After a wild week of litigation on both sides of the Atlantic, British Premier League franchise Liverpool F.C. will be sold to an American investor group in a deal that fielded more than a few lawyers.
On Friday, an ownership group called New England Sports Ventures, led by Boston Red Sox owner and hedge fund titan John Henry, agreed to take control of the storied British soccer team for $481 million, Bloomberg reports. The Am Law Daily reported on the proposed sale last week when Shearman & Sterling advised Henry and NSEV on their bid for the team.
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