Liverpool's former owner given chance to sue RBS
Thu 17th Feb 2011 | Legal
Tom Hicks, Liverpool Football Club’s former co-owner has been granted permission to launch a legal claim against the Royal Bank of Scotland, but only if they do so within the EU.
Hicks is now set to make a claim against the bank for losses incurred during the sale of Liverpool in October 2010 after orders barring action in the US were varied by a High Court judge in London.
The varied anti-suit injunction will now allow Hicks to make applications in the US in support of any proceedings in the UK as long as he gives seven days notice to the parties he is suing.
Hicks believed he was the victim of an 'epic swindle' when the club was sold against his wishes to New England Sports Ventures for £300m.
However Liverpool have expressed their satisfaction with the court's decision. "Last week a further hearing took place as part of the ongoing litigation following the successful sale of the club in Oct 2010 to NESV,” read a statement released by the club.
"We are delighted that Mr Justice Floyd has granted the applications requested by Sir Martin Broughton, RBS and NESV and that the anti-suit injunction prohibiting the former owners from commencing legal actions against these parties outside the EU has been upheld and clarified.
"Sir Martin, RBS and NESV continue to maintain that there is no basis to challenge the propriety or validity of any actions by them or any of those involved on their behalf in the sale of the club.
"They will continue to take all steps necessary to defend vigorously any litigation threatened or commenced by the club's former owners."
SUBSCRIBE TO THE F.C. BUSINESS RSS FEED
If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk
Google
Yahoo
Live
del.icio
DiggRelated Articles
ECJ rules Football Fixture Lists Cannot Be Protected by Copyright
Thu 1st Mar 2012 | Legal
A football fixture list cannot be protected by copyright when its compilation is dictated by rules or constraints which leave no room for creative freedom The Database Directive1 grants copyright...
Premier League ads warn pubs over using foreign set-top boxes
Thu 16th Feb 2012 | Legal
The Premier League is to launch an ad campaign warning pubs and clubs that it intends to crack down on unauthorised broadcasts of football matches using foreign satellite feeds. The campaign is being...
Premier League and satellite firms in new court ruling
Fri 3rd Feb 2012 | Legal
Football bosses have said they would tackle publicans using foreign satellite systems to broadcast Premier League action without permission. Premier League officials claimed victory in the latest...
John Terry charged over racist remark
Wed 21st Dec 2011 | Legal
John Terry, the England and Chelsea captain is to be charged over an alleged racist remark made to Anton Ferdinand. Terry will now appear before West London Magistrates Court on the 1st Feb 2012....
