Signs of potential exit are good!
Financiers acting on behalf of Tom Hicks, the Liverpool co-owner, have offered a minority stake in the club to potential investors in the Middle East.
Merrill Lynch, the investment bank, has been instructed by Hicks, who is recovering from a hip operation, to open and conduct negotiations with interested parties with a view to selling a 25 per cent share in the club at a price of £100 million as Liverpool continue attempts to reduce their levels of debt.
Although wealthy individuals and organisations in the Middle East have been sounded out about the possibility of buying into Liverpool, none have indicated that they would be willing to enter into what would become a three-way shared ownership venture featuring Hicks, George Gillett Jr, his co-owner, and a third party. (Times Online)
This is great news and hopefully could spell the possible departure of the American owners who have thus far done little to earn the respect of the club’s fans, me included. With any luck someone will come in with an offer for the 25% share of the club and in time hopefully Messrs Hicks and Gillett will back away from the club entirely.
If the club could get together some sort of fan consortium to make an offer for the stake then that would be the best fit but given the amount of money needed this could prove unlikely.