US pair agree Liverpool takeover

[BGonaSTICK]

American tycoons George Gillett and Tom Hicks have reached an agreement to take over Liverpool.

Hicks and Gillett will be co-chairmen but will leave existing chief executive Rick Parry to run the club.

Liverpool chairman David Moores, who will become an honorary life president, said: "This is a great step forward for its shareholders and its fans."

The pair, who each own NHL ice hockey teams, beat off competition from Dubai International Capital.

Their offer is worth £5,000 per share, valuing the club at £174.1m, and along with the club's £44.8m debt it values the club at £218.9m.

But the pair are also believed to have guaranteed to invest over £200m in the club, but they refused to discuss figures.

Source: BBC

[jontydog]

Oh god more inflated transfer prices and wages. Now if the Dubai Consortium who pulled out of the deal are reading this there is another little club just down the road in Manchester right next to the new SuperCasino that could do with a bit of cash and a Full Time manager and a new board. Send an email to jwardle@mcfc.co.uk We don't pay anything for our ground so you don't even need to buy it its rented from Manchester City Council.