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Feb 16, 2011

Hicks awaits Liverpool damages ruling

Tom Hicks is set to discover on Thursday whether he can launch massive damages claims in the US courts over the sale of Liverpool.

Hicks claims he was the victim of an "epic swindle" when the club was sold against his wishes to New England Sports Ventures for £300 million in October last year.

The deal went ahead after Mr Justice Floyd granted anti-suit orders which prevented Hicks taking action in the Texas courts to halt the deal. Mr Hicks applied to the same judge last week to lift the anti-suit orders.

Mr Justice Floyd will also rule on applications to strike out or dismiss claims by Sir Martin Broughton, former chairman of the club, seeking damages against Mr Hicks for his actions while owner.

RBS also applied to the court for orders which would block Mr Hicks and his former partner George Gillett from suing over the sale.

New England Sports Ventures applied to the court to be added to an application for a permanent anti-suit order blocking action outside the UK and European Union.

It bought the club after repaying a £237 million loan Mr Hicks and Mr Gillett took out with the Royal Bank of Scotland and Wells Fargo and Company.

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