Supreme Court Dismisses Long-standing Case Against Liverpool’s Former Owners – Reports

There is some good news for Liverpool FC as one of the longest cases against the former owners, George Gillett and the Royal Bank of Scotland has come to an end.

This is Anfield reports that Mill Financial’s case against the pair has been dismissed. The problem started when the American company wanted to purchase the club prior to FSG’s purchase of the club and they felt that they were dealt with damages after not getting the club.

The report suggests that Mill Financial were willing to spend up to £385m for the club and that they would have raised £20m on any bid provided by another party.

However, RBS seem to have neglected their advances to buy the club and we ended up in the hands of FSG, who have been our owners for the past seven years.

There are more questions that need to be answered as Gillett had borrowed £70m from Mill Financial, for which he has been paying them back at around £125,000 per month. Dave Phillips, who is a sports business expert, however, revealed that the New York Supreme court has dismissed and discontinued the case.

That will come as huge relief to us all and even though the club were not directly involved in this decision, it does mark the end of the tumultuous and rather horrid experiences we had with our former American owners.

There are many that believe that our current owners are not doing enough to take us to the next level, but we still are run in a more professional manner and we certainly have become healthier financially, thanks to a number of shrewd transfers and as well, a lot of sponsorship deals.

We have one of the best managers in the world now and if we can just get a couple of world-class players into our team, we just might end up winning a trophy or two soon. FSG might not be winning a lot of us over but we have seen darker days and thankfully, those days are slowly getting erased from our memory.