Football Clubs News | Football Finance News
Liverpool owners George Gillett and Tom Hicks have appointed Barclays Capital to help bring new investment into the Anfield club.
The side have struggled this season and appear unlikely to qualify for next term's UEFA Champions League. With concern about Liverpool's reported £237 million debt increasing, it is believed the American tycoons are eager to sell up.
A source close to the agreement told the Times: "The club's finances are improving. It just needs breathing space to get itself into shape before it is sold."
Although initially welcomed by some supporters, Gillett and Hicks have become increasingly unpopular with many sections of Liverpool's fan base as worries about the team's on-field performances have grown.
Reports suggested last week that the Reds had declined an £110 million offer of investment from New York investment firm the Rhone Group, with Gillett and Hicks believed to be unwilling to relinquish overall control of the club.
Written by Terry Mitchell
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21 October 2010
21 October 2010
21 October 2010
20 October 2010
20 October 2010
