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Closing Bell

Fenway Sports Group Will Be Subpoenaed For Liverpool Documents

A New York state judge ordered that Fenway Sports Group be subpoenaed for all records concerning the purchase of Liverpool, marking the first time FSG has been dragged into the legal controversy surrounding the '10 sale of the EPL club. Mill Financial, a lender to former Liverpool co-Owner George Gillett, brought the lawsuit against team creditor Royal Bank of Scotland, alleging it had orchestrated the sale to FSG at a below market price, wiping out Mill’s equity and blocking its effort to purchase the team. Gillett and fellow co-Owner Tom Hicks made the same allegations in British courts, but those complaints were dismissed.

Hicks and his Hicks Holding Company also were subject to the subpoena order from New York Supreme Court Judge Eileen Bransten, though unlike FSG, Hicks had not objected to the Mill motion. Bransten in her order wrote Mill “believes that Fenway possesses documents 'regarding RBS, LFC, and others, related to the sale of LFC, including, but not limited to, the bidding process, board approval and the purchase price, that will bear on Mill's claims against RBS.'” The order was filed with the court Thursday.

FSG is not a party to the lawsuit, but during oral arguments last month over Mill’s motion, Bransten suggested that depending on what Mill found from the documents, FSG could become a defendant.

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