Liverpool remain confident takeover will be completed

Liverpool chief executive Christian Purslow is confident the proposed sale of the club to New England Sports Ventures (NESV) will go ahead.

The £300m takeover would wipe out the club’s debt, ending the possibility that parent company Kop Holdings could be placed in administration.

Purslow told BBC Radio 5 live: “I’m completely focused on making sure the sale completes.

“I’m not contemplating administration and nobody should be.”

Liverpool co-owners Tom Hicks and George Gillett are set to oppose the sale of the club in the High Court because they value the Anfield outfit at double NESV’s bid.

Proceedings are likely to take place on Tuesday with the American pair’s Kop Holdings company owing £280m to Royal Bank of Scotland (RBS) which must be paid by 15 October.

Nigeria to privatise power firm PHCN

Nigeria is to sell off the state power monopoly, PHCN, President Goodluck Jonathan has announced.

“We need a revolution in the power sector,” he said, in what was touted as a major policy speech.

Nigeria is one of the world’s largest oil exporters but lacks many basic services, such as a regular electricity supply.

Black-outs are common and those who can afford to, use generators.

Many business leaders say the lack of electricity is one of the biggest obstacles they face.

Meanwhile, many Nigerians joke that PHCN (Power Holding Company of Nigeria) really stands for Please Hold Candle Now.

Tottenham Hotspur name Investec as second shirt sponsor

http://www.bbc.co.uk/news/10997870

Tottenham Hotspur has signed a deal under which specialist bank and asset management firm Investec will become its second shirt sponsor.

Software infrastructure company Autonomy is the White Hart Lane club’s shirt sponsor in the Premier League.

Now Investec will become shirt sponsor for Champions League and domestic cup competitions for the next two years.

The Autonomy deal is worth £20m, and the Investec deal is believed to be worth worth £5m over two years, although the club has not disclosed the value.