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Liverpool owners to drop court case against saleA lawyer for Liverpool's owners says they will drop their court order in Texas blocking the sale of the club.
The move does not mean current owners Tom Hicks and George Gillett have given up their fight to stop the 300 million pound ($476 million) sale to the owners of the Boston Red Sox. Lawyer Keith Oliver, who represents Hicks and Gillett, tells The Associated Press they are applying to withdraw the temporary restraining order when the Dallas court convenes at 7 a.m. local time Friday. The court had granted the injunction Wednesday just as the Liverpool board met to ratify the sale to New England Sports Ventures. NESV fears Hicks could sell his share to American hedge fund Mill Financial, which could then pay off the debt owed to Royal Bank of Scotland. posted on Oct 15, 2010
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