Purslow confident Reds sale will go through

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Liverpool's Chief Executive Christian Purslow (R) smiles as he takes his seat next to Commercial Director Ian Ayres (L) before their team's Europa League third qualifying round soccer match against Rabotnicki Skopje at Anfield in Liverpool, northern England, August 5, 2010. REUTERS/Phil Noble (BRITAIN - Tags: BUSINESS SPORT SOCCER)

Liverpool Managing Director Christian Purslow says he is confident that the club will win its court case against current owners Tom Hicks and George Gillett this week, and complete the £300million takeover by New England Sports Ventures.

Purslow said that he, club Chairman Martin Broughton and Commercial Director Ian Ayre had done their research and believed NESV to be the best suitors for the club.

He said, “We have done our homework and NESV are buying this business with cash and clearing our debt which transforms our financial position overnight. A bidder who has been willing with cash to rid of us of all this long-term debt is by far the largest and most important priority in evaluating bids.

“My total priority has been to try to remove the debt which has been put on this club and which has been a cloud since February 2007. It is wrong that we should have so much of the money that comes through the turnstiles or through our commercial activity go to pay interest on loans.

Purslow added that he is not even contemplating the club going into administration, which could happen if Hicks and Gillett win the court case this week.

The High Court in London is expected to hear the case, starting on Tuesday.

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