Wednesday, October 6, 2010

Liverpool Confirms Two New Offers

Liverpool have received "two excellent financial offers" to buy the club that would repay all their long- term debt, the struggling Premier League club said. British media reported the owners of the Boston Red Sox baseball team had lodged a bid while the other offer came from Asia. The Red Sox were not immediately available for comment. "A Board meeting was called today to review these bids and approve a sale," the club said in a statement on their official website ( on Tuesday. "Shortly prior to the meeting, the owners -- Tom Hicks and George Gillett -- sought to remove managing director Christian Purslow and commercial director Ian Ayre from the Board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon. "This matter is now subject to legal review and a further announcement will be made in due course," the statement added. "(Chairman) Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the club at the earliest opportunity." A statement from Hicks and Gillett said the offers "dramatically undervalue the Club" but they were committed to finding a buyer that would sustain the future of Liverpool. "We will however resist any attempt to sell the Club without due process or agreement by the owners," the BBC quoted the American owners as saying.

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