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Hicks Joins Gillett To Purchase Liverpool FC

DALLAS (CelebrityAccess MediaWire) — The Liverpool Football Club has agreed to accept an offer for the club from American billionaires George Gillett Jr. and Thomas Hicks for £218.9m.

The agreed-upon price was 5,000 sterling per share through a specially-formed investment vehicle, Kop Football, LTD.

'After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad,' Liverpool chairman David Moores told Forbes.

Gilett collected his fortune through meat production, sports and broadcasting franchises. He was unsuccessful in a bid to purchase the Denver Nuggets (An NBA team) along with NHL Colorado Avalanche and Pepsi Center with John Elway and Pat Bowlen, he successfully acquired an 80 percent share of the Montreal Canadiens and their home, the Bell Centre. He also owns Gillett Entertainment Group, a sports and entertainment promoter.

Hicks co-founded the investment firm of Hicks, Muse, Tate & Furst and is the chairman of Southwest Sports Group which owns the Texas Rangers, the Dallas Stars and the Mesquite Championship Rodeo. Hicks ammased his fortune through leveraged buyouts and media operations. Hicks has been active in Texas politics, supporting both Texas governor Ann Richards and George W. Bush from whom Hicks purchased the Rangers. Hicks has also served as the Vice Chair of Clear Channel Communications. – CelebrityAccess Staff Writers