Tom Hicks, the former owner of Premier League club Liverpool, won a legal battle to seek damages over the sale of the club.
|||London – Tom Hicks, the American former owner of Liverpool Football Club, won a legal battle on Thursday to seek damages over the sale of the Premier League team last year to the owners of the Boston Red Sox baseball team.
Hicks and fellow American George Gillett pledged last year to use all legal means to secure damages of at least $1.6 billion (about R11,5-billion) over the contested sale of the club to John W. Henry's New England Sports Ventures for 300 million pounds ($483.8 million).
Hicks and Gillett called the sale “illegal” and “an extraordinary swindle” but the board went ahead and sold the five-times European champions last October, with the blessing of major creditor Royal Bank of Scotland (RBS).
Hicks and Gillett said they had offered to pay outstanding debt to the RBS but that attempt was rejected.
Hicks had sought to lift court orders which had prevented him taking action in his home state of Texas to halt the deal in which he claims he lost 140 million pounds.
A High Court judge dismissed that application but amended the terms to allow Hicks to make applications in the U.S. in support of any proceedings in this country if he gives seven days notice to the parties he is suing, the Press Association news agency reported. – Reuters
Source: http://www.iol.co.za/hicks-can-seek-damages-from-reds-1.1028059
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