Lord Grabiner QC and Erskine Chambers’ Richard Snowden QC have secured a High Court victory in the Liverpool takeover battle after the presiding judge ruled that the club’s £300m sale to New England Sport Ventures (NESV) can proceed.

Mr Justice Floyd handed down his judgment this morning in favour of the Royal Bank of Scotland (RBS), Liverpool’s main creditor, which is owed around £280m by US owners Tom Hicks and George Gillett.