Liverpool takeover is OFF again for now as Hicks and Gillett take out injunction

Posted by - October 14, 2010 - Liverpool

H&G dignity sell out goes through smoothly

The seemingly unstoppable takeover of Liverpool by NESV has hit trouble once again after Tom Hicks and George Gillett went to a Texas court to block the move. The American court imposed a temporary restraining order to prevent the sale going through last night.

Although the court has no jurisdiction over the club, potential new owners NESV and creditors Royal Bank of Scotland are unlikely to break the restraining order since both have considerable American business interests.

A Liverpool FC statement said: “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.”

Hicks and Gillett released a statement of their own in which they described the proposed sale as an “epic swindle” and claimed their was a conspiracy to “execute a scheme to sell LFC to NESV at a price they know to be hundreds of millions of dollars below true market value”.