Liverpool FC Ownership Going to Court Over Sale of Team

by

Oct 11, 2010

LONDON — The court case that could settle the future ownership of Liverpool will begin at London's High Court on Tuesday.

Royal Bank of Scotland, which holds the bulk of Liverpool's debt, is going to court to force co-owners Tom Hicks and George Gillett Jr. to accept a 300 million-pound ($476 million) sale to the owners of the Boston Red Sox.

The dispute revolves around whether chairman Martin Broughton has the authority to sell the club to New England Sports Ventures, which owns the Red Sox.

Broughton's decision was supported by managing director Christian Purslow and commercial director Ian Ayre, who outvoted Hicks and Gillett three to two.

Hicks and Gillett are trying to fire Purslow and Ayre from the board.

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