Hicks & Gillett to appoint chairman?

A report by the Daily Telegraph suggests that Liverpool co-owners Tom Hicks and George Gillett could be about to appoint the club a new chairman, taking their roles in the day-to-day running of the club to a back level.

Although the American tycoons would remain owners of the club, a new chairman would take control of the management of the club and financial decisions, working closely with managing director Christian Purslow.

It is understood the appointment of an independent chairman would help aid the American’s search for new investment into the club, with debts thought to be around £240million.

The Telegraph notes British Airways chairman Martin Broughton could be at the top of Hicks and Gillett’s list for the job, with Broughton thought to have a keen interest in sport.

Hicks and Gillett are currently in London, after watching Thursday night’s 4-1 victory over Benfica in the Europa League, locked in discussions with potential investors in the club.

They are looking to reduce the club’s debts by £100million by July, in accordance with their re-financing deal with the Royal Bank of Scotland Wachovia.