New England Sporting Ventures have completed the £300 million deal of buying Liverpool Football Club, with the drama unfolding all week with outgoing owners Tom Hicks and George Gillett having tried to block the sale of the club earlier in the week. John W. Henry and Tom Werner of NESV who will take over the club was told today that Tom Hicks and George Gillett have folded in their effort to cling onto the club, and would be now pursuing only a legal action for £1 billion in damages which will be rigorously defended in court.A spokesman for Henry and the New England group commented: "NESV wants to create a long-term financially solid foundation for Liverpool FC and is dedicated to ensuring that the club has the resources to build for the future, including the removal of all acquisition debt.
"Our objective is to stabilize the club and ultimately return Liverpool FC to its rightful place in English and European football, successfully competing for and winning trophies.
"Since 2001, New England Sports Ventures has made successful investments in sports and entertainment properties. Our portfolio of companies, including the Boston Red Sox and Fenway Park, New England Sports Network, Fenway Sports Group and Roush Fenway Racing are all committed to one common goal: winning.
"NESV wants to help bring back the culture of winning to Liverpool FC. We have a proven track record, shown clearly with the Boston Red Sox. The team has won two World Series Championships over the past six years. We will bring the same kind of openness, passion, dedication and professionalism to Liverpool FC."
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