Fans of Liverpool Football club have finally got what they wanted with the news that George Gillett and Tom Hicks are set to sell the club. New England Sports Ventures, fronted by self made-millionaire John W Henry, will takeover at Anfield subject to Premier League approval.
But speaking to Liverpool fans soon after the news broke there was a general feeling of scepticism and to be honest they have every right to be wary about another takeover. While Henry will clear the club of debt, Liverpool fans have learnt first-hand the problems that can come when the wrong people are in charge of a football club.
But in Henry the club should be in safe hands. While he may not be in the super-rich bracket of the likes of Roman Abramovich or Sheikh Mansour he will be bring a sense of rationalism and stability that was so often lacking under the infamous duo of Hicks and Gillett.
In his time with the Boston Red Sox Henry made the most out of maximising the clubs revenue and at Liverpool he has something that Chelsea and Mancheser City don’t have. Their established history of success brings ready made marketability and therefore revenue.
Previously this revenue had got straight into clearing the clubs rapidly increasing debt, but with the club now out of the red Henry has a chance to overcome his lack of a super-fortune.
I don’t think this move will be a quick fix for Liverpool’s problems on the field, and fans shouldn’t get their hopes up that the takeover will see stars arriving at the club left right and centre. But it could allow for sensible progression which in turn could bring the long term success that the club desperately craved.
While we don’t know what Henry’s plans are surrounding the clubs new stadium, which in my opinion is the key to the clubs development , you have to feel that the club is in a much better position than of this time yesterday.
All the signs are now pointing in the right direction for Liverpool off the field, and the clubs fans should welcome the new owners with open arms, even if he wasn’t the sort of buyer they had in mind.
What do you think? Is this takeover the right move for Liverpool Football Club?