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| Liverpool, Texas |
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| Sunday, 31 January 2010 23:07 |
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A 47-minute documentary by Yusuf Manjoo about the American takeover of Liverpool FC. George Gillett and Tom Hicks, who acquired the club on 6 February 2007 from previous chairman David Moores. The deal valued the club and its outstanding debts at £218.9 million. The pair paid £5,000 per share, or £174.1m for the total shareholding in the club, and £44.8m to cover the club's debts. Disagreements between Gillett and Hicks, and their lack of the fans' support, have precipitated rumours that Dubai International Capital (DIC), who were interested in buying the club before Gillett and Hicks took over, would bid for the club. Another group, Share Liverpool FC, also expressed interest in purchasing the club. They proposed to pay £500m, which would be funded by 100,000 fans contributing £5,000 each for a club share. However, the group have been unable to raise the required capital to make an offer for the club.
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