A British High Court judge ruled against the American owners of Liverpool Football Club Wednesday in their bid to stop the team's sale to a U.S. group.
The judge said Tom Hicks and George Gillett have no right to veto the sale and refused their right to appeal.
Hicks and Gillett had gone to court Tuesday to fight the team's acquisition by New England Sports Ventures, the owners of baseball's Boston Red Sox.
The club's board approved the deal last week without the consent of Hicks and Gillett as a way to rescue the club from its financial problems and put it back on a winning path.
Hicks and Gillett, however, said through their lawyers that superior offers had been on the table and were not chosen. They have said they feel the offer by NESV does not match their valuation of the club.