Broughton said: “The court will ultimately decide whether the owners were successful. The reasoning behind it was that the owners felt we were reviewing two bids which they considered undervalued the club and therefore they wished to remove Christian and Ian and replace them with Mack Hicks, who is Tom’s son, and Lori McCutcheon, who also works with him.
“We don’t think it was valid to do it. Essentially when I took the role they gave a couple of written undertakings to Royal Bank of Scotland. Those written undertakings included that I was the only person entitled to change the board and that was written into the articles of the covenants, and also that they would take no action to frustrate any reasonable sale. And I think they flagrantly abused both of those written undertakings.”
When asked about Liverpool’s debt Broughton had this to say: “All of the acquisition debt that was involved in the current owner’s acquisition will be removed completely. We’ll still have what we call normal working capital debt and there’s a facility there for the new stadium which will remain in place, but to all intents and purposes all the major debt that has been causing our problem has been paid off.”
He said, “I would be totally outraged if we were to be connected in anyway to Liverpool football club. I urge any Sox fans to look at the anti-American hatred that this club has been spurting out over the past few years. Liverpool is a club with many, many problems – if we bail them out those problems will simply spread over to us.”
“I think the demonstration is: let’s look at what they have done at Boston, what they said in Boston, what they have done in terms of investing in players – and I think you get a high degree of confidence of their willingness to do that” and “there’s definitely a commitment to invest in a stadium and we will finish up with a 60,000-plus seater.”