Cosmo
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Board agree proposed sale
Liverpool Football Club today announces that the Board has agreed the sale of the Club to New England Sports Ventures (NESV).
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."
http://www.liverpoolfc.tv/news/latest-news/board-agree-proposed-sale
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_Allan_
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Registered: 24th Mar 04
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I was hoping to pick it up cheap on ebay 
More Yanks though  , however seem a better prospect with good form. 
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Cosmo
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Registered: 29th Mar 01
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Yeah more damn yanks, although they seem to have a great reputation in Boston.
Hope he comes out soon to give his views on how he wants to progress this club.
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Ben J
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Registered: 31st Jan 05
Location: Cheshire
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Same shit, different owners.
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Ben J
Same shit, different owners.
Could well be.
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Cosmo
Yeah more damn yanks, although they seem to have a great reputation in Boston.
Hope he comes out soon to give his views on how he wants to progress this club.
I heard he is friends with Steve McClaren.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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lol I like the fact you can appear now this is happening but not when Blackpool beat you 2-1 at Anfield 
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Nath
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Registered: 3rd Apr 02
Location: MK
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Mate he isn't allowed on here anymore. This one thread probably cost him a holiday or something.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Do you think he had to wake up early to sneak on?
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Nath
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Registered: 3rd Apr 02
Location: MK
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In fact yes, I bet she doesn't even know about this.
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Cosmo
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Registered: 29th Mar 01
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Go on holiday on Friday morning which is why I havent been on as soooo busy.
Could be same shit different owners. Could well be the sort of owners were after (no debt on club, self funding, etc.). Could be even worse. No idea yet but at least Hicks is out.
Oh, and you 3 fuckers can GTF doing some sort of organised texting. Gays.
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Tommy L
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Registered: 21st Aug 06
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Are the players going play better now and win?
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Tommy L
Are the players going play better now and win?
Hopefully they'll be played in the correct positions now and win.
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Nath
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Registered: 3rd Apr 02
Location: MK
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quote:
Originally posted by Cosmo
Oh, and you 3 fuckers can GTF doing some sort of organised texting. Gays.
What?
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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Yeah what you on about?
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Cosmo
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Registered: 29th Mar 01
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fags
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Nath
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Registered: 3rd Apr 02
Location: MK
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I don't smoke mate.
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Steve
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Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
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what do yanks know about 'soccer'
relegated next season imo
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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Cautious optimism, they can't be any worse than H&G and there reputation amongst red sox fans seems very good. Hopefully it goes through before the chumps can mount any legal battle.
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Rob_Quads
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Registered: 29th Mar 01
Location: southampton
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Is there a proposed timescale for this as it seems like its all dependant on the legal dispute i.e. its far from done and dusted
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Cosmo
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quote:
Originally posted by Rob_Quads
Is there a proposed timescale for this as it seems like its all dependant on the legal dispute i.e. its far from done and dusted
Legal battle should hopefully be nothing more than a side show. Fact is both Hicks and Gillett signed over control to the board and they have made the call on the sale. They'd have to prove the board didnt act in the best interests - but that can be done post sale.
The loans are due on 15th Oct, with a further £60m penalty due then if they arent repaid - so theyd be hard pressed to prove it.
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Tom
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Registered: 3rd Apr 02
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quote:
Originally posted by Rob_Quads
Is there a proposed timescale for this as it seems like its all dependant on the legal dispute i.e. its far from done and dusted
As I understand it....
The offer has been accepted, the important timescales are:
- NESV getting clearance from the league
- The loan deadline date (which is some time in the next week/ten days).
H&G have had refinancing (against the clubs assets) blocked by the board, they then tried to sack the board when they were accepting the NESV offer which they failed to do. They will try and launch a legal battle to stop the sale going through. If the legal battle isn't up and running by the time the loan is due to be called in then RBS should/might/could call the loan in and let the sale proceed anyway.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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quote:
Originally posted by Cosmo
quote:
Originally posted by Rob_Quads
Is there a proposed timescale for this as it seems like its all dependant on the legal dispute i.e. its far from done and dusted
Legal battle should hopefully be nothing more than a side show. Fact is both Hicks and Gillett signed over control to the board and they have made the call on the sale. They'd have to prove the board didnt act in the best interests - but that can be done post sale.
The loans are due on 15th Oct, with a further £60m penalty due then if they arent repaid - so theyd be hard pressed to prove it.
This.
The main point they will try to prove is that we have sold the club for less than it's worth, therefore they aren't realising any profits from the last 4/5 years of 'hard work' which is nonesense. The sheer fact the £60m penalty would have been incurred demonstrates a level of instability and therefore casts serious doubts of the value H&G put on the club.
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Cosmo
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Registered: 29th Mar 01
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Theyd also have to prove that another (serious and had the cash) buyer was out there willing to offer more than was accepted.
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Ben D
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Registered: 25th Apr 05
Location: South West
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quote:
Originally posted by mwg
lol I like the fact you can appear now this is happening but not when Blackpool beat you 2-1 at Anfield
1st thing i thought when i saw this thread.
Fairweather fans 
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