Liverpool takeover news

Hicks & Gillett back down to pursue $1.6bn claim

October 15, 2010
By ESPNsoccernet staff
Tom Hicks and George Gillett have admitted defeat in their bid to hold on to Liverpool as the Royal Bank of Scotland rejected the owners' pledge to pay off their debts.

• Hicks and Gillett lift restraining order • NESV seal final deal
• Forum: How will takeover affect Reds?
• Carragher signs new deal

The American duo will now pursue a damages claim of $1.6 billion for what they described as an "epic swindle" as New England ...

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