Soccer

Liverpool FC Agrees on Sale to Red Sox Owner John Henry

| by World Soccer Reader

Liverpool FC’s board has agreed to sell the club to American sports group New England Sports Ventures, a company owned by John W. Henry, principal owner of the Boston Red Sox baseball team.

The amount of the deal was not disclosed, although it is believed to be in the region of 300 million pounds.

NESV subsidiary Fenway Sports Group has experience working with soccer clubs, agreeing a deal to manage Fulham FC’s North American marketing in 2009. FSG also arranged a friendly between Sporting CP(Portugal) and Celtic FC(Scotland) at Fenway Park over the summer.

“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. said Liverpool Chairman Martin Broughton via the club’s official website.

“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.”

Henry became principal owner of the Boston Red Sox in 2002, having since led the club to 2 World Series Championships. The deal is still pending official Premier League approval and legal terms as current owners George Gillett and Tom Hicks are attempting to block the sale.