Dependent on what paper, or website, you chose to read in order to catch up on the latest news on the Liverpool takeover situation, you get a very varied picture of the ins and outs of the New England Sports Ventures deal.
There are some stable facts that run through all reporting at present, New England Sports Ventures have had a bid for Liverpool accepted by the independent members of the board, Managing Director Christian Purslow, Commercial Director Ian Ayre and Chairman Martin Broughton, however Tom Hicks and George Gillett looked to block the bid by replacing Purslow and Ayre on the board with Mach Hicks and Lori Kay McCutcheon.
Broughton responded by stating Hicks and Gillett were not in the position to remove the two board members without his expressed permission and thus the argument will now be taken to the High Court to find out if the bid being accepted was legally correct.
Now it seems as though George Gillett has defaulted on his £70million loan from Mill Financial and the financial institution have taken over his 50% of club, with the objective of backing Tom Hicks in the High Court battle in an attempt to see at least some of the money they lent to Gillett returned.
The Royal Bank of Scotland have set October 15th as their deadline for the sale of the club, and should the situation not be resolved by then Kop Holdings, the company that owns Liverpool Football Club, may find itself in administration, which will likely lead to the team facing a nine-point deduction in the Premier League.
This is where the confusion begins. Are New England Sports Ventures still interested in buying the club should they face a nine-point deduction?
A source close to the deal told The Guardian that should the club face the point’s deduction then "the economics of the club are devastated" and ultimately that would put New England Sports Ventures off continuing their interest in purchasing the club.
During an interview with BBC Radio 5Live on Sunday Purslow also failed to rule out NESV dropping out of negotiations. Asked if the Boston-based company would back out if the club go into administration the Managing Director said “I’m not even contemplating administration and nobody should be. Last Monday we had two very good offers to buy our business that would clear all our debts and I’m completely focused on making sure the sale completes.”
Its clear Purslow avoided the question, so in order to try and force an answer out of the Harvard graduate the interview then asked if NESV would carry on their purchase even if points were docked, to which Purslow replied “I have not discussed that possibility with them. I am completely focused on the sale.”
It would be staggering if, during the negotiations to sell one of the world’s most famous football clubs for £300m, Purslow had failed to bring up with the potential buyers potential administration and a nine-point deduction – the biggest hurdle, along with the court case, in the completion of the sale of the club.
What ‘sources’ have been leaking to various media establishments and what Purslow said during his radio interview would suggest that the nine-point deduction is a huge issue for New England Sports Ventures. If this is true then, the question has to be asked what exactly the company expect to do with Liverpool Football Club.
This season’s campaign has been terrible thus far, and even on the current points total Roy Hodgson, or any other manager, would find it hard to get Liverpool close to a European position, never mind a top four spot, meaning Liverpool face a rebuild which will continue well past May if 2011 and the end of this season.
Liverpool can still finish in a stable position in the Premier League, even with a nine-point penalty, and to back out of a bid based purely on the deduction seems nonsensical and Liverpool supporters should be cautious of the potential new owners should the reports be correct that this is a major issue for them.