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Christian Purslow Was Against NESV’s ‘Bottom Of The Barrel’ Liverpool Deal

Liverpool’s former Managing Director felt NESV were not what the Anfield club were looking for.

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Former Liverpool FC managing director Christian Purslow described selling the club to New England Sports Ventures as a “bottom of the barrel” deal, it was revealed in court yesterday.

In a sensational email sent just a month before the deal with NESV was completed, Mr Purslow told LFC board members:

    He did not believe NESV had the money for a new stadium.
    Their bid was at the “extreme bottom end” of what was wanted.
    John Henry’s background as a hedge fund financier “could not be worse” for PR.
    The only positive was that they “existed”.

The email was disclosed by Tom Hicks and George Gillett’s legal team as they try to have an anti-suit injunction stopping them from suing for damages outside the UK or European Union lifted.

They want to show that the deal accepted for LFC undervalued the club and ignored other, higher offers.

It is not known whether Mr Purslow changed his mind about the deal or if it improved in the month before the sale.

The email was sent to fellow LFC directors Ian Ayre, Phillip Nash, and then chairman Sir Martin Broughton on September 15 last year.

Mr Purslow urged the trio to “avoid the natural temptation to jump straight into the deal with NESV”, and then lists all the negative elements in their bid.

He wrote: “So what is positive? Answer, they exist. Which is not a lot, but it is not to be underestimated in importance.”

He then suggests they “double check that none of the possibles who have come and gone in the past 18 months to apparent levels lower than Sharjah but higher than NESV are not there.

“So I repeat this is a bottom of the barrel outcome.”

Source: Liverpool Echo

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