13 October,2010 07:17 AM IST | | PA Sport
Liverpool's immediate future is set to be decided in the High Court today after a day of twists and turns both inside and outside the courtroom. Legal counsel spent the best part of five hours arguing the rights and wrongs of decisions made by chairman Martin Broughton and owners Tom Hicks and George Gillett.
During that time a new offer came in from Singapore businessman Peter Lim, while it emerged in court proceedings that Mill Financial, the hedge fund which now controls Gillett's shares after he defaulted on a loan, are also interested in bidding for the club.
It was thought these developments would delay matters beyond Friday's repayment deadline for the loan from Royal Bank of Scotland, Liverpool's major creditors who launched the action against the owners.
However, the court will reconvene today when Justice Floyd is likely to give his judgement.
If he rules in favour of RBS, who were seeking a ruling that Hicks and Gillett were in breach of contract and were therefore unable to block any sale, it seems likely a ufffd300million deal to sell to New England Sports Ventures (NESV) will go through.
