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|Hodgson Hails Proposed Liverpool Buyout
|LONDON (AP) -- Liverpool manager Roy Hodgson is delighted the Boston Red Sox owners want to rescue the heavily indebted club, despite a looming court battle by the board to force the club's current owners to sell.
The $476 million bid from Red Sox owner New England Sports Ventures has been accepted by three members of Liverpool's board ahead of an Oct. 15 deadline.
By that time the club must have repaid its debts, or be taken over by its main creditor Royal Bank of Scotland or seek bankruptcy protection.
(Copyright 2010 by The Associated Press. All Rights Reserved.)