Michael Klein Re-Emerges As Key Figure Behind Scenes At Liverpool

Michael Klein seems to have re-emerged as a key figure behind the scenes at Liverpool. The former Citibank grandee was instrumental in BarCap's acquisition of Lehman Bros two years ago and was the man who recommended the appointment of Martin Broughton as the Anfield chairman in April.

Klein and Broughton were, until 2008, co-chairmen of the Transatlantic Business Dialogue lobby and it was Broughton who confirmed that Liverpool's co-owners, Tom Hicks and George Gillett, "knew [Klein] from old".

Now Digger can reveal that a certain Klein Group – whose backer is unknown, but is more likely to be Michael Klein than the WalMart builder or the Dallas kids' clothing retailer by the same name – will earn up to $400,000 (£260,000) in fees from the setting up of the Hicks Acquisition Co II this column exposed yesterday.

That was set up at the time when BarCap drew up a refinancing proposal for Hicks and Gillett, and fans are worried the proximity of Klein both to Hicks and to BarCap will lead to Barclays assisting the Americans in retaining control of the club beyond Royal Bank of Scotland's 6 October refinancing deadline. The Kop Faithful pressure group yesterday sent an open letter to 40 BarCap staff demanding that they do not proceed with the refinancing plans. But it may never get that far in any case.

Although Broughton knows Klein well, he did oppose the refinancing scheme when it was presented to the board. And RBS, which as primary lender stands to lose most if BarCap were to deliver Liverpool to Hicks with reduced debt, told Digger: "We have full confidence in Barclays and the chairman to complete a sale."