Blackstone Group Aiding Hicks In Liverpool Recoup

Liverpool co-owner Tom Hicks
wants to sign a 282 million-
pound ($441 million) deal with
Blackstone Group LP ’s GSO Capital
Partners unit by Oct. 1 to
refinance the soccer club’s debt,
the News of the World reported,
citing club sources.
The deal will allow Hicks to buy
out business partner George
Gillett and will not include any
cash injection for new players or
a new stadium for the soccer
club, the newspaper reported.
The Blackstone deal would
enable Hicks to delay any sale of
the club until 2012, the News of
the World added.
The rest of the Liverpool board
will mount a legal challenge to
stop the negotiations, the
newspaper said.