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
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Rory Delap believes the severity of the injury suffered by Aaron Ramsey saw Ryan Shawcross sent off on Saturday. The Stoke centre-half saw red after his clumsy challenge left Arsenal midfielder Ramsey with a badly-broken leg.
Referee Peter Walton initially appeared reluctant to punish the Potters ace, as the tackle lacked malice.
However, the England hopeful was dismissed after the match official saw the extent of the damage he had caused.
Delap thinks Walton's thought process was wrong and feels injuries have to be accepted as part and parcel of football.
"The referee appeared to react to the seriousness of the incident rather than the actual tackle," Delap said in the Daily Mirror.
"I said to him 'Did you see it?' and he said 'I don't think he meant it - but I've got to send him off.'
LAHORE: The International Cricket Council (ICC) has provided match fixing proves to Pakistan Cricket Board (PCB) against alleged involvement of wicket keeper Kamran Akmal and medium pacer Rana Naveed-ul-Hasan.
PCB chairman Ijaz Butt on Friday made the startling revelation that ICC had provided PCB with the concrete proves of their alleged involvement in match fixing. Despite repeated questions, Ijaz Butt had refused to name the players.
On investigation, a highly placed official in PCB exclusively told Voice of America on the condition of anonymity that “the two players were wicket keeper Kamran Akmal and medium pacer Rana Naveed-ul-Hasan”.
Wicket keeper Akmal had come under heavy fire for his repeated fumbles on the Australian tour. Its worth mentioning that both players were dropped from the T-20 series against England recently playe
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Shoaib Akhtar has confirmed that he had payment disputes with the IPL team Kolkata Knight Riders, who are yet to clear his dues.
Responding to the reports that Bollywood actor Shah Rukh Khan-owned KKR have still not cleared his dues, the controversial Pakistan fast bowler said it was true.
"Yes, it is a fact they have not paid me my dues as yet despite reminders," Akhtar told PTI.
The fast bowler played for KKR in the inaugural edition of the cash-awash Twenty20 league and was one of the six Pakistani players, whose contracts were terminated after the Mumbai terror attacks in 2008.
Akhtar said that after the Mumbai incidents KKR had informed him that they wished to sell him out after paying his dues and documents were signed in this respect.
"But until now my dues have not been cleared as yet," he said.
Fabio Capello has dashed John Terry's hopes of captaining England again but still expects JT to be a leader without the armband.
Capello stripped Terry of the honour following revelations of the Chelsea star's alleged affair with the mother of Wayne Bridge's young son.
The speculation surrounding Terry's relationship with Vanessa Perroncel proved to be so hurtful for Bridge that he now feels his position within the England squad is "untenable" and has no longer made himself available for international duty.
Capello is still hoping Bridge will change his mind.
However, the Italian has made it perfectly clear it will not be at Terry's expense, even if there is no way he can ever be restored to his former status.
"Until the World Cup, John Terry will not be the captain again," said Capello. "After the World Cup? If I remain as E
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Indian Premier League chairman and commissioner Lalit Modi has confirmed plans to stage tournaments outside India.
The League is taking a particular interest in the United States.
The 2009 IPL was eventually forced to move from India to South Africa because of security concerns surrounding the country's elections taking place at the same time, but the success of the tournament has persuaded League chiefs to further explore global opportunities.
While other Asian territories, North America and the Middle East are all on Modi's hit-list, the United States is at the forefront of the IPL's plans with the USA Cricket Association keen to promote the Twenty20 format of the sport in a what remains a huge untapped market with unofficial estimates outlining between eight and 20 million cricket fans in the country.
Injury plagued Australian pacer Brett Lee said he is unsure about his future and may never bowl again.
After coach Tim Neilson virtually shut the Test door on Lee by saying that his future lay in ODIs, the 33-year-old pacer said he might be forced to make the hard choice if he fails to recover completely from the elbow surgery he underwent in December last year.
"As far as my cricket goes, anything is possible. You can read into it what you want, but I may play one-dayers, or no cricket at all," Lee, who has taken 310 Test wickets and 324 one-day scalps, told 'The Daily Telegraph'.
"I may never bowl another ball again, and if that's the case I'm so satisfied with my career and my longevity. I'm not saying it's definitely over, but I'm not sure what I want to be just yet," he added.
Lee conceded that his career is at the crossroads
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New Orleans Saints defeated the Indianapolis Colts 31-17 at Miami's SunLife Stadium. Drew Brees won MVP.
They made the most of their first Super Bowl appearance in their 42-year history of the franchise.
The NFC-champion Saints came from 10-0 down at the end of the first quarter - equalling the largest deficit overturned to win a Super Bowl - and still trailed by a point at 16-17 heading into the fourth before dominating the final period to deny Indianapolis quarterback Peyton Manning and his side a second Super Bowl victory in four years.
It was an emotional occasion for the city of New Orleans, less than five years after it bore the brunt of Hurricane Katrina, as a series of bold calls from head coach Sean Payton helped them claim the title.
The Colts had gone into a 10-0 lead thanks to a Matt Stover field goal and Manning's 19-y
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Jose Mourinho looks set to leave Inter Milan in the summer after reports in Italy linked him with a move to Spanish giants Real Madrid
Mourinho, who guided his Inter side to the Serie A title last season, is once again flying high at the top of Italy's top-flight and is busy preparing for an emotional two-legged clash against former employers Chelsea in the last 16 of the Champions League.
Meanwhile, current Real boss Manuel Pellegrini, despite also guiding his charges to the knockout stages of Europe's elite club competition, is under intense pressure to improve his side's domestic form, with the five point gap between themselves and league leaders Barcelona a growing concern for big spending Madrid president Florentino Perez.
With Real's penchant for hiring and firing coaches - even if they have been successful - Tuttosport has revealed that Perez is set to lure Mourinho to the Bernabeu, and that he is prepared to offer the Portuguese supremo some €7m per season in
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