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SBD Global/May 31, 2013/Franchises

Liverpool Owner Fenway Group Fights Request Of Documents Related To Sale

In a court filing on Thursday, Fenway Sports Group, the owners of Premier League club Liverpool, blasted an effort to get it to turn over all documents related to its ‘10 purchase of the football club. Former Liverpool lender Mill Financial has been suing another former club lender, RBS, in N.Y. state court, arguing the Scottish bank prevented Mill from being able to buy the club. Earlier this month, Mill asked the N.Y. court hearing the case to issue subpoenas compelling Fenway to turn over all documents related to the purchase. Fenway attorney David Pegno of Dewey Pegno & Kramarsky wrote in the motion, “Neither … FSG nor the court should have to go through the time and expense required to pare down Mill’s blunderbuss requests so that they are limited even in the most tangential way to the contract disputes between two parties before this court.” The motion also pointed out Mill had never asked FSG for the documents. Mill was a lender to embattled Liverpool co-Owner George Gillett, who defaulted on his debt. That gave Mill his stake as collateral. Its position was wiped out in the sale to FSG. The N.Y. court set a hearing date of June 13 to hear arguments over Mill’s motions to get Fenway, and former Liverpool co-Owner Tom Hicks, to turn over documents related to the sale. A spokesperson for Hicks declined to comment.
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