LONDON (BNO NEWS) -- Liverpool Football Club on Wednesday announced that the board has agreed the sale of the club to New England Sports Ventures (NESV), the owners of Major League Baseball's Boston Red Sox.

"The board decided to accept NESV's proposal on the basis that it best met the criteria we set out originally for a suitable new owner. NESV's philosophy is all about winning and they have fully demonstrated that at Red Sox," said Martin Broughton, Liverpool FC Chairman.

"By removing the burden of acquisition debt, this offer allows us to focus on investment in the team," Broughton added.

The club said the sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters.

NESV also owns the New England Sports Network, Fenway Sports Group and Roush Fenway Racing.

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