LONDON (AP)—Liverpool’s financial problems escalated Tuesday when the sagging club received a takeover bid from the Boston Red Sox’s parent company plus another offer, then announced its American owners were opposed to the offers and trying to oust two senior board members.
Co-owners Tom Hicks and George Gillett Jr. rejected the offers because the bidders are only willing to pay around 300 million pounds ($477 million), slightly more than the 218.9 million pounds (then $431 million) the pair paid for the club in 2007. But the club’s debt, which must be repaid by Oct. 15, has grown to around 285 million pounds ($453 million)