Red Sox Owners Close Liverpool FC Deal

Law360, New York (October 15, 2010, 7:08 PM EDT) -- New England Sports Ventures, which owns the Boston Red Sox, announced Friday that it has completed its purchase of the Liverpool Football Club, following a last-minute bid to block the sale by former Liverpool owners Tom Hicks and George Gillett Jr.

NESV said that the purchase values the English soccer club at £300 million ($476 million) and would reduce Liverpool's debt obligations from a previous estimate of between £25 million and £30 million a year to between £2 million and £3 million.

In his failed attempt...
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