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Red Sox owner John Henry buys Liverpool soccer team for $476 million

Martin Broughton,  John Henry, Christian Purslow

Liverpool’s soccer club chairman Martin Broughton, right, John Henry, 2nd right, the US financier who heads New England Sports Ventures, owners of Boston’s Baseball Club Boston Red Sox, and Liverpool’s CEO Christian Purslow, 3rd right, face the media in central London, Friday, Oct. 15, 2010. Liverpool was sold to the owners of the Boston Red Sox on Friday after a bitter trans-Atlantic court fight over the storied English club with the previous American owners. The 300 million pound ($476 million) deal with New England Sports Ventures ends the turbulent three-year ownership by Tom Hicks and George Gillett Jr. (AP Photo/Lefteris Pitarakis)


New England Sports Ventures, which is a group headed by Red Sox owner John Henry, has officially purchased the Liverpool soccer team in the Premier League.

Henry told the London Telegraph that he’s “proud and humbled” by the 300-million pound sale and “guaranteed” that New England Sports Ventures will not be participating in a leveraged buyout, saying: “We have a lot of work to do, but we’re here to win.”

Liverpool’s former owners, Tom Hicks and George Gillett, were thwarted in their attempts to block the sale, but reportedly now plan to pursue legal action and called their removal as owners “an extraordinary swindle.” Hicks is the same guy who owned the Texas Rangers until the team went into bankruptcy and was sold to a group led by Chuck Greenberg and Nolan Ryan.

After learning that the ownership change had been completed Liverpool manager Roy Hodgson said: “A cloud has been lifted from this football club.”