Mon, 12 Apr 2010 | BUSINESS SALE
Liverpool Football Club's American owners Tom Hicks and George Gillett have brought in Barclays Capital to seek a buyer for the club.
Private equity firm Rhone Capital is said to be amongst the potential purchasers. Its £116m bid for a 40 per cent holding in the club was rejected in March.
It has been estimated that the club could be worth £500m in a sale, though the owners are allegedly likely to ask for an amount closer to £600m. This figure is based on the potential for growth when the club transfers to a new stadium.
The duo bought the football club for £219m from the Moores family in 2007, and so will make a tidy profit from the disposal.
It is expected that Barclays Capital will be in contact with numerous backers and private equity companies that have already shown interest in Liverpool. The bank will also ascertain whether Rhone Capital is willing to make a bid for the entire club.
The club, which is striving to win a place in the European Champions League, has built up debts of £237m whilst in the ownership of Hicks and Gillett. These debts have been extended however, so Liverpool remains an attractive proposition to potential buyers.
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