Hicks and Gillett seek investors

29 September 2009 05:07
Liverpool co-owners Tom Hicks and George Gillett have confirmed that they want to attract outside investment for the club. The American businessmen took over at Anfield in 2007 after buying out former chairman David Moores in a deal worth an estimated £220million. Hicks and Gillett have been criticised during their ownership, with some Reds fans disappointed by their level of investment in the Premier League outfit. The recent announcement that plans to build a new stadium are on hold because of the worldwide financial recession has earned fresh condemnation. But hopes may now be raised following Hicks and Gillett's confirmation that they are eager for investors in Liverpool. A statement read: "The owners have jointly retained Bank of America Merrill Lynch and Rothschild to evaluate the possibility of new investors injecting equity into LFC. "However, the process is at an early stage, there is no agreement with any party." Sports investment firm F6, which is chaired by Saudi prince Faisal bin Fahd bin Abdullah, has said that it had signed a deal with Gillett to begin the process of examining Liverpool's accounts.

Source: SKY_Sports