Wednesday, 13 October 2010

"I am not prepared to grant any relief"... said Mr Justice Floyd in the High Court today, making a ruling that sees the owners of Liverpool FC, Gillett and Hicks, lose their battle to stop the sale of the club, clearing the way for it to be sold to the company that owns the Boston Red Sox, New England Sports Ventures.

As this is a matter of company law and also involves the interests of the bank to whom the owners owe serious amounts of wedge, the venue was the High Court, Chancery Division. You can read an account of the proceedings here, and watch a video.

Gillett and Hicks have been refused permission to appeal by the trial judge, but given the amount they stand to lose, I wouldn't be surprised if they make an application to the Court of Appeal for permission as a last throw of the dice.

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