Liverpool FC’s fate back in court again

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Liverpool FC’s fate is once again in the hands of the High Court.    Royal Bank of Scotland (RBS) has returned there in an attempt to nullify the actions of the court in Texas, the American state being the primary place of business of Kop Holdings.   RBS is particularly annoyed at an injunction granted by the Texas court to stop the bank exercising its right to recall its loan.  Counsel for RBS, Richard Snowden QC, described this action in court as ‘a most outrageous abuse of

Liquidation threat at Dundee

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The situation at Dundee appears to have become more serious with a threat that the club might have to be liquidated if its finances cannot be sorted out in the next four weeks.  It is believed to have overall debts of around £2m.


The club’s benefactor, Calum Melville, has contributed £200,000 to paying off the club’s tax debt which pushed it into administration.   Another £200,000 is needed and half of that has pledged by local business people.

Texas court delays Liverpool sale

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A Texas court has delayed the sale of Liverpool to New England Sports Ventures (NESV) just as it was about to take place.   A temporary restraining injunction has been granted to Tom Hicks.  Hicks is claiming $1.6bn in dollars or around £1bn which is somewhat ironic given that he is the person who has been blocking a sale.

Liverpool owners lose court case

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Liverpool fans will be delighted to hear that the American owners have lost their case in the High Court.  Livepool supporters outside the court sang ‘You’ll never walk alone.’


This court decision makes it more likely that New England Sports Ventures (NESV) will become the club’s new owners, even though two other bids have been made.   There is still another court case to come, but that is unlikely to stop the sale. The owner of NESV, John Henry, declared his delight with the outcome on Twitter and congratulated Liverpool supporters.

Liverpool ruling at 10 a.m. tomorrow

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A ruling will be given in the Liverpool case in the High Court at 10 a.m. tomorrow.  This follows a day in which learned counsel were arguing on behalf of five different parties to the dispute.    The High Court bill is estimated to have already reached £500,000 and may yet go over £1m.  However, it is important to emphasise that is one of two cases affecting the club.

Fury could be safe

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The Australian Football Federation’s (FFA) finances have been stretched by a series of crises involving its clubs, but now things are looking up.   This is particularly the case for North Queensland Fury who it was feared might be cut from the league next  year.    The federation has been in charge of both the Fury and the Reds as well as commitments to Brisbane and, to a lesser extent, Central Coast Mariners.

No deal at ‘Pool by Friday

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The judge in the High Court case involving Liverpool has made it clear that there is unlikely to be a resolution by Friday.    Counsel for Martin Broughton said that the club were desperate to get matters resolved by then, but the judge said that would be a ‘little ambitious’.  Taken out of cautious legal code, this means it’s not on.

Not all is clear at Wednesday

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Details remain unclear about a deal which appears to have dealt with Sheffield Wednesday’s immediate financial problems.   £2m was made available from an unnamed investor on Friday, but it was not clear whether the money was a loan or a deposit ahead of a full takeover.    The money has apparently not arrived, but when it does the club intend to use ut to pay off unpaid tax bills.

More offers in for Liverpool as court hearing begins

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As the case concerning Liverpool FC began in the High Court later this morning, Singapore billionaire Peter Lim trumped the New England Sport Ventures (NESV) offer for the club with a bid of £320m.  However, Mill Financial, the hedge fund who now own George Gillett’s shares have made a bid that would pay off all debt and commit to spend £100m on the new stadium.