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Liverpool Owner George Gillett Sells NHL Side Montreal Canadiens

Liverpool could have their financial burden eased somewhat after it emerged that their owner has agreed a deal for the NHL club...
Liverpool co-owner George Gillett has agreed to sell NHL side Montreal Canadiens in a deal believed to be worth around £330 million.

Reuters Canada reports that Gillett will sell the Canadiens to the Molson family in a deal that could have ramifications for the Reds.

"Our family has been very proud to be associated with the Montreal Canadiens over the past eight years,” Reuters quotes Gillett as saying in a statement.

“I am fully confident that the Molson brothers, who have been a great part of the heritage of the club, will ensure the preservation and development of this great sports institution.”

The sale must now be officially approved by the NHL but is expected to be completed by the end of August.

Quite what impact this has on Liverpool remains to be seen, but it is believed that finances are an issue on Merseyside.

Manager Rafael Benitez has insisted he has money to spend this summer and has been linked with moves for Glen Johnson and David Silva.

However, it has also been claimed that the Spaniard must sell before he can buy, meaning that players such as Andrea Dossena, Alvaro Arbeloa, Xabi Alonso, Javier Mascherano and Albert Riera have all been linked with Anfield exits.

The Merseysiders are not believed to have the funds to compete with the likes of Manchester United, Chelsea and Real Madrid in the transfer market, although whether that may change in the light of today’s news remains to be seen.

I entirely agree, the only possible silver lining is that we wont have to sell any star players, but with this lot I have very little faith.

yeah but to keep liverpool profitable we have to win trophies! its much more difficult to do that in american sports no matter how much you invest because of the system they have in place

it makes a lot more sense to invest the money here where it can make the difference

they have bought 60% - i am not sure that is a good thing for whoever it is (pompey are looking likely too) because it just means another cook to mess up the broth ....... look at the troubles we have had with two owners can you imagine it with 3? especially two yanks and an arab lol

and arsenal are an example of how much dirty linen gets aired in public when you have many owners arguing over little things

Who's to say Gillet will pump any of his profit into the club? When he and Hicks took over at Anfield, they promised us the sun, the moon and the stars.

just wish the two stubborn sods would just sell up and leave ASAP!
their track record since buying our Club is appalling and they should go! I don't trust either of them!

I feel there is something more going on,
1, Crusty said he was leaving the club half way threw the season, His last job been to find investors

2, Rafa signed new contract along with a whole host of players, I don't think Rafa would have signed without assurance's but also the yanks would have put a stop to rafa airing his views also. I also think Xabi and Monster are looking for there terms to be looked at more than a move away, If you remember they signed just before the new tax came in and are losing a lot of money now.

3, Moores steps down and is very quickly replaced. It is easy to see there was no relationship between the yanks and moores anymore, They where not going to show there hand to him again after the refinance deal last year.

Now we always knew that it was Gillet more than Hicks that wanted into LFC, Hicks has grown to want to be there, but he is now behind Gillet after this sale, I wonder is Gillet now with the help of a 3rd party going to try and buy out the texan????

it may be a controlling interest but it still offers plenty of opportunity for the others to mess things up - you need more than 60% to have total control mate

and for tax reasons - the interest payments reduce their tax payments

They need something to buy their houses and Ferraris!