Showing posts with label Transaction. Show all posts
Showing posts with label Transaction. Show all posts

Saturday, January 29, 2011

A US Invasion?

Back in October 2010 we saw, and wrote about, the sale of Liverpool FC to the owner of the Boston Red Sox, John Henry. To be even more specific the club was sold to New England Sports Ventures of which John Henry is a member.

Well, the Beantown Bankers (as I am starting to call them) are at it again, and are now investing in the Serie A Club, AS Roma. ESPN is currently reporting that a final meeting to seal the deal is imminent. Thanks to Andy Weiss for bringing this one to the fore.

Finally, in what I consider one of the best "feel good stories" in a while regarding sports business, CNN and others are reporting that "angel investor" Robert Rich is making capital investments into the 9th division Bedlington Terriers FC.

This is truly an inspiring story where a man has realized his heritage, and want to give back to his community. He is reported to not be asking for a share of the team that draws about 120 fans per match, and the players get paid only expenses, not a salary.

Take a look at the story here from Guardian, and the video below from CNN. You won't be disappointed.

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.

Wednesday, October 6, 2010

Liverpool Red Sox??


Liverpool Agrees to Sell Club to Red Sox


Liverpool Football Club said Wednesday it has agreed to sell the club to the owners of the Boston Red Sox, but the deal's fate is uncertain because the soccer team's owners remain opposed.
John Henry, a U.S. hedge-fund manager who owns the Boston Red Sox baseball team, has reached a tentative agreement to purchase Liverpool, the once-dominant British soccer team that has fallen on hard times. ...
See the whole article here, courtesy of the Wall Street Journal.