Liverpool owners to block takeover

The Liverpool board have confirmed that they have accepted an bid for the club from the owners of the Boston Red Sox baseball team.

New England Sports Ventures (NESV) is the parent company of the Boston Red Sox.

The situation at Liverpool is now under legal review, something that is expected to hold up any deal.

Independent chairman Martin Broughton, managing director Christian Purslow and commercial director Ian Ayre voted for the sale last night, while Hicks and Gillett voted against.

Hicks and Gillett treid to replace Purslow and Ayre with Hicks’ son Mack and Lori Kay McCutcheon, financial controller at Hicks Holdings.

“In April, we confirmed our agreement to sell Liverpool Football Club, and stated our commitment to finding the right buyer for LFC, one that could support and sustain the club in the future. We remain committed to that goal,” said Hicks and Gillett’s statement.

“The owners have invested more than 270 million US dollars in cash into the club, and during their tenure revenues have nearly doubled, investment in players has increased and the club is one of the most profitable in the EPL.

“As such, the board has been presented with offers that we believe dramatically undervalue the club.

“To be clear, there is no change in our commitment to finding a buyer for Liverpool Football Club at a fair price that reflects the very significant investment we’ve made.

“We will, however, resist any attempt to sell the club without due process or agreement by the owners.”