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Hicks Hoping to Make Significant Profit from Liverpool FC Sale

Liverpool FC could be set to be sold for nearly four times the price paid by American duo Tom Hicks and George Gillett.

Texan Hicks, who joint owns the Merseyside club with George Gillett, told The Sunday Mirror: “Liverpool football club has been a great investment. It has probably tripled in value."

 

The pair bought the club three years ago for £218.9 million and are now looking to sell for a reported £600 to £800 million.

Hicks justified the increase in value by adding: "We have doubled player spending, both gross and net, and the new stadium is now fully designed and permitted. With fresh capital from a new owner, the stadium will be operational by August 2014.

"Liverpool will be as profitable as any other club in the Premier League and can compete financially and on the pitch with any other club. This is a great step forward for Liverpool FC, but we will now take our time and find the best possible owner.”

The claims may seem optimistic following Liverpool FC’s disappointing season in which they look set to miss out on qualification for the Champions League and the estimated £13million revenue this would generate for the club.

 
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