Liverpool settle out of court with Tom Hicks and George Gillett

Liverpool settle out of court with ex-chiefs Hicks and Gillett over club sale claims

Hicks and
Gillett took their case against Broughton, Purslow and Ayre – and RBS –
to court, alleging that they conspired to sell the club at a reduced
price.

They claimed RBS and the Liverpool directors had deliberately blocked their attempts to refinance, allegations denied by RBS.

But after a lengthy and involved process led by Liverpool’s general counsel Natalie Wignall, a deal has been struck to bring an end to the legal action against Broughton, Purslow and Ayre.

The status of Hicks and Gillett’s case against RBS – whom the Americans claim were too actively involved in the sale process – remains unclear and no one at the bank was immediately available for comment.

Back to business: Now Liverpool can concentrate on the football

Back to business: Now Liverpool can concentrate on the football

At a High Court hearing in October Mr Justice Peter Smith said it was a matter which ought to go to trial.

'There is in my mind a question as to whether or not RBS truly distanced itself from the sale process,' he said.

'In reality, what actually happened between April 2010 and October 2010 can only be discerned by a trial when the relevant players give evidence and their evidence is tested by cross-examination in the light of the contemporaneous documents.

'In my view, it would be wrong and a denial of justice potentially at this preliminary stage to deny the former owners an opportunity to have a trial on this issue.

'This matter should be brought to a speedy conclusion. I would wish directions to be agreed if possible with a view to this action… being heard early in 2013.'