Gillett rejects Reds sale talk

25 March 2009 08:04
George Gillett has played down talk he is preparing to sell his stake in Liverpool. Speculation intensified that Liverpool co-owner Gillett was prepared to sell his interest in the club after appointing top financial advisers BMO Capital Markets to assess all his global investments. However, Gillett insists he is assessing all his options with the American also having a majority shareholding in Montreal Canadiens, along with a number of other businesses. Gillett is adamant no decision has been made on whether he will sell his stake in Liverpool with Gillett and fellow co-owner Tom Hicks having to refinance the £350million loan they took out to buy Liverpool in July. "We have appointed advisers in different countries to assess our assets," Gillett told the Liverpool Echo. "We have engaged professionals who are doing some estate planning, it has nothing to do with any decisions to sell any assets. "We may do some recapitalization, but any links between what we are doing and the situation at Liverpool is incorrect. We have made no decision to sell."

Source: SKY_Sports