Broughton expects Liverpool deal in a week

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Liverpool chairman Martin Broughton expects the £300 million sale of the club to be completed "in about a week".

Broughton confirmed a deal which would clear the major part of the club's bank debts had been agreed with New England Sports Ventures, the owners of the Boston Red Sox baseball team, although the delay has been caused by a legal challenge raised against the sale by current owners Tom Hicks and George Gillett.

The chairman said: "It's likely to take about a week. I would hope we will get the judgement by the end of next week."

Hicks and Gillett are opposed to the sale on the terms agreed to NESV, claiming it undervalues the club. They have also sought to remove chief executive Christian Purslow and commercial director Ian Ayre from their posts.

The American duo are already incredibly unpopular among Reds fans and Broughton added: "This was frankly their last chance to leave Liverpool with their heads high and they have chosen to go this route.

"It is a difficult issue. Part of me taking on the role - and I was appointed by Tom and George - was that they gave a written undertaking that only I could change the board, they wrote that into the articles of the two companies Kop Football and Kop Holdings."

He added: "They also gave a written undertaking to RBS that they would not frustrate any reasonable sale and this is frankly a flagrant abuse of those two written undertakings."

1 comment

|lool Wow thanks.
By courtneyoac 4 years ago