Person familiar with offers: Takeover bids received by Liverpool but blocked by Hicks, Gillett

By Rob Harris, AP
Tuesday, October 5, 2010

AP source: 2 takeover bids received by Liverpool

LONDON — A person familiar with the situation says Liverpool has received two new takeover bids that are being blocked by the American owners.

The person, speaking Tuesday on condition of anonymity because negotiations are ongoing, says one bid is from the U.S. and the other from Asia.

Sky Sports News is reporting that the owners of the Boston Red Sox are one of the bidders.

Liverpool has an Oct. 15 deadline to repay debts of about 285 million pounds ($453 million) resulting from the 2007 takeover by Tom Hicks and George Gillett Jr.

The person says Hicks and Gillett won’t accept either bid because they would not gain a profit on what they paid. Other board members are ready to accept one of the bids.

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