Source: Team_Talk
'Deal done' between NESV and Liverpool
ew England Sports Ventures have completed the £300million takeover of Liverpool.[LNB] The owners of the Boston Red Sox have taken control of the club after Tom Hicks and George Gillett were defeated in their legal battle to stop the takeover.[LNB]An NESV source said: "The deal has been done."[LNB]The purchase of Liverpool brings an end to Hicks and Gillett's three-and-a-half years at the club but almost certainly not an end to the saga.[LNB]Hicks and Gillett have promised to sue for £1billion in damages, claiming the sale to NESV was "illegal", and have threatened to launch another destabilising legal action.[LNB]A statement from Hicks' and Gillett's New York representatives announced they were suing over "an extraordinary swindle" but appeared to accept that they will have to relinquish ownership of the club.[LNB]Steve Stodghill, the Texas lawyer representing the duo, said: "This outcome not only devalues the club but it also will result in long-term uncertainty for the fans, players and everyone who loves this sport because all legal recourses will be pursued.[LNB]"Mr Hicks and Mr Gillett pledged to pay the debt to RBS so that the club could avoid administration that was threatened by RBS. That offer was rejected.[LNB]"It is a tragic development that others will claim as a victory. This means it won't be resolved the way it should be resolved."
