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Liverpool new owner 'to move club's debts' in deal

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What Liverpool fans think of takeover

Liverpool's prospective new owner has vowed to clear the Premier League outfit's debts if it takes over.

New England Sports Ventures (NESV) issued a statement saying it would move "all acquisition debt" away from the club if its £300m bid succeeds.

NESV, which owns the Boston Red Sox baseball team, confirmed its bid has been accepted by the Liverpool board.

But Reds owners Tom Hicks and George Gillett are trying to block the sale, which they say undervalues the club.

In an effort to keep control of the Anfield side, Hicks and Gillett are trying to replace Liverpool's managing director Christian Purslow and commercial director Ian Ayre with Hicks' son Mack and a business associate, Lori Kay McCutcheon.

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Dan Roan, BBC sports news

Purslow, Ayre and chairman Martin Broughton are now consulting lawyers as they attempt to resist attempts to replace them and force through a sale to NESV.

NESV revealed its intentions for Liverpool in a statement issued on Wednesday.

"NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt," it read.

"Our objective is to stabilise the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies.

"Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties.

"Our portfolio of companies - including the Boston Red Sox and Fenway Park, New England Sports Network, Fenway Sports Group and Roush Fenway Racing - are all committed to one common goal: winning.

Full interview with Martin Broughton

"NESV wants to help bring back the culture of winning to Liverpool FC.

"We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC."

Broughton said the deal would mean Hicks and Gillett losing about £140m but added the new owners had pledged a 60,000-seat stadium - either by redeveloping Anfield or on a new site.

BBC Sport understands manager Roy Hodgson will be given time by the Massachusetts-based partnership to turn around the club's fortunes on the field, having dropped into the relegation zone after the weekend's defeat at home to Blackpool.

If the sale goes through, they will assess the situation and it is thought Hodgson still retains the support inside Anfield.

The Premier League expects the hurdles for the takeover bid to be cleared this week.

Hicks and Gillett, the club's much-criticised American owners, have stated the NESV bid - and a rival one from an Asian consortium - "dramatically undervalues" Liverpool's worth.

NESV is thought to be offering about £300m for the club, enough to pay back the £240m of loans and £40m of fees owed to Royal Bank of Scotland, which must be settled by 15 October else a penalty fee of £60m will be due.

Hicks and Gillett are believed to value the club at £600m.



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see also
Reds owners' fight 'set to fail'
06 Oct 10 |  Liverpool
Who is Liverpool's new owner?
15 Oct 10 |  US & Canada
Red Sox owners to buy Liverpool
06 Oct 10 |  Liverpool
Liverpool owners dismay chairman
06 Oct 10 |  Business
When baseball meets football
15 Oct 10 |  Liverpool
Liverpool board split over bids
06 Oct 10 |  Liverpool
Relegation form worries Hodgson
04 Oct 10 |  Premier League
Hodgson understands fans' protest
26 Sep 10 |  Liverpool
Liverpool chief calms money fears
22 Sep 10 |  Liverpool
Hodgson sorry for Cup humiliation
23 Sep 10 |  League Cup
Hicks to target Liverpool buyout
17 Sep 10 |  Liverpool
Benitez slams Liverpool hierarchy
21 Sep 10 |  Europe
US pair agree Liverpool takeover
06 Feb 07 |  Liverpool


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