KopTalk.com Forums Football Liverpool FC Forum Hicks about to sell Rangers?

Under-fire Hicks closes in on baseball deal
Liverpool, 09:33, December 16, 2009

Co-owner Tom Hicks has moved closer to selling his Texas Rangers baseball team which could eventually mean more funds for Liverpool.

Hicks has begun negotiations with a group led by Pittsburgh lawyer Chuck Greenberg as he looks to sell off the Rangers and, if the deal goes through, it could net the American around £300million.

It is unclear how much of that figure Hicks would be keen on re-investing back into the Anfield coffers but, if he manages to sell off the MLB franchise, then he could decide to focus on the Reds and aim to reduce the debts the club are currently carrying......................
Hicks, who jointly owns Liverpool with George Gillett, have been looking for suitable investors for the club for some time and have come in for heavy criticism from the fans who are unhappy at the way they have overseen things at Anfield since they took over in 2007.

Other reports on Wednesday, meanwhile, suggest a United Arab Emirates consortium are close to agreeing a £124m investment deal with the Reds which would be a welcome financial boost for the club.






I wonder if any of the money that the Yanks are getting will be injected into LFC?

who knows

Would be nice though

i doubt so

Most of this money will be for his other debt's. If any one invest's then that will be for the club debt. Rafa has already said (in not so many words) that the focus is to redeuce the club debt rather they buy players at the moment, so don't expect to alot of money splashed out in January.

i would imagine the debt needs to come down to finance the stadium which seems to be priority for the long term growth of the club.

devil's advocate, no need to savage me for it.;-)

Will the money be used to reduce the debt though?

if u look at previously
gillet sold some of his assets out..

he didnt even invest in
and i feel most likely.. if Hicks will to pump in more $$$ , he will expect gillet to do so ..
if 1 of them refuse .. i dont think the other will pump in funds

ya it does mke for compicated contracts if only one invests, was thinkin that ealier.