the forums to join fans in the latest discussions on the biggest week in the club’s future.

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