Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Sports / National Sports

RBS obtains injunction against Liverpool owners

The Columbian
Published: October 11, 2010, 12:00am

LONDON (AP) — 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.

Hicks tried to remove managing director Christian Purslow and commercial director Ian Ayre from Liverpool’s board last week when they sought to sanction a $476 million sale of the club to the owners of the Boston Red Sox.

RBS, which holds the bulk of Liverpool’s debt, is claiming breach of contract. The bank said Monday it obtained an interim injunction before a hearing the following day at London’s High Court.

Hicks and Gillett agreed to RBS’ demands in April to allow Broughton to have control of the sales process.

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...