Tag:John Henry
Posted on: October 12, 2010 12:39 pm
Edited on: October 19, 2010 11:54 am
 

Another bidder enters Liverpool picture

Well, now we've officially written more about the English Premiership than necessary -- but it looks as if Red Sox owner John Henry has company bidding on Liverpool FC.

The Associated Press, among others, reports Singapore businessman Peter Lim has issued a statement saying he has increased his offer to top Henry's group, New England Sports Ventures.

NESV has already signed an agreement to buy the team from Liverpool board of directors, but Tom Hicks and George Gillett are contesting that.

The matter is currently tied up in court in London.

-- C. Trent Rosecrans

For more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter or subscribe to the RSS feed .

Category: MLB
Posted on: October 8, 2010 11:36 am
 

Premier League approves Henry's bid

The Premier League has approved the sale of Liverpool F.C. to a group led by Red Sox owner John Henry.

The Premier League released this statement earlier today:

"The Premier League has met with the owners and directors of New England Sports Ventures (NESV) regarding their proposed takeover of Liverpool FC and has received details, in accordance with Premier League rules, of the proposed company and ownership structure as well as the make-up of the new board.

"The Premier League is satisfied, with the information provided, that the individuals NESV intend to put in place in the event they complete their takeover of Liverpool FC meet the criteria set out in our owners’ and directors’ test.

"The board of the Premier League will continue working with Liverpool FC in regard to this process, however, we are aware that the formal completion of this takeover is yet to be resolved and it is therefore inappropriate for us to offer any further comment at this time."


The sale is believed to be worth £300 million, but a legal challenge by current owners Tom Hicks and George Gillett could stand in the way.

Liverpool faces similar bankruptcy problems that made HIcks' sale of the Rangers such a mess, and this one is just as messy.

The Royal Bank of Scotland holds the debt and has throated to take over the team.

Henry has stated his interest in Liverpool will not impact the Red Sox or their payroll.

-- C. Trent Rosecrans

For more baseball news, rumors and analysis, follow @cbssportsmlb on Twitter or subscribe to the RSS feed .

Category: MLB
 
 
 
 
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