Liverpool said on Friday that a settlement between former owners Tom Hicks and George Gillett and directors involved in the sale of the Premier League soccer club had been agreed following a long-running legal battle.
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Fenway Sports Group completed their take-over in October 2010, bringing to an end the acrimonious reign of Hicks and Gillett who tried to block the sale by RBS bank.
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'' As a repercussion of that sale, Thomas Hicks and George Gillett (being former owners of Liverpool FC ) made a number of allegations and claims against Sir Martin Broughton, Christian Purslow and Ian Ayre (being the company directors responisble for the sale of Liverpool FC to the Fenway Sports Group). Those allegations and claims were denied by Messrs Broughton, Pirslow and Ayre '', Liverpool said in a statement on their website.
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'' The allegations, claims and denials resulted in Legal proceedings being commenced ''.
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Hicks and Gillett alleged that the club had been sold at a ''substantial indevalue'' terming the sale an ''epic swindle''.
They better settle all this dispute on time and face how the team will win subsequent games