NESV put the seal on Liverpool takeover

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New England Sports Ventures have finally completed their takeover of Liverpool and ended the much-criticised reign of Tom Hicks and George Gillett at Anfield.

NESV sealed their buyout on Friday afternoon, after Hicks and Gillett's efforts to block the sale in the courts came to an unsuccessful conclusion, although they continue to seek substantial damages.

Reds manager Roy Hodgson is hopeful that the focus can now switch to matters on the field, rather than the lengthy ownership wrangling.

He told reporters:"It is a very positive situation – a day everyone at the club will welcome and the new owners will welcome.

"It is a relief. It has been a very difficult couple of weeks.

"For this long drawn-out court battle to take place and Liverpool's name to be on the television screens and in the newspapers every day for anything other than positive reasons has been a bad time.

"All people and clubs need stability, all managers and players need stability and it is becoming a very hard thing to find.

"I am hoping the new owners coming in will stabilise the situation and give us a chance to concentrate on the football and, most importantly of all, will wipe out debts.

"That will mean in future we can invest in players in a different way to what has happened in the last transfer window, when money was in short supply and we weren't even certain there would be any money to spend or even if the club would be there.

"The mere fact the club will be taken over and the debts wiped off immediately puts us into a different financial position to the one we have been in."

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