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The Liverpool FC have confirmed rumors that they are looking for more investors who could own part of the team. Current owners George Gillett Jr. and Tom Hicks have said that they are looking to find someone who could help finance their new stadium and front their current $424.5 million debt. The status of the team in the English Premier League could make this a lucrative deal for the duo.
Liverpool FC's co-owners George Gillett Jr. & Tom Hicks
Construction of Liverpool’s brand new stadium was halted earlier this year when the global economy made a turned for the worst. Gillett and Hicks are hoping that by bringing in new money they’d be able to finish building the bigger stadium which could then bring in more revenue.
Gillett and Hicks are known for their differences of opinions, which makes this kind of deal tricky. So far this news has attracted the interest of Saudi Prince Faisal bin Fahd bin Abdullah al-Saud who is brokering the deal with a Swiss investment company and two unnamed banks.
If the deal goes through it would certainly be worth somewhere in the hundred millions.
Image TSN.ca
