Liverpool’s American owners are stepping up efforts to sell the debt-ridden English Premier League club by tasking Barclays Capital with finding a buyer and appointing a new chairman, a person familiar with the situation said on Saturday.
Tom Hicks and George Gillett Jr. are set to appoint British Airways chairman Martin Broughton next week as an interim non-executive chairman to oversee the sale process, the person told AP on condition of anonymity because the talks are ongoing.
For more than two years, Hicks and Gillett have been trying to attract investors to reduce the debt resulting from their 2007 takeover, which stands at 237 million pounds ($364 million).
