Nesv Make Pledge to Liverpool After Their Takeover Bid

Derby Evening Telegraph › October 08, 2010

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Summary

NEW England Sports Ventures will remove all "acquisition debt" from Liverpool if their takeover is successful, a statement from the American company promised yesterday. The owners of the Boston Red Sox confirmed their bid, understood to be for Pounds 300m, had been accepted by Liverpool's board - though current owners Tom Hicks and George Gillett have launched a legal challenge opposing that acceptance.

A statement from New England Sports Ventures (NESV) read: "NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt.

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Nesv Make Pledge to Liverpool After Their Takeover Bid

"Our objective is to stabilise...

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