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Liverpool dispute put to bed after former owners withdraw claims

Football News 24/7
Liverpool’s former owners Tom Hicks and George Gillett have withdrawn their allegations against the three men who successfully led the legal campaign which led the American businessmen to sell the club to current owners, and fellow Americans, Fenway Sports Group (FSG).

Sir Martin Broughton, Christian Purslow and Ian Ayre, who now serves as the club’s managing director, were all directors at Liverpool when the club’s future became centred on a protracted high court battle. Hicks and Gillett had claimed an “epic swindle” by club directors and the Royal Bank of Scotland (RBS) led to them being forced to sell Liverpool to FSG for £300 million in October 2010.

Hicks and Gillett’s controversial tenure ended with them claiming the sale “substantially undervalued” Liverpool, adding that RBS, Broughton, Purslow and Ayre “deliberately” blocked attempts to refinance the club’s debt. Liverpool announced on Friday that Hicks and Gillett have dropped their claims after agreeing a settlement with the three directors. Liverpool said in a statement: “In October 2010, Liverpool Football Club and Athletic Grounds Limited was sold to the Fenway Sports Group. As a consequence of that sale, Thomas Hicks and George Gillett (being the former owners of Liverpool FC) made a number of allegations and claims against Sir Martin Broughton, Christian Purslow and Ian Ayre (being the company directors responsible for the sale of Liverpool FC to the Fenway Sports Group).”

The statement added: “Those allegations and claims were denied by Messrs Broughton, Purslow and Ayre … and resulted in legal proceedings being commenced. The parties have now agreed a settlement (the terms of which are confidential). All claims and allegations made against Messrs Broughton, Purslow and Ayre have been withdrawn by Messrs Hicks and Gillett and all legal proceedings between the parties concluded.”

JB

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