New England Sports Ventures currently owns a portfolio of companies including the Boston Red Sox, New England Sports Network, Fenway Sports Group and Roush Fenway Racing.
The Board of Directors have received two excellent financial offers to buy the Club that would repay all its long-term debt. A Board meeting was called today to review these bids and approve a sale. Shortly prior to the meeting, the owners - Tom Hicks and George Gillett - sought to remove Managing Director Christian Purslow and Commercial Director Ian Ayre from the Board, seeking to replace them with Mack Hicks and Lori Kay McCutcheon.
This matter is now subject to legal review and a further announcement will be made in due course.
Meanwhile Martin Broughton, Christian Purslow and Ian Ayre continue to explore every possible route to achieving a sale of the Club at the earliest opportunity.
w England Sports Ventures LLC is the parent company of the Boston Red Sox of Major League Baseball. The Boston-based limited liability company also owns Fenway Park and the Fenway Sports Group (which in turn owns the Salem Red Sox of the Class A Carolina League, a minor league baseball franchise), plus 80 percent of the New England Sports Network and 50 percent of Roush Fenway Racing, a NASCAR team. On the 6th October 2010 Liverpool FC accepted a bid to take control of the club subject to a legal dispute. NESV was founded in 2001 when John W. Henry joined forces with Tom Werner, Les Otten, The New York Times Company (which owns 16.58 percent and other investors to successfully bid for the Red Sox.
ReplyDeleteOn 6th October NESV agreed to purchase the English Premier League club - Liverpool Football Club from owners George Gillett and Tom Hicks after the board voted 3-2 to oust them from the club.
Officers
ReplyDelete* John W. Henry, principal owner
* Thomas C. Werner, chairman
* David Ginsberg, vice chairman
* Philip H. Morse, vice chairman
* Larry Lucchino, president and CEO
* Ed Weiss, general counsel
[edit] Partners
* Theodore Alfond
* William Alfond
* Thomas R. DiBenedetto
* Michael Egan
* Michael Gordon
* John A. Kaneb
* Seth Klarman
* Henry F. McCance
ReplyDelete* The New York Times Company
* Arthur E. Nicholas
* Frank Resnek
* Martin Trust
* Jeffrey Vinik