NESV completes Liverpool takeover

New England Sports Ventures (NESV) have completed the 300 million-pound takeover of Liverpool with new owner John W Henry saying he is proud and humbled by the responsibility.



The owners of the Boston Red Sox have taken control of the club after Tom Hicks and George Gillett were defeated in their legal battle to stop the takeover.



Hicks and Gillett are promising to sue for more than one billion pounds but their hugely unpopular three-and-a-half-year rein at the club is over.



NESV says the club's debt servicing costs will drop from 30 million-pound a year to 2 to 3 million pounds.