Liverpool close to Gillett takeover deal

24 Apr 2008

By: Sport Industry Group

Liverpool looks to have secured a takeover deal with American businessman George Gillett following the collapse of the bid from Dubai International Capital earlier this week.

Dubai International Capital had been expected to buy out Liverpool in a £450m bid but following an increased last minute offer from Gillett the club backed out of the deal on the table.

The Gillett offer is understood to be more lucrative for shareholders and also includes a commitment to finance a new stadium, thus ruling out the possibility of a ground-share with neighbours Everton.

#Gillett, who owns the National Hockey League side Montreal Canadiens, is believed to be supported in his deal by US ice hockey club owner Tom Hicks.