Liverpool agree to American takeover

The board of Liverpool FC has accepted an offer from US businessmen George Gilett and Tom Hicks for a takeover of the club.

The board has called for a press conference at 2 PM UK time to announce details of the buyout.

The Americans are reported to have offered 5000 pounds for each Liverpool share, putting the issued share capital of the club at 1.74 million pounds.

“Together with the £44.8million of net debt in the club as at December 31 2006, this represents an enterprise value for Liverpool of £218.9 million.”

Current Liverpool chairman David Moores is expected to become honorary life president at Anfield after the takeover. The money is expected to be used to construct a new stadium at Stanley Park. The takeover will also give Liverpool more teeth in the transfer market where they haven’t been able to compete with the likes of Chelsea, Real Madrid and even West Ham in recent times.

The 5 time European champions will  join Manchester United, Chelsea, West Ham, Aston Villa and Portsmouth  in the list of English clubs in foreign hands.

I do hope that this brings in some big name signings to Anfield. We haven’t made any major signings in the last three to 4 years, and getting some quality players might help us achieve the level of consistency we have so badly been seeking in the league.



  1. tyduffy said

    I would be worried if I were you. Tom Hicks is one of the worst owners in American sports. His biggest legacy in baseball is being fooled into signing outrageous contracts for mediocre players, every single year, and by the same agent, no less. You may get some big names coming to Anfield, but it may be at an overinflated cost.

  2. I have started a weblog against cheating in football, I want to bring pressure on sponsors and the FA to enact post-match penalties on cheats. I am hoping to get as many people there as possible to start an email campaign.

    Would you mind checking it out and seeing if you might like to (a) sign the petition/send an email or two, (b) help send us traffic and (c) perhaps contribute writing for the site.



RSS feed for comments on this post · TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: