Liverpool said on Friday that a settlement between former owners Tom Hicks and George Gillett and directors involved in the sale of the Premier League football club had been agreed following a long-running legal battle.
Private Saudi sports investment company F6 is in direct talks with George Gillett, the American co-owner of English soccer club Liverpool, to buy all or part of his 50 per cent stake in the club, a company official said on Monday.
Liverpool's tortured takeover battle ended on Friday with the owners of Major League Baseball's Boston Red Sox completing their 300 million pounds ($480.8 million) purchase of the Premier League club.
Chinese businessman Kenny Huang has withdrawn from the bidding process to take over Premier League club Liverpool, read a statement issued by his Hong Kong representatives on Friday.
Liverpool's future still looked uncertain on Thursday after one potential investor denied an interest and the financial backing of another was called into question.
Premier League club Liverpool went up for sale Friday after American owners Tom Hicks and George Gillett appointed Barclays Capital to find a buyer.
Mukesh Ambani, chairman of Reliance Industries, and Subroto Roy, chairman of Sahara Group, are reportedly bidding for a 51 per cent stake in Liverpool football club -- one of the most successful clubs in the history of English football.
Liverpool is presently owned by American duo George Gillett and Tom Hicks, who acquired the club in February 2007.
Liverpool's parent company, owned by Americans Tom Hicks and George Gillett, made a loss of 42.6 million pounds last year mainly due to interest payments to service the debt taken out to buy the club.
The US owners of Premier British League Football team Liverpool are looking to sell the club and have appointed Barclays Capital to find a buyer, a source familiar with the matter said on Sunday. American businessmen Tom Hicks and George Gillett are facing a demand to repay 100 million pounds ($153 million) of the club's 237 million pounds debt to its lenders, Royal Bank of Scotland and US bank Wachovia, in July.
Liverpool's American owners are set to announce they have a sealed 350m pounds refinancing deal.
Shareholders accepted the takeover of the club by US sports tycoons George Gillett and Tom Hicks.
George Gillett and Tom Hicks have pledged to keep Liverpool true to tradition after agreeing to pay $340 million to takeover the Premier League football club.
The Premier League football club has agreed to be taken over by US sports tycoons George Gillett and Tom Hicks for 174 million pounds.
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