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Reds sold but former owners refuse to go quietly

2010-10-16 158 Dailymotion

<p><br /> Liverpool were finally sold to New England Sports Ventures but the threat of legal action from former owners Tom Hicks and George Gillett remains.<br /> </p><p><br /> The now-departed two Americans withdrew their £1billion lawsuit, claiming an "epic swindle" and lodged in Dallas, at the behest of the High Court.<br /> </p><p><br /> However, they are currently consulting with counsel over a plan to return to the Royal Courts of Justice in London as they do not believe they received a fair hearing when Mr Justice Floyd ruled against them in their attempts to block the sale.<br /> </p><p><br /> They may also try to sue the Royal Bank of Scotland and Liverpool's independent directors chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre.<br /> </p><p><br /> It represents the final attempt by the unpopular former owners to claw back some financial recompense from the process as the £300million sale to NESV is believed to have personally cost them £144million.<br /> </p><p><br /> Hicks claimed in a Sky Sports News interview the club had been taken away from its owners in an "organised conspiracy".<br /> </p><p><br /> Meanwhile the head of NESV, John W Henry, who also owns the Boston Red Sox baseball franchise, was assessing his new acquisition.<br /> </p><p><br /> At least Liverpool can look forward to a virtually debt-free future after the NESV takeover wiped out all the loans and costs associated with the purchase of the club three-and-a-half years ago by Hicks and Gillett.<br /> </p><p><br /> A result of those loans was the crippling interest payments of £40million a year - which are now a thing of the past.<br /> </p>

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