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On This Day: Premier League approves NESV's takeover of Liverpool

:Headline: On This Day: Premier League approves NESV's takeover of Liverpool: ID:417658: from db_amp
The Reds' former co-owners Tom Hicks and George Gillett had initially opposed the sale, valuing the club at double NESV's bid.

The Premier League gave its approval to New England Sports Ventures' proposed takeover of Liverpool on this day in 2010.

American company NESV, which owns NBA franchise the Boston Red Sox, completed its £300million takeover the following week.

Liverpool's former co-owners Tom Hicks and George Gillett had opposed the sale, valuing the club at double NESV's bid, but dropped a temporary restraining order lodged in Dallas to enable the deal to be finalised.

Hicks and Gillett had wanted £1billion in damages, claiming the deal was "illegal" and an "extraordinary swindle".

But their decision to lift the restraining order allowed Liverpool's new owners to pay off the club's £280million debt to major creditors Royal Bank of Scotland.

RBS was owed £240million in loans and £40million in fees and there had been fears that Liverpool's previous holding company could have gone into administration, resulting in a possible nine-point penalty for the club.

Upon completion of the takeover, NESV founder John W Henry said: "We're going to do a lot of listening, we have a lot to learn, and we'll walk this path together (with the fans)."

Liverpool reached successive Champions League finals in 2018 and 2019 under manager Jurgen Klopp, beating Tottenham to lift the trophy in the latter, and ended their 30-year wait for a top-flight title last season.

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3Nottingham ForestNott'm Forest10541147719
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5Arsenal105321711618
6Aston Villa105321715218
7Tottenham HotspurSpurs1051422111116
8Brighton & Hove AlbionBrighton104421714316
9Fulham104331413115
10Bournemouth104331312115
11Newcastle UnitedNewcastle104331010015
12Brentford104151920-113
13Manchester UnitedMan Utd10334912-312
14West Ham UnitedWest Ham103251319-611
15Leicester CityLeicester102441418-410
16Everton102351017-79
17Crystal Palace10145813-57
18Ipswich TownIpswich100551021-115
19Southampton10118719-124
20Wolverhampton WanderersWolves100371427-133
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