Rapid completion of Liverpool takeover indicates fans’ faith
The lure of the dollar has seen Liverpool fans almost falling over themselves to sell their shares at £5,000 each to George Gillett and Tom Hicks, the American sports moguls who aim to spend £470m changing the fortunes of the Anfield giants forever.
Yesterday, ahead of the Stock Exchange opening, Gillett and Hicks announced they had secured 98.6% of the club’s shares, and would now apply to take the club into private ownership, ending the need to hold annual general meetings.