15/10/10 Liverpool’s protracted £300million takeover has been completed by the New England Sports Ventures (NESV) group after the club’s previous owners Tom Hicks and George Gillett withdrew their legal objections to the case.
The English Premier League give the green light to the New England Sports Ventures Group’s takeover of Liverpool, pending next week’s legal challenge… Reports that Liverpool will still face points deduction if the club enters financial administration.
22/9/10 Liverpool managing director Christian Purslow has spoken out about the club’s debt crisis and says that he “cannot conceive of a situation where Liverpool Football Club could go into administration”… Liverpool board will block further debt refinancing by current owners.
22/9/10 A report by marketing consultancy Brand Finance says that Real Madrid are the most valuable brand in European football… Rafael Benitez lets loose on his former employers at Liverpool, saying they “know nothing about football”.
20/9/2010 Liverpool co-owners Tom Hicks and George Gillett have suffered a major blow in their efforts to retain control at Anfield after the private equity firm Blackstone reportedly snubbed a £280 million refinancing package.
20/9/10 World Football Insider rounds up the 10 things you need to know about the global football business today.
10/9/2010 Liverpool’s bankers, Royal Bank of Scotland (RBS), may intervene to secure the sale of the club after its £237million debt was referred to a team dedicated to toxic assets… Foreclosure one of the options reportedly available to RBS, but a quick sale more likely.
1/9/2010 Liverpool’s World Cup-winning forward Fernando Torres speaks out over the ownership battle that severely limited the Reds in the summer transfer market. He says new owners are “fundamental” to the club overcoming an “appalling” 2009/10 season. INSIDER’s James Corbett reports
2/2/2010 Dumped out of the Champions League and FA Cup, flagging in the league and with no takers for a minority stake, EPL aristocrats Liverpool are in dire straits. WFI’s European correspondent James Corbett reports from Liverpool.
12/1/2010 United’s U.S. owners take $16 million out of the club in “management and administration fees”… Tom Hicks Jnr resignation sparks Liverpool boardroom reshuffle… Everton in stadium talks… Football League steps up chairman search.