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Royal Bank Of Scotland
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The future of Liverpool hinges on a ruling by a British judge after a High Court hearing Tuesday that exposed the sharp divisions over the proposed sale of the Premier League club to the parent company of the Boston Red Sox.
A British judge will rule Wednesday on a key issue in the battle for ownership of Liverpool.
The battle for control of Liverpool went to court on Tuesday, with a bank trying to force through the sale of the Premier League club to the owners of the Boston Red Sox over the objection of the current American owners.
Royal Bank of Scotland says it has obtained an interim injunction preventing Liverpool co-owners Tom Hicks and George Gillett Jr. from firing chairman Martin Broughton and two other board members.
The legal battle to force Tom Hicks and George Gillett Jr. to sell Liverpool to the Boston Red Sox parent company reaches London's High Court on Tuesday, while a Singaporean billionaire is ready to announce an improved bid for the soccer team.
Liverpool's takeover by the owners of the Boston Red Sox will not go ahead if the English club is forced to enter a form of bankruptcy protection and gets penalized in the Premier League standings, people with knowledge of the negotiations said Saturday.
Corporations worried about the bottom line are taking a look at their office walls.