Main | Registration | Login | RSSFriday, 2024-03-29, 1:42 PM

Classified Music Money Download

Play Online Games - ENTERTAINMENT, FORUM, NEWS, MOVIES, ADSENSE TIPS, GAMES
Share |
Site menu
Section categories
ARTICLES [5]
All types of mix article available here watch and read articles for free..
BOLLYWOOD NEWS [0]
Latest bollywood news updated here.
BOLLYWOOD MOVIES REVIEW [0]
Bollywood movies review here all about great news send here about bollywood filim industries.
Sports News [15]
Update news current affair on sports
Tag Board
200
Our poll
Rate my site
1. Excellent
2. Good
3. Not bad
4. Bad
5. Awful
Total of answers: 1
Statistics

Total online: 1
Guests: 1
Users: 0
Login form

Blog

Main » 2010 » April » 16 » Americans put Liverpool up for sale
7:53 PM
Americans put Liverpool up for sale
Liverpool owners Tom Hicks and George Gillett Jr will sell the club after appointing British Airways chairman Martin Broughton as chairman.

The American duo, whose time in control of Liverpool has been marked by controversy, have asked Barclays Capital to advise on the sale process.

A statement on the club's website said Liverpool have the "full support of its existing bankers for this process".

Hicks and Gillett had initially instructed chief executive Christian Purslow to find £100million of outside investment to reduce the club's £237million debt.

But with that still unresolved and issues over funding for a new stadium in Stanley Park and providing a substantial transfer budget for manager Rafael Benitez becoming increasingly significant the Americans have decided their best option is to sell up, admitting they have taken the club as far as they can.

"Owning Liverpool Football Club over these past three years has been a rewarding and exciting experience for us and our families," said a joint statement by the co-owners.

"Having grown this club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development."

Broughton will work to oversee the sale alongside Purslow, commercial director Ian Ayre and financial director Philip Nash, who have already had a significant impact on improving the club's financial position off the pitch.

"We are delighted Martin Broughton has agreed to take the position of chairman, working alongside the club's excellent senior management team," added Hicks and Gillett in their statement.

"Martin is a distinguished business leader of excellent judgement and with a great reputation.

"He is a genuine football supporter and will seek to oversee the sales process in the best interests of the club and its supporters."

Broughton said he was determined to find new owners who could help the club improve both on and off the pitch.

"Liverpool is a great club with a fantastic history," he said.

"I will run this sale process in the right way, for the benefit of the club and its fans.

"Liverpool is one of the world's greatest clubs and my aim is to try to ensure we find new owners who are able to build on the club's recent improved financial performance in order to help deliver sporting success."

Category: Sports News | Views: 989 | Added by: VENOM | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Calendar
«  April 2010  »
SuMoTuWeThFrSa
    123
45678910
11121314151617
18192021222324
252627282930
Entries archive
Site friends
  • Watch online latest movies

  • Copyright ADVERTISEMENT JOHN PETTER © 2024