More LFC Takeover Details
Chairman David Moores said today he will sell his 51 per cent stake in the 18-time English champions to George Gillett Jr., owner of the Canadiens, and Tom Hicks, who owns the Dallas Stars and the Texas Rangers.
Moores recommended other shareholders do the same, leaving Liverpool on the verge of becoming the third Premier League club owned by Americans.
The 218.9 million pound (C$509.8 million) offer from Gillett and Hicks includes an agreement to pay off about 45 million pounds (C$104.3 million) of club debt and pledges to build and finance a 60,000-seat stadium.
'I believe this is a great step forward for Liverpool, its shareholders and its fans,' said Moores, whose family has owned the club for decades.
'This club is my passion and forms a huge part of my life. After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad.'
Broadcaster ITV said it would also sell its 9.9 per cent stake, and Gillett and Hicks said they had received acceptances from 62.2 per cent of Liverpool's shareholders under the deal worth 5,000 pounds (C$11,644) per share.
Moores recommended other shareholders do the same, leaving Liverpool on the verge of becoming the third Premier League club owned by Americans.
The 218.9 million pound (C$509.8 million) offer from Gillett and Hicks includes an agreement to pay off about 45 million pounds (C$104.3 million) of club debt and pledges to build and finance a 60,000-seat stadium.
'I believe this is a great step forward for Liverpool, its shareholders and its fans,' said Moores, whose family has owned the club for decades.
'This club is my passion and forms a huge part of my life. After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad.'
Broadcaster ITV said it would also sell its 9.9 per cent stake, and Gillett and Hicks said they had received acceptances from 62.2 per cent of Liverpool's shareholders under the deal worth 5,000 pounds (C$11,644) per share.
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