Liverpool agree to sell to Red Sox owners
By Adam Bryant
Updated Wednesday, 6th October 2010
The Liverpool board have agreed the sale of the club to the owners of the Boston Red Sox baseball team, New England Sports Ventures.
"I am delighted that we have been able to successfully conclude the sale process which has been thorough and extensive," announced chairman Martin Broughton.
"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."
Tom Hicks and George Gillett had reportedly rejected the deal, attempting to replace Christian Purslow and Ian Ayre with Hicks' son and friend on the board.
The sale is pending Premier League and legal approval.