There\u2019s a new soccer team in Boston.\u00a0 Well, not really- but New England Sports Ventures, the company that owns the Boston Red Sox, has just bought English Premier League side Liverpool FC for $477 million.\u00a0 An agreement was reached over the selling of \u201cThe Mighty Reds\u201d on Tuesday night.<\/p>\n
Of course, Liverpool will not go into Red Sox hands without a fight.\u00a0 Current Liverpool co-owners Tom Hicks and George Gillett Jr. will likely challenge the deal in court.<\/p>\n
Liverpool however, would be happy to see their co-owners go away.\u00a0 Fans, players, and the Liverpool board alike have been particularly crude in their attutude toward their American co-owners.\u00a0 In fact, Hicks and Gillett have run the club into so much debt, most of the money New England Sports Ventures used to purchase Liverpool will go towards paying for all the spending.<\/p>\n
Hicks owned the Texas Rangers baseball team from 1998 to early-2010, before the team the team was forced to file for bankruptcy this summer.\u00a0 In the thick of his free-spending days with the Rangers, Hicks, along with Gillett, acquired Liverpool in 2007 for $439.2 million.<\/p>\n
But Hicks\u2019 popularity didn\u2019t last too long.\u00a0 He promised silverware- Liverpool hasn\u2019t won an English League Title in 20 years and is off to its worst start in club history in 50 years.\u00a0 He promised a new stadium- but no one has broken ground on building a new stadium for Liverpool.\u00a0 He promised to eradicate debt- but the reason he is being ousted is because Liverpool is deep in the red (no pun intended).<\/p>\n
Liverpool is only one of three English clubs with an American owner.\u00a0 But damage has been done in the wake of Hicks, though NESV think they can overcome it.<\/p>\n
“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.”<\/p>\n
Liverpool has just one win and are third to last after seven games this season.\u00a0 Chelsea, Manchester City, Manchester United, and Arsenal are all where they are expected to be: at the top of the table.\u00a0 NESV will need some magic to pull this Liverpool side out of the mud and back to the top of the table.\u00a0 In fact, if the season were to end today for Liverpool they would face relegation.\u00a0 However, NESV is optimistic about Liverpool\u2019s position based on what the organization has done in the past with the Red Sox.<\/p>\n
“We have a proven track record, shown clearly with the Boston Red Sox,” the NESV statement said. “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.”<\/p>\n","protected":false},"excerpt":{"rendered":"
There\u2019s a new soccer team in Boston.\u00a0 Well, not really- but New England Sports Ventures, the company that owns the Boston Red Sox, has just bought English Premier League side Liverpool FC for $477 million.\u00a0 An agreement was reached over the selling of \u201cThe Mighty Reds\u201d on Tuesday night. Of course, Liverpool will not go […]<\/p>\n","protected":false},"author":3,"featured_media":1213,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[26],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/nesoccertoday.com\/wp-content\/uploads\/2010\/10\/liverpool-logo11.jpg?fit=344%2C463&ssl=1","jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1210"}],"collection":[{"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1210"}],"version-history":[{"count":4,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1210\/revisions"}],"predecessor-version":[{"id":1238,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/posts\/1210\/revisions\/1238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=\/wp\/v2\/media\/1213"}],"wp:attachment":[{"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nesoccertoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}