LIVERPOOL FC SOLD

Liverpool FC have confirmed they have accepted a takeover offer from American duo George Gillett Jnr and Tom Hicks.

The American pair flew into Liverpool on Tuesday to tie up the final details of the takeover deal.
The deal is reported to be worth £470m with the American duo splitting the cost between them paying about £175m for the shares in the club, £80m to cover the debt and a further £215m towards a new stadium.

Liverpool's board have now made an announcement to the Stock Exchange of the offer and they have recommended for the club's shareholders to accept the deal.

Total Share Capital: £174.1m

Clearing of debts: £44.8m

New Stadium Cost: £200m

Enterprise value: £218.9million

Louis' Comments..

Finally, after such a long wait, the deal is done. All of us are disappointed after the DIC deal was off, but fortunately, the disappointment didn't dragged for long.

2 American Bosses take over the club for now. Mr David Moores knew that he had no other choice but to step down. He's been a good chairman, a quiet and low-profile personality, but still, I believe he does alot of work behind the scenes, making sure that the club is doing well and I respect him for that.

We needed the money, that's for sure. For the stadium, for new players, for new youth players and many more. In order to compete with the rest, we have no other choice but to sell. Mr Moories is well aware of that, and I believe he did that all for the benefits of the club.

It's a good move, right time to have a change of management. However, I do believe that Rick Parry and Rafa Benitez should still be around. Traditions must be kept and not changed. The new bosses must know that the cores of the football club must be always there and it won't not be Liverpool if it's changed.

It's a new era. I'm excited to see the future of Liverpool FC. Under Rafa Benitez, I believe we'll get the 19th title and more real soon.

You'll Never Walk Alone..

Cheers.