Tuesday, March 24, 2009

Gillett Ponders Franchise Sale


The future of Liverpool co-owner George Gillett may once again come into the spotlight after reports claim he is considering selling the Montreal Canadiens NHL franchise.

Gillett’s fellow owner at Liverpool, Tom Hicks, has made it clear that he wants to stay at Anfield for the long term, but nothing has been heard from Gillett on his plans.

According to reports, Gillett has called in financial advisors to take stock of his assets, and is considering anything from restructuring of his interests to a sell-off.

“The process has been started but we’re only at the beginning,” Canadiens team president Pierre Boivin told La Presse.

“We’re not hiding it; we’re going through a very difficult economic period.”

A new stadium for Liverpool has been put on hold due to the credit crunch with Gillett and Hicks engaging in a public spat before claiming their relationship has been repaired.

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