Tuesday, November 14, 2006

Gillett Jnr, the next potential Reds takeover

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Liverpool have held more talks with American tycoon George Gillett Jnr about a potential takeover.

The Daily Mail says Liverpool chairman David Moores joined chief executive Rick Parry on last week's trip to Canada, where the reclusive businessman owns the Montreal Canadiens hockey team.
Moores was spotted in Gillett's suite during the Canadiens' victory over the
Edmonton Oilers on Tuesday.
Moores is reportedly sticking to a valuation of about £300 million for Liverpool.
Moores and Parry are thought to favour a
cash injection for a minority stake, with backing for a new 60,000-seater stadium, but Gillett's style is to buy businesses outright.
Gillett Jnr has declined to comment, but sources close to him have privately confirmed that he is a serious bidder.