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Liverpool closer to sale with court win

The board has at least two offers to consider following the ruling which makes the alternative prospect of going into administration less likely.

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Earlier fans wearing the club's red shirts and scarves had pushed with journalists to get into the tiny oak-panelled court room to hear Justice Floyd deliver his almost hour-long verdict.

"We're delighted with the result," chairman Martin Broughton said after emerging from court, shouting over the noise of singing fans. "Justice has been done. This will clear the way for the sale."

The ownership battle engulfing one of the world's most famous sporting institutions ended up in court after owners Tom Hicks and George Gillett tried to sack members of the board last week in a last ditch bid to keep control of the club.

The ruling means the future now looks much brighter for Liverpool, England's most successful football domestic team, as they look to negotiate a deal ahead of Friday's deadline.

"We are ready to move quickly and help create the stability and certainty which the club needs at this time," NESV said. "It is time to return the focus to the club itself and performances on the pitch."

"This morning's announcement means that the possibility of administration is now highly unlikely and the smart money is on the deal with NESV now going through," Gerald Krasner, a partner at insolvency and recovery specialist Begbies Tra