The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae11 hours ago
A Texas judge provided the breakthrough by lifting a restraining order that had prevented New England Sports Ventures (NESV) ousting the English Premier League club’s co-owners Tom Hicks and George Gillett.
Liverpool, the five-times European champions who are one of England’s greatest clubs and possess a brand of global stature, still face a protracted legal battle in a saga that has overshadowed their troubled start to the season.
Lawyers for Hicks and Gillett vowed to fight on “with all of their legal energies” in a claim for damages of $1.6 billion after a sale the owners slammed as “illegal” and “an extraordinary swindle”.
A statement also said that the pair had offered to pay outstanding debt to the Royal Bank of Scotland (RBS) but that attempt was rejected. A spokesman for the bank was not immediately available for comment.
“This outcome not only devalues the Club but it also will result in long-term uncertainty for the fans, players and everyone who loves this sport because all legal recourses will be pursued,” said their Texas lawyer Steve Stodghill in a statement.
The pair had been granted the temporary restraining order on Wednesday, pouring cold water on euphoric fans who had been celebrating a High Court ruling that the owners could not block the sale by sacking board members.
The club’s board have agreed a 300 million pound ($480.8 million) deal with NESV, whose owner John W Henry dismissed the latest move by his rivals.
“We have a binding contract,” Henry said on his Twitter feed. “Will fight Mill Hicks Gillett attempt to keep club today. Their last desperate attempt to entrench their regime.”
Hicks had been linked to a separate deal with U.S. hedge fund Mill Financial, who had sought to take a Premier League ‘owners’ and directors’ test as a preliminary to their own takeover.
A Premier League spokesman said the application had been turned down because the soccer body, who have already approved ownership by NESV, would only deal with the club’s legally constituted board.
The campus is set to become the largest dedicated hub for AI and technology companies in the Middle East and North Africa
uae11 hours ago
Dravid's tenure comes to an end after the T20 World Cup 2024 in the USA and West Indies
sports11 hours ago
Stand-in skipper Jitesh believes the absence of key England players will not affect his side's morale on Sunday
sports12 hours ago
Netanyahu came under personal attack from Defence Minister Yoav Gallant for failing to rule out an Israeli government in Gaza after the war
world12 hours ago
The fund is designed to finance the production of artistic and creative works in film, music, performances, and video games
uae12 hours ago
Fico has been in hospital since Wednesday when a lone gunman shot him four times, including in the abdomen
world12 hours ago
The country was one of the donor states to freeze around $450 million in funds after Israel accused 12 UNRWA staff of participating in the Hamas-led attack
world13 hours ago
This inclusive community service is available daily on Al Hamriya Beach from 6.00am to sunset
uae14 hours ago