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SBD/July 26, 2012/Franchises
Judge Rules Lawsuit Against RBS For Role In '10 Sale Of EPL Club Liverpool May Proceed
Published July 26, 2012
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FIRST DECISION AGAINST CLUB: The decision is the first since the controversial sale from Hicks and Gillett not to favor the club or those close to it. A British court right after the sale dismissed the former owners' lawsuit seeking to halt the transaction. The Mill lawsuit has been winding its way through the court since November ‘10. Initially, it was filed against Gillett, but last year Mill added RBS as a defendant. Bransten’s decision is the first in the case. RBS had sought to have the case dismissed. The final outcome will not affect the current ownership of Liverpool, which is not named as a defendant in the lawsuit.