NESV insists Liverpool were not cheap

Former Liverpool owners Tom Hicks and George Gillett has claimed that they were victims of an ‘epic swindle’ when the club board decided to accept NESV’s £300million bid for the Reds.

“I know some people are saying this was a cheap price for the club but there is no way we look at it like that,” said NESV owner John W Henry.

“As you do due diligence, if you are really diligent you are trying to find everything that’s wrong – and we found plenty.

“There is a huge amount of work to do here and it will take a long time. There were big financial issues but in the end we decided we really wanted to compete at this level.

“We have to be smart, bold and aggressive because it’s a great challenge. There were lots of reasons why we could have decided not to go through with this.

“There were many times we thought it was too big a challenge but this club is worth it – and we are excited by that challenge.”