Saturday, January 27, 2007

Liverpool reveal Gillett approach

Liverpool have received an approach about a possible takeover of the club from American tycoon George Gillett.

Liverpool chairman David Moores, who owns 51.6%, is thought to have received a higher bid for his shares from Gillett but favours DIC because he believes it would be better for the club.

He has already reportedly reached an agreement with DIC in a deal which would see it purchase majority control for around £155m, assume £80m of debt and fund a new 60,000-seater stadium close to Anfield.

One of the areas of concern over the Gillett bid is that the Reds board believe the American would be keen to debate a groundshare with Everton.

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