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Oct 10, 2010

NESV would consider buying 'Pool from RBS

New England Sports Ventures will consider buying Liverpool directly from the Royal Bank of Scotland, if the bank is forced to take control of the club on Friday.

• Purslow remains confident
• Hodgson clause confirmed
• Broughton: "No more Romans"
• Administration is still possible
• Premier League gives go-ahead
• Redknapp backs Hicks and Gillett
Liverpool set for High Court
Board sets out investment plan

The owners of the Boston Red Sox will back out of their £300 million deal if the club go into administration and are docked nine points - as they feel a club threatened instantly with the prospect of relegation would not be a sound business proposition.

However, if as it now appears to be in everyone's interest to avoid administration talks with RBS are sure to proceed as the Friday deadline looms when Tom Hicks and George Gillett default on their £237 million debt to the bank.

The question is whether NESV will attempt to push down the price if it has to re-open negotiations with the bank, if RBS are technically the new owners, even for as long as it takes to get the club off their hands. That might then open the door to other bidders, such as the mystery Asian group who had also put forward a credible and acceptable offer to chairman Martin Broughton.

ESPNsoccernet was told by NESV sources on Sunday: "Of course New England would walk away if, as it has been suggested, there is a possibility of the club going into administration and then are hit with a nine point deduction.

"However, it is a completely different scenario if the bank takes the club over on Friday and the proceeds to sell it straight away to New England without going into administration. Under those circumstances I am sure the deal would remain on."

ESPNsoccernet understands that after eight weeks of negotiations between NESV and the Liverpool board, the American group were convinced that the board has the right to complete the deal, and were shocked that there has been such a firm stand by Hicks and Gillett to prevent it happening.

However, my understanding is that the deal was signed on Tuesday - as first revealed by ESPNsoccernet - conditional on the Premier League's go-head (which was always a formality, and sanctioned on Friday) and the outcome of any court challenge by Hicks and Gillett.

The threat of the nine-point deduction, which Liverpool had thought could be avoided, has spooked the prospective new owners.

Liverpool are already languishing third from bottom of the Premier League and as it now stands a nine point deduction would leave them minus three points and struggling for survival.

Liverpool had thought that the West Ham example of how a parent company went into administration but the club avoided the nine point penalty would apply to them, but there is slightly different circumstances and the Premier League have indicated that the nine points deduction would be automatic.

However, it would no longer be to RBS' advantage to place Liverpool into administration, so that possibility is sure to recede.

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