Gillett admits embarrassment and failure

Liverpool co-owner George Gillett has revealed his embarrassment about the failed business venture with fellow American tycoon Tom Hicks into Liverpool Football Club.

Since buying the club in February 2007, the pair have come under immense pressure and criticism from Liverpool fans with new stadium delays, bad attitudes and press, lack of confidence in manager Rafael Benitez and a fall-out between the two owners themselves showering their time at Anfield.

It is understood that Gillett is looking into his next business venture, with interest in investing in India and in Major League Soccer.

With recent reports suggesting the American investors are looking for an investment company to buy them out of their ties with Liverpool FC, Gillett was quoted in this morning’s Independent newspaper as saying:

“You feel a responsibility and an embarrassment on occasions when you haven’t provided all you might have. There’s a level of embarrassment and you want to correct it quickly.”