The sale of Liverpool cleared another hurdle on Thursday when the club's chief creditors secured a High Court injunction to restrain the ruling of a Texas district court that put a temporary hold on the sale.
The Royal Bank of Scotland (RBS) had won a ruling on Wednesday allowing them to sell the club to New England Sports Ventures (NESV) before the club's current owners George Gillett and Tom Hicks secured the restraining order in a Dallas Court.
The Judge in Thursday's hearing in London strongly condemned Hicks and Gillett for taking "unconscionable" action in the US courts to try to block the sale of the club.
Earlier in the day Singapore businessman Peter Lim withdrew his 320 million pounds ($512.7 million) offer to buy the club.
"It has become clear to me that the Board is intent on selling the club to New England Sports Ventures (NESV) to the exclusion of all other parties, regardless of the merits of their bids," Lim said in a statement.
"In these circumstances, I am not able to proceed with my intention to acquire the club
Lim, who made his fortune through stockbroking, said he had received no response to his offer.
"I have tried to engage constructively with the board and Royal Bank of Scotland based on an offer, funded from my existing resources, providing greater value for Liverpool Football Club, more cash for players, full repayment of all bank debts and a long term personal commitment to build a better future for the club and its supporters," he said.
"The board and RBS have chosen not to respond or to discuss my offer with me. My representatives even offered to meet the board last night. This was ignored, although NESV was invited to attend that meeting."
Lim said his interest in buying Liverpool could be revived if "current events cause the circumstances to change".
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