Friday, October 8, 2010

NESV Gets Green Light For Liverpool Takeover

New England Sports Ventuers
have moved a step closer to
owning Liverpool after they
passed the Premier League's 'fit
and proper persons' test.
Although George Gillett and Tom
Hicks will attempt to block the Â
£300million sale to the group
owned by Boston Red Sox chief
John Henry in the High Court
next week, the League have
given their backing to the
incumbent owners.
Should Gillett and Hicks succeed
in their objections, Liverpool will
be hit with a nine-point penalty
if parent company Kop Holdings
still set to be placed into
administration next Friday
unless a sale is pushed through.
A league statement read: "The
Premier League has met with
the owners and directors of
NESV regarding their proposed
takeover of Liverpool FC and has
received details, in accordance
with Premier League rules, of
the proposed company and
ownership structure as well as
the make-up of the new board.
"The Premier League is satisfied,
with the information provided,
that the individuals NESV intend
to put in place in the event they
complete their takeover of
Liverpool FC meet the criteria set
out in our owners' and
directors' test.
"The board of the Premier
League will continue working
with Liverpool FC in regard to
this process, however, we are
aware that the formal
completion of this takeover is
yet to be resolved and it is
therefore inappropriate for us
to offer any further comment at
this time."

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