This is Just a brief update on the Liverpool scenario.
Hicks and Gillet have had the restraining order, that was blocking the sale of the club, lifted.
New England Sports Ventures[NESV] have had a £300m bid excepted by the Liverpool board.
If the deal does not go through Liverpool will have to pay RBS by the deadline probably putting them in administration.
I think this deal will go through and that Liverpool will not go into administration. Hicks and Gillet have tried everything and have now given up on trying to stop the deal. Instaed they are suing 1.6 billion US dollars in what they call 'epic swindle'. Yes I said BILLION dollars. It looks like NESV are going to complete the deal this afternoon and will be the new owners of Liverpool. They would be able to free Liverpool of debt and put them in a stable financial position. I'm writing this blog with Sky Sports News on in the back round and am getting updates all the time. You are basically reading a live update of the deal as it happens.
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