Taken from the BBC
Gillett set to complete Reds deal
Liverpool have agreed a deal with American tycoon George Gillett and his takeover of the club will be completed early next week, BBC Sport understands.
It is believed that another US ice hockey club owner Tom Hicks is also backing the deal.
Until earlier this week, Dubai International Capital had been expected to buy out the Anfield club for £450m.
But DIC pulled out of talks after Liverpool said they wanted to consider a rival bid from Gillett.
The Gillett offer is understood to be more lucrative for shareholders but chief executive Rick Parry has insisted that money was not the motive for considering an alternative to DIC.
It also includes a commitment to finance a new stadium, thus ruling out the possibility of a ground-share with Everton.
Gillett, who owns the National Hockey League side Montreal Canadiens, has impressed Liverpool with his proposals and the speed at which he completed due diligence - the process of investigation by potential investors - in three days.
The 68-year-old American has also stressed his experience in running successful sporting operations.
However, the Independent has claimed that Gillett's business empire collapsed in 1992, leading to a £33.7m personal bankruptcy.
Hicks owns rival NHL franchise Dallas Stars as well as the Texas Rangers baseball team.
Gillett set to complete Reds deal
Liverpool have agreed a deal with American tycoon George Gillett and his takeover of the club will be completed early next week, BBC Sport understands.
It is believed that another US ice hockey club owner Tom Hicks is also backing the deal.
Until earlier this week, Dubai International Capital had been expected to buy out the Anfield club for £450m.
But DIC pulled out of talks after Liverpool said they wanted to consider a rival bid from Gillett.
The Gillett offer is understood to be more lucrative for shareholders but chief executive Rick Parry has insisted that money was not the motive for considering an alternative to DIC.
It also includes a commitment to finance a new stadium, thus ruling out the possibility of a ground-share with Everton.
Gillett, who owns the National Hockey League side Montreal Canadiens, has impressed Liverpool with his proposals and the speed at which he completed due diligence - the process of investigation by potential investors - in three days.
The 68-year-old American has also stressed his experience in running successful sporting operations.
However, the Independent has claimed that Gillett's business empire collapsed in 1992, leading to a £33.7m personal bankruptcy.
Hicks owns rival NHL franchise Dallas Stars as well as the Texas Rangers baseball team.
Rafa would be allowed to sign every player he wants and the club would then be in huge debts. 
Comment