Wednesday, October 6, 2010

Premier League Gives Go Ahead For LFC Sale

The takeover of Liverpool football club has moved a step closer after the Premier League gave the proposed deal the go ahead. A £300m bid from by New England Sports Ventures has been accepted by the current board although co-owners George Gillett and Tom Hicks are opposed to the deal and could yet try and block the move. There are also other interested parties but the NESV offer appears favourite to go through. The Premier League claim they have been kept fully aware of a possible takeover and will have completed the all the necessary process by Friday. The league said in a statement: "The board of the Premier League has been kept fully informed of developments regarding the potential sale of Liverpool FC by the chairman and senior executives of the club and has, accordingly, been made aware of a number of potential prospective owners in recent weeks. "We can confirm that Liverpool FC has formally notified the Premier League of an intended change of control and that the board has undertaken to complete all the necessary processes by Friday, October 8 so that the sale of the club can proceed."

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