It appears as though one of the longest and drawn out M&A sagas of the Premier League is about to end. Various reports, citing Reds chairman, Martin Broughton, say Liverpool FC has finally been sold to New England Sport Venture (NESV), owners of baseball giants, the Boston Red Sox.
Of course, the story doesn't end there. Broughton added that the club may enter legal proceedings against its current owners who unsurprisingly were against the sale and tried to block the deal - by sacking managing director, Christian Purslow and commercial director, Ian Ayre, at the 11th hour.
And why were they against the sale? Well, according to these reports, NESV has offered GBP300 million which is well below the GBP600 million Tom Hicks and George Gillette were holding out for.
Soccernet also reports that Roy Hodgson, who has successfully led the club to its worst start in almost 50 years, will still have a job when NESV officially take over, which is anyone's guess if legal proceedings are initiated against the current owners.
But will this have any effect at all on Liverpool's on-field problems? And will the Kop accept another set of American owners? Stay tuned for more updates.
You can read about the takeover here and here
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