U.S. sports owners buy Premiere
LIVERPOOL, England -- U.S. sports tycoons George Gillett and Tom Hicks have pledged to keep Liverpool true to tradition after agreeing to pay £174 million ($340 million) to take over the Premier League football club.
Gillett and Hicks, through their Kop Football vehicle, said on Tuesday they would pay £5,000 per Liverpool share and the total value of the deal, including debt, was £219 million .
Billionaire Hicks is the owner of The Texas Rangers major league baseball team and the Dallas Stars NHL franchise, while Gillett owns NHL's Montreal Canadiens.
The pair held a news conference on Tuesday to present themselves to supporters in a bid to avoid a repeat of the negative fan reaction when rival U.S. sports tycoon Malcolm Glazer completed his buyout of Manchester United in 2005.
The American duo will act as co-chairmen of the 2005 European champions with each having a son on the board. Former owner David Moores has been made honorary life president.
Gillett and Hicks, through their Kop Football vehicle, said on Tuesday they would pay £5,000 per Liverpool share and the total value of the deal, including debt, was £219 million .
Billionaire Hicks is the owner of The Texas Rangers major league baseball team and the Dallas Stars NHL franchise, while Gillett owns NHL's Montreal Canadiens.
The pair held a news conference on Tuesday to present themselves to supporters in a bid to avoid a repeat of the negative fan reaction when rival U.S. sports tycoon Malcolm Glazer completed his buyout of Manchester United in 2005.
The American duo will act as co-chairmen of the 2005 European champions with each having a son on the board. Former owner David Moores has been made honorary life president.
- 2/6/2007
- The Hollywood Reporter - Movie News
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