Skip to main contentAccess keys helpA-Z index

[an error occurred while processing this directive]
watch listen BBC Sport BBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Tuesday, 27 March 2007, 06:39 GMT 07:39 UK
Duo complete Liverpool takeover
George Gillett and Tom Hicks
Gillett and Hicks will be co-chairmen of Liverpool
George Gillett and Tom Hicks have completed their takeover of Liverpool after 98.6% of shareholders agreed to sell them their shares.

Under Stock Exchange rules, the remaining shares can be can now be purchased compulsorily.

The Americans had gained unconditional control of the club by passing the 80% share threshold and the new mark brings their takeover to a conclusion.

The pair will now seek to re-register the club as a private limited company.

Liverpool had seemed set to tie up a deal with Dubai International Capital.

However, the club decided not to formally accept the takeover bid in January and DIC withdrew its offer.

The Merseysiders instead considered a new bid from Gillett, who had added Hicks to his team, and an offer of 5,000 per share was made.

Gillett and Hicks presented their provisional offer to former Liverpool chairman David Moores and chief executive Rick Parry at the start of February.

The American duo set up a company called Kop Football Limited to buy the club and Liverpool agreed to the terms offered by Gillett and Hicks on 6 February.

Gillett and Hicks, who both own ice hockey franchises in the NHL, had gained acceptances to purchase 80.7% of shares by 9 March before increasing that to the 98.6% level.

The pair wanted to wait until officially completing their takeover before discussing plans for the future and will now meet with Liverpool manager Rafael Benitez on Sunday.



SEE ALSO
Liverpool owners make Benitez vow
22 Mar 07 |  Liverpool
Reds owners suspend stadium work
14 Mar 07 |  Liverpool
US duo complete Anfield takeover
09 Mar 07 |  Liverpool
US business duo at Liverpool helm
06 Feb 07 |  Business
Anfield of dreams
06 Feb 07 |  Liverpool
US pair agree Liverpool takeover
06 Feb 07 |  Liverpool


RELATED BBC LINKS:

RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites

BBC PRODUCTS AND SERVICES
Daily and weekly e-mails | Mobiles | Desktop Tools | News Feeds | Interactive Television | Downloads
Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

Help | Privacy & Cookies Policy | News sources | About the BBC | Contact us