LIVERPOOL FC RECOMMENDS OFFER FOR CLUB

	Paul Eaton 06 February 2007 Liverpool FC today announced that the Board have agreed the terms of an offer for the Club from Mr George Gillett and Mr Tom Hicks. The Board are unanimously recommending that the Club’s shareholders accept this offer.
Full details of the offer were announced earlier today to the Stock Exchange. Commenting on the offer, David Moores, Chairman of Liverpool said: “I believe this is a great step forward for Liverpool, its shareholders and its fans. This Club is my passion and forms a huge part of my life. After much careful consideration, I have agreed to sell my shares to assist in securing the investment needed for the new stadium and for the playing squad. I urge all my fellow shareholders to do the same and to support the offer. By doing so, I believe you will be backing the successful future of Liverpool Football Club. "I am also delighted to accept the offer from the Hicks and Gillett families to continue my involvement in the Club by becoming Honorary Life President.” Rick Parry, Chief Executive of Liverpool, commented: “This is great for Liverpool, our supporters and the shareholders – it is the beginning of a new era for the Club. “The partnership created by George and Tom is very special. They are bringing to the table tremendous and relevant experience, a passion for sport, real resources and a strong commitment to the traditions of Liverpool. Their approach represents exactly the sort of genuine partnership that Liverpool has been seeking over recent times. “We know that George and Tom want a long-term relationship with Liverpool and that they also understand the importance of investing in our success both on and off the field. They have made clear their intention to move as quickly as practicable on the financing and construction of our proposed new stadium at Stanley Park and also to support investment in the playing squad. “This has been an important time for the Club. We now have the right partners for the future. I am absolutely certain we have now ended up in the right place, with owners who will help the Club succeed and prosper.” Commenting on the offer, George Gillett and Tom Hicks said: “Liverpool is a fantastic club with a remarkable history and a passionate fanbase. We fully acknowledge and appreciate the unique heritage and rich history of Liverpool and intend to respect this heritage in the future. The Hicks family and the Gillett family are extremely excited about continuing the Club’s legacy and tradition. “We are particularly pleased that David Moores and Rick Parry will have a continuing involvement in the Club. For us continuity and stability are keys to the future.”