Mayer Brown has advised investment company Mill Financial on its failed eleventh-hour bid for Liverpool FC, as US sports group New England Sport Ventures (NESV) completes its £300m takeover of the Premier League club.

US investor Mill, which was advised by Mayer Brown’s UK corporate head Peter Dickinson and corporate partner Kate Ball-Dodd, today (15 October) held negotiations with co-owner Tom Hicks over the acquisition of his stake in the club.