New England Sports Ventures (NESV) today announces that it has completed the purchase of Liverpool Football Club.
NESV wishes to extend its sincere gratitude to the Board of Liverpool FC for their diligence and their efforts on behalf of the Club and its supporters.
The transaction values the Club at £300m and eliminates all of the acquisition debt placed on LFC by its previous owners, reducing the Club's debt servicing obligations from £25m-£30m a year to £2m-£3m.
New England Sports Ventures is committed to winning and currently owns a portfolio of companies, including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Roush Fenway Racing.
Liverpool’s drawn-out sale to the owners of the Boston Red Sox was completed Friday after a bitter trans-Atlantic court fight over English football’s most successful club with the previous American owners.
“We are committed first and foremost to winning,” said John Henry, the financier who heads NESV. “We have a history of winning, and today we want LFC supporters to know that this approach is what we intend to bring to this great club.”
“As every Liverpool fan knows, the most nerve-racking way to win a match is by a penalty shootout,” - said club chairman Martin Broughton, referring to Liverpool’s fifth European Cup triumph against AC Milan in 2005.
The sale finally went through after Hicks and Gillett withdrew the temporary restraining order blocking the sale they had obtained in a Texas court. Later, they also dropped their claim for $1.6 billion in damages.
“The most important thing is that NESV have cleared us of all the debts which, frankly, shouldn’t have been on the club in the first place.”
“All that huge amount of money that our fans spend supporting our team, coming to games and all the other activities is now available for what it should be available for, to invest.” - managing director Christian Purslow.
Henry insisted that NESV’s deal wasn’t a leveraged buyout. The acquisition debt has been eliminated and the cost of servicing the club’s debt has slumped from $40 million to $48 million a year to $3.2 million to $4.8 million.
Amid the takeover turmoil, Liverpool is mired in the relegation zone after its worst start to a league season since 1953. Henry said it was too early to decide on specific plans, but noted the Red Sox are the second-highest spending club in baseball. Liverpool manager Roy Hodgson expects to have cash to spend in the January transfer window to strengthen the struggling team.
“In future we can invest in players in a different way,” – Roy Hodgson.
Source: LiverpoolFC.tv
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In a statement released by Liverpool FC official website yesterday, 
Mr Justice Floyd had earlier upheld the claim by RBS for breach of contract against Hicks and Gillett after they attempted to block the sale last week by dissolving the board, contravening an agreement signed as a condition of refinancing last April that also led to the appointment of Broughton. The QC representing Hicks and Gillett had said in court that the pair accepted their time as owners of Liverpool had come to an end but that they believed the club was worth more than it was being sold for.
The Cobblers defied all the odds to book a place in round four after both David Ngog and Nathan Eccleston missed for the home side during the shoot-out.
However, the Bulgarian ensured United would enjoy the bragging rights when he nodded in his third of the game six minutes from the end to leave the away side empty-handed.
This is what Wayne Rooney had to say when asked about his position as a role model in the game back in March following the revelations surrounding John Terry’s private life. [
The deadline for the refinancing of the owners' personal loans from RBS is 6 October, and that now looks set to be the date that Hicks and Gillett's association with England's most successful club will end. The bank's decision to switch the debts to its Global Restructuring Group is the strongest possible signal that these loans will not be extended.
Replace Owen with Fernando Torres this summer and the parallels are clear yet, even though the calls for Houllier's removal far exceeded those for Benítez, Liverpool's support is now politicised like never before. Instead of bridging the gap, Hicks and Gillett have cut Liverpool adrift – from title contention, the Champions League and from the faithful. Hicks hoped to win the latter back by ceding to Benítez's demands on his last, powerful contract at Anfield, but he had no chance.
The Argentine midfielder passed a medical at the Nou Camp earlier today and has now put pen to paper on his new contract. 
The 29 year-old Englishman is expected to cost Liverpool around £4million and will see him link up with former boss Roy Hodgson at Anfield.
With Javier Mascherano heading to Barcelona, supporters were anxious to see whether Hodgson would be given the chance to reinvest the substantial fee the club will receive for the Argentine.
Liverpool took on Steaua back in the 2003-04 season when Gerard Houllier's men secured a 2-1 aggregate success in the UEFA Cup, second round.
He will be featured in Jamie Carragher’s testimonial match against Everton XI at Anfield next weekend. Owen, reviled by some Liverpool fans after crossing one of the game's oldest divides, is said to be uncertain of the reaction he will get from the Anfield crowd but does not have great expectations considering the abuse when he returned last season for the first time since joining their rivals at Old Trafford.
and Inter Milan, who former Reds boss Rafa Benitez departed for this summer.
Gerrard has a back problem while the club has decided not to risk Torres playing a third successive game following his injury troubles.
