Newspaper article The Journal (Newcastle, England)

Dallas Court Holds Key to Reds' Fate; Hearing Will Go Ahead Today

Newspaper article The Journal (Newcastle, England)

Dallas Court Holds Key to Reds' Fate; Hearing Will Go Ahead Today

Article excerpt

LIVERPOOL'S complicated ownership issues could finally be concluded several thousand miles away today when a court in Texas reconvenes.

The club moved to the brink of being taken over by New England Sports Ventures (NESV) when a High Court judge in London dismissed an United States-based injunction preventing the sale of the club. However, lawyers for co-owner Tom Hicks immediately went back to the 160th District Court in Dallas for another hearing with Judge Jim Jordan only for that to be adjourned without resolution.

The legal team will go back at 7am local time (1pm BST) - just three hours before the deadline set by the High Court for the American's restraining order to be removed - when it is expected a ruling will be made.

Liverpool remain hopeful the pounds 300million sale to NESV, whose head is Boston Red Sox baseball franchise owner John W Henry, will go through, with both chairman Martin Broughton and managing director Christian Purslow speaking positively tonight.

"We're nearly there. We've still got to take away the restraining order," said Broughton, who added he hoped to have a deal in place for Henry to attend Sunday's Merseyside derby at Goodison Park.

"Mr Henry is very committed. My guess is we'll have it done and he'll be there - but we've got to get rid of this order first."

Purslow was also optimistic the restraining order would be lifted.

"I hope so, I hope so. Good day in court today," he said.

For the second time in just over 24 hours, the club's independent directors -Broughton, Purslow and commercial director Ian Ayre - were yesterday given the go-ahead by Mr Justice Floyd to complete their agreement with NESV.

Last night a hastily-convened board meeting resolved to go through with the sale, only for Hicks and fellow co-owner George Gillett to inform the Englandbased directors they had attained a temporary restraining order preventing it and were also suing them for pounds 1billion.

The prompted Royal Bank of Scotland, the club's major creditors who are due to be repaid pounds 240million tomorrow, to return to the High Court for a ruling on jurisdiction and they were given the answer they required. …

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