Gillette Reportedly Considering Selling Liverpool Shares

Filed under: George Gillett, Liverpool

George Gillett

Doesn’t it seem like every single time Liverpool starts to get it right on the field one of the Co – Owners has something coming out in the press, taking the focus off the great form the team is in and putting it back once again on the possible “sale” of half the teams’ ownership?

This time the reports coming out of Canada are about George Gillett “considering the sale of some of his Sporting Assets”, which include his 50% stake in Liverpool FC.

Via Yahoo

“The Gillett family has retained the services of financial advisors in order to assess various strategic alternatives to optimize the value of its corporate assets,” NHL communications vice-president Donald Beauchamp told Reuters.

He confirmed a story in the French-language daily La Presse which said Gillett had hired a total of four financial firms in Europe, the United States and Canada to look at all Gillett’s properties, including Liverpool.

In Canada, financial company BMO Capital Markets will examine the future of the Canadiens, the Montreal Bell Centre where the team plays and the Gillett Entertainment Group.

“We’re talking about a very large range of firms and assets which are good companies. There is Liverpool, NASCAR, the Canadiens and the Bell Centre,” Boivin said. Beauchamp confirmed that the quotes were accurate.

Boivin told La Presse there was a range of possible outcomes for Gillett’s holdings.

“This could involve refinancing, this could involve the arrival of new investors or – purely and simply – the sale of certain assets,” he said, stressing that the process of studying what could be done had only just started.

Image via Static

Added on Monday, March 23rd, 2009 by

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