- Texas man arrested for powder-letter hoax
- Islamic State opens ‘marriage bureau’ for single jihadists
- Drone almost blocks California firefighting planes
- Tornado rips off roofs, downs trees near Boston
- GOP: Environmental rules keeping agents from accessing border
- John Kerry: Millions displaced by religious fighting in 2013
- Federal appeals court rules against Virginia’s gay marriage ban
- White House says Russia ‘losing’ war in Ukraine
- Hamas turns to North Korea for weapons deal, Iran for money
- Syrian casualties surge as jihadis consolidate
Liverpool accuses owners of trickery to stop sale
Question of the Day
LONDON (AP) - Liverpool’s chairman has accused the Premier League club’s American owners of “trying every trick” to halt the sale to the owners of the Boston Red Sox.
A Texas court granted co-owners Tom Hicks and George Gillett Jr. a temporary restraining order halting the takeover by New England Sports Ventures on Wednesday. The move came just as a board meeting convened in London to complete the 300 million pound ($476 million) sale.
Earlier Wednesday, the High Court in London cleared the way for Liverpool’s independent directors to sell at a huge loss to the current owners, who bought the club three years ago.
Liverpool chairman Martin Broughton told Sky Sports News on Thursday, “We’ll keep trying and always remain confident.”
Hicks and Gillett called the attempted sale an “epic swindle” that undervalues the storied Premier League club. They said they are suing the three British board members, the bank controlling the club’s debt and NESV for $1.6 billion in damages. The Dallas court will hold a hearing on the case on Oct. 25, they said.
John Henry, the financier who heads NESV, arrived at the hastily called board meeting Wednesday night hoping to quickly complete the sale after the ruling in the British court. However, at around 1 a.m. local time, he exited through a back entrance to the law firm offices in central London, ignoring reporters’ questions.
With the sale delayed, Liverpool could fail to meet Friday’s deadline to repay its debts to the Royal Bank of Scotland. If Liverpool is put into financial administration, a form of bankruptcy protection, the club would be docked nine points by the Premier League.
Two others bids emerged this week _ one from Singapore businessman Peter Lim and another from American hedge fund Mill Financial.
Liverpool, an 18-time English league champion, is currently mired in the relegation zone after its worst start to a league season since 1953.
By David Keene
Allowing states to innovate could reduce dependency on bureaucracy
- D.C. seeks to stay judge's order allowing gun owners to carry in public
- Illegal immigrants demand representation in White House meetings
- Hillary Clinton: Forget Obama, George W. Bush made her 'proud to be an American'
- Iraqi Christians rally at White House: 'Obama, Obama, where are you?'
- Romney would win popular vote in rematch against Obama: CNN poll
- Tennessee Gov. Haslam slams White House for secret dump of illegals in his state
- White House defends Kerry failure to broker Middle East cease-fire
- Babson College, BYU win top spots in Money magazine's college rankings
- Russia violating 1987 nuclear missile treaty
- NAPOLITANO: What if our democracy is a fraud?
Obama's biggest White House 'fails'
Celebrities turned politicians
Athletes turned actors
20 gadgets that changed the world
Fighting in Iraq