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.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.
LONDON (AP) _ The court case that could settle the future ownership of Liverpool will begin at London’s High Court on Tuesday.
Royal Bank of Scotland, which holds the bulk of Liverpool’s debt, is going to court to force co-owners Tom Hicks and George Gillett Jr. to accept a $476 million sale to the owners of the Boston Red Sox.
The dispute revolves around whether chairman Martin Broughton has the authority to sell the club to New England Sports Ventures, which owns the Red Sox.
Broughton’s decision was supported by managing director Christian Purslow and commercial director Ian Ayre, who outvoted Hicks and Gillett 3-2.
Hicks and Gillett are trying to fire Purslow and Ayre from the board.
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