Saturday, October 16, 2010

The Liverpool "Red Sox" (Credit to CW Rice)

Liverpool sold to Red Sox owners

LONDON—Liverpool was sold to the owners of the Boston Red Sox on Friday after a bitter trans-Atlantic court fight with the previous American owners over the storied English soccer club.

The $476 million deal with New England Sports Ventures ends the turbulent three-year ownership by Tom Hicks and George Gillett Jr.

The sale went through after Hicks and Gillett withdrew the temporary restraining order they had obtained in a Texas court. Later, they also dropped their claim for $1.6 billion in damages. ...

Full story continues here, courtesy of the Boston Globe.

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