Sunday, April 12, 2009

George Gillett In New Kop Bid


George Gillett is to make a last-ditch attempt to oust co-owner Tom Hicks from Liverpool.

The Anfield war betwen the two Americans is entering its final stages as the pair have three months to raise their share of a £350million debt to keep the club.

Both are desperately trying to get funds by selling shares in their other sporting franchises, while also keeping the door open to potential partnerships with Arab businessmen.

After looking the most financially vulnerable of the duo, Gillett is now increasingly confident the imminent £272m sale of his Montreal Canadiens hockey side will allow him to to pile the pressure on Hicks.

Gillett, who attended the Champions League clash with Chelsea at Anfield and is due in London for the second leg on Tuesday, believes Hicks has debts of £350-400m in the United States.

The Texan is trying to offload shares in the Texas Rangers baseball team and ice hockey's Dallas Stars. Despite that, Hicks has been pushing ahead with ambitious plans for Liverpool's future and has done nothing to suggest he's about to walk away.

Gillett made it clear earlier this season he'd leave Liverpool if Hicks went with him.

That stance appeared to soften after he became the prime target of criticism from some Kop fans and he took a back seat as Hicks played the pivotal role in securing manager Rafa Benitez's future.

There were fears Gillett was prepared to step aside and allow Hicks to pursue his own bid for power.

But the picture will change with the sale of the Montreal Canadiens. Now the duo are effectively embroiled in a high stakes race to see who can raise finance first and force the other out, ending what's been a tiresome and damaging power struggle.

Sources close to Gillett insist he's still ready to explore all options - either cutting his ties completely, taking a joint-ownership role with a new partner or remaining as a minority shareholder under a new board.

It's understood the only scenario Gillett won't accept is remaining at Anfield with Hicks. Waiting in the wings are Dubai and Kuwaiti investors, who think the Americans are more vulnerable by the week.

They are sure to make fresh bids at the end of the season.

Recent new deals for Benitez, Steven Gerrard and Dirk Kuyt, and the forthcoming securing of Fernando Torres on a five-year, £120,000-a-week contract, are designed to reassure the banks and potential investors of the long-term security of the club.

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