Liverpool
Liverpool. The deal valued the club and its outstanding debts at £218. The pair paid £5,000 per share, or £174. Disagreements between Gillett and Hicks, and the fans' lack of support for them, resulted in the pair looking to sell the club.
In May 2010, accounts were released showing the holding company of the club to be £350m in debt due to leveraged takeover with losses of £55m, causing auditor to qualify its audit opinion. The group's creditors, including the , took Gillett and Hicks to court to force them to allow the board to proceed with the sale of the club, the major asset of the holding company. A High Court judge, , ruled in favour of the creditors and paved the way for the sale of the club to formerly New England Sports Ventures , although Gillett and Hicks still had the option to appeal.
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Gallery of Liverpool
