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Article: From kick-off to final whistle.(George Gillett and Tom Hicks' purchase of Liverpool Football Club)(Liverpool FC and Athletic Grounds PLC)
- Article from:
- Accountancy Age
- Article date:
- March 15, 2007
- Author:
CopyrightCOPYRIGHT 2007 Incisive Media, published with the permission of Incisive Media. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Paul Grant
From kick-off to final whistle
Every deal has to go through a number of stages before it can complete, and each stage presents a different hurdle the transaction can fall at. We explore the sale of Liverpool Football Club to US tycoons George Gillett and Tom Hicks as an example of how the process works, and show how deals can move in unexpected directions along the way.
Making the decision to sell
For some companies, the decision to sell is a straightforward one. It may simply be an exit for private equity investors or a way to help grow the business. For Liverpool FC, the sale arose out of the planned move to a new ...