Premier League

Liverpool's Hicks in talks with hedge funds - report

11:52 BST, Mon 5 May 2008
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Liverpool's co-owner Tom Hicks attends their Champions League semi-final first leg soccer match against Chelsea at Anfield in Liverpool, northern England, April 22, 2008. REUTERS/Phil Noble (BRITAIN).  NO ONLINE/INTERNET USAGE WITHOUT A LICENCE FROM THE FOOTBALL DATA CO LTD. FOR LICENCE ENQUIRIES PLEASE TELEPHONE ++44 (0) 207 864 9000.

LONDON, May 5 (Reuters) - Liverpool FC's co-owner Tom Hicks is talking to hedge funds to help him raise funds to buy the British soccer club and start building a new stadium, the Daily Telegraph reported on Monday.

The U.S. billionaire, who wants to buy out the 50 percent of the club controlled by co-owner George Gillett, is talking to some of the hedge funds that helped finance the Glazer family's purchase of Manchester United, such as Perry Capital, Och-Ziff Capital Management and Citadel, the newspaper reported.

While one hedge fund rejected the approach, others are still in talks with Hicks' advisors, the newspaper said.

Hicks could not immediately be reached for comment.

 

 

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