sport news Former Liverpool owner Tom Hicks admits he was wrong to buy Anfield club with ...

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'I should have known better... he was impossible to deal with. Shame on me!' Former Liverpool owner Tom Hicks admits he was wrong to buy Reds with George Gillett and reveals how he toured Middle East searching for investors to buy his partner out American investors Tom Hicks and George Gillett bought Liverpool in 2007 But it soon became apparent to Hicks that he'd picked wrong business partner Hicks says Gillett was 'impossible to deal with' and regrets his decisions Texan toured the Middle East looking for investors to buy Gillett's stake in club  They were forced out of the club following legal battle with John Henry in 2010 That came after months of fan protests against levels of debt against the club 

By Adam Shergold for MailOnline

Published: 12:05 GMT, 3 December 2019 | Updated: 13:53 GMT, 3 December 2019

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Former Liverpool owner Tom Hicks has admitted it was a mistake to partner with George Gillett to buy the Anfield club and says he desperately tried to buy him out.

The American investors took over the Merseyside club in February 2007, shortly before they reached a second Champions League final in three seasons, for £435million but the project ended in expensive failure three years later.

Their takeover cost in the region of £435m, comprising £220m to buy out existing shareholders, including £44.8m of debt, plus a pledge of £215m to build Liverpool a new stadium in Stanley Park, which never materialised.  

Tom Hicks (right) and George Gillett bought Liverpool in 2007 in a deal that totalled £435m

Tom Hicks (right) and George Gillett bought Liverpool in 2007 in a deal that totalled £435m

Hicks has now admitted it was a mistake to go into partnership with Gillett at Liverpool

Hicks has now admitted it was a mistake to go into partnership with Gillett at Liverpool

Fan groups had urged Hicks and Gillett to sell their shares to Dubai International Capital as early as 2008, but when Gillett agreed to sell 98 per cent of his stock the move was blocked by Hicks. 

They lost their grip on the club to John Henry and his New England Sports Ventures group in November 2010

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