Hicks set to follow Gillett in selling US stakes as Anfield power battle drags on

27 March 2009 10:35
Liverpool co-owner Tom Hicks is looking to sell part of his share in Major League Baseball team Texas Rangers.[LNB]Hicks, who co-owns Liverpool with George Gillett and also owns NHL side Dallas Stars, currently has a 95 per cent stake in the Rangers.[LNB]Power: Tom Hicks[LNB]The American, who is trying to sell minority shares in the Stars as well, revealed his intentions at Rangers' spring training complex.'I've been quietly looking for minority investors to come back into the ownership of the Rangers as a way to be prudent in a bad economy," Hicks said on mlb.com.'I'm doing the same thing with the Stars. At the end of the day, I'll still have 51 per cent to 60 per cent of the ballclub and have new partners. That doesn't change anything.'I own 95 per cent of the Rangers. I started out owning 55 per cent and over the past 10 years I've been slowly buying out partners that wanted to sell.[LNB]'There's no reason to own 95 per cent. There aren't many owners who own 95 per cent.'[LNB]Earlier this week it was reported Gillett was considering selling some of his sporting assets, which also include the Montreal Canadiens NHL franchise.[LNB] Liverpool chief Gillett set to sell £250m assets to boost his bid to stay in control at AnfieldHicks insists things are fine with Kop co-owner Gillett and search is on for 'world's best chairman'LIVERPOOL FC

Source: Daily_Mail