Defend Truth

Liverpool to be sold, but not if Hicks and Gillet have their way

The board of Liverpool have agreed to sell the football club to New England Sports Ventures, which owns, amongst many other things, the Boston Red Sox. According to a statement released on Liverpool's website, "the sale is conditional on Premier League approval, resolution of the dispute concerning Board membership and other matters", which is a very nice way of saying that the current owners of the club, Tom Hicks and George Gillett, have done their damndest to prevent the sale of the Reds to the NESV. Hicks and Gillett are a much-hated pair amongst Scousers, after saddling the club with debt, and have been blamed for Liverpool's woeful form in the last few years. In a move that added much salt to already smarting wounds, Hicks and Gilletts tried to sack Liverpool's managing director Christian Purslow and commercial director Ian Ayre in order to block the sale. Purslow and Ayre are understood to have consulted their lawyers over whether they can fend off the unwanted attentions of Hick and Gillett, and force a sale. NESV is thought to be offering £300 million for the club, which would cover Liverpool's £280 million debt (in loans and fees), with a bit of change to spare. Crucially, being debt-free would theoretically free the manager to splash around a bit during the transfer period. The mood amongst Anfield die-hards is one of very cautious optimism, with most fans expressing reservations about NESV's apparent lack of a long-term plan. Read more: Liverpool website, BBC News, the Guardian


Please peer review 3 community comments before your comment can be posted

Daily Maverick The Gathering 2024 banner

Daily Maverick has secured an esteemed speaker line-up...

to help make sense of Elections 2024.

Trevor Manuel, Prof Thuli Madonsela and Minister Ronald Lamola are among the latest panellists confirmed for Daily Maverick The Gathering Twenty Twenty-Four.

Join us, on Thurs 14 March 2024 at CTICC Cape Town or online wherever you are, for an event that will put the election in perspective.

Make your taxes work for you

Donate to Daily Maverick’s non-profit arm, the Scorpio Investigative Unit, by 29 February 2024 and you’ll qualify for a tax break.

We issue Section 18A tax certificates for all donations made to Daily Maverick. These can be presented to SARS for tax relief.

Make your donation today

Support Daily Maverick→
Payment options

Otsile Nkadimeng - photo by Thom Pierce

A new community Actionist every week.

Meet the South Africans making a difference. Get Maverick Citizen in your inbox.