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Court rules against owners in Liverpool fight
LONDON (AP) - A British judge granted an injunction Thursday against the Liverpool owners that could clear the way for the club’s sale to the parent company of the Boston Red Sox, and a Texas judge scheduled a Friday hearing on a request to lift his order blocking the purchase.
Hours later, Texas District Judge Jim Jordan, scheduled an early morning hearing for 7 a.m. CDT (8 a.m. EDT and 1 p.m. in London) on Friday to hear a motion by New England Sports Ventures to lift the temporary restraining order he issued Wednesday blocking the 300 million pound ($476 million) sale to NESV.
On the second straight day of trans-Atlantic litigation over the famous soccer team, Hicks and Gillett’s companies filed a motion in Dallas asking that the Royal Bank of Scotland, NESV and Liverpool’s independent board members be held in contempt and jailed.
The British judge ordered them to withdraw their action by 4 p.m. London time Friday (11 a.m. EDT) or be held in contempt of court.
“We are nearly there,” Liverpool chairman Martin Broughton said. “We are still in court in Texas. We still have to do that. We still have to take away the restraining order … Mr. Henry is (still) very committed.”
At a hearing in Dallas that started about 2 p.m. EDT Thursday, NESV lawyers argued Liverpool was headed for default if Jordan didn’t rule by 10:01 a.m. London time Friday (5:01 a.m. EDT), but couldn’t provide documentation of that when Jordan asked. Hicks lawyer Geoffrey Harper asked for two days to review the NESV motion.
“If you grant this relief, the injunction is moot,” Harper said. “They will have closed (the sale).”
“I want this issue to be resolved for the parties,” Jordan said.
“This case has no real connection to Texas,” Floyd said.
By Matt Kibbe
The short-term deal will assure long-term overspending
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