Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America 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
Report: Tevez's father kidnapped    
The father of Juventus' Argentine striker Carlos Tevez has been kidnapped and is being held for ...
Atletico Madrid Signs Young French Star    
Spanish La Liga champion Atletico Madrid has acquired 23-year-old French World Cup winger Antoine Griezmann from ...
Cuauhtemoc Blanco Makes Comeback at 41    
Former Mexico striker Cuauhtemoc Blanco has returned to the top flight of Mexican soccer at the ...
Jack Wilshere Regrets Having a Smoke    
What happens in Vegas doesn't always stay in Vegas. Arsenal midfielder Jack Wilshere was caught on ...
Dick Advocaat Takes Serbia Helm    
Dutchman Dick Advocaat, whose resume includes stints as coach of the Netherlands, South Korea, PSV Eindhoven ...
Arsenal Buys Teen Defender for $27 million    
Arsenal has signed England U-19 defender Calum Chambers from Southampton for about $27 million. The 19-year-old ...
Schweinsteiger Says Sorry for Insulting Song    
World Cup winner and Bayern Munich midfielder Bastian Schweinsteiger has apologized after a video appeared of ...
Lionel Messi Not Clear of Tax Trouble    
Despite the prosecutor arguing in June that his father Jorge was responsible for the family's finances ...
Ranieri Named Greece Coach     
Claudio Ranieri on Friday signed a two-year deal to manage Greece. The 62-year-old Italian replaces Fernando ...
West Ham's Carroll to Miss Four Months    
West Ham striker Andy Carroll is set to miss up to four months after suffering ankle ...
>> Section 2 Around the Net Archives