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Red Sox owners submit Liverpool FC bid

Oct. 5, 2010 at 9:46 PM   |   Comments

BOSTON, Oct. 5 (UPI) -- The owners of the Boston Red Sox have submitted a bid to purchase the British soccer club Liverpool FC, a source told The Boston Globe Tuesday.

The newspaper reported New England Sports Ventures, the parent company of the Boston Red Sox led by Sox owners John Henry, Tom Werner and Larry Lucchino, are in the mix of possible new ownership for the club, which is facing a looming deadline to repay $450 million in debts.

Britain's Daily Telegraph reported the Red Sox owners are one of two groups bidding for Liverpool who have put offers of between $445 million and $475 million on the table.

A Liverpool FC statement said the club's board of directors "have received two excellent financial offers to buy the club that would repay all its long-term debt."

The club is currently owned by former Texas Rangers owner Tom Hicks and George Gillett Jr. SkySports.com reported Tuesday the pair oppose the bids as too low.

A boardroom battle has erupted for control of the club, the broadcaster said.

© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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