Text size:

  • Small
  • Normal
  • Large
The Liverpool manager Rafa Benitez addresses the media ahead of the Reds' crucial Champions League Group D match against Atletico Madrid.
The Liverpool manager Rafa Benitez addresses the media ahead of the Reds' crucial Champions League Group D match against Atletico Madrid.
The Liverpool manager Rafa Benitez addresses the media ahead of the Reds' crucial Champions League Group D match against Atletico Madrid.

Liverpool 'up for sale'

The Liverpool owners Tom Hicks and George Gillett Jr appear to be ready to sell the club as credit crunch hits pockets.

LIVERPOOL // Liverpool, the English Premier League club and five-times champions of Europe, have called in the investment bankers Merrill Lynch in an attempt to find a buyer. The current owners, the American pair of Tom Hicks and George Gillett Jr, are in need of restructuring their 350million (Dh2.1bn) loan with the Royal Bank of Scotland (RBS) which, according to a report in The Times newspaper, expires on Jan 25 2009.

The RBS is currently protected by the British government which has stepped in to shore up several financial institutions due to the credit crunch and, as a result, is believed to restructure loans only in extreme and favourable circumstances. The news has already led to speculation in the English media that Dubai International Capital will resurrect their interest in buying the club after having a bid, believed to be in the region of 400m rejected. Hicks and Gillett Jr, who fell out earlier this year, had lodged ambitious plans to leave Anfield, where the team have played since their formation in 1892, and build a new stadium in nearby Stanley Park. However, those plans were put on hold in light of recent events.

sports@thenational.ae

Back to the top

More articles


Editor's Picks

 Glenn Maxwell's knock that followed ensured Brendon McCullum's knock went in vain after his explosive half-century took Chennai Super Kings past the 200-mark. Ravindranath K / The National

All is well with Punjab as Maxwell and Miller seal win against Chennai

The Australian missed out on a century but his 95 runs, along with Miller's unbeaten half-century, ensured Kings XI scaled a mighty peak of a target in a hot first game of Abu Dhabi's double-header.

 Sunderland manager Gus Poyet protests during the Premier League match against Crystal Palace at The Stadium of Light in Sunderland, northeast England, on March 15, 2014. Ian MacNicol / AFP

Sunderland going out of Premier League with a grumble

Northeast club have underwhelmed during seven-year stay in the top flight

 Hamburg players leave the field after the match against Borussia Moenchengladbach on March 30, 2014. AFP

Hamburg the dinosaur’s time may be up in Bundesliga

Ever-present for 51 years in the German top-flight, Hamburg face the prospect of relegation, writes Ian Hawkey.

 At 105 kg, Gabrielle Garcia has dominated the world circuit and loves many things about being in Abu Dhabi. Ravindranath K / The National

Garcia seeks fresh challenge in MMA after her jiu-jitsu domination

Brazilian prides being a lioness in the sport but feels she can shed 25kg weight to pursue her MMA debut aspirations.

 England's Jonathan Trott hits out during the ICC Champions Trophy semi final match against South Africa at The Oval cricket ground, London June 19, 2013. REUTERS/Philip Brown

England’s Jonathan Trott sidelined with stress-related illness again

Jonathan Trott is to take a second break from professional cricket because of his stress-related illness as England and Wales Cricket Board and Warwickshire confirmed he will stop playing with immediate effect.

 Chelsea manager Jose Mourinho looks on during the Premier League match between Swansea City and Chelsea at the Liberty Stadium on April 13, 2014 in Swansea, Wales. Chris Brunskill/Getty Images

‘That’s why we are a top club’ says Chelsea goalkeeper Petr Cech

Jose Mourinho’s men will temporarily claim the Premier League top spot if they beat Sunderland, leaving them in control of their own destiny in the title race ahead of a crucial trip to face Liverpool at Anfield on April 27.

Events

To add your event to The National listings, click here

Get the most from The National