US Duo Finalise Liverpool Stakeholding

George Gillett and Tom Hicks have completed their takeover of FA Premier League
club Liverpool with the final deal giving the US entrepreneurs 98.6% of the
shareholding.

The Americans had gained unconditional control of the club by passing the 80%
share threshold and the new mark brings their takeover to a conclusion.

Under Stock Exchange rules, the remaining shares can now be purchased
compulsorily. The new owners will now seek to re-register the club as a private
limited company.

The American duo set up a company called Kop Football Limited to buy the club
and Liverpool agreed to the terms offered by Gillett and Hicks on 6th February.

Gillett and Hicks, who both own ice hockey franchises in the NHL, had gained
acceptances to purchase 80.7% of shares by 9th March before increasing that to
the 98.6% level.