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.

Football clubs set for reality check on pay

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As the new Premiership season kicks off in England on Saturday, more lower-league clubs find themselves battling winding-up petitions. This week Sheffield Wednesday, Cardiff City and Southend United made appearances in the High Court for that reason. Her Majesty’s Revenue & Customs is no longer happy to overlook unpaid taxes.

New quarterly checks on team finances are around the corner, however.

As witnessed at Liverpool, whose heavily indebted US owners have disappointed fans, people are ever more cautious of potential buyers who may lack the financial backing and wherewithal they initially boast.

“Debt is not inherently bad,” says Ms Clark. “Debt associated with building a stadium is usually sensible. Debt to purchase a player is perhaps a less sensible business practice.”

But she is unlikely to be heeded. Much of the joy related to clubs’ triumphs over the Revenue have to do with one fact: player trading bans can then be lifted, and clubs can get spending again.