Wednesday, September 30, 2009

Liverpool FC Owners Tom Hicks And George Gillett Looking For Outside Investors


Liverpool owners Tom Hicks and George Gillett have confirmed they are looking for investment in the club.

Following the appearance of Saudi Prince Faisal bin Fahd bin Abdullah al-Saud in the stands with the Americans at the weekend; the pair released a statement confirming they had retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of an outside injection of equity into the club.

It added: "However the process is at an early stage, there is no agreement with any party."

Sports investment firm F6, chaired by the prince, had previously claimed an exclusivity deal with Gillett, and that he was in talks to buy his 50% stake.

Hicks is looking to raise £100m from investors in return for a 25% stake in a bid to turn around the club's debt.

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