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Football: NESV Completes Liverpool Takeover

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American company New England Sports Ventures (NESV) has today completed its takeover of Liverpool FC, after the injunction the club’s former owners had place on the transfer was lifted.

The deal, believed to be worth around £300million completes the protracted transfer begun when fomer owners Hicks and Gilet began looking for a buyer in April 2010.

This will not be the end of this matter, howver, as Hicks and Gilet’s lawyer, Steve Stodghill, has promised that his clients intend to pursue “all legal recourses” which is thought to include an action worth around £1bn for the price achieved: which they believe undervalued the club.

When Liverpool sold, it owed debts of over £230 million to banking group Royal Bank of Scotland (RBS).

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Stories from the Sport Desk at The Global Herald.

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