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Hicks keen on another finance bid

SoccerNews in English Premier League 20 Sep 2010

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(GSM) – Liverpool co-owner Tom Hicks has been reportedly launched another bid as looks to keep hold of the Merseyside club by securing financing from a private equity company.

The Reds co-owner and partner George Gillett had already put the club up for sale in April and Barclays Capital was appointed to oversee the deal.

However, sufficient interest has failed to materialise as problems both on and off the pitch continue to derail England’s most successful club.

The lack of interest has prompted Hicks to pursue other options and the American is now believed to be putting together his own financing deal.

Hicks and compatriot Gillett, who are increasingly unpopular with the Anfield faithful, had been eager to cut their losses and return to their homeland.

Debts of up to £237million have restricted the club’s progression, angering supporters, who may be forced to furter endure the duo’s ownership should Hicks’ latest business move prove successful.

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