New England Sports Ventures will remove all "acquisition debt" from Liverpool if their takeover is successful, a statement from the American company promised yesterday.
New England Sports Ventures will remove all "acquisition debt" from Liverpool if their takeover is successful, a statement from the American company promised yesterday.
The owners of the Boston Red Sox confirmed their bid, understood to be for ufffd300million, had been accepted by Liverpool's board ufffd though current owners Tom Hicks and George Gillett have launched a legal challenge opposing that acceptance. A statement from New England Sports Ventures (NESV) read: "NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt.
"Our objective is to stabilise the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies. Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties.
"Our portfolio of companies, including the Boston Red Sox and Fenway Park, New England Sports Network, Fenway Sports Group and Roush Fenway Racing are all committed to one common goal: winning. NESV wants to help bring back the culture of winning to Liverpool FC.
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