VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Liverpool's former owner given chance to sue RBS

Thu 17th Feb 2011 | Legal

Tom Hicks, Liverpool Football Club’s former co-owner has been granted permission to launch a legal claim against the Royal Bank of Scotland, but only if they do so within the EU.

Hicks is now set to make a claim against the bank for losses incurred during the sale of Liverpool in October 2010 after orders barring action in the US were varied by a High Court judge in London.

The varied anti-suit injunction will now allow Hicks to make applications in the US in support of any proceedings in the UK as long as he gives seven days notice to the parties he is suing.

Hicks believed he was the victim of an 'epic swindle' when the club was sold against his wishes to New England Sports Ventures for £300m.

However Liverpool have expressed their satisfaction with the court's decision. "Last week a further hearing took place as part of the ongoing litigation following the successful sale of the club in Oct 2010 to NESV,” read a statement released by the club.

"We are delighted that Mr Justice Floyd has granted the applications requested by Sir Martin Broughton, RBS and NESV and that the anti-suit injunction prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified.

"Sir Martin, RBS and NESV continue to maintain that there is no basis to challenge the propriety or validity of any actions by them or any of those involved on their behalf in the sale of the club.

"They will continue to take all steps necessary to defend vigorously any litigation threatened or commenced by the club's former owners."

 

RETURN TO LATEST NEWS SECTION

 

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

 

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Legal Comment: Football’s Deep Filled Problem With Gambling

Fri 24th Feb 2017 | Legal

On 20 February 2016, the FA Cup fixture between Sutton United and Arsenal turned into a media frenzy and one to remember, for all the wrong reasons. Laura McCallum, solicitor at Harper Macleod...

Manchester City Charged Over Anti-Doping Rule Breaches

Thu 12th Jan 2017 | Legal

The Football Association (The FA) have charged Manchester City for failing to ensure anti-doping officials knew where players were for drugs testing. Manchester City have been charged for failing to...

Hitchin Town Player Sacked For Abusive Tweets

Wed 4th Jan 2017 | Legal

Alfie Barker has been sacked by Hitchin Town and is under investigation by the Football Association after vile messages from his Twitter account were sent to AFC Bournemouth and Republic of Ireland...

CAS Reduces Transfer Sanctions On Real Madrid

Tue 20th Dec 2016 | Legal

Real Madrid will have sanctions imposed on them by FIFA for breaches of rules regarding the transfer of minors reduced. The Court of Arbitration for Sport (CAS) partially upheld the appeal of the...