Friday, October 15, 2010

Tom Hicks’ UK Spokesman Confirms Liverpool Co-Owner Has Not Sold Shares To Mill Financial

Liverpool co-owner Tom Hicks remains in control of his share of the club and has not sold out to Mill Financial.

In another twist to the Liverpool saga, reports earlier today had suggested the hedge fund, a branch of Washington-based Springfield Financial, had acquired the Texan's 50 per cent share having already taken ownership of his fellow co-owner George Gillett's half.

This would have meant that if Mill Financial were able to repay the Royal Bank of Scotland (RBS) then any prospective sale to New England Sports Ventures (NESV), who have agreed a £300 million deal, could be in jeopardy.

But a UK-based spokesman for Tom Hicks told the Press Association Sport that Mill Financial had not acquired the shares.

RBS have also not had any recent contact with Mill Financial, while no approach has been made to the Premier League to notify them of another potential change of ownership.

The news is another twist to the saga, with RBS and Liverpool returning to the High Court this afternoon to block a temporary restraining order taken out by Hicks and Gillett in Texas last night.

The injunction was imposed just minutes before a board meeting which took place in London late last night.

At the meeting chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre out-voted Hicks and Gillett to complete the sale to NESV.

That was just hours after Mr. Justice Floyd had ruled the American owners had no right to block a sale.

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