The American, who met Liverpool chairman Martin Broughton in London for talks last week, hopes the deal with the Blackstone/GSO Group will allow him another two years to find a buyer for the Merseyside club, who face Manchester United today.
The deal reportedly does not include any funds to buy new players or to build a new stadium. The notion of Hicks remaining in charge could also lead to questions over the long-term futures of Pepe Reina and Fernando Torres, who have voiced concerns over the club’s ambitions under the American owners.
Liverpool’s board must now decide whether they must mount a legal challenge to Hicks. There is uncertainty over whether the board can block his proposals.
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