Reports this morning suggested Mill Financial have purchased Tom Hicks and George Gillett’s shares in Liverpool Football Club, according to reports.
However, the Press Association has since reported that Hicks has not sold his share to Mill Financial and remains at the club.
Mill Financial are an American hedge fund company – which already owned 50% of Gillett’s share – are said to have put in a similar offer for the club to that of NESV.
The Liverpool Echo explain the situation better than us:
It is being claimed the American based Hedge Fund has acquired all of Tom Hicks’ shares to go along with those of George Gillett, which it already owned.
It is further claimed that if they repay all outstanding loans to RBS before the set deadline, they will by default become the new owners of LFC, nudging out New England Sports Ventures.
However the Echo understands the move would not signal Hicks and Gillett returning to ascendancy in the battle for the Reds.
Instead it is believed Mill Financial, in turn owned by Springfield Financial who have links with the Washington Redskins American Football team, may be acting on behalf of another, as yet unnamed and unknown group who have put themselves in a position to move in at the 11th hour and take over the club.
The Echo also suggest Chinese businessman Kenny Huang could be behind these developments with other sources suggesting Mill Financial could be acting as a middleman, selling the club on quickly for profit.
Liverpool and the Royal Bank of Scotland will return to the High Court in London this afternoon to try and overturn Tom Hicks’ injunction preventing the sale of the club to New England Sports Ventures. The hearing is set for 2pm.
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