Friday, January 23, 2009

Liverpool For Sale

Much has been said about the troubled relationship between Liverpool owners Tom Hicks and George Gillett. 

This relationship could professionally be coming to a close, as recent reports indicate that the two are looking to sell the team. 

Hicks and Gillett refinanced the team in July and have hired Merrill Lynch to try and find possible buyers.

One group that seems to be interested is the Al-Kharafi family out of Kuwait. The net worth of M.A. Kharafi and Sons is over 4 billion dollars with the family's worth over 8 billion, which would certainly give them the buying power to buy the team.

When questioned, the Al-Kharafi's made it clear that they are not interested in only buying a share of the team, but rather assume full control. The family was close to buying the team in November, but they walked away from the deal. 

Regardless of who buys the team, English banks that are financing the team will demand that the team be sold by July in order for their loans to be paid back on time. 

Interested in buying the most successful club in England's history? Look for a price tag of over 500 million pounds.

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