15 Oct 2010

Liverpool football club sale goes into injury time

7:11 pm on 15 October 2010

Liverpool football club's ownership battle has gone into injury time with American owners Tom Hicks and George Gillette losing a High Court ruling in London but carrying on the fight in a Texas court room.

The ruling increases the likelihood that the 18-time English champions will be sold to New England Sports Ventures, the owners of US Major League Baseball club the Boston Red Sox, but the legal fight is far from finished.

Hicks and Gillette suffered a setback when the London court ruled their attempt to use a US court to block the sale was invalid.

Earlier in the week a London court had ruled the English directors of Liverpool could agree a $640 million takeover by NESV.

But before the Liverpool board could make any decision, Hicks and Gillette secured a temporary restraining order from the Texas court.

The basis of the American owners' legal move is their belief that the club is being undersold.