Page last updated at 16:07 GMT, Wednesday, 21 October 2009 17:07 UK

Hicks eyes sale of Texas Rangers

Liverpool players celebrate scoring one of the goals in their recent win over Hull
Money raised could help boost Liverpool's finances

Liverpool football club co-owner Tom Hicks has moved a step closer selling his Texas Rangers baseball team.

Houston businessman Jim Crane and his team have visited the Rangers Ballpark and met officials from the baseball and business operations of the US team.

Hicks Sports Group said it had been a "routine and part of the normal due diligence process", AP reported.

Hicks and LFC co-owner George Gillett said last month they were looking for new investment in the Anfield club.

In 2007 Mr Hicks and Mr Gillett paid £174m for the Premier League club, which is carrying a large amount of debt.

Asset sales

Texas Rangers president Nolan Ryan and general manager Jon Daniels were among those showing Mr Crane around the stadium.

Mr Hicks has previously said that he would be willing to sell his controlling interest in the Rangers.

Earlier this year his Liverpool co-owner Mr Gillett agreed to sell one of his major North American assets to help ease financial pressures at the Premier League club.

Mr Gillett agreed to sell his 80% stake in the NHL's Montreal Canadiens ice-hockey team to the Molson brewing giants in a deal reported to be worth at least $550m (£332.9m).

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