Boston Red Sox Owners Set to Buy Liverpool FC
Could the Once Mighty Liverpool Football Club Be Sold to Red Sox
The Liverpool club was put up for sale by Hicks and Gillett, the current American owners in April with debts of £351.4m. They initially listed an asking price of about £800m ($12m), which was later lowered to £600m ($900m).
The club directors have been unhappy with the current owners, who not only allowed the club to sink deep into debt, but failed to build a much needed new stadium to replace the ageing ground at Anfield.
New England Sports Ventures currently owns a range of companies in Boston, a list that includes the Boston Red Sox, New England Sports Network, Fenway Sports Group and Rousch Fenway Racing. They are partially owned by John W. Henry, a futures and foreign exchange trading advisor, who has an estimated fortune of £540m.
It is thought that New England Sports Ventures are offering about £300m for Liverpool Football Club, which would be enough to pay back loans and fees totaling £280m that are owed to the Royal Bank of Scotland, and which must be paid by the 15th October to avoid a £60m penalty fee.
It's not only off the football pitch that Liverpool are having problems. They are currently in 18th place in the Premier League, and if their performance does not improve, they could end up being relegated, which has not happened since the 1953-1954 football season.
Source:
Published by Tony Payne
Tony Payne is a freelance writer who lives on the South Coast of England with his wife Debbie. He has worked in the IT Industry all his life, and has been writing on various sites for the last 10 years. T... View profile
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10 Comments
Post a CommentMaybe we will get the games here in the US? The NFL keeps trying to figure out how to take the American game to Europe, why not a little of the reverse? I'd watch!
Hadn't heard about this, thanks.
Hope to be back reading and writing soon, but for now pv luv 2 U.
The Bucs owners bought a Soccer team and spent less on the Bucs. This might hurt the Red Sox in the long run financially. sorry I know you guys call it football:)
This is news we definitely missed, I can't wait to tell my husband. Cheers :)
Very interesting... I'm a Red Sox fan, and I can tell you that NESV is investing in a wide variety of sports ventures. So far, they seem to have a Midas touch with everything they touch. Good report!
You win some, you lose some. But that doesn't make it easy.
Heck. Is nothing sacred?!
Neat!
You never know! Great article.