Liverpool former owner Tom Hicks has been stopped from suing in the US over the sale of the football club.

Mr Justice Floyd prevented Mr Hicks from taking court action to stop the £300m deal taking place.

The judge said that Hicks could only take action in the UK.

Hicks and former co-owner George Gillett are seeking $1bn in compensation from RBS and former directors. The men think that the club is worth more than £300m so they want damages.

The club was sold to New England Sports Ventures (NESV) last October.

Hicks and Gillett bought the club in 2007 for £220m, just before the club reached the Champions League final for the second time in three years.

But supporters were disappointed by the management’s failure to start work on a new stadium.

During the financial crisis, the owners could not compete with other clubs so they sold it. The men were reportedly hoping to bag £800m but fellow board members thought this was unrealistic so they forced the sale to NESV.