Page "Liverpool F.C." Paragraph 38

Moores eventually sold the club to American businessmen George Gillett and Tom Hicks on 6 February 2007.

The deal valued the club and its outstanding debts at £ 218. 9 million.

The pair paid £ 5, 000 per share, or £ 174. 1m for the total shareholding and £ 44. 8m to cover the club's debts.

Disagreements between Gillett and Hicks, and the fans ' lack of support for them, resulted in the pair looking to sell the club.

Martin Broughton was appointed chairman of the club on 16 April 2010 to oversee its sale.

In May 2010, accounts were released showing the club to be £ 350m in debt with losses of £ 55m, causing auditor KPMG to qualify its audit opinion.

The club's creditors, including the Royal Bank of Scotland, took Gillett and Hicks to court to force them to allow the board to proceed with the sale of the club.

A High Court judge, Mr Justice Floyd, ruled in favour of the creditors and paved the way for the sale of the club to Fenway Sports Group ( formerly New England Sports Ventures ), although Gillett and Hicks still had the option to appeal.

Liverpool was sold to Fenway Sports Group on 15 October 2010 for £ 300m.