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MILL FINANCIAL, LLC v. GILLETT

652055/10, 3832, 3831.

149 A.D.3d 643 (2017)

2017 NY Slip Op 03133

53 N.Y.S.3d 49

MILL FINANCIAL, LLC, et al., Appellants, v. GEORGE N. GILLETT, JR., et al., Defendants, and THE ROYAL BANK OF SCOTLAND, PLC, Respondent.

Appellate Division of the Supreme Court of New York, First Department.

Decided April 25, 2017.

Defendants George Gillett and Thomas Hicks each owned a 50% share of the Liverpool Football Club of the English Premier League through a series of entities. In January 2008, defendant Royal Bank of Scotland, PLC (RBS) extended loan facilities to defendant Gillett, Hicks, and certain entities through which they owned the Club to refinance the debt with which the Club had been purchased. Simultaneously, plaintiffs Mill Financial, LLC and Mill Football Holdings, PLC (collectively...

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