can liverpool keep up with Chelsea? from soccernet

Liverpool have agreed to an offer from American tycoons George Gillett and Tom Hicks to buy the club.

A statement was made to the Stock Exchange stating they have agreed the terms ‘of a recommended cash offer’ to be made by Kop Football Limited, the American pair’s bid vehicle. The statement read: ‘The offer is £5,000 in cash for each Liverpool Share, valuing the issued share capital of Liverpool at approximately £174.1million. ‘Together with the £44.8million of net debt in the club as at December 31 2006, this represents an enterprise value for Liverpool of £218.9 million.’

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