Henry officially gains ownership of Liverpool

October, 15, 2010
10/15/10
12:21
PM ET
After an ugly court battle that took place on both sides of the Atlantic, Red Sox owner John Henry and his New England Sports Ventures group are now owners of the Liverpool English soccer club. Here is more from the Associated Press story on the deal:

LONDON -- Liverpool was sold to the owners of the Boston Red Sox on Friday after a bitter trans-Atlantic court fight over the storied English club with the previous American owners.

The $476 million deal with New England Sports Ventures ends the turbulent three-year ownership by Tom Hicks and George Gillett Jr.

The sale finally went through after Hicks and Gillett withdrew the temporary restraining order blocking the sale they had obtained in a Texas court. But they intend to pursue a claim for $1.6 billion in damages.

The deal came on the day set as the deadline for repayment of the club's debts to the Royal Bank of Scotland and Wells Fargo, which have risen to more than $456 million.

"We are committed first and foremost to winning," said John Henry, the financier who heads NESV. "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."


Read the full Associated Press story HERE.

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