Shearman, Slaughters and Weil advise on sale of Liverpool FC

Shearman & Sterling, Slaughter and May and Weil Gotshal & Manges have netted the prize roles on the proposed takeover of Liverpool Football Club by the owner of US baseball franchise the Boston Red Sox.

European managing partner Creighton Condon is understood to be leading the Shearman team acting for longstanding client New England Sports Ventures (NESV), which successfully bid for the Red Sox in 2001. The team also features London corporate co-head Laurence Levy.

Weil Gotshal London managing partner Mike Francies is understood to be advising the current owners of the club Tom Hicks and George Gillett.

Slaughters is believed to be acting for Liverpool, fielding a team led by corporate rainmaker Nigel Boardman and also featuring corporate partner Mark Zerdin.

It is still unclear whether Allen & Overy has a role in the proposed takeover, which still requires Premier League approval before it can progress. Corporate chief Andrew Ballheimer claimed the prize mandate when he advised the Hicks and Gillett consortium on its £470m acquisition in 2007 (6 February 2007).