Liverpool Football Club today announces that the Board
has agreed the sale of the Club to New England Sports Ventures
(NESV).
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New England Sports Ventures currently owns a portfolio of
companies including the Boston Red Sox, New England Sports Network,
Fenway Sports Group and Rousch Fenway Racing.
Martin Broughton, Liverpool FC Chairman,
said:
"I am delighted that we have been able to successfully conclude
the sale process which has been thorough and extensive. The Board
decided to accept NESV's proposal on the basis that it best met the
criteria we set out originally for a suitable new owner. NESV's
philosophy is all about winning and they have fully demonstrated
that at Red Sox.
"We've met them in Boston, London and Liverpool over several
weeks and I am immensely impressed with what they have achieved and
with their vision for Liverpool Football Club.
"By removing the burden of acquisition debt, this offer allows
us to focus on investment in the team. I am only disappointed that
the owners have tried everything to prevent the deal from happening
and that we need to go through legal proceedings in order to
complete the sale."
Note to editors:
The sale is conditional on Premier League approval, resolution
of the dispute concerning Board membership and other
matters.