Hicks In Talks To Sell Liverpool Stake

After months of speculation around Liverpool being put up for sale, it has been reported that the club’s co-owner Tom Hicks is in talks with Middle-Eastern billionaire Nasser Al-Kharafi about a possible buy-out.

Hicks, along with co-owner George Gillet, have been steeped in controversy after buying the club for £218m and taking on additional millions in loans. Plans for a new stadium have been stalled and public differences with the team’s management have led to a division between the American owners and others involved with the club.

Hicks and Gillet have just been given an extension of six months to repay their £350m loan from the Royal Bank of Scotland and Wachovia, but it now may turn into a multiple stakeholders’ responsibility, with the new buyer possibly taking on half of the ownership of the club.

Talks with Al-Kharafi had occurred last year, but fell through. This time around, Hicks seems to be the one driving on the deal.