Reds: Restraining order is 'unwarranted and damaging'

Liverpool’s directors have resolved to sell the club to New England Sports Ventures (NESV), but must first overcome a restraining order they believe to be “unwarranted and damaging”.

Having earlier won a resounding victory in the High Court, where Mr Justice Floyd ruled current owners George Gillett and Tom Hicks did not have the power to reconstitute the board and block its preferred deal going ahead, Liverpool’s board met with NESV’s John Henry in London.

It had been thought that meeting could end in a finalised sale, but events took a dramatic turn when a Texas District Court reportedly granted a temporary restraining order on the deal going ahead.

Now the boards of Kop Football and Kop Holdings accept they must fight to have it removed in order to proceed with NESV.