Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Hicks Could Block Gillett's Liverpool Sale to DIC
Guardian, February 29th, 2008 3:45PM

MOST READ

MOST COMMENTED

Texas billionaire Tom Hicks warned Dubai International Capital group that he would block Liverpool co-owner George Gillett from selling his investment in the club to the Arab investment group. Gillett, who recently fell out with Hicks, has been receptive to the prospect of selling his 50 percent stake at a quick profit, but Hicks revealed that any move the Montreal Canadiens owner makes would have to be approved of by him.   

"Not only am I not going to sell, my partner cannot sell without my approval," Hicks told the Fort Worth Star-Telegram yesterday. "So I kind of have the ability to determine the outcome of what is going to happen and I am right in the middle of that."

According to the Guardian, Hicks would allow DIC to purchase Gillett's stake only on the condition that he remain in charge of the club's management structure. DIC has rejected those terms and is reluctant to thrust Liverpool into another 50-50 joint venture that has thus far proved to be damaging to the club. The investment group is determined to walk away from any deal if the impasse continues. In the Star-Telegram interview, Hicks also suggested that one way to fix the situation would be for him to buy out Gillett's remaining stake and become Liverpool's outright owner. "For a lot of reasons I can't discuss, I haven't been able to fix it yet," he said. "But I am preparing to be in a position to fix it."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Cal South TOPSoccer Program Turns 25    
"We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
How Neymar Played in Childhood     
Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
Roma Partnering with U.S. Youth Clubs    
Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
Serie A to Introduce Goal-Line Technology     
Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
Ronaldo: Cristiano Junior Prefers Messi     
Real Madrid forward Cristiano Ronaldo, who on Monday was named the 2014 Ballon D'Or winner, revealed ...
>> Section 2 Around the Net Archives