Premier League to approve LFC sale

The Premier League are expected to approve New England Sports Venture’s £300m takeover of Liverpool FC today.

Boston Red Sox principal owner John Henry celebrates on the field after his team won the World Series in Denver, in this October 28, 2007 file photo. The Liverpool board has agreed to sell the Premier League club to New England Sports Ventures, owners of baseball's Boston Red Sox, for 300 million pounds ($477.6 million), chairman Martin Broughton said on Wednesday. REUTERS/Lucy Nicholson/Files (UNITED STATES - Tags: SPORT BASEBALL SOCCER BUSINESS)

John Henry (pictured) and his associates at NESV will pass the league’s due diligence in accordance with the ‘owners and directors’ test and thus be approved by the league.

Therefore their takeover can now be completed promptly, if the impending legal action in the High Court is concluded in NESV’s favour.

That legal action is set to take place early next week, most likely Tuesday.

The Telegraph reports that, Everything depends on Broughton’s success in seeking a “declaratory judgement” affirming his ability to accept the £300 million NESV bid for the club, despite the objections of Hicks and Gillett.

The Premier League released a statement on Wednesday:

The Board of the Premier League has been kept fully informed of developments regarding the potential sale of Liverpool FC by the Chairman and senior Executives of the Club and has, accordingly, been made aware of a number of potential prospective owners in recent weeks.

We can confirm that Liverpool FC has formally notified the Premier League of an intended change of control and that the Board has undertaken to complete all the necessary processes by Friday 8th October so that the sale of the Club can proceed.

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