7 Oct 2010

Liverpool set for new ownership

11:30 am on 7 October 2010

The board of England's most successful football club Liverpool has agreed to sell the club to the owners of baseball's Boston Red Sox, although the club's fate could yet be decided in court as an ownership dispute rages on.

The Premier League club, currently in the bottom three, has accepted a 300 million pound offer from New England Sports Ventures, the owners of the Red Sox.

But the deal is being complicated by a legal challenge from the current American owners Tom Hicks and George Gillett, who tried to replace two members of the five-man board with their own people in a final bid to retain control.

The BBC have quoted the pair as saying they would resist any sale that undervalued the club which some media reports suggesting they were looking for about 600 million pounds.

Liverpool's chairman Martin Broughton says the potential new owners were the best people for the job and would provide funds for new players.

Broughton says the two owners' attitude is regrettable, as he doesn't believe the pair will get any more for their stake from anyone else, and it's a great pity because this is the last opportunity for them to get out and "still be the good guys" and pass Liverpool over to the right owners, which is what they've said all throughout the process they wanted to do.