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ThE MaStEr

Boston Red Sox set to buy Liverpool Club for £ 300 mn




MUMBAI: Though there is opposition from Liverpool Football Club’s current owners Tom Hicks and George Gillette, the club has said that it has agreed to sell it to the owners of the Boston Red Sox.

"The board decided to accept New England Sports Ventures (NESV)'s proposal on the basis that it best met the criteria we set out originally for a suitable new owner," Liverpool chairman Martin Broughton said.

The £300 million bid by New England Sports Ventures, the holding company for the Red Sox, was accepted by Liverpool's board of directors but for an opposition by the current owners who thought that they're getting “lowballed”.

The proposed sale to NESV would see Hicks and Gillett lose £144 million on their Liverpool investment. That figure stems from loans the two owners have given to the club that would probably go unpaid under the agreement between Liverpool and NESV.


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Boston Red Sox set to buy Liverpool Club for £ 300 mn





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