The High Court Judge has ruled against Hicks and Gillette and ruled in favour of The Royal Bank of Scotland and the current Liverpool Board headed by Martin Broughton.
The verdict may be subject to appeal.
The 2 Yanks have now got a temporary injunction from a Texas state court blocking the sale until at least 25th October, and while this doesn't affect Liverpool directly it does affect those involved in the sale i.e. RBS Martin Broughton, and NESV ,who would all be in contempt of court should the sale go through.
It's a straw-clutcher by H&G, this is on BBC website:-
BBC Business Editor Robert Peston reported: "Although the Texas court has no direct jurisdiction in the UK, both New England Sports Ventures and Liverpool's bankers, Royal Bank of Scotland, would not wish to be seen to be wilfully defying that court, because that could cause harm to their substantial US operations.