Are Mr. Hicks and Mr. Gillett soon to be saying goodbye to Anfield?

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Liverpool Football Club Confirms Takeover Bid

Mukesh Ambani, chairman of Reliance Industries and Subroto Roy, chairman of Sahara Group are reportedly bidding for a 51 per cent stake

Liverpool is presently owned by American duo George Gillett and Tom Hicks, who acquired the club in February 2007.

However, deported disagreements between Gillett and Hicks, and the lack of the fans’ support, have led to rumours that that international buyers such as the Dubai International Capital would bid for the club.

The Liverpool club emerged as a takeover target for Ambani, the seventh-richest man in the world, as pressure mounted on Hicks and Gillett to cut a deal to sell the club, The Times reported.

Both Ambani and Roy have reportedly each tendered similar bids to pay off Liverpool’s 237 million pounds debt in return for a 51 per cent stake in the club.

Liverpool chief executive, Christian Purslow, however denied any knowledge of bids by Ambani and Roy, but The Times reported that approaches began as early as November and that some preliminary talks had taken place.

Each deal requires that the present owners make a commitment to take no dividends or expenses out of the club for three years to allow the club to resume a secure financial basis.

The Americans were reportedly unpopular with club’s supporters and the hostility had increased as it had become clear that there were no money available to strengthen the team.

In April 2008, business magazine Forbes ranked Liverpool as the fourth most valuable football team in the world, after Manchester United, Real Madrid and Arsenal. (Times Of India)

This can only be good news because quite frankly on this occasion it is definitely not better the devil you know. Tom Hicks and George Gillett have bled the club dry and Anfield has become a debt ridden place because of the actions of the two Americans.

When you read that your club is potentially about to be bought by the second richest man on the planet it can only be a reason to rejoice! Please let it be so!

YNWA


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