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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."

 

Note to editors:

 

The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. 

 

could someone explain the bit in bold for me please ?

 

My understanding of it was this other yank is paying off the debt and taking comtrol of the club, leaving gillette and hicks with no profit.  I could be wrong like.

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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."

 

Note to editors:

 

The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. 

 

could someone explain the bit in bold for me please ?

 

My understanding of it was this other yank is paying off the debt and taking comtrol of the club, leaving gillette and hicks with no profit.  I could be wrong like.

 

I assume that acquisition debt is financing your purchase by using money borrowed against the value of the club you're buying. Effectively mortgaging the club. What they are saying here is that the potential new owners will be funding their purchase from elsewhere.

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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."

 

Note to editors:

 

The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. 

 

could someone explain the bit in bold for me please ?

 

My understanding of it was this other yank is paying off the debt and taking comtrol of the club, leaving gillette and hicks with no profit.  I could be wrong like.

 

I assume that acquisition debt is financing your purchase by using money borrowed against the value of the club you're buying. Effectively mortgaging the club. What they are saying here is that the potential new owners will be funding their purchase from elsewhere.

cronky makes more sense, sorry gimp.
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This blokes got less money that Ashley/

doesn't matter, it's how much he's willing to spend that matters. better someone with half a billion whos prepared to put in half that than a multi billionaire  who only wants to put in enough to keep things ticking over.
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This blokes got less money that Ashley/

 

Has got a successful track record with the Red Sox and NASCAR too.

 

Ashley knows how to drink a pint in a few seconds and how to sell sports goods to chavs.

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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."

 

Note to editors:

 

The sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters. 

 

could someone explain the bit in bold for me please ?

 

My understanding of it was this other yank is paying off the debt and taking comtrol of the club, leaving gillette and hicks with no profit.  I could be wrong like.

 

I assume that acquisition debt is financing your purchase by using money borrowed against the value of the club you're buying. Effectively mortgaging the club. What they are saying here is that the potential new owners will be funding their purchase from elsewhere.

cronky makes more sense, sorry gimp.

 

Thats what i meant! :razz:

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This blokes got less money that Ashley/

 

Has got a successful track record with the Red Sox and NASCAR too.

 

Ashley knows how to drink a pint in a few seconds and how to sell sports goods to chavs.

I know I'm just saying I find it odd, how these americans can buy a club which was valued by forbes at more than he is worth, I know they are only going to end up paying off the debt and probably get the club for nowt.

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Guest ObiChrisKenobi

Wasn't even a full transfer, just a loan with the option to buy. So Juve got a free creative player for a season, and if he's shite he'll be back at Liverpool. Odd considering Liverpool need a creative player pretty desperately at the moment.

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I think Aquilani was a crucial mistake. A lot of hope and money was invested in him, and he just wasn't up to it. He's not strong enough or athletic enough for Premiership football.

 

There's always an element of chance with buying players from abroad, but this one ought to have been forseen.

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I think Aquilani was a crucial mistake. A lot of hope and money was invested in him, and he just wasn't up to it. He's not strong enough or athletic enough for Premiership football.

 

There's always an element of chance with buying players from abroad, but this one ought to have been forseen.

 

He's always had a poor injury record and IIRC he never played in a full game in the season before signing for Liverpool.

 

Definitely a strange choice.

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Liverpool are a lucky club - they will always land on their feet.

 

 

 

Not true - they were in a worse state than NUFC when Shankly arrived there and he built a great club from nothing..we had every chance to do the same but we had an unambitious board. That is why they became a top European side and we staggered from crisis to crisis until we had some years of stability under SJH and KK, but it didn't last. Even when Shankly retired, he had left in place a system which ensured continuity and the board were sensible enough to keep that going.

 

Good luck to them - if we had been as well-run over the years, we too may have secured a decent buyer when Ashley tried to sell.

The only thing I resent is that they DO get a lot of media favour but then, that is what other teams' fans accused US of in the 90s...

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Liverpool are a lucky club - they will always land on their feet.

 

 

 

Not true - they were in a worse state than NUFC when Shankly arrived there and he built a great club from nothing..we had every chance to do the same but we had an unambitious board. That is why they became a top European side and we staggered from crisis to crisis until we had some years of stability under SJH and KK, but it didn't last. Even when Shankly retired, he had left in place a system which ensured continuity and the board were sensible enough to keep that going.

 

Good luck to them - if we had been as well-run over the years, we too may have secured a decent buyer when Ashley tried to sell.

The only thing I resent is that they DO get a lot of media favour but then, that is what other teams' fans accused US of in the 90s...

 

Some of the boards NUC have had make you wanna weep.

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