War goes on.
Liverpool looked set to be sold following victory from RBS in court today.
Following on from this the English portion of the club’s board issued a statement in response:
Following the successful conclusion of High Court proceedings today, the Boards of Directors of Kop Football and Kop Holdings met tonight and resolved to complete the sale of Liverpool FC to New England Sports Ventures.
Regretably, Thomas Hicks and George Gillett have tonight obtained a Temporary Restraining Order from a Texas District Court against the independent directors, Royal Bank of Scotland PLC and NESV to prevent the transaction being completed.
The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed.
A further statement will be made in due course.
The statement tells us that the board (which can outvote Hicks and Gillett 3-2) chose to sell to NESV. However the sale has clearly not yet gone through.
The full document from the Texas court can be viewed here: www.scribd.com/doc/39284612/Liverpool-TRO
Expect more developments tomorrow; both sides are resolved to do what it takes to win their side of this battle. LFC remains stuck in the middle.
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