Monday, October 11, 2010

Purslow Confident Of Liverpool Winning Court Battle

Liverpool Managing Director
Christian Purslow says he is
confident that the club will win
its court case against current
owners Tom Hicks and George
Gillett this week, and complete
the £300million takeover by New
England Sports Ventures.
Purslow said that he, club
Chairman Martin Broughton and
Commercial Director Ian Ayre had
done their research and believed
NESV to be the best suitors for
the club.
He said, “We have done our
homework and NESV are buying
this business with cash and
clearing our debt which
transforms our financial position
overnight. A bidder who has
been willing with cash to rid of
us of all this long-term debt is by
far the largest and most
important priority in evaluating
“My total priority has been to try
to remove the debt which has
been put on this club and which
has been a cloud since February
2007. It is wrong that we should
have so much of the money that
comes through the turnstiles or
through our commercial activity
go to pay interest on loans.
Purslow added that he is not
even contemplating the club
going into administration, which
could happen if Hicks and Gillett
win the court case this week.
The High Court in London is
expected to hear the case,
starting on Tuesday.

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