Liverpool FC is officially up for sale after American owners, Tom Hicks and George Gillett finally give in to pressure by the clubs supporters and media.

The American owners of the club said Liverpool require a new owner to take them to the “next level”, as the club is suffering a miserable time in the premiership and have been knocked out of all other domestic cups.

The months of speculation finally ended with the American owners giving into pressure and accepting to sell their share which will end their three year reign at the club. A joint statement by the duo wrote “Having grown this club this far we have now decided together to look to sell the club to owners committed to take the club through its next level of growth and development”.

However, the new owner of the club is going to buy the shares from Hicks and Gillett thinking about the clubs £237 million debt and also the new stadium in which there has been no progress in for several months.

British Airways chairman and deputy president of the Confederation of British Industry, Martin Broughton has been appointed as chairman by the American’s to sell the club. A statement by Martin Broughton write “My role, is to make sure Liverpool is successful in the future. It is now very important that we find the right owner not just a new owner.”

Hicks and Gillett’s statement continued “Martin is a distinguished business leader of excellent judgement and with a great reputation. He is a genuine football supporter and will seek to oversee the sales process in the best interests of the club and its supporters.”

Liverpool manager, Rafael Benitez described the news on Friday as “positive”.

There was much debate in recent months with Benitez leaving the club for heavily linked Italian giants, Juventus, but this has been denied by the clubs chairman and said “Benitez is a key part of Liverpool’s future.”

When asked by reporters about the sale of the club on Friday, Benitez said “We have a new chairman and he is in charge of these issues, at this moment, for me as a manager, I have to concentrate on the West Ham game on Monday. I think the club is moving forward and that is positive. It is important for the club to move forward. It could be good news.”

The new chairman also emphasised the importance of the new stadium when a reporter asked him what will happen to the plans of the much awaited construction, Broughton replied “It’s ready to go to tender and frankly there’s an overwhelming financial logic for any buyer to proceed with the stadium.

“Any buyer would be crazy not to proceed with the stadium, it’s going to be in its interests. You wouldn’t get to be the winning bid without that commitment.”

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