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
Reports: Bale to Miss Crucial Week for Real     
According to reports on Monday, Gareth Bale will miss a crucial week for Real Madrid after ...
Injured Lampard to Miss City's Trip to CSKA    
Frank Lampard was carried off on a stretcher as Manchester City beat Tottenham 4-1 at the ...
Report: Shakhtar Stadium Damaged in Ukraine War    
Shakhtar Donetsk's Donbass Arena suffered serious damage from gunfire on Monday despite the recent ceasefire agreed ...
Mourinho Swipes at National Team Coaches    
Chelsea coach Jose Mourinho took a swipe at Spain coach Vicente del Bosque on Monday, by ...
Bundesliga: Heaven for Bayern, Hell for BVB    
Pep Guardiola once again lavished high praise on Philipp Lahm after the Bayern Munich veteran put ...
Enrique Dismisses Messi Substitution Row     
Did Lionel Messi refuse to be taken off during Barcelona's 3-0 win against Eibar? No matter ...
Hart: Aguero "Useless" in Practice Sessions    
Sergio Aguero, Manchester City's four-goal hero against Tottenham on Saturday, is apparently "useless" at times during ...
Arena: 'We Need to Start Focusing on Playing'    
Bruce Arena suggested that Landon Donovan's long MLS goodbye has become a distraction following the Los ...
Platini: Blatter No Longer Serves Soccer    
UEFA President Michel Platini on Friday launched perhaps his most scathing criticism of FIFA President Sepp ...
Gundogan Back for BVB; Reus, Mkhitaryan Close    
Ilkay Gundogan is set to put 14 months of injury misery behind him on Saturday when ...
>> Section 2 Around the Net Archives