Tuesday, April 21, 2009

Liverpool owners Gillett, Hicks together at match

LIVERPOOL, England (AP)—Liverpool’s bickering American co-owners sat together for the first time this season as their English football team hosted Arsenal in the Premier League.
Tom Hicks and George Gillett Jr. have been at odds over the direction of the club for much of the last two seasons. The visit Tuesday came as a July deadline approaches to refinance the loan that funded their takeover of Liverpool two years ago.
Hicks and Gillett have been assessing their personal financial situations amid the global economic crisis.
Gillett has appointed financial advisers to explore a recapitalization of his assets, which could include the sale of the Montreal Canadiens. And Hicks’ company, which owns the Texas Rangers and Dallas Stars, has defaulted on about $525 million in loans.

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