Texas “grants” restraining order against LFC sale

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Mr George Gillett and Tom Hicks Co Chairman share a joke before the start of the Match Liverpool 2008/09 Liverpool V Arsenal (4-4) 21/04/09 The Premier League Photo Robin Parker Fotosports International

A court in Texas, USA has granted a restraining order against the sale of Liverpool Football Club, according to Tom Hicks and George Gillett.

This horrible news comes just hours after joyous scenes outside the High Court in London, where the board of the club were granted the right to sell the club to the suitable buyer.

The injunction says is “part of a lawsuit filed against Royal Bank of Scotland (RBS), Martin Broughton, Christian Purslow, Ian Ayre, NESV and Philip Nash,” read a statement.

“The lawsuit also seeks temporary and permanent injunctions, and damages totalling approximately $1.6 billion (more than £1 billion).”

“The suit lays out the defendants’ “epic swindle” in which they conspired to devise and execute a scheme to sell LFC to NESV at a price they know to be hundreds of millions of dollars below true market value.”

Hicks and the rest of his bellends go onto say of today’s verdict in court, “The director defendants were acting merely as pawns of RBS, wholly abdicating the fiduciary responsibilities that they owed in the sale.

“RBS has been complicit in this scheme with the director defendants. For example, in letters from RBS to potential investors obtained just within the past few days, RBS has informed investors that it will approve of a deal only if there is “no economic return to equity” for Messrs. Hicks and Gillett.

“In furtherance of this grand conspiracy, on information and belief, RBS has improperly used its influence as the club’s creditor and as a worldwide banking leader to prevent any transaction that would permit Messrs. Hicks and Gillett to recover any of their initial investment in the club, much less share in the substantial appreciation in the value of Liverpool FC that their investments have created.”

However, a statement from Liverpool FC reads, “Following the successful conclusion of High Court proceedings today, the Boards of Directors of Kop Football and Kop Holdings met tonight and resolved to complete the sale of Liverpool FC to New England Sports Ventures.

“Regretably, Thomas Hicks and George Gillett have tonight obtained a Temporary Restraining Order from a Texas District Court against the independent directors, Royal Bank of Scotland PLC and NESV to prevent the transaction being completed.

“The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed.

“A further statement will be made in due course.”

NESV, Liverpool’s prospective buyers, have already filed a High Court case to define whether Hicks and Gillett have the right to sue.

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