Liverpool FC takeover is complete

Liverpool football club are now officially owned by US duo Tom Hicks and George Gillett.

The American duo have now bought 98.6% of the club’s shares, meaning that under stock exchange rules they can buy the rest of the shares at the previously offered price-per-share. Any shareholders who were holding back are no longer able to hold onto those shares.

With just 1.4% of shares remaining it seems all of the well-known shareholders have now sold their shares. This includes Steve Morgan, the former Redrow chief and thorn-in-the-side to previous owner David Moores.

The American duo have already put the new stadium building on hold until the plans have been reviewed. They want to try and increase the capacity of the new ground above the previously planned 60,000.

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