Liverpool FC could be closer being sold after restraining order was lifted.
This morning Liverpool football club owners George Gillett and Tom Hicks removed the restraining order placed from a court in Texas stopping the sale of the club to New England Sports Ventures (NESV) by the Royal Bank of Scotland (RBS).
The injunction was issued by a court in Dallas, Texas yesterday with it being lifted by the owners this moring. It may allow the sale of the club to go through, but it being lifted is not that simple.
The owners believe that the club is being under valued for the sale and are looking to sell to American financial hedge fund Mill on there own terms. But RBS are in charge of the sale and if the owners sell there shares to Mill and the Premier League Association do not approve it could send the club into administration.
Today is the deadline for RBS to be repaid their £237m that Liverpool has in debt. If this is not paid off by a new owner the club could fall in to administration, and the club may have 9 points deducted from them in the Premier league. Leaving them with -3 points with the big Merseyside derby against Everton FC this weekend.
The Premier League rejected the approach by the hedge fund Mill. Leaving the sale open to New England Sport Ventures and announcement coming later this afternoon.
Update: Liverpool has been taken over by new owners New England Sports Ventures.