Wolves’ Steve Morgan welcomes Liverpool FC takeover
Thursday 7th October 2010, 11:41AM BST.
Wolves chairman Steve Morgan has welcomed Liverpool’s prospective new owners.
Morgan who made an unsuccessful bid for Liverpool five years ago said he would welcome the takeover if given the go-ahead in the High Court next week.
“I give a warm welcome to anything that resolves the issue, it’s hopefully good for the club and fans,” said Morgan at the Leaders in Football conference.
“I’m not a fan of leveraged debt in football, if it doesn’t happen on the pitch, interest bills of £40-50m are a hell of a hurdle before you’ve kicked the ball.
“They all understand the passion that exists for football and see it as an investment and opportunity to both invest and exit and multiply their wealth.
“Yet most American sports owners think they are going to go and do a better job and be a big success and win many championships and sometimes that doesn’t quite work out.
“See example A, Liverpool. I think, like anyone who’s got a bit of Liverpool in their heart, I have been very saddened to see what’s happened to the club over the past six months in particular.”
Liverpool are poised to be taken over by the owners of Boston Red Sox, New England Sports Ventures. The Anfield board have accepted the £300m bid but current owners Tom Hicks and George Gillett Jnr will fight the move at the High Court next week.
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