Deals
Liverpool Chairman Says Hicks, Gillett Lost $222 Million on Sale
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George Gillett and Tom Hicks’s ownership of Liverpool will lead to the pair losing 140 million pounds ($222 million), the team’s chairman said after agreeing to sell England’s most successful soccer club to John W. Henry’s Boston Red Sox holding company.
Hicks and Gillett have mounted a legal challenge to block the 300 million-pound sale of the 18-time English champion. It was agreed on by the other three members of the club’s board, including Chairman Martin Broughton.