October 14, 2010
Star Sport


 

 

Liverpool board determined to complete sale

Liverpool fans protest against their American owners after losing to Blackpool. - AP

LONDON (AP):

The Liverpool board says it is "resolved to complete the sale" of the club to the owners of the Boston Red Sox after the current American owners obtained a temporary court injunction blocking the deal.

Co-owners Tom Hicks and George Gillett Jr announced the injunction by telephone to the three non-owning board members as they met to complete a sale to New England Sports Ventures.

Hicks and Gillett called the attempted sale an "epic swindle" that undervalues the club. They said they are suing the three British board members, the bank controlling the club's debt and NESV for $1.6 billion in damages.

The British board members call the move by Hicks and Gillett "unwarranted and damaging" and say they will move "as swiftly as possible" to have the court order removed.

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