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Liverpool hire Barclays to help find buyer

Liverpool could be set to be sold by owners Tom Hicks and George Gillett after hiring the mergers and acquisitions arm of Barclays Bank to help find a buyer as well as being expected to announce the appointment of the chairman of British Airways, Martin Broughton, as independent chairman.

The Royal Bank of Scotland latest refinancing deal is believed to require that Hicks and Gillett give up their power within the club.  The news to find a new owner comes after the Merseyside club rejected The Rhône Group's proposal of £110m for a 40% stake, much to the frustration of manager Rafael Benitez.

When appointed, Broughton will be expected to oversee the search for investment and secure the Americans' latest refinancing package at Liverpool in the meantime.

Anfield officials have distanced themselves from a refinancing deal with Barclays. However, Hicks and Gillett could explore a deal with Barclays as a fallback option.

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