After a night of real drama the Anfield club a new owner.
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Liverpool FC Agrees Sale To Baseball Owners
A proposed deal to sell Liverpool Football Club to the owners of the Boston Red Sox has been agreed, the club has confirmed.
Sky News City editor Mark Kleinman said: “A deal was agreed to sell Liverpool Football Club to New England Sports Ventures, the owner of the Boston Red Sox.”
However, he added that completing a deal is still likely to be “pretty tricky”.
“The deal would effectively eradicate Liverpool’s long -term debt – which is about £250m – but there will not be much money left on the table.
“The current owners (Tom Hicks and George Gillett Jr) do not want this deal to happen because they will not receive any or, if any, only a small amount of the proceeds.”
In a new twist in a bitter boardroom battle, Liverpool FC statement last night confirmed Mr Hicks and Mr Gillett had tried to remove managing director Christian Purslow and commercial director Ian Ayre from the board of directors and replace them with Mack Hicks and Lori Kay McCutcheon.
The statement added: “This matter is now subject to legal review and a further announcement will be made in due course.”
Liverpool – languishing in the relegation zone under new boss Roy Hodgson – has an October 15 deadline to repay debts to the Royal Bank of Scotland resulting from the 2007 takeover by Hicks and Gillett.
After that deadline, RBS would be allowed to take control of it, the asset against which the loans are secured, and sell the club on to recoup the cash.
RBS’ position over the loans has contributed to the reluctance of interested parties to submit formal bids.
Mr Hicks and Mr Gillett initially wanted around £800m for Liverpool, a figure that dropped to £600m.
Earlier this year, the American duo also turned down a £110m bid from New York-based Rhone Group for 40% of the club. (Sky News)
A deal has now finally been struck and the club appears to have finally rid itself of it’s American owners after they sold the club to…. new American owners. Luckily it appears New England Sporting Ventures have actual capital as opposed to a mountain of debts.
Does this signal a new era at Anfield? Only time will tell. Will Roy Hodgson be replaced? The next ten days will be most interesting indeed.