It is official, the owner of the Boston Redsox baseball team has purchased Liverpool FC. Not that I know a freaking thing about soccer.
The owner is a standup guy, his group NESV (New England Sports Vetures) are known for solid management and doing the right thing.
I can personally attest that he has done good things with the Boston Redsox.
New England Sports Ventures (NESV) today announces that it has completed the purchase of Liverpool Football Club. NESV wishes to extend its sincere gratitude to the Board of Liverpool FC for their diligence and their efforts on behalf of the Club and its supporters.
The transaction values the Club at £300m and eliminates all of the acquisition debt placed on LFC by its previous owners, reducing the Clubís debt servicing obligations from £25m-£30m a year to £2m-£3m.
New England Sports Ventures is committed to winning and currently owns a portfolio of companies, including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Roush Fenway Racing.
NESV Principal Owner John Henry said:
ďOn behalf of the entire NESV partnership, I want to express how incredibly proud and humbled we are to be confirmed as the new owners of Liverpool FC. We regard our role as that of stewards for the Club with a primary focus on returning the Club to greatness on and off the field for the long-term. We are committed first and foremost to winning. We have a history of winning, and today we want LFC supporters to know that this approach is what we intend to bring to this great Club.Ē