The new chairman of Liverpool, Martin Broughton, has made it clear that any buyer of Liverpool must commit to building a new stadium for the club. He also gave assurances that there was no need to sell star players.
The new chairman of Liverpool, Martin Broughton, has made it clear that any buyer of Liverpool must commit to building a new stadium for the club. He also gave assurances that there was no need to sell star players.
Despite the initially sceptical reaction from Liverpool supporters, Broughton has a lot to offer. He was a very successful chief executive and later chairman of British American Tobacco. He did well in the demanding job of the top employers’ organisation, the CBI. As chairman of the British Horseracing Board, he was the most effective administrator British horse racing has had for years. With Barclays Capital on board, Broughton not only has someone who can help with the sale process but also put financing in place for a new owner to build the new stadium.
Nevertheless, a buyer still has to be found and Hicks and Gillett have to accept their offer. However, there is no doubt that they are under pressure from the banks they owe money to which is why some progress has been made.