Liverpool FC Sell To Red Sox

The 300 million sale of Liverpool Football Club was finally completed this week as New England Sports Ventures (NESV) replaced former owners Tom Hicks and George Gillette. NESV’s other ventures include Boston’s highly successful basketball team the Red Sox. All acquisition debts have been written off, significantly reducing the clubs debts from a total of 30 million a year to just 3 million.

Hicks and Gillette were to blame for the 30 million a year acquisition debt as they borrowed from the Royal Bank of Scotland when they bought the club back in 2007. This is the cause of a series of disagreements which made Hicks and Gillette deeply unpopular with the fans. Despite the threat that Liverpool FC would become an asset of the bank if the loans were not repaid by 12 October this year the pair refused to negotiate on their asking price for the club which was set at 800 million.

When NESV began talks with RBS over the sale of the club, Hicks and Gillette immediately enlisted the help of a Texas court to block the sale. Due to UK regulations this was lifted this week. What has become apparent over the past years is the pair’s blatant disregard for the future of the club as they desperately attempt to line their own pockets. They were reluctant to sell to NESV as it became apparent they would make an extremely small return on the sale. They are not launching a legal battle against the bank to claim $1.6 billion in compensation.

Meanwhile, Liverpool fans are delighted at the takeover and are eagerly awaiting improvements at Anfield. NESV are also looking into moving the club to a larger and more modern ground. Primary owner, John W. Henry announced the company’s commitment to winning, and promised to return Liverpool FC “to greatness on and off the field for the long-term”.

However, Liverpool’s performance showed no signs of improving on Sunday as they were beaten 2-0 by rivals Everton at the Merseyside Derby match.

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