I welcome the decision of the Court. The way is now clear for the Board to sell the Club. I have delivered my Offer to the Board and believe that my ownership represents the best option for the future of the Club and it's supporters.

A Texas court has granted a temporary restraining order stopping the sale of Liverpool Football Club, owners Tom Hicks and George Gillett have claimed.

It comes hours after the American pair saw their challenge against the club's sale thrown out by the High Court.

Hicks and Gillett issued a statement as the Liverpool board met to ratify the sale to New England Sports Ventures.

In reply, the board vowed to "move as swiftly as possible to seek to have it [the restraining order] removed".

The club's statement continued: "Following the successful conclusion of High Court proceedings, the board of directors of Kop Football and Kop Holdings met and resolved to complete the sale of Liverpool FC to New England Sports Ventures.

"Regrettably, Thomas Hicks and George Gillett obtained a Temporary Restraining Order from a Texas District Court against the independent directors, Royal Bank of Scotland PLC and NESV, to prevent the transaction being completed.

"The independent directors consider the restraining order to be unwarranted and damaging and will move as swiftly as possible to seek to have it removed."

BBC Business Editor Robert Peston reported: "Although the Texas court has no direct jurisdiction in the UK, both New England Sports Ventures and Liverpool's bankers, Royal Bank of Scotland, would not wish to be seen to be wilfully defying that court, because that could cause harm to their substantial US operations.

"That is why RBS and New England Sports Ventures will attempt to have the restraining order lifted on Thursday. If that's achieved, Liverpool could then be sold from under Mr Hicks and Mr Gillett within a matter of hours."

Having gained the injunction from the Dallas court, Hicks and Gillett described the proposed £300m sale as "an epic swindle" and revealed they are seeking more than £1bn in damages.

The pair claim the injunction prevents Liverpool executing the sale of the club to NESV, with a hearing date set for 25 October.

The legal action in Texas - signed by Judge Jim Jordan of the 160th District Court in Dallas - is "part of a lawsuit filed against Royal Bank of Scotland (RBS), Martin Broughton, Christian Purslow, Ian Ayre, NESV and Philip Nash" read a statement.

"The lawsuit also seeks temporary and permanent injunctions, and damages totalling approximately $1.6 billion (more than £1 billion).

"The suit lays out the defendants' "epic swindle" in which they conspired to devise and execute a scheme to sell LFC to NESV at a price they know to be hundreds of millions of dollars below true market value."

The statement, posted on the American duo's behalf by international law firm Fish & Richardson, went on to allege that there had been a conspiracy to "execute a scheme to sell LFC to NESV at a price they know to be hundreds of millions of dollars below true market value".

And it is the Royal Bank of Scotland who receive the brunt of blame, the statement continuing: "The director defendants were acting merely as pawns of RBS, wholly abdicating the fiduciary responsibilities that they owed in the sale.

"RBS has been complicit in this scheme with the director defendants. For example, in letters from RBS to potential investors obtained just within the past few days, RBS has informed investors that it will approve of a deal only if there is "no economic return to equity" for Messrs. Hicks and Gillett".

"In furtherance of this grand conspiracy, on information and belief, RBS has improperly used its influence as the club's creditor and as a worldwide banking leader to prevent any transaction that would permit Messrs. Hicks and Gillett to recover any of their initial investment in the club, much less share in the substantial appreciation in the value of Liverpool FC that their investments have created.

"In addition to these claims, there are several allusions to bidders and investors who were interested in buying into Liverpool who had previously not been made public.

NESV's bid is worth £300m, while rival investor Peter Lim yesterday upped his own offer to £320m - while the legal notice claims another party made contact through a third party on 4 October and was offering up to £400m.

It is the latest twist in the long-running ownership battle at Anfield, one that looked like nearing an end when the High Court ruled against Hicks and Gillett on Wednesday morning.

The unpopular American pair had attempted to oust the boardroom rivals that had sanctioned the sale of the club to NESV, but saw their case ruled against by Mr Justice Floyd.

Speaking as he left the court following that decision, Broughton said: "I am absolutely elated, it's a very important day for our club. This will clear the way for the sale, we will have a board meeting this evening and proceed with the sale.

"It has been an anxious time but we have been confident. But when you go to court you can never be sure."

"The board has to be reconstituted and I can't prejudge what the board is going to say. It would be inappropriate to prejudge what the board may say.

"But the club's going to have a great future. We will re-establish the right basis for the club.

"The acquisition debt that has been plaguing us will be gone, we have a great future. We will get the right owners for the fans."
   
I am not prepared to grant any relief... if I did it would risk stopping the sale and purchase agreement going ahead
Mr Justice Floyd

John W Henry, who heads the NESV consortium, celebrated the High Court verdict through his Twitter account and praised Broughton managing director Christian Purslow and commercial director Ian Ayre.

Henry wrote: "Well done Martin, Christian & Ian. Well done RBS. Well done supporters!"

NESV said in a statement that it had a "binding agreement in place with the Board of Liverpool FC".

It went on: "We are ready to move quickly and help create the stability and certainty which the club needs at this time. It is time to return the focus to the club itself and performances on the pitch."

NESV is thought to be offering about £300m for the club, enough to pay back the £240m of loans and £40m of fees owed to Royal Bank of Scotland. Its bid has been accepted in principle by the club.

In recent days, however, another bid materialised, with Singapore billionaire Peter Lim offering £320m in cash for the club and its liabilities. He is also willing to provide £40m in cash to buy players.

Following Wednesday's High Court ruling, Lim issued a statement outlining his plans.

"I welcome the decision of the court," it read. "I hope that when the board is reconstituted tonight that it will not simply ratify a sale to NESV but will consider all the offers before them.

"I am asking the board to run a full and fair process that enables all of the offers to be considered on their merits before the future of the club is decided.

I know this won't be instant, and there is more work to be done, but finally Liverpool football club can start to move onwards and upwards.

American hedge fund Mill Financial has a bid that also pledges to wipe out Liverpool's debts while providing up to £100m to fund a new stadium.

Mill Financial technically controls Gillett's 50% stake after he defaulted on the loan used by the American to fund his part of the leveraged takeover in 2007.

Hicks and Gillett were also warned by Mr Justice Floyd it would be "inappropriate in the circumstances" for them to be granted the right to appeal the High Court's decision.

Keith Oliver, a solicitor acting for Hicks and Gillett, stated: "We are obviously disappointed with the judge's decision. Mr Hicks and Mr Gillett will now be considering their next steps and that will include whether to make an application to the Court of Appeal."

There were chaotic scenes outside the courts in central London, with more than 100 Liverpool fans surrounding Broughton and singing: "We love you, Martin, we do."

Security guards tried and failed to move the crowd blocking the entrance as they broke into the Liverpool anthem You'll Never Walk Alone.

On Tuesday, the judge heard how Hicks had tried to block the sale to NESV last week by removing Purslow and Ayre from the board.

He had then installed his son, Mack, and business associate Lori McCutcheon so he would have control of voting on the board.

But this was in breach of agreements the Americans had signed with the bank when RBS extended its credit facilities.

The RBS loan facility ends on Friday and the bank had applied to the court for the injunction to allow the sale to go ahead and recoup its money.

As soon as this is taken to court it will be immediately thrown out.

The million dollar question though is, when will it get to court? It's still highly possible that Liverpool could be docked 9 points and NESV pull out of a sale.

I hope that doesn't happen but still a chance.

Since when do US courts have jurisdiction in the UK? And where the fuck do they get off seeking 1.6b damages? They're the ones that damaged the club! If anything we should be suing THEM! Get fucked! Someone just assassinate them already.

The million dollar question though is, when will it get to court? It's still highly possible that Liverpool could be docked 9 points and NESV pull out of a sale.

I hope that doesn't happen but still a chance.

Best Man for the Job?

There's a thread on LFC discussing all the LFC fans filing a class action suit against the Cowboys :lol:

tempted to send angry email to liverpool owners. "you are fucking ****s. fuck off ****s. you fucking ****s."