Friday, February 18, 2011

Court Defeat For Former Liverpool Owner Hicks

The Texan former owner of Liverpool Football Club has failed to overturn a court order barring him from launching massive damages claims over the sale of the Premier League side in the US.

Tom Hicks wanted High Court judge Mr. Justice Floyd to lift anti-suit orders which prevented him taking action in the Texas courts to halt the deal, in which he claims he lost £140m.

The judge dismissed that application but varied the anti-suit injunction to allow Mr. Hicks to make applications in the US in support of any proceedings in this country if he gives seven days’ notice to the parties he is suing.

Mr. Hicks believes he was the victim of an “epic swindle” when the club was sold against his wishes to New England Sports Ventures for £300m.

Mr. Justice Floyd also dismissed an application to strike out or stay claims by Sir Martin Broughton, the former chairman of the football club, seeking damages against Mr. Hicks for his actions while owner.

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