Day Posted April 16, 2010 Share Posted April 16, 2010 Liverpool owners Tom Hicks and George Gillett have confirmed their intention to sell the debt-ridden Premier League club by appointing a new chairman. British Airways boss Martin Broughton will oversee the sale of the Anfield club, which is £237m in debt. "They've recognised a complete sale is the right thing to do at this stage in time," Broughton told BBC Sport. Hicks and Gillett say there have been numerous expressions of interest and have asked Barclays Capital to assist. Chief executive Christian Purslow, along with two banks - Merrill Lynch and Rothschilds - had been asked to find £100m of investment to satisfy a request from the club's principal creditor, RBS. But with significant investment not forthcoming and issues over funding for a new stadium in Stanley Park and providing a substantial transfer budget for manager Rafael Benitez becoming increasingly significant, the Americans have decided their best option is to sell up - a move they say has the "full support of the existing bankers". In a statement, Hicks and Gillett said: "Owning Liverpool Football Club over these past three years has been a rewarding and exciting experience for us and our families. "Having grown the club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development. Read more http://news.bbc.co.uk/sport1/hi/football/teams/l/liverpool/8624597.stm Link to comment Share on other sites More sharing options...
Boycie Posted April 16, 2010 Share Posted April 16, 2010 oh right. Link to comment Share on other sites More sharing options...
derbydan Posted April 20, 2010 Share Posted April 20, 2010 was just a matter of time really this was on the cards 6 months ago Link to comment Share on other sites More sharing options...
Day Posted April 20, 2010 Author Share Posted April 20, 2010 Didn't know you were a tarot reader, you kept that one quiet Dan. Link to comment Share on other sites More sharing options...
derbydan Posted April 20, 2010 Share Posted April 20, 2010 not really a suprise really when they have had to apply to the bank for extensions of repayments on monies owed quite a few times Link to comment Share on other sites More sharing options...
Day Posted April 20, 2010 Author Share Posted April 20, 2010 Beg yer pardon? Link to comment Share on other sites More sharing options...
derbydan Posted April 20, 2010 Share Posted April 20, 2010 last year the owners had to ask the bank for a 6 months extension on repayments of the debt they owed the bank Link to comment Share on other sites More sharing options...
Day Posted April 20, 2010 Author Share Posted April 20, 2010 Doesn't matter Dan, read the thread back once you've had a coffee. Link to comment Share on other sites More sharing options...
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