Liverpool close to new £124m investment

Liverpool co-owners George Gillett and Tom Hicks are close to selling a £124million share in the club, according to this morning’s Daily Telegraph.

The paper suggests that Gillett met with potential investors in London last week, looking to sell £62million of his own shares and £62million of business partner Hicks’ shares in the club.

It is unknown whether the new investment would go to pay off the club’s debt, thought to be around £240million.

Liverpool press officer Ian Cotton responded to reports in The Mirror that the ruling family of the United Arab Emirates are seeking investment, refusing to be drawn on the reports, saying: “At the moment, we are not commenting on this speculation.” At the moment.

The news arrives a few days after Spirit of Shankly, the Liverpool Supporters Union, launched their ‘Not Welcome Here’ campaign and successfully prevented Tom Hicks and Foster Gillett access to Anfield for the Arsenal match.

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