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


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
Guardiola: I Would Leave Bayern if Asked    
Bayern Munich coach Pep Guardiola said he would be happy to leave the German giant after ...
Hazard a 'Major Doubt' for UCL Semi    
Chelsea on Friday confirmed that playmaker Eden Hazard is "major doubt" for Tuesday's UEFA Champions League ...
Neymar to Miss at Least Four Weeks     
Barcelona starlet Neymar looks set to miss the rest of the season after suffering an injury ...
Klinsmann on Altidore's Situation    
In the latest edition of Road to the Roster, U.S. men's national team coach Jurgen Klinsmann ...
Liverpool Players Lead PFA Awards Lists     
Liverpool trio Luis Suarez, Daniel Sturridge and Steven Gerrard were nominated for the Professional Footballers' Association's ...
Cruyff: Barca Needs to Restore Laporta, Guardiola     
Barcelona legend Johan Cruyff thinks the best way to turn the Catalan giant's fortunes around is ...
Ronaldo Could Miss First Game vs. Bayern     
Cristiano Ronaldo watched from the stands as Real Madrid beat Barcelona 2-1 in the Copa del ...
Report: Moyes Must Qualify for Europa League    
Manchester United coach David Moyes is understood to be under pressure from the Glazer family, the ...
Bayern Eases into German Cup Final     
Bayern Munich on Wednesday remained on course for a record 17th German Cup by crushing second ...
Pellegrini: 'Mentally Tired' City Not Out of Title Race    
Manuel Pellegrini admitted that Manchester City is mentally tired after his team could only manage a ...
>> Section 2 Around the Net Archives