Club announces that the Board
has agreed the sale of the Club to
New England Sports Ventures
(NESV).
New England Sports Ventures
currently owns a portfolio of
companies including the Boston
Red Sox, New England Sports
Network, Fenway Sports Group
and Rousch Fenway Racing.
Martin Broughton, Liverpool FC
Chairman, said:
"I am delighted that we have
been able to successfully
conclude the sale process which
has been thorough and extensive.
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."
The sale is conditional on Premier
League approval, resolution of
the dispute concerning Board
membership and other matters.
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