LFC – High court rules in favour of Royal Bank of Scotland
Published:Mr Justice Floyd has ruled that Martin Broughton has the right to decide Liverpool’s future, paving the way for the Liverpool takeover to go through.
Royal Bank of Scotland have been trying to force through the sale of Liverpool football club, but Tom Hicks and George Gillett have been reluctant to sell as they feel the offer from New England Sports Ventures undervalues the club.
The key issue that Mr Justice Floyd had to resolve was whether Liverpool chairman Martin Broughton had the authority to sell Liverpool against the wishes of Liverpool’s American owners.
The ruling went in Broughton’s favour and he will now be able to start the process to sell Liverpool football club after Mr Justice Floyd said he would do nothing to prevent the sale of the club.
But NESV may request a declaratory judgement, which would decide whether Tom Hicks and George Gillett can still influence the sale of the club, and a preliminary date has been set for Thursday October 21st.
Liverpool are set to avoid administration and a points penalty if a takeover agreement with NESV can be put in place, but Peter Lim’s improved offer is still in play despite Broughton and NESV having a binding deal.
A reconstituted board that includes Hicks and Gillett will hold a meeting this evening as they discuss both the bids that have been put forward by NESV and Singapore billionaire Peter Lim.
The news will come as a huge relief to Liverpool fans as the club looks to move forward in a positive vein.
The Merseyside derby on Sunday has never been so crucial to both clubs as they languish at the wrong end of the Premier League table, and the optimism that will now surround Liverpool may be the edge that they need to win at Goodison Park – Liverpool are 2/1 to beat Everton.
Everton are 7/5 favourites to win the game and move three points clear of their closest rivals.
Liverpool are 5/1 to finish in the top four. See the latest Barclays Premier League football betting odds market here.
