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NESV complete Liverpool FC takeover

eNewsletter
align=justify>New England Sports Ventures has completed its takeover of Liverpool Football Club after a dramatic week at the club.

But the battle may not be over for Merseyside club with former owners Tom Hicks and George Gillett claiming they will sue for at least £1bn.

Hicks and Gillett had a restraining order to block any sale, but this was removed on Friday morning, allowing Boston Red Sox owners NESV to complete its £300m purchase.

Importantly the deal has allowed the Royal Bank of Scotland to be paid the £237m they were owed, avoiding the risk of administration for the club’s holding company.

Earlier, it had been reported Hicks had been attempting to sell his shares to US hedge fund Mill Financial, but the Premier League’s decision to reject Mill’s request to undergo their fit and proper test led to Hick’s lifting the restraining order, allowing the takeover to go through.

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