Date: 6th October 2010 at 7:19am
Written by:

BOSTON RED SOX OWNERS TO BUY LIVERPOOL !!!!!!

Coutesy Of BBC SPORT.

But the takeover by the New England Sports Ventures (NESV) is subject to the resolution of a legal dispute with US owners Tom Hicks and George Gillett.

The Premier League will also have to approve the latest American buyout.

Earlier Hicks and Gillett tried to sack managing director Christian Purslow and commercial director Ian Ayre in a last-ditch bid to keep control of the club.

In an attempt to block any sale and regain control of the club, Liverpool’s much criticised owners tried to replace Purslow and Ayre with Hicks’s son, Mack Hicks, and Lori Kay McCutcheon, a vice president at Hicks Holdings.

 

Hicks and Gillett are understood to have argued that the club’s English directors were not acting in the best interests of Liverpool and that the NESV bid – as well another undisclosed offer from Asia – “dramatically undervalued the club”.

Purslow, Ayre and chairman Martin Broughton are now consulting lawyers over whether they can resist the owners’ attempts to replace them and force through a sale.

“I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive,” said Broughton.

“The Board decided to accept NESV’s proposal on the basis that it best met the criteria we set out originally for a suitable new owner. NESV’s philosophy is all about winning and they have fully demonstrated that at Red Sox.

“We’ve met them in Boston, London and Liverpool over several weeks and I am immensely impressed with what they have achieved and with their vision for Liverpool Football Club.

“By removing the burden of acquisition debt, this offer allows us to focus on investment in the team.

I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale
LFC chairman Martin Broughton

“I am only disappointed that the owners have tried everything to prevent the deal from happening and that we need to go through legal proceedings in order to complete the sale.”

NESV currently owns a portfolio of companies including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing.

They are partly owned by futures and foreign exchange trading advisor John W. Henry who has an estimated fortune of £540m.

NESV are thought to be offering about £300m for the club, enough to pay back the £240m of loans and £40m of fees owed to Royal Bank of Scotland, which must be settled at the end of next week.

DO YOU THINK THESE ARE THE NEW OWNERS WE WERE LOOKING FOR ???