InfoAnda - NESV seal acrimonious Liverpool takeover

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Iraq signs deal to buy 18 F-16 warplanes | | 27 September 2011
France's Sarkozy takes on Google in books dispute | 9 December 2009
Dolly Parton takes 9 to 5 to Broadway | Entertainment | | 27 March 2009

Hon Hai using ARM chips in low-cost PC projects | 8 September 2009

Forum Views () Forum Replies ()

Read more with google mobile : NESV seal acrimonious Liverpool takeover

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap NESV seal acrimonious Liverpool takeover AFP - Saturday, October 16 Send IM Story Print LONDON (AFP) - – New England Sports Ventures (NESV), owners of baseball's Boston Red Sox, completed their acrimonious 300 million pounds (480 million dollars) takeover of Liverpool Football Club on Friday. John W Henry's NESV group were able to take control after previous co-owners Tom Hicks and George Gillett were defeated in their legal battle to stop the takeover, withdrawing their temporary restraining order to block the sale. Liverpool chairman Martin Broughton brokered the deal despite fierce opposition from Hicks and Gillett, who plan to sue for 1.6 billion dollars in damages because they believe the sale to NESV undervalued the Premier League club and was "illegal". "Mr. Hicks and Mr. Gillett have withdrawn without prejudice their Texas lawsuit in order to fully comply with the order of the English court," attorney Tom Melsheimer said in a statement. "We believe the order is overboard and unfair yet Mr. Hicks and Mr. Gillett respect the legal process." Broughton was delighted to have finally brought the sale to a conclusion after a dramatic week of court battles in England and the United States. He said on Friday: "As every Liverpool fan knows, the most nerve-wrecking way to win a match is in a penalty shoot-out but in the end, as long as you get the right result, it is worth the wait. And we have got the right result." Standing alongside Broughton in London, Henry drew cheers from Liverpool fans as he said: "I am proud and humble. We have a lot of work to do and I can't tell you how happy I am that we have reached this point. "We are not going to have a lot to say, we are going to do a lot of listening and we have a lot to learn. "Obviously we are here to win. We have a tradition of winning. We are here to win and we will do whatever it takes." Related article: Liverpool fans greet NESV with cautious optimism Hicks had been trying to sell his stake to Mill Financial, a US-based hedge fund, so they could pay the club's 280 million pounds debt to the Royal Bank of Scotland (RBS) and scupper the takeover. Mill Financial had approached the Premier League to take the mandatory owner's test on Thursday, but were rejected when the league told the fund they could only take instruction from the Liverpool board, led by Broughton. That was the last straw for Hicks, who had already seen two High Court rulings about the takeover go against him in London this week, and the removal of the restraining order at a hearing in Texas saw the deal go through just in time. RBS had set a Friday deadline to have the ownership situation settled or risk taking the club into financial insolvency, which would have triggered a nine-point penalty and plunged Liverpool into a relegation fight. Liverpool's ability to compete with England's top clubs had been seriously hampered by the huge debts amassed during Hicks and Gillett's ill-fated three-year reign at Anfield. But that should change after NESV said the club's debt servicing costs would now drop from 30 million pounds a year to no more than three million pounds a year. That could change if Hicks and Gillett win their planned case against NESV, RBS and Liverpool's directors in an English court. "We believe that once the English court finally has a chance to hear all the facts a very different picture will be painted," Melshimer said. After spending the last 12 months in a state of flux while Hicks and Gillett tried to sell the club for the highest possible price, Liverpool can finally return to concentrating on matters of football rather than finance. Henry's group managed to transform the fortunes of the previously underachieving Red Sox and he knows Liverpool fans will be hoping the departure of Hicks and Gillett signals a brighter future. "We regard our role as that of stewards for the club with a primary focus on returning the club to greatness on and off the field for the long-term," Henry said. Although Liverpool are currently languishing in the Premier League relegation zone, the club has a proud history, which includes 18 English league titles and five European Cups. Henry will not attend Sunday's crucial Merseyside derby at Everton and added: "I think it's better for our first experience with the supporters to be at home." That leaves the October 24 match against Blackburn Rovers as his likely first appearance. By then he will have a better idea of how much needs to be done to get Liverpool back on track, with major investment in Roy Hodgson's team during the January transfer window already looking likely. "We (the Red Sox) are the second-highest spending club in Major League Baseball and we're here to win, we will do whatever is necessary," Henry went on. Liverpool manager Hodgson added: "I am hoping the new owners coming in will stabilise the situation and give us a chance to concentrate on the football and most important of all will wipe out the debts." Recommend Send IM Story Print News Search Top Stories US Fed ramps up talk of intervention to salvage recovery World's longest tunnel breaks down Swiss Alpine barrier US deficit shrinks nearly nine percent in fiscal 2010 Italy's Enel Green Power to float on Monday NESV seal acrimonious Liverpool takeover More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Indestructible McDonalds burger amazes US Paris airports pipeline cut amid protests: company Time to find a second Earth, WWF says Indonesian civil servants stumble over unusual test 'Bandit' Obama billboard sparks storm in US city More Most Viewed » Too much TV psychologically harms kids: study Workers swarm Europe's streets in anti-cuts protests British lottery winner gets record 129 mln euros 'A billion people' go hungry in 2010: report Global marine life census charts vast world beneath the seas More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 16 October 2010
Google shares surge on strong earnings
Sarkozy sends in riot police to break fuel blockade
Dutch prosecutors seek acquittal of anti-Islam MP |
US deficit shrinks nearly nine percent in fiscal 2010
Italy's Enel Green Power to float on Monday
US-TECH Summary
"Grey's Anatomy" Debuts New "Seattle Grace: Message Of Hope" Webisodes
NESV seal acrimonious Liverpool takeover
Derek Hough Talks "Demolition Dancing" On "Extreme Makeover: Home Edition"
Nigeria militants threaten new bomb attack in Abuja |
US Fed ramps up talk of intervention to salvage recovery
Pentagon bracing for release of 400,000 secret Iraq reports
Miller, Murkowski Deadlocked In Alaska Poll
Pakistan to press on with tax reforms after floods |
U.S. Retail Sales Rise 0.6 Percent In September
New Israeli settlement plan sparks Palestinian fury
Ecuador cave-in traps four miners |
India seeks 'cool jacket' design to help hot labourers
Ratan Tata Donates "Historic Gift" To Alma Mater Harvard
GM Recalls 303,100 Impalas Over Front Seat Belt Problems
New York Times releases free -- for now -- iPad app
October Annually Most Dangerous Month for Teen Drivers
Petraeus disturbed by confusion over hostage death |
$250 Payments Would Sub For Lack Of COLA
Faulty Foreclosure Paperwork Mess Might Cost Banks Billions
Russian firms say not responsible for web piracy
South Sudan tries to assure China on oil investments
Jesse Ventura Talks 9/11, JFK As "Conspiracy Theory" Second Season Premieres
Swedish Pirate Bay appeals trial wraps up
Pakistan told to shape up in exchange for aid
HP hires Nokia exec to run mobile software
US drone strike kills three in Pakistan: officials
Non-retail video game sales hit $2.9 billion
N.Korea repeats threat to shell S.Korea propaganda sites
HP hires Nokia exec to run mobile software
Djokovic, Federer storm into Shanghai tennis semis
Thailand's Red Shirts plan mass weekend rally
Mekong countries should delay dam projects for decade: study
Apple's earnings to showcase one-two punch |
Malaria stalks Myanmar's poor as healthcare crumbles
Aussie hits parity with US dollar
US-ENTERTAINMENT Summary
Actor Vince Vaughn defends "gay" joke in movie
Author Leonard dislikes eBooks, still loves movies
After industry, Germany exports lifestyle to China
Chinese artist's 'seeds' deemed London gallery health risk
Liza Minnelli cancels concerts due to pneumonia
Altered images depict horrors of pollution
Richards: Mick Jagger was "unbearable"
China, Greece to launch joint bid for logistics site contract
King of Pop shows new face in unseen photos
IMF sets central bank meeting in Shanghai Monday
Mitsubishi mulls higher Thai plant output amid strong yen
Airbus pitches A380 for Japan's busy domestic market
Japan central bank chief warns of delayed recovery
Japan pulls out of Iran's biggest onshore oil project
Fishing, kayaking Sarah Palin debuts TV show trailer |
India's Infosys' profits jump on improved tech spending
Roc-a-Fella Records founder charged in drug case |
HSBC scraps talks over Nedbank purchase
Actor Vince Vaughn defends gay joke in movie |
Skating with the Stars hits the ice on U.S. TV |
G20 host S.Korea: protectionism is top concern
Prince announces Welcome 2 America tour |
Liza Minnelli cancels concerts due to pneumonia |
Leif Garrett pleads no contest to drug possession |
Author Leonard dislikes eBooks, still loves movies |
US soldier faces court martial over Afghan killings
Chile's rescued miners mum on nightmare experience |
China mine blast kills 20, others trapped: report |
Palestinians protest new Jerusalem housing plan
Time, like all good things, may come to an end: study
French to hit streets anew over pension reform |
Tablet computer sales to hit 208 million in 2014
Resumption of stalled Iran nuclear talks on horizon
US deficit shrinks but still tops one trillion
Videogame fans sidestepping real-world shops: NPD
Karzai brother 'could be indicted for tax evasion'
U.S. To Monitor Venezuela's Relations With Nuclear Nations
World's longest tunnel breaks down Swiss Alpine barrier
U.S. Helping Taliban To Attend Peace Negotiations, Denies Direct Involvement
Iran wants to discuss dates to start nuclear talks
Sudan rebukes U.N. over border buffer zone plan |
New Security Chief At Washington Dulles International Airport
3 NATO troops die in Afghanistan as attacks surge
Manolo Blahnik Shows Off Sketching Skills On "The Martha Stewart" Show
Brazilian poll shows Rousseff leading by 6 points |
Dismay, disillusionment prevail in Palestinian camp
Pentagon Cautions Against Disclosure, Denies Knowledge Of DADT Cases Under Investigation
Weekly Recap
FBI was 'warned' about key figure in Mumbai attacks
Katy Perry Partners With Bing And Tapulous With “Katy Perry’s Revenge By Bing” Game
BMW recalls 21,000 cars from China: state media
Amnesty International: Israel Must Cease Illegal Settlement Expansion
"Skating With The Stars" To Premiere In November On ABC
Producers On The Race To Secure Film/TV Story Rights To Rescued Chilean Miners
UN chief slams Myanmar junta on rights ahead of election
Weather forecast for the Asia-Pacific region
NKorea threatens '1,000-fold' increase in weapons
Warner Bros. gives go-ahead to two "Hobbit" films
Government to report on $1 trillion-plus deficit
Canadian Guantanamo inmate negotiating plea deal
U.N. official: U.S. is $1.2 billion in arrears at U.N.
Ex-President Carter to start Mideast peace tour
IBM 3rd-quarter seen strong, helped by new mainframe |
Minimum and maximum temperatures in Celsius
Neb. senator seeks talks in Congress on fetal pain
Kid Cudi putting his troubles behind
Warner Bros. gives go-ahead to two "Hobbit" films
eBay names head of marketing for North America |
Keith Richards reveals all in rock'n'roll memoirs
Rapper T.I. sentenced to 11 months in jail
Ford to sell most of stake in Japan's Mazda: reports
Alicia Keys, Swizz Beatz welcome baby boy
US moves to avert China clash, but nods to pre-election ire
Actor Simon MacCorkindale dies at 58
Huey Lewis explores "Soulsville" on new album
Taylor Swift ready to "Speak Now" with third album
Neil Patrick Harris welcomes twins
Warner Bros. gives go-ahead to two Hobbit films |
Neil Patrick Harris welcomes twins |
Kid Cudi putting his troubles behind |
Huey Lewis explores Soulsville on new album |
Alicia Keys, Swizz Beatz welcome baby boy |
summit focuses on battling cyber bullies
Rapper T.I. sentenced to 11 months in jail |
Taylor Swift ready to Speak Now with third album |
eBay names head of marketing for North America
Actor Simon MacCorkindale dies at 58 |
IBM 3rd-quarter seen strong, helped by new mainframe
EU proposes nuclear talks with Iran Nov 15-18
France braces for fresh pension reform protest
Iraq PM to visit Iran as coalition talks hot up
Sudan rebukes U.N. over border buffer zone plan
Japan rallies against China over disputed islands |
Floods in Russia kill 11 |
England coach Capello to retire after Euro 2012
France, Germany to welcome Russia to seaside summit
Typhoon Megi gains strength as it nears Philippines |
Man With Cerebral Palsy Too Disabled to Fly
Kosovo party quits government coalition |
French workers pour onto the streets
France replies to EU on Roma's free movement: EU
Berlusconi laughs off tax fraud inquiry
Chavez clinches energy, nuclear deals on Russia visit
Acquit Dutch anti-Islam lawmaker: prosecutors
U.S. soldier to face court-martial in Afghan slayings
Prosecutors launch tax inquiry against Berlusconi
Fox-Cablevision dispute threatens MLB broadcasts
Medvedev nominates top Putin aide as Moscow mayor
Clinton: US working to ending Mexico drug violence
World's longest tunnel breaks down Swiss Alpine barrier
Witnesses say Fort Hood gunman kept firing outside
Apple's earnings to showcase one-two punch |
Court ruling or no, gay troops know not to tell
Feds oppose Calif. Prop 19 to legalize marijuana
Minimum and maximum temperatures in Celsius
China mine accident leaves 20 dead, 17 missing
Chinese bosses shoot protesting Zambian miners: police
China 'concerned' over Japan island row protest
Thousands of Chinese join anti-Japan protests
G20 accord on currency elusive, S.Korean bank says
Dolce and Gabbana accused of tax evasion: report
Shanghai Expo breaks visitor record
Japan upgrades Haneda airport
Typhoon Megi gains strength as it nears Philippines
Finally, US Army makes progress for women in uniform
Pakistan defends military policy in northwest
Turkmens open Russia-bound gas route
Alisa Apps insists Lady Gaga challenge not a stunt
India 'orders probe' into Delhi Games corruption
October Annually Most Dangerous Month for Teen Drivers
Flash floods kill four in Cambodia
Nepalese Man Is World’s Shortest
New York's Lincoln Center Has Bedbugs In Dressing Rooms Of Koch Theater
Philippines on alert for late-season typhoon
Billionaire Holds Out On $1 Million Presidential Streaking Dare
Suspicious Packages Found At Arizona Nuclear Plant
Suspects In Arizona Beheading Hunted
First Hitler Exhibit In Germany Breaks Taboo
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01