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Thursday, October 14, 2010

Tom Hicks and George Gillett obtained a Temporary Restraining Order from a Texas District Court

What on earth are the two clowns has been thinking? After the High Court ruling against them, Tom Hicks and George Gillett tried last night to derail Liverpool FC sale to the owners of the Boston Red Sox by obtaining a temporary injunction in a Dallas court.

Gillett and Hicks In a statement released by Liverpool FC official website yesterday, chairman Martin Broughton has described the temporary restraining order obtained by Liverpool co-owners Tom Hicks and George Gillett in an attempt to stop a takeover deal as 'unwarranted and damaging' to the proceedings.

   “Regrettably, 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.”

Mr Justice Floyd had earlier upheld the claim by RBS for breach of contract against Hicks and Gillett after they attempted to block the sale last week by dissolving the board, contravening an agreement signed as a condition of refinancing last April that also led to the appointment of Broughton. The QC representing Hicks and Gillett had said in court that the pair accepted their time as owners of Liverpool had come to an end but that they believed the club was worth more than it was being sold for.

Ruling that their actions in seeking to block the deal represented "the clearest possible breach" of a corporate governance agreement signed with RBS in April as a condition of refinancing, Mr Justice Floyd ordered Hicks and Gillett to allow the club's board to be reconstituted in its original form by 8pm last night.

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