From New England..... to just England.

Baseball fans may be surprised in discovering that the Boston Red Sox owners are in the process of purchasing the English Club Futbol team, Liverpool. New England Sports Ventures, which runs and operates the Red Sox, proposed sale to buy out Liverpool was approved by the Premier League on October 6th, 2010. Current Liverpool owners, American business men George N. Gillett, Jr and Tom Hicks, disapproved the takeover, claiming NESV "dramatically undervales" their club, but were ousted from the club by a board vote of 3-2. However, the takeover is far from over, the case next moves to the courts where the three other board members of Liverpool will attempt to push the sale through.


Two partners of the New England Sports Venture


Gillett Jr and Hicks face $455 million in bank loans and penalty chargers. If the courts overrule the takeover the owners have until Friday to repay the money or may be forced into financial administration, a form of bankruptcy protection applied in Premier League rules.When a team goes into financial administration they face a 9-point penalty deduction and Liverpool is toeing that line. If the courts approve the takeover Gillett Jr. and Hicks will lose $223 million on their investment in the club. Though the current owners will lose money, the NESV has pledged to clear Liverpool's debt and revamp the team which should make Liverpool fans happy. Except that it isn't. Liverpool fans have expressed unhappiness in the "Yanks" attempted takeover of the English club stating that the Americans only care about money not about their club. The next few months in court and the approaching soccer season will have Liverpool fans anxiously awaiting more positive results from the "Yank" owners.

Brits might not be as supportive to the takeover. This fan certainly isn't.