- Associated Press - Friday, October 15, 2010

LONDON (AP) - Liverpool says the soccer club has been sold to the owners of the Boston Red Sox.

The $476 million takeover by New England Sports Ventures was completed Friday after a bitter court fight with the club’s previous American owners.

The deal went through after owners Tom Hicks and George Gillett Jr. withdrew the temporary restraining order blocking the sale they had obtained in a Texas court. But they intend to pursue a claim for $1.6 billion in damages.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP’s earlier story is below.

LONDON (AP) _ Two people with knowledge of the decision say Liverpool has completed the sale of the famed soccer club to the owners of the Boston Red Sox.

The $476 million takeover by New England Sports Ventures was completed Friday after a bitter court fight with the club’s previous American owners.

Those confirming the sale spoke to The Associated Press on condition of anonymity because the deal had not yet been officially announced.

The deal went through after owners Tom Hicks and George Gillett Jr. withdrew the temporary restraining order blocking the sale they had obtained in a Texas court. But they intend to pursue a claim for $1.6 billion in damages.

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