Thanks to their recent fortunes, Liverpool fans are now among the most skeptical in the world, so the news of another potential takeover of their club by the latest group of American blown-in’s was greeted with less than enthusiasm by Reds supporters.
Interest picked up again though when the club’s potential new owner, New England Sports Ventures (NESV), had their 300-million pound bid accepted by the club’s board on Tuesday.
But it looks like the sale won’t go ahead without a fight. Legal action will be needed to force the existing American owners out and push through the sale to NESV, which owns the Boston Red Sox.
As a potential sweetener, NESV have pledged to clear Liverpool’s debt - which currently stands at $453 million - when it takes over.
"Our objective is to stabilize the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies," NESV said in a statement this week. "NESV wants to bring back the culture of winning to Liverpool FC."
The clubs current co-owners Tom Hicks and George Gillett Jr. reportedly want to sell it for about $952 million pounds – an astronomical figure that has deterred potential interest to date. Hicks and Gillett bought the club for $276 million pounds taking on $71.1 million of liabilities, and now they say their ambitious asking price reflects the amount of money they had since invested in the team.
Meanwhile, Liverpool’s board say they’re very impressed with the NESV’s history of success with the Red Sox, who ended an 86-year dry spell with a World Series title in 2004 before going on to win the championship in 2007.
Liverpool fans will be hoping for a similar reversal of fortune, for a club that was once a formidable first division force to be reckoned with, but nowadays have been short of a domestic league title since 1990.
Moving to Ireland
After living in Ireland for almost one year, this is what I’ve learned