The RBS court case against Hicks and Gillett did not reach a conclusion in the high court today and will move over in to tomorrow’s proceedings.
RBS v Hicks and co kicked off after 11am in Court 16 at the High Court and RBS immediately announced that Hicks and Gillett had displayed ‘breathtaking arrogance’ alongside their ‘breach of contract’.
Lawyers representing Tom Hicks admitted to this breach of contract, but then began hours of spiel suggesting there were other buyers who contacted the club last week. That they felt like they weren’t involved in the sale.
Hicks’ argument seemed to centre on the fact that the remaining board were acting like a ‘sub-committee’, however it was Tom Hicks who terminated the call to the board meeting. After which the board voted to carry on.
During the trial, Hicks unveiled Mill Financial – the murky group who took over George Gillett’s share in the club, as a potential buyer which would cement Hicks’ tenure at Anfield.
RBS QC then launched a savage attack on ‘slippery’ Tom Hicks who had known full well about the meeting but chose to waiver his participation by ending the phone call. The QC also noted his son’s involvement, who was not a member of the board, before noting that Tom Hicks’ lawyer was also present at the meeting as an observer. Effectively disproving claims he knew nothing about it.
At one point the judge signalled that it would be a ‘little ambitious’ to expect judgement this week. RBS’ loan to Liverpool FC must be repaid by Friday or the club could face administration.
Tonight, Liverpool remain in disarray – without a fully functioning board as the Judge continues his deliberations.