Liverpool's board agreed to sell the debt-riddled Premier League club to the owners of the Boston Red Sox, but may have to take legal action to force out the existing American owners.
Current co-owners Tom Hicks and George Gillett Jr. have already said they will resist the bid from New England Sports Ventures, which owns the Red Sox, and a separate bid from an unidentified Asian investor.
Hicks and Gillett said both bids”dramatically undervalue” the 18-time English champion. Liverpool chairman Martin Broughton said the Red Sox owners have offered to pay $477 million.
Despite the opposition, the Boston offer was accepted by the three non-owner board members and takeover approval could come today.