Hicks Says $476M Bid Undervalues Liverpool

Law360, New York (October 8, 2010, 6:29 PM EDT) -- Liverpool Football Club co-owner Tom Hicks — who recently unloaded the bankrupt Texas Rangers — has tried to thwart the sale of his debt-ridden soccer team, saying the current $476 million bid by the owners of the Boston Red Sox dramatically undervalues the club.

Hicks, who sold the Texas Rangers in April to an ownership group led by Hall of Fame pitcher Nolan Ryan, has said he's leaving the world of professional sports, but the exit is proving to be a messy one.

The Rangers' Chapter...
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